Market Overview

The global multi cooker market size reached USD 910.2 Million in 2024 and is expected to grow to USD 2,062.6 Million by 2033. The market is forecasted to grow at a CAGR of 9.04% during the period 2025-2033. This growth is driven by the rising demand for convenient cooking solutions among busy households.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Multi Cooker Market Key Takeaways

• The global multi cooker market was valued at USD 910.2 Million in 2024.
• The market is expected to grow at a CAGR of 9.04% during 2025-2033.
• The forecast period for the market spans from 2025 to 2033.
• Major market drivers include growing interest in healthier meal preparation supporting versatile cooking needs.
• The increasing adoption of smart kitchen appliances with advanced features is fueling market growth.
• North America currently dominates the market due to high consumer demand, smart device adoption, and strong retail presence.
• Consumer awareness limitations challenge market opportunities, but increased marketing and education efforts are expected to accelerate growth.

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Market Growth Factors

The global multi cooker market is propelled by a growing consumer interest in healthier meal preparation, as multi-cookers enable versatile cooking methods such as slow cooking, steaming, and sautéing. This trend encourages consumers to favor home-cooked meals, thus expanding product appeal. The report highlights that busy lifestyles underline the importance of convenient cooking solutions, making multi-cookers a necessity for many households seeking efficiency and versatility.

Further market expansion is supported by the rising adoption of smart kitchen appliances integrated with advanced features like app control, voice command, and automated cooking functions. This technology attracts tech-savvy users who seek convenience and enhanced cooking experiences. The report references products such as Xiaomi's Mijia Rice Cooker N1, which incorporates nine cooking modes and advanced temperature control, illustrating innovation driving demand.

The escalating demand for time-saving cooking solutions also boosts the multi cooker market. Products offering preset cooking modes and simultaneous cooking options, such as Crock-Pot's MultiMeal Multicooker with dual pots and separate temperature controls, exemplify this trend. These appliances simplify meal preparation for busy consumers and meal preppers, emphasizing convenience and efficiency as key market growth factors.

Market Segmentation

Breakup by Product Type:

• Round: Currently holds the largest market share, valued for even heat distribution and a versatile design ideal for slow cooking, steaming, and sautéing, enhancing cooking efficiency in compact spaces.
• Cube
• Others

Breakup by Application:

• Restaurants
• Home Use: Represents the largest market demand, streamlining meal preparation with multifunctional cooking ability that saves time and kitchen space.
• Others

Breakup by Distribution Channel:

• Electrical Goods Retailers: The largest segment, playing a crucial role by offering a wide range of brands and models and providing access through physical and online platforms.
• Supermarkets/Hypermarkets
• Departmental Stores
• Homeware Stores
• Online
• Others

Breakup by Region:

• North America: Currently dominates the market, driven by high consumer demand for convenient cooking solutions, increasing adoption of smart devices, and strong retail presence.
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Regional Insights

North America accounted for the largest market share in the global multi cooker market. The region's dominance is attributed to the rising demand for convenient cooking solutions and a strong consumer base. Brands like Instant Pot have launched advanced smart technology models tailored for busy lifestyles, reinforcing North America's leadership. Continuous product innovations foster further growth in this region.

Recent Developments & News

In August 2024, Xiaomi launched the Mijia Rice Cooker N1, featuring a 4-liter capacity, a six-layer black-gold inner liner, 24-hour reservation, 12-hour heat preservation, nine cooking modes, quick 28-minute cooking, and advanced temperature control. The same month, Crock-Pot introduced the MultiMeal Multicooker with dual 3.7-quart pots, separate temperature controls, five cooking functions, and dishwasher-safe technology. In March 2024, Gourmia unveiled the Versia, an all-in-one air fryer, grill, panini maker, and multicooker with 14 one-touch cooking functions, a 7-quart air fry basket, and a 6-quart multicooker pot.

Key Players

• Philips
• Morphy Richards
• KitchenAid
• Fagor
• Breville
• Tefal

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