According to a new report published by Allied Market Research, titled “Electric Rice Cooker Market by End-User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026”, the report provides a detailed analysis of key investment pockets, top winning strategies, drivers and opportunities, market size and estimates , competitive landscape and changing market trends.

The globe Electric Rice Cooker Market The size was estimated at US$3.2 billion in 2018 and is expected to reach US$5.5 billion by 2026, with a CAGR of 6.8% over the forecast period. The market is expected to have an additional $2.3 billion in revenue opportunity from 2018 to 2026.

The electric rice cooker allows the consumer to cook rice in an efficient and convenient way. Along with rice, it is also used to cook grains such as oatmeal and lentils. The rice cooked with the electric rice cooker is even and non-sticky, which provides a better appearance and mouthfeel. Automatic rice cookers are the most commonly purchased over non-automatic varieties of electric rice cookers as they require the least manual intervention and avoid overcooking or undercooking as they stop when the rice is cooked.

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The busy lifestyle and growing female labor market participation has led to a shift towards efficient and less time-consuming kitchen appliances, along with the convenience that electric rice cookers offer.

Cooking gas prices have historically risen sharply, prompting customers to switch to effective alternatives in terms of cost, convenience and efficiency. The electric rice cooker is a cost-effective, practical and efficient alternative to gas-based rice cookers, which is why the demand for electric rice cookers is expected to increase in the near future.

The electric rice cooker market is segmented by end-user, distribution channel and…