Multi Cooker Market Size, Trends, Growth Drivers, and Forecast Report 2025-2033
- Rahul Pal
- Jan 5
- 3 min read
Market Overview
The global multi cooker market was valued at USD 910.2 Million in 2024 and is projected to reach USD 2,062.6 Million by 2033. It is expected to grow at a CAGR of 9.04% during the forecast period 2025-2033. The rising demand for convenient cooking solutions among busy households and the increasing popularity of multi-cookers are driving market growth.
Study Assumption Years
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Multi Cooker Market Key Takeaways
The global multi cooker market size was USD 910.2 Million in 2024.
The market is expected to grow at a CAGR of 9.04% during 2025-2033.
The forecast period spans from 2025 to 2033.
The rising demand for convenient cooking solutions is increasing popularity among busy households.
Growing interest in healthier meal preparation is propelling consumers to choose versatile multi-cookers.
Increasing adoption of smart kitchen appliances with advanced features is significantly boosting demand.
North America currently dominates due to high consumer demand for time-saving appliances and strong retail presence.
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Market Growth Factors
The growing interest in healthier meal preparation is driving consumers to prefer multi-cookers for versatile cooking options. This trend propels the market as users seek appliances capable of multiple cooking methods, improving convenience and meal quality.
The increasing adoption of smart kitchen appliances is another growth driver. Multi-cookers with app control, voice commands, and automated cooking functions meet modern consumer demands, enhancing the cooking experience and contributing to sales growth.
The rising demand for time-saving cooking solutions, especially among busy households, fuels market expansion. Features like preset cooking modes and the ability to cook multiple dishes simultaneously offer convenience, further stimulating market acceptance.
Market Segmentation
Breakup by Product Type:
Round: Holds the largest market share, offering even heat distribution and versatile cooking capabilities suitable for slow cooking, steaming, and sautéing. For instance, the Instant Pot Duo introduced a compact round design enhancing storage and functionality.
Cube
Others
Breakup by Application:
Home Use: Represents the largest demand segment by streamlining meal preparation through multifunctional devices that save time and kitchen space.
Restaurants
Others
Breakup by Distribution Channel:
Electrical Goods Retailers: The largest segment providing a wide range of brands and models, available both in physical and online stores, boosting market revenue.
Supermarkets/Hypermarkets
Departmental Stores
Homeware Stores
Online
Others
Regional Insights
North America dominates the multi cooker market, driven by high consumer demand for convenient cooking solutions and strong adoption of smart kitchen devices. The region benefits from innovative product launches by brands like Instant Pot, reinforcing leadership globally.
Recent Developments & News
March 2024: Gourmia introduced the Versia, an all-in-one air fryer, grill, panini maker, and multicooker with 14 one-touch cooking functions, optimizing kitchen counter space.
August 2024: Crock-Pot launched the MultiMeal Multicooker featuring dual 3.7-quart pots with separate temperature controls, enabling simultaneous cooking and dishwasher-safe convenience.
September 2024: Xiaomi released the Mijia Rice Cooker N1 with nine cooking modes, quick 28-minute cooking, and advanced temperature control, catering to tech-savvy users.
Key Players
Philips
Morphy Richards
KitchenAid
Fagor
Breville
Tefal
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