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Market Overview of Global Pressure Cooker market:
According to our latest research, the global Pressure Cooker market looks promising in the next 5 years. As of 2022, the global Pressure Cooker market was estimated at USD 5503.5 million, and it's anticipated to reach USD 7446.02 million in 2028, with a CAGR of 5.17% during the forecast years.
Pressure Cooker is a sealed vessel used for pressure cooking. It works on a unique high temperature and pressure, greatly reducing the cooking time, saving energy.
Opportunities
Pressure cooking requires much less water than conventional boiling, so food can be ready sooner. Less energy is required than that of boiling, steaming, or oven cooking. Since less water or liquid has to be heated, the food reaches its cooking temperature faster. Using more liquid than necessary wastes energy because it takes longer to heat up; the liquid quantity is stated in the recipe. Pressure cookers can use much less liquid than the amount required for boiling or steaming in an ordinary saucepan. It is not necessary to immerse food in water. The minimum quantity of water or liquid used in the recipe to keep the pressure cooker filled with steam is sufficient. Because of this, vitamins and minerals are not leached (dissolved) away by water, as they would be if food were boiled in large amounts of water. Due to the shorter cooking time, vitamins are preserved relatively well during pressure cooking.
Not only is this steam energy transmitted quickly to food, it is also transmitted rapidly to any micro-organisms that are present, easily killing even the deadliest types that are able to survive at the boiling point. Because of this enhanced germ-killing ability, a pressure cooker can be used as an effective sterilizer for jam pots, glass baby bottles, or for water while camping. In fact, the autoclave, used in hospitals to sterilize surgical instruments, is really just a more precise and technical version of the ordinary pressure cooker.
A pressure cooker can be used to compensate for lower atmospheric pressure at high elevations. The boiling point of water drops by approximately 1 °C per every 294 meters of altitude (1 °F per every 540 feet (160 m) of altitude), causing the boiling point of water to be significantly below the 100 °C (212 °F) at standard pressure. Without the use of a pressure cooker, boiled foods may be undercooked.
Region Overview:
From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects.
Company Overview:
Midea is one of the major players operating in the Pressure Cooker market, holding a share of 11.95% in 2018.
Midea Group Co., Ltd. manufactures, markets and installs household electrical appliances, compressors and components. Midea also provides services in information technology, corporate investment consultation, software and hardware development, property management and corporate engineering supports.
Zhejiang Supor Co., Ltd. manufactures and markets cookware and home appliance products. The Company produces non-stick pans, pressure cookers, stainless steel cookware, rice cookers, air purifiers, thermos cups, and more
Segmentation Overview:
Among different product types, Electric Pressure Cooker segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Home Use segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Pressure Cooker market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Pressure Cooker Market Report:
Market Size Estimates: Pressure Cooker market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Pressure Cooker market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Pressure Cooker market
Segment Market Analysis: Pressure Cooker market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Pressure Cooker market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Pressure Cooker Market: Revenue and sales volume of major countries in each region
Pressure Cooker Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Pressure Cooker market in major regions.
Pressure Cooker Industry Value Chain: Pressure Cooker market raw materials & suppliers, manufacturing process, distributors, downstream customers
Pressure Cooker Industry News, Policies & Regulations
Key players in the global Pressure Cooker market are covered in Chapter 12:
Joyoung
ASD
Zwilling
SEB
Luby
Fissler
Panasonic
Double Happiness
Philips
SUPOR
Midea
In Chapter 2 and Chapter 15.1, based on types, the Pressure Cooker market from 2018 to 2028 is primarily split into:
Ordinary Energy Pressure Cooker
Electric Pressure Cooker
In Chapter 3 and Chapter 15.2, based on applications, the Pressure Cooker market from 2018 to 2028 covers:
Commercial Use
Home Use
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Pressure Cooker market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028