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HomePress ReleaseEIN PresswireAsia-Pacific Electric Rice Cooker Market will Grow at 9.8% CAGR to Surpass...

Asia-Pacific Electric Rice Cooker Market will Grow at 9.8% CAGR to Surpass $4,310.7 Million by 2031


Asia-Pacific Electric Rice Cooker Market

The usual section dominated the worldwide market in 2020, and is predicted to retain its dominance all through the forecast interval.

Participation of females in paid work power and upsurge in affordability of family home equipment are few of the components to assist the market progress.”

— Roshan Deshmukh

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, October 23, 2023 /EINPresswire.com/ — 𝐓𝐡𝐞 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐫𝐢𝐜𝐞 𝐜𝐨𝐨𝐤𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟏,𝟒𝟗𝟗.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟎, 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟒,𝟑𝟏𝟎.𝟕 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟗.𝟖% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏.

In accordance to a brand new report printed by Allied Market Analysis, titled, “Asia-Pacific Electric Rice Cooker Market by Product and Distribution Channel: Alternative Evaluation and Trade Forecast, 2020-2031,”. The report gives an in depth evaluation of the highest funding pockets, high profitable methods, drivers & alternatives, market dimension & estimations, aggressive panorama, and altering market traits.

Request Pattern Copy of Report: https://www.alliedmarketresearch.com/request-sample/17369

The Asia-Pacific electrical rice cooker market progress is propelled by the surge in shopper inclination towards convenience-based merchandise out there. Busy life-style and rise in participation of ladies within the workforce in India since paste few years have resulted of their shift towards environment friendly and fewer time-consuming kitchen home equipment, reminiscent of electrical rice cooker. As well as, costs of cooking gasoline have been on a major improve previously, which has led clients to shift to efficient alternate options by way of value, comfort and effectivity. Electric rice cooker is value efficient, handy and environment friendly various to gas-based rice cookers, due to which the Asia-Pacific electrical rice cooker market demand is probably going to develop within the close to future. The Asia-Pacific electrical rice cooker market is segmented on the premise of product, distribution channel, and nation.

By product, the Asia-Pacific electrical rice cooker market is categorized into normal, multi-functional, and induction. Electric rice cooker is most generally utilized in family functions due to the busy life-style of the customers and the environment friendly operations of rice cooker, which permits the customers to cook dinner rice and rice specialty merchandise with out a lot handbook interventions. On the premise of distribution channel, it’s categorized into grocery store/hypermarket, comfort shops, e commerce, and others. The grocery store/hypermarket section led the Asia-Pacific electrical rice cooker market by way of distribution channel and is estimated to develop at a CAGR of 9.4% in the course of the forecast interval. The section is predicted to attain $2,069.6 million by 2030.

The e-commerce section is probably going to be the quickest rising section in the course of the forecast interval. Rise in variety of customers searching for handy life-style and improve in penetration of smartphones among the many customers within the area is anticipated to drive e-commerce distribution channel section within the Asia-Pacific electrical rice cooker market. On the premise of nation, the market is analyzed throughout China, Japan, India, South Korea, Australia, and remainder of Asia-Pacific. China led the marketplace for electrical rice cooker regionally. This may be attributed to the growth of retail distribution channel and rise in disposable revenue among the many customers within the nation. Rice is a staple meals in majority of the international locations within the Asia-Pacific area, which additional contributes towards the expansion of the electrical rice cooker market within the area.

Purchase Now Full Report: https://www.alliedmarketresearch.com/checkout-final/a195e863789ca418eef36774af28f453

This report presents a quantitative evaluation of the present Asia-Pacific electrical rice cooker market traits, estimations, and dynamics of the worldwide Asia-Pacific electrical rice cooker market from 2020 to 2031 to establish the prevailing market alternatives. The Asia-Pacific electrical rice cooker trade is segmented on the premise of product, distribution channel, and area. By product, it’s categorized into normal, multifunction, and induction. By distribution channel, it’s divided into grocery store/hypermarket, comfort shops, e commerce, and others. Nation sensible, it’s analyzed throughout China, Japan, India, South Korea, Australia, and remainder of Asia-Pacific.

The important thing gamers profiled on this report embrace AB Electrolux, Panasonic Company, Groupe SEB, Breville Group, TTK Status Ltd, Bajaj Electricals Restricted, Koninklijke Philips N.V., Ali Group Srl, Wonderchef Residence Home equipment Pvt. Ltd., and Newell Manufacturers (Oster).

Key Findings of the Examine:

• By product, the usual section dominated the worldwide market in 2020, and is predicted to retain its dominance all through the forecast interval.
• By distribution channel, Grocery store and hypermarket section accounted for highest share out there progress in 2020, and is projected to develop at a CAGR of 9.4% from 2022 to 2031.
• By nation, China accounted for the best Asia-Pacific electrical rice cooker market share in 2020, and is predicted to develop at a CAGR of 9.4%.

Key Advantages for Stakeholders:

• This report presents a quantitative evaluation of the present Asia-Pacific electrical rice cooker market traits, estimations, and dynamics of the worldwide Asia-Pacific electrical rice cooker market from 2020 to 2031 to establish the prevailing market alternatives.
• Key international locations within the area are mapped on the premise of their market share.
• Porter’s 5 forces evaluation highlights the efficiency of consumers and suppliers to allow stakeholders to make profit-oriented enterprise selections and strengthen their supplier-buyer community.
• In-depth Asia-Pacific electrical rice cooker market evaluation of the market segmentation assists in figuring out the prevailing market alternatives.
• Main international locations within the area are mapped in accordance to their income contribution to the worldwide trade. Market participant positioning section facilitates benchmarking and gives a transparent understanding of the current place of the market gamers.
• The report consists of evaluation of regional market, key gamers, market segments, areas, and progress methods.

Enquire Extra About this Report: https://www.alliedmarketresearch.com/purchase-enquiry/17369

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 “𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

○ Cookware Market is projected to attain $34.1 billion by 2030
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○ White Items Market Registering At A CAGR Of seven.8% From 2021-2027
https://www.alliedmarketresearch.com/white-goods-market-A06558

○ Cooking Hood Market Trade Evaluation, Measurement, Share, Development, Traits and Forecasts 2022-2029
https://www.alliedmarketresearch.com/cooking-hood-market-A08362

○ Non-stick Cookware Market Development Alternatives In International Trade By 2029
https://www.alliedmarketresearch.com/non-stick-cookware-market-A09402

David Correa
Allied Analytics LLP
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