Industrial Rice Cooker Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
An industrial rice cooker is a counter top kitchen appliance used in cooking large rice quantities with minimum supervision. Its a simple to use efficient appliance made up of a non-stick bowl, thermostat control and heating component. They can be either electric industrial rice cookers or gas industrial rice cookers. Cookers vary depending on their source of heat, capacity and controls.
Rice cookers automate the gas cooking process as they utilize electricity or gas to control time and heat in the cooking process while cooks only need to measure the amount of rice, wash it and pour into the right amounts of water. On fully cooking, the appliance is able to turn itself into keep warm state to avoid overcooking of the rice.
Consumers are opting for convenience of industrial rice cookers over prices as they are efficient and they save time. Supermarkets and retail stores sell most of the appliances hence having a higher share of the market. The Asia-Pacific region is the prominent market for industrial rice cookers having taken up the maximum share of the market. China is the biggest rice consumer as rice is the countrys staple food together with other Asia-Pacific regions like Japan, India, Indonesia, Vietnam, etc.
Rice cookers are commercially applied in restaurants, caterers, hotels and hostels.
Industrial Rice Cooker Market Growth and Trends
Now you can have ready to cook, tasty and delicious rice meals with your favourite sausage. The credit for this goes to the peaking up market for industrial rice cookers. These electronic appliances facilitate the seamless cooking of brown and white rice varieties, pasta, macaroni, vegetables, oatmeal etc. Today, many industries and food enthusiasts prefer rice cookers as opposed to traditional cooking utensils. The reasons for the same are mentioned hereby:
- Urbanization and accelerating population catalyses the utility of rice cookers in prominent industries and households. In fact, many customers of this product have a busy schedule. Thus, it makes it convenient for them to cook their dishes in their devices which require minimal monitoring.
- Besides, rice features as one of the staple crops in the world. Global farming produces nearly 700 million metric tons of rice every year. This makes it one of the most popular and consumable products in both developed and developing nations.
- In addition, innovation in rice cooker fabrication attracts more potential customers for their amplifying market.
- Many consumers, especially those located in European and American countries prefer brown rice. Industrial rice cookers are an excellent cooking utensil for the preparation of this delicacy.
- Finally, Rice cookers are affordable electronic appliances and this makes it popular among all. These equipment work on minimum running cost and aim to deliver maximum efficiency.
Challenges to Industrial Rice Cooker Market
Despite incredible benefits, here are some minor demerits of industrial rice cookers. These restraints may also hamper their future growth.
- Industrial rice cookers are expensive and not unaffordable by low income groups.
- The declining rice productivity is an alarming signal for their diminishing market.
- Lack of warehouses for rice storage could be challenging in some areas.
Industrial Rice Cooker Market Regional Analysis
Industrial Rice Cooker Market Share and Competition
Key companies operating in this industry are: ABM Food Equipment, Aroma Housewares Company, BLACK+DECKER Inc., Dubick Fixture & Supply, Inc., Hamilton Beach Brands, Inc., KaTom Restaurant Supply, Inc., Krishna Allied Industries Pvt. Ltd., Paloma Co., LTD., Panasonic Corporation, Thunder Group Inc., TIGER CORPORATION U.S.A., WINCO FOODS , and Zojirushi America Corporation.
Industrial Rice Cooker Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Gas
• Electric
Distribution Channel Analysis (Revenue, USD Million, 2020 - 2027)
• Direct Sales (OEM)
• Indirect Sales
End-user Analysis (Revenue, USD Million, 2020 - 2027)
• Canteens
• Hotels
• Hostels
• Caterers
• Industrial Canteens
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Industrial Rice Cooker Market Companies
• ABM Food Equipment
• Aroma Housewares Company
• BLACK+DECKER Inc.
• Dubick Fixture & Supply, Inc.
• Hamilton Beach Brands, Inc.
• KaTom Restaurant Supply, Inc.
• Krishna Allied Industries Pvt. Ltd.
• Paloma Co., LTD.
• Panasonic Corporation
• Thunder Group Inc.
• TIGER CORPORATION U.S.A.
• WINCO FOODS
• Zojirushi America Corporation
Available Versions: -
United States Industrial Rice Cooker Market Research Report
Europe Industrial Rice Cooker Market Research Report
Asia Pacific Industrial Rice Cooker Market Research Report
India Industrial Rice Cooker Market Research Report
