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Pressure Cooker Market

Pressure Cooker Market was valued at USD 5.90 Bn. in 2023. Global Pressure Cooker Market size is expected to grow at a CAGR of 8.78 % through the forecast period.<br>

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Pressure Cooker Market

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  1. Pressure Cooker MarketGlobal Analysis Report 2024-2030 Published by: MANASI, SENIOR RESEARCH ANALYST

  2. Market Size & Overview: The global pressure cooker market was valued at USD 5.90 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.78% through 2030. Pressure cookers are sealed vessels that cook food quickly by trapping steam, which raises the boiling point of water and reduces cooking times by approximately 30% compared to traditional methods. This efficiency has led to increased adoption among consumers seeking time-saving cooking solutions.

  3. Market Growth & Opportunities The market is experiencing significant growth due to several factors: • Urbanization and Busy Lifestyles: Rapid urbanization and hectic schedules are driving demand for appliances that offer convenience and time savings. • Health Consciousness: Pressure cooking preserves nutrients better than traditional methods, appealing to health-conscious consumers. • Energy Efficiency: Pressure cookers consume less energy, aligning with the growing preference for energy-efficient household appliances.These trends present opportunities for manufacturers to innovate and cater to the evolving needs of consumers. Sample Request

  4. Market Segmentation by Application • Household • Commercial by Material • Stainless Steel • Aluminum • Others by capacity • 1-2 liters • 2-5 liters • 5-8 liters • Above 8 liters

  5. Regional Analysis: • North America: The North American market is expanding due to a growing preference for time-saving cooking appliances and an increasing number of working professionals. • Europe: In Europe, the market is driven by a focus on healthy eating and the adoption of energy-efficient kitchen appliances. • Asia Pacific (APAC): The APAC region is experiencing rapid growth, fueled by rising disposable incomes, urbanization, and a shift towards modern cooking methods.

  6. Regional Analysis Customized Report Request

  7. Merges and Acquisition • Tefal's Acquisition of Rowenta: Tefal acquired Rowenta to expand its presence in the kitchen appliance market, which includes pressure cookers, combining innovation from both brands. • Hamilton Beach Brands, Inc. Acquisition: Hamilton Beach acquired several brands in the kitchen appliance sector to enhance its product portfolio, including electric pressure cookers, allowing the company to expand its reach in North America. • Panasonic Corporation’s Merger with Sanyo Electric: This merger enabled Panasonic to enhance its product lineup with advanced electric pressure cookers, catering to the increasing consumer demand for smart kitchen appliances. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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