Multi-Cooker Market

By Product;

Round, Cube and Others

By Application;

Restaurants, Home Use and Others

By Distribution Channel;

Electrical Goods Retailers, Supermarkets & Hypermarkets, Departmental Stores, Homeware Stores, Online and Others

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn514464799 Published Date: September, 2025 Updated Date: November, 2025

Multi-Cooker Market Overview

Multi-Cooker Market (USD Million)

Multi-Cooker Market was valued at USD 977.68 million in the year 2024. The size of this market is expected to increase to USD 2,107.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.6%.


Multi-Cooker Market

*Market size in USD million

CAGR 11.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)11.6 %
Market Size (2024)USD 977.68 Million
Market Size (2031)USD 2,107.87 Million
Market ConcentrationLow
Report Pages384
977.68
2024
2,107.87
2031

Major Players

  • Koninklijke Philips N.V
  • Electrolux AB
  • Whirlpool Corporation
  • Samsung
  • TTK Group
  • Glen Dimplex Group

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Multi-Cooker Market

Fragmented - Highly competitive market without dominant players


The Multi-Cooker Market is witnessing rapid growth as households increasingly embrace appliances that combine multiple cooking functions into one compact solution. More than 60% of consumers now favor these devices for their ability to pressure cook, steam, fry, and slow cook with ease. This versatility not only saves time but also meets the modern demand for convenience in everyday cooking.

Shift Toward Smart and Automated Cooking
Advancements in smart cooking technology are fueling this momentum, with approximately 55% of buyers choosing multi-cookers equipped with digital controls, pre-programmed settings, and app connectivity. Features like Wi-Fi integration and voice assistant compatibility are redefining the kitchen experience, making cooking more intuitive and efficient.

Energy Efficiency and Cost Effectiveness
In addition, energy efficiency has become a key motivator, with around 50% of households valuing the reduced energy consumption and cost-saving benefits of multi-cookers. Compared to traditional cooking methods, these appliances save both electricity and time, positioning them as an economical choice for middle-income families.

Rising Influence of E-commerce Channels
The rise of e-commerce platforms further strengthens the market, with nearly 65% of purchases made online. Digital channels enhance product visibility, enable easy comparison, and encourage brand competition, ensuring consumers have access to innovative options at competitive prices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Multi-Cooker Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Convenient Cooking Solutions
        2. Rising Trend of Home Cooking
      2. Restraints
        1. High Initial Cost
        2. Perceived Complexity
      3. Opportunities
        1. Product Innovation and Differentiation
        2. Rising Online Retail Sales
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Multi-Cooker Market, By Product, 2021 - 2031 (USD Million)
      1. Round
      2. Cube
      3. Others
    2. Multi-Cooker Market, By Application, 2021 - 2031 (USD Million)
      1. Restaurants
      2. Home Use
      3. Others
    3. Multi-Cooker Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Electrical Goods Retailers
      2. Supermarkets & Hypermarkets
      3. Departmental Stores
      4. Homeware Stores
      5. Online
      6. Others
    4. Multi-Cooker Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Philips
      2. Tefal (Groupe SEB)
      3. Breville Group Limited
      4. KitchenAid (Whirlpool Corporation)
      5. Panasonic Corporation
      6. Midea Group
      7. Instant Brands (Instant Pot)
      8. Morphy Richards
      9. Ninja (SharkNinja)
      10. Cuisinart (Conair Corporation)
      11. Fagor America
      12. Kenwood Limited (De’Longhi Group)
      13. Redmond Company
      14. Hamilton Beach Brands, Inc.
      15. Supor (Zhejiang Supor Co., Ltd.)
  7. Analyst Views
  8. Future Outlook of the Market