Pressure Cooker Market to Reach USD 12.65 billion by 2032; Cooking-related Educational Content Offered by Companies to Sustain Market Growth

The global pressure cooker market size was valued at USD 5.94 billion in 2024. The market is projected to grow from USD 6.46 billion in 2025 to reach USD 12.65 billion by 2032, exhibiting a CAGR of 10.08% during the forecast period.

Fortune Business Insights™ displays this information in its latest report titled “Pressure Cooker Market Size, Share & Industry Analysis, By Type (Single Purpose and Multi-Purpose), By Capacity (1-2 Liters, 2-5 Liters, 5-8 Liters, and Above 8 Liters), By Application (Household and Commercial), and Regional Forecast, 2025-2032”.

People are using these cookers and other kitchen appliances on a large scale to cater to their daily cooking needs. Apart from the residential sector, these cookers are finding robust applications in the commercial sector as well due to the growing chain of restaurants across the world. Many leading companies are launching advanced versions of these products to meet a wide range of customer requirements. For example, Vesync Co., in March 2023, announced the launch of its COSORI 6-Quart Pressure Cooker, a multifunctional appliance in the American market. These innovations will expand the pressure cooker market share.

COVID-19 Forced Crockery Stores to Shut Shop, Decreasing Product Sales

The COVID-19 pandemic negatively affected the global pressure cooker market growth as several crockery stores and supermarkets were forced to shut their operations. This severely impacted the sales of pressure cookers. Restaurants, hotels, cafes, and other commercial settings were also shut down during this period due to these restrictions, further slumping the product's consumption, and decelerating the growth global market share.

Companies Offer Cooking-related Educational Content to Customers, Boosting Market Growth

Companies involved in the market are focusing on providing in-depth cooking-related educational content with the help of their digital platforms to help their customers learn new recipes. These initiatives are expected to support the demand for pressure cookers. These firms are also offering attractive discounts on a regular basis to maintain their customer base and attract new ones, thereby fueling the global market share.

Product Discounts and Modifications Adopted by Companies to Boost Market Competition

Some of the key players operating in the market are offering a wide range of innovative electronic kitchen appliances to expand their revenue margins and maintain their competitive edge. This factor is predicted to accelerate the market growth.

Notable Industry Development:

• February 2022: Crompton Greaves Consumer Electricals Limited, an Indian electric device manufacturer, announced that it had invested around USD 251.53 million to acquire Gandhimathi Appliances Ltd, an Indian kitchen appliances producer, to expand its business operations in the Indian small domestic appliances industry.

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https://www.fortunebusinessinsights.com/pressure-cooker-market-103871

List of the Companies Profiled in the Report:

• Groupe SEB (France)
• Corelle Brands LLC (U.S.)
• Fissler GmbH (Germany)
• Midea Group (China)
• National Presto Industries, Inc. (U.S.)
• TTK Prestige Limited (India)
• Hawkins Cookers Limited (India)
• Myer Pty Ltd. (Australia)
• Wisconsin Aluminum Foundry Co. (U.S.)
• Conair Corporation (U.S.)
• Kuhn Rikon (Switzerland)

Further Report Findings

• The North America market share is anticipated to grow faster due to the robust demand for electric pressure cooking appliances among the U.S. and Canadian consumers. In July 2019, Instant Brands Inc. sold more than 300,000 electric instant cookers from its Amazon platform in the U.S. In addition to this, the rising popularity of baking & cooking trends among American and Canadian consumers is expected to further support the consumption rate of these cookers across the region.
• The South America market share is also increasing at a steady rate due to the launch of a variety of advanced cookers by leading manufacturers, such as Midea Group, Groupe SEB, and others in Chile and Brazil. For example, in September 2020, Arno, a cooking appliances brand owned by Groupe SEB, announced the launch of a futuristic electric pressure cooking appliance in Brazil. This product is equipped with a digital touchscreen and comes in capacities such as 2.5 liters and 4.8 liters with 11 different safety features.
• The multi-purpose cooker segment is expected to boost the market growth during the forecast period as the demand for smart home appliances is rising among customers. These customers are also witnessing a notable increase in their average disposable incomes, which has further boosted the sales of these cookers. The shifting customer preference toward time-saving and multifunctional electronic kitchen appliances will support the segment’s growth over the coming years.
• The 1-2-liters segment is anticipated to expand at a faster rate due to the growing number of single-person households across the globe. As more people are moving into these apartments, the demand for these cookers has risen considerably. These appliances can suffice the cooking needs of single and two-person families. According to data presented by the European Union, between 2010 and 2020, single-person families in Europe grew by 20%. These factors will boost the product adoption in the future.

Table of Segmentation