Straitsresearchtrendingreports: Electric Pressure Cooker Market Size to Reach USD 5,846.89 Million by 2033, Driven by Convenience and Smart Cooking Trends

The global electric pressure cooker market was valued at USD 4,520.50 million in 2024 and is expected to grow from USD 4,651.59 million in 2025 to approximately USD 5,846.89 million by 2033, expanding at a steady CAGR of 2.9% during the forecast period (2025–2033).

Electric pressure cookers have emerged as must-have kitchen companions in modern households, offering a perfect balance of speed, ease, and health-conscious cooking. As consumers seek efficient ways to prepare meals without compromising on nutrition or flavor, these smart cooking devices are experiencing strong demand across residential and commercial settings.

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Market Scope and Research Methodology

This report by Straits Research provides a comprehensive outlook on the electric pressure cooker market, covering industry trends, market dynamics, and growth forecasts for the period 2025 to 2033. The study uses a data-driven approach, supported by quantitative and qualitative insights, derived from primary interviews with industry stakeholders and secondary data sources, including corporate publications, industry databases, and government reports.

The research analyzes market behavior across segments such as type, application, distribution channel, material, and geography, offering stakeholders an in-depth understanding of current performance and future potential.

Segmentation Analysis

By Type

Mechanical Timer: Dominates the market due to its simplicity, durability, and ease of use. These models appeal to traditional consumers who prefer manual controls.
Digital / Programming: These technologically advanced cookers offer programmable features, allowing precise control over pressure, temperature, and cooking time. They are ideal for tech-savvy users looking for customization and convenience.

By Application

Residential Use: Increased urbanization, compact living spaces, and rising awareness of healthy cooking methods have made electric pressure cookers a staple in homes across the globe.
Commercial Use: Widely used in restaurants, catering services, and hotels for bulk food preparation. These appliances allow chefs to multitask efficiently while ensuring consistent results.

By Distribution Channel

Online Retail: Currently holds the largest share. E-commerce provides consumers with extensive product variety and reviews, aiding informed decision-making.
Specialty Retail Stores: Offers an interactive buying experience where consumers can test features, receive expert guidance, and physically compare products.

By Material

Stainless Steel: Preferred for its durability, heat retention, and non-reactive properties, making it ideal for cooking all food types, including acidic dishes.
Aluminum: Valued for its affordability and quick heat conduction, aluminum pressure cookers remain popular among budget-conscious consumers.

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Regional Insights

Asia-Pacific Leads the Market with 3.0% CAGR

Asia-Pacific remains the dominant region in the electric pressure cooker landscape, driven by a massive population base and growing disposable incomes. Countries like China, India, and Japan are witnessing rising demand due to urbanization and evolving lifestyle preferences. The widespread consumption of rice and staple grains further propels market demand in this region.

Increased internet penetration—over 76% in both Western and Eastern Asia—has also boosted demand for smart kitchen devices, including Wi-Fi-enabled electric pressure cookers. The strong presence of domestic brands such as Midea, Supor, and Haier contributes to the region’s leadership.

Europe: Fastest Growing Region (2.8% CAGR)

Europe's market growth is fueled by environmental regulations encouraging the use of energy-efficient kitchen appliances. A strong trend toward replacing outdated kitchenware with modern, smart appliances is noticeable in both Western and Eastern Europe. Consumers here also display higher purchasing power and willingness to invest in high-quality kitchen gadgets.

Key Market Players

GROUPE SEB
Zwilling
Fissler
Koninklijke Philips N.V.
Panasonic Corporation
WMF Group
Zhejiang Supor Co., Ltd.
Midea Group Co., Ltd.
Joyoung Co., Ltd.
Qingdao Haier Co., Ltd.

Frequently Asked Questions (FAQs)

1. What is the current market size of the electric pressure cooker industry?

The market was valued at USD 4,520.50 million in 2024 and is projected to reach USD 5,846.89 million by 2033.

2. What is driving the growth of the electric pressure cooker market?

The demand is driven by time-saving features, convenience, and a growing interest in health-conscious cooking.

3. Which region holds the largest market share?

Asia-Pacific holds the largest market share due to its large population and rising disposable income.

4. What are the major segments of the market?

The market is segmented by type (mechanical timer, digital/programming), application (residential, commercial), material (stainless steel, aluminum), and distribution channel (online, specialty retail).

5. Who are the key players in this market?

Major players include Groupe SEB, Midea Group, Philips, Panasonic, Supor, and Haier.

6. What are the key challenges for market growth?

High upfront costs of premium electric pressure cookers remain a constraint, especially in price-sensitive regions.

7. How is e-commerce impacting the market?

Online platforms have significantly enhanced product accessibility and visibility, supporting rapid market expansion.