Product ID: SQSG30K2003
Global Pressure Cooker Market Size, Share, Growth Analysis, By Material(Aluminum, Brass), By Capacity(1-2 Litres, 2-5 Litres), By Application(Household, Commercial) - Industry Forecast 2024-2031
Report ID:
SQSG30K2003 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
91 |
Figures:
75
Global Pressure Cooker Market Insights
Pressure Cooker Market size was valued at USD 4.57 billion in 2019 and is poised to grow from USD 4.9 billion in 2023 to USD 9.16 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
The urban population's growing demand for a busy lifestyle is anticipated to boost the expansion. The use of gas and electricity, as well as pressure cookers, helps conserve the energy needed for cooking. In the near future, it is projected that these variables will have a beneficial impact on product demand.
Compared to other cooking methods, a pressure cooker can cut the cooking time by about 70%. It aids in the creation of complex, rich flavours while also preserving nutrients. It may also aid in gas and power conservation, depending on the kind. It is projected that consumer awareness of these benefits would increase demand for gas and electric pressure cooker goods, which will in turn propel pressure cooker market expansion in the near term.
The government's Pradhan Mantri Ujjwala Yojana, which has a budget of INR 12,800 crore designated for providing LPG connections throughout rural India, can also be blamed for the predicted rise in the industry for the upcoming years. The use of contemporary pressure cookers is projected to increase in the near future thanks to the various designs and advancements made by producers in the pressure cooker business.
US Pressure Cooker Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Pressure Cooker Market Report Snapshots
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