Pressure Cooker Market Faces Competing Forecasts: Fortune at USD 8 B by 2030 vs. Industry Reports at USD 5.7 B—Highlighting Industry Disparity

Pressure Cooker Market Set to Double by 2032 on Convenience & Innovation Wave

Global Market Overview & CAGR

The global pressure cooker market was valued at USD 6.41 billion in 2024, and is projected to reach USD 12.58 billion by 2032, growing at a robust CAGR of 8.78% between 2025 and 2032. Key growth drivers include rising demand for smart and multifunction kitchen appliances, energy efficiency, and cooking time reduction.

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Market Size & Regional Demand

• Asia–Pacific led in 2024 with a 66.8% market share, due to high adoption in India, China, Nepal, and other countries.
• North America and Europe are accelerating growth in electric models, driven by smart home trends and digital cooking content.

Competitive Landscape
Major global players include Groupe SEB, Corelle Brands, Midea Group, TTK Prestige, Hawkins Cookers, Instant Brands (Instant Pot), Fissler, Prestige, Hawkins, and National Presto.

Higher Demand Region
Asia–Pacific leads in both market share and innovation, while North America enjoys faster growth in electric multicookers .

🇻🇳 Opportunity Growth in Vietnam

Vietnam’s market is expanding through urban adoption of multifunction cookers. Traditional stovetop models remain widespread, but demand is rising for electric, smart versions.

🇹🇭 Growth Opportunities in Thailand

Thailand’s pressure cooker market benefits from a growing middle class and busy households; companies are focusing on compact, reliable aluminum designs.

🇯🇵 Trends in Japan

Japan embraces high-tech pressure cookers with digital timers and safety interlocks. Compact, premium electric models are preferred by technology-oriented consumers.

🇰🇷 Opportunity Trends in South Korea

South Korea sees steady growth in electric pressure cookers, with cordless stainless steel models and smart connectivity gaining traction.

🇸🇬 Consolidation in Singapore

In Singapore, rising incomes and limited cooking space drive demand for multicookers. Brands import electric models with Wi‑Fi and app integration.

🇺🇸 Growth Trends in U.S.

The U.S. market thrives on Instant Pot-style multicookers. Smart, Wi‑Fi connected models dominate, supported by recipe content and brand partnerships.

🇨🇳 Growth Opportunity in China

China leads in electric stovetop pressure cookers and smart models. Manufacturers invest in sustainable materials and digital cooking content to capture rising middle-class consumers.

🇪🇺 Trends & Consolidation in Europe

Europe is witnessing increased uptake of electric pressure cookers. Focus is on energy-efficient stainless steel and aluminum models, with March 2023 bringing new multi-function releases .

Country-Specific M&A & Developments

• March 2023: Vesync Co. launched the COSORI 6‑Quart Pressure Cooker in the U.S., highlighting electric multicooker innovation.
• September 2022: TTK Prestige introduced the modular Svacch Flip‑on pressure cooker in India, reinforcing its market position .
• March 2019: Instant Brands merged with Corelle Brands, later re-emerging in November 2023 as Instant Pot Brands after restructuring .

Key Recent Developments

• Smart Features Surge: Pressure cookers now include Wi‑Fi, programmable recipes, safety interlocks, and digital timers .
• Sustainability Push: Brands prioritize energy-saving models, eco-friendly aluminum/stainless steel, and efficient manufacturing .
• Cooking Content & Education: Companies leverage digital platforms and influencer partnerships for recipe tutorials and cooking education .

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Pressure Cooker Market Segment Analysis:

by Material

Stainless Steel
Aluminum
Others

by Application

Household
Commercial

by capacity

1-2 liters
2-5 liters
5-8 liters
Above 8 liters

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Pressure Cooker Market Key Players:

1. Pressure Cooker Market
2. Zwilling
3. GROUPE SEB
4. Fissler
5. Panasonic Corporation
6. Koninklijke Philips N.V.
7. WMF Group
8. Midea Group Co., Ltd.
9. Zhejiang Supor Co., Ltd.
10. Qingdao Haier Co., Ltd.
11. Joyoung Co., Ltd.
12. Hawkins cookers limited
13. TTK Prestige
14. Corelle brands
15. National Presto Industries
16. Myer Pty
17. Conair corporation
18. Kuhn rikon

Summary Outlook

With a projected CAGR of ~10% and a doubling market size, pressure cookers are set to transform modern cooking globally. Asia–Pacific remains dominant, while North America and Europe shift toward electric, smart multicookers. Innovations in safety, connectivity, eco-design, and culinary education fuel consumer adoption, offering significant opportunities across all major markets.

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