Gas And Electric Pressure Cooker Market Summary

The global gas and electric pressure cooker market size was valued at USD 8.21 billion in 2023 and is projected to grow significantly, reaching USD 12.74 billion by 2030, expanding at a CAGR of 6.5% from 2024 to 2030. The anticipated growth is largely attributed to the increasing popularity of these appliances among urban consumers, who are driven by fast-paced lifestyles and rising purchasing power. These cookers offer notable time-saving benefits and energy efficiency, making them highly appealing to a broad demographic. Their ability to reduce cooking time while retaining nutritional value and enhancing flavor profiles has significantly boosted their adoption and contributed to overall market expansion.

The continuous evolution of product innovation and intensified research and development efforts by key market participants are key contributors to market growth. The integration of new technologies and materials, such as ceramic coatings and hard anodized aluminum, is helping manufacturers cater to the rising demand for safer, more durable cookware. In addition, advanced features like programmable cooking functions, automatic pressure release buttons, and energy-saving systems have attracted widespread consumer interest. The growing application of pressure cookers in various commercial settings—including restaurants, cloud kitchens, takeout outlets, hotels, resorts, and institutional kitchens—has further fueled market demand across different customer segments.

Key Market Trends & Insights

• In terms of material composition, the stainless steel segment led the market in 2023, accounting for a significant revenue share of 62.9%. Stainless steel remains the most preferred material for manufacturing gas and electric pressure cookers due to its resilience against prolonged exposure to heat, pressure, and mechanical stress. It also provides excellent resistance to scratches, corrosion, and rust, making it ideal for long-term use. The durability and aesthetic appeal of stainless steel also contribute to its dominance in the pressure cooker market.
• By application, the residential segment held the largest revenue share in 2023. The increasing accessibility of gas and electricity, ease of use, and advancements in kitchen appliance technologies for home settings have driven demand in this segment. Modern households are increasingly adopting these appliances to simplify meal preparation and enhance culinary efficiency, which further promotes market growth in residential applications.
• The offline distribution channel was the leading segment in 2023, driven by the widespread availability of gas and electric pressure cookers across physical retail platforms such as hypermarkets, supermarkets, departmental stores, and specialty kitchenware shops. These outlets offer consumers a variety of models, capacities, and designs, along with hands-on interaction and instant purchase options—factors that support higher offline sales and help drive overall market performance.
• Regionally, North America is projected to experience substantial growth in the gas and electric pressure cooker market during the forecast period. The region's market expansion is being driven by increasing demand from both residential and commercial end users. Moreover, the trend of introducing technologically advanced and user-friendly products tailored to the preferences of North American consumers is helping drive regional sales and market share.
• The U.S. remained the dominant contributor to the North American market in 2023, primarily due to the frequent introduction of innovative product offerings designed to meet diverse culinary needs. Manufacturers continue to focus on delivering multifunctional, high-efficiency models to appeal to a wide spectrum of consumers across the country.
• The Asia Pacific region led the global market in 2023, accounting for a substantial 35.6% share. This dominance is attributed to the massive population base in countries like China and India, where food and home cooking hold significant cultural value. Increasing disposable income, evolving lifestyles, and heightened demand for convenient cooking solutions have further contributed to the rising adoption of gas and electric pressure cookers in this region.
• In China, which held a significant share of the Asia Pacific market in 2023, rapid urbanization and changing consumer habits have been instrumental in driving demand. The availability of advanced product features, combined with convenience and performance, has made gas and electric pressure cookers a preferred kitchen appliance for many Chinese households.

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Market Size & Forecast

• 2023 Market Size: USD 8.21 billion
• 2030 Projected Market Size: USD 12.74 billion
• CAGR (2024-2030): 6.5%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights

Prominent players in the gas and electric pressure cooker market include Koninklijke Philips N.V., Panasonic Holdings Corporation, SharkNinja Operating LLC, Midea Group, Groupe SEB, TTK Prestige Limited, and others. Rising demand for kitchen appliances, fueled by increasing disposable income and ongoing technological innovation, has led these companies to invest heavily in research and development, product diversification, and strategic partnerships to expand their market presence globally.

TTK Prestige Limited, a major player in the kitchenware segment, offers a wide portfolio of electric pressure cookers with varying capacities and functionalities, including models such as the Prestige Delight PRWO Electric Rice Cooker (White), 1.4 Litre, and the Prestige Flip-on Tri-ply Stainless Steel Pressure Cooker. The brand’s commitment to performance, safety, and convenience continues to strengthen its position in the market.

Koninklijke Philips N.V. (Philips), a renowned Dutch multinational corporation, also provides an array of electric pressure cookers under its consumer electronics and appliances division. Models such as the Avance Collection and Viva Collection are designed to simplify cooking while maintaining food quality, aligning with the brand’s mission to offer innovative, user-friendly solutions across global markets.

Key Players

• Koninklijke Philips N.V.
• Panasonic Holdings Corporation
• SharkNinja Operating LLC
• Midea Group.
• Groupe SEB
• TTK Prestige Limited
• Hawkins Cookers Limited
• Breville Site.
• Mueller Industries
• SENSIO HOME

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Conclusion

The global gas and electric pressure cooker market is poised for consistent growth through 2030, supported by technological advancements, evolving consumer lifestyles, and rising disposable incomes across key regions. The increasing demand for energy-efficient, time-saving cooking appliances in both residential and commercial spaces underscores a strong market outlook. Key players are leveraging product innovation and strategic partnerships to meet consumer expectations. With Asia Pacific continuing to lead the global market and North America showing promising growth, the industry is well-positioned to thrive. The continued focus on safety, durability, and multifunctionality will remain central to the market’s expansion over the forecast period.