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Global Commercial Electric Rice Cookers Market to Reach US$ 432.7 Million by 2029

The global Commercial Electric Rice Cookers market is projected to achieve a valuation of USD 432.7 million by 2029. This growth comes after the market was valued at USD 444.1 million in 2022, despite facing challenges such as economic fluctuations, the impact of COVID-19, and the Russia-Ukraine War. The market is expected to exhibit a Compound Annual Growth Rate (CAGR) of -0.6% during the period from 2023 to 2029.

Market Dynamics

Commercial Electric Rice Cookers are an integral part of the foodservice industry, primarily used in restaurants, hotels, and various other food establishments. The market has experienced fluctuations in recent years due to factors like economic conditions and global events.

Key Manufacturers

Prominent players in the Commercial Electric Rice Cookers industry include Midea, Joyoung, Supor (SEB), Cuckoo, TIGER, Zojirushi, Panasonic, AUX, Royalstar, and more. In 2022, the top 3 players ensured a significant supply worldwide.

Regional Consumption

In 2022, the majority of Commercial Electric Rice Cookers, by volume, were sold in North America, Europe, and the Asia Pacific. Notably, China played a pivotal role in the global Commercial Electric Rice Cookers market and is expected to continue attracting attention from industry insiders and investors.

Report Scope

This report offers comprehensive insights into the global Commercial Electric Rice Cookers market by providing historical analysis from 2018 to 2022 and forecast calculations from 2023 to 2029. It aims to provide readers with a well-rounded understanding of the market, supporting strategic decision-making.

Market Segmentation

The report segments the market by company, including key manufacturers, and analyzes competition patterns. It also offers country-level sales analysis, insights into product types, applications, and outlines manufacturers’ profiles. Furthermore, it delves into industry chains, market channels, and customer analysis, identifying market opportunities and challenges.

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