Pressure Cooker Market Analysis and Forecast to 2033: By Material Capacity (Aluminum, Brass, Stainless Steel, Hard Anodized Aluminum), Capacity (Up to 3 Litres, 1 -5 Litres, Above 5 Litres), and Region

The pressure cooker market size was USD 5.3 billion in 2023 and is anticipated to reach USD 10.3 billion in 2033, growing at a rate of 6.7% from 2024 to 2033.

A pressure cooker is a kitchen appliance that cooks food quickly under high pressure. Pressure cookers have been around for centuries, but they became popular in the United States after World War II. Pressure cookers work by trapping steam inside the pot. The steam increases the pressure inside the pot, which raises the boiling point of the water. This allows the food to cook faster than it would at a lower pressure.

Market Scope and Report Structure
Report Attribute Details
Historic Period2017-2022
Forecast Period2024-2033
Base Year2023
Segments CoveredMaterial Type, Capacity, and Region
Key CompaniesSinbo, Silit, Hawkins, TTK Prestige, Kuhn Rikon, Zwilling, Fissler, Philips, Panasonic, and Instant Pot.
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, and Middle East and Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Size in 2023$ 5.3 Bn
Growth Rate (2024-33)6.7%
Market Size in 2033$ 10.3 Bn
Key Trends and Key Drivers

One of the key trends in Pressure Cooker technology is the development of multi-functional cookers. These cookers can be used to prepare a variety of foods, including stews, soups, and rice dishes. They often have multiple cooking settings, so that they can be used to prepare food at different temperatures.

Another key trend is the development of pressure cookers with automatic shut-off features. This feature is designed to prevent food from overcooking and to make the cooking process easier and safer.

The key drivers of the Pressure Cooker market are the growing demand for healthy and nutritious food, the need for faster cooking times, and the desire for more energy-efficient cooking methods.

Pressure cookers have seen a resurgence in popularity in recent years as consumers become more interested in healthy cooking methods that preserve nutrients and cook food quickly. Pressure cookers are also more energy-efficient than other cooking methods, which is another key driver of market growth.

Restraints & Challenges

One of the key restraints in the Pressure Cooker market is the need for a constant and reliable source of energy. Pressure cookers require a stove or other heat source in order to function, and if there is an interruption in the supply of energy, the cooker will not work. This can be a particular problem in areas where power outages are common, or where fuel is scarce.

Another restraint is the need for careful use. Pressure cookers can be dangerous if not used properly, and there is a risk of explosion if the pressure inside the cooker becomes too high. This means that people need to be properly trained in how to use a pressure cooker before they can safely use one.

Finally, pressure cookers can be expensive, and this can be a barrier to entry for some people. Pressure cookers are not essential kitchen equipment, and so people may be reluctant to invest in one if they can get by without one.

COVID-19 Impact

Pre-COVID-19 Pandemic Scenario

Before the COVID-19 pandemic, the pressure cooker market was experiencing steady growth. The demand was primarily driven by urbanization, rising disposable incomes, and a growing preference for home-cooked meals due to health consciousness.

COVID-19 Pandemic Scenario

The COVID-19 pandemic significantly altered consumer behavior and market dynamics across various sectors, including the pressure cooker market. As lockdowns and stay-at-home orders were implemented worldwide, there was a noticeable shift in consumer habits. With restaurants closed and people spending more time at home, there was a surge in home cooking. Pressure cookers, known for their efficiency and ability to prepare meals quickly, became increasingly popular. For example, sales data from Amazon in the United States indicated a 70% increase in pressure cooker sales during the initial months of the pandemic compared to the same period in the previous year. The pandemic disrupted global supply chains, leading to shortages and delays in the availability of pressure cookers. Manufacturing plants faced shutdowns or operated at reduced capacities due to safety protocols, impacting production. According to a report by the International Housewares Association, 60% of home appliance manufacturers experienced significant supply chain disruptions in 2020. The market witnessed a notable increase in pressure cooker sales. Data from NPD Group revealed that in the United States, sales of pressure cookers and related kitchen appliances grew by 25% in the first half of 2020 compared to the previous year.

Post-COVID-19 Pandemic Scenario

While dining out will resume, many consumers who discovered the benefits of home cooking during the pandemic are expected to continue the practice. This sustained interest in cooking at home will drive ongoing demand for pressure cookers. The heightened awareness of health and wellness will continue to influence consumer choices. Pressure cookers, which preserve nutrients and reduce cooking times, align with the health-conscious trend. The market will likely see increased demand for products that emphasize healthy cooking. The trend towards smart and connected kitchen appliances is expected to grow. Consumers will look for pressure cookers with advanced features like voice control, integration with smart home systems, and recipe apps.

Market Segmentation

The pressure cooker market is segmented by material type, capacity, and region.

Pressure Cooker Market By Material Type

By material type, the market is classified into aluminum, brass, stainless steel, hard anodized aluminum. The hard anodized aluminum segment dominated the market in 2023 and it is anticipated to be the fastest during the forecast period. The increasing popularity due to its enhanced durability and superior cooking performance. This material is highly resistant to corrosion and scratches, making it ideal for long-term use. Consumers are increasingly seeking pressure cookers that offer longevity and robustness, driving the demand for hard anodized aluminum models. Additionally, the material’s excellent heat distribution properties ensure even cooking, which is a significant factor for home chefs aiming for precision. As health consciousness rises, the non-reactive nature of hard anodized aluminum, which prevents food contamination, further boosts its appeal among consumers.

Pressure Cooker Market By Capacity

By capacity, the market is divided into up to 3 litres, 1 -5 litres, and above 5 litres. The up to 3 litres segment dominated the market in 2023 and it is anticipated to be the fastest during the forecast period. The segment’s growth is driven by its suitability for small to medium-sized families and individuals. This size offers a perfect balance between convenience and efficiency, catering to the growing trend of compact and versatile kitchen appliances. Urbanization and the rise of nuclear families have increased the demand for moderately sized cookware that can handle daily cooking needs without occupying too much storage space. Additionally, the 3-litre pressure cooker is ideal for preparing quick meals, aligning with the busy lifestyles of modern consumers who seek time-saving solutions in the kitchen.

Pressure Cooker Market By Region

By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world. North America has dominated the regional segment in 2023 and Asia Pacific is anticipated to be the fastest growing region in the coming years. Increasing awareness of healthy eating and the need for convenient cooking solutions are primary factors boosting the demand for pressure cookers. Consumers are increasingly inclined towards appliances that can prepare meals quickly while preserving nutrients, making pressure cookers an attractive option. Technological advancements and innovative product features, such as digital interfaces, multi-functionality, and safety enhancements, are also driving market growth. Additionally, the rising popularity of home cooking, spurred by the COVID-19 pandemic, has led to a surge in pressure cooker sales as more people seek efficient ways to prepare diverse cuisines at home. Environmental and economic factors are further influencing the market. The emphasis on energy efficiency and the desire to reduce cooking time and energy consumption align with the benefits of pressure cookers. Moreover, the presence of prominent brands and a well-established retail network, both online and offline, facilitates easier access to a variety of pressure cooker models, contributing to market expansion in North America.

Key Players

The key players in the Pressure Cooker Market are Sinbo, Silit, Hawkins, TTK Prestige, Kuhn Rikon, Zwilling, Fissler, Philips, Panasonic, and Instant Pot.

Recent Developments
  • In March 2023, Fresco has unveiled its KitchenOS platform, a comprehensive update of its smart kitchen software suite. In conjunction with this launch, the company announced that Instant Brands, the manufacturer of the renowned Instant Pot smart pressure cooker, will be the first to introduce the new KitchenOS with the Instant Pot Pro Plus. The revamped KitchenOS, which features updated firmware, apps, and smart recipes, is the culmination of a two-year project by the Dublin-based company. This new platform is designed to facilitate multi-appliance control and offer a personalized user experience.
  • In September 2022, Energy Efficiency Services Ltd. (EESL), a joint venture of public sector enterprises under the Ministry of Power, along with the International Solar Alliance (ISA), supported the first Modern Energy Cooking Forum 2022 in New Delhi. The forum, emphasizing electricity, batteries, and solar energy, was organized by the Modern Energy Cooking Services (MECS)—a UK Aid-funded global research program led by Loughborough University and the World Bank’s Energy Sector Management Assistance Programme (ESMAP)—in collaboration with their in-country partner, Finovista India. To reduce costs and raise awareness, EESL and the MECS Programme have agreed to collaborate on the large-scale initial deployment of over 20,000 electric pressure cookers and induction cooktops in India. This initiative aims to accelerate the acceptance and widespread adoption of modern electric cooking devices in Indian households. The forum also showcased the latest innovative electric and solar-powered cooking devices from entrepreneurs across India.
Pressure Cooker Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Pressure Cooker Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Pressure Cooker Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Pressure Cooker industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Pressure Cooker Market along with the current trends and future estimations to depict imminent investment pockets. The overall Pressure Cooker industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Pressure Cooker Market are also analyzed.
Frequently Asked Questions

Q1. How big is the Pressure Cooker Market?

Ans:  The pressure cooker market size was USD 5.3 billion in 2023 and is anticipated to reach USD 10.3 billion in 2033, growing at a rate of 6.7% from 2024 to 2033.

Q2. What is the Pressure Cooker Market growth rate?

Ans. The growth rate of the Pressure Cooker Market is 6.7%

Q3. Which region holds a major market share for the market?

Ans. North American holds a major market share in 2023.

Q4. Which segment accounted for the largest Pressure Cooker Market share?

Ans. By capacity, the up to 3 litres segment accounted for the largest Pressure Cooker Market share in 2023.

Q5. Who are the key players in the Pressure Cooker Market?

Ans. The key players in the Pressure Cooker Market are Sinbo, Silit, Hawkins, TTK Prestige, Kuhn Rikon, Zwilling, Fissler, Philips, Panasonic, and Instant Pot.

Q6. What is the factor driving the Pressure Cooker Market growth?

Ans. The major factor driving the growth of the market are growing demand for healthy and nutritious food, the need for faster cooking times, and the desire for more energy-efficient cooking methods.

Q7. What are the key growth strategies of Pressure Cooker Market players?

Ans. The key growth strategies of Pressure Cooker Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Pressure Cooker Market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the Pressure Cooker Market during the forecast period.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Years & Currency Considered in the Study
1.5. Research Methodologies
1.5.1. Secondary Research
1.5.1.1. Data Collection
1.5.1.2. List of Secondary Sources
1.5.1.3. Key Data from Secondary Sources
1.5.2. Primary Research
1.5.2.1. List of Primary Research Sources
1.5.3. Market Size Estimation: Top-Down Approach
1.5.4. Market Size Estimation: Bottom-Up Approach
1.5.5. Data Triangulation and Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Opinion Leaders
2.3. Key Highlights of the Market, by Product
2.4. Key Highlights of the Market, by Application
2.5. Key Highlights of the Market, by End-User

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Product
3.3. Market Attractiveness Analysis, by Application
3.4. Market Attractiveness Analysis, by End-User

Chapter 4. Pressure Cooker Market Outlook
4.1. Pressure Cooker Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Pressure Cooker Market
4.7. Impact of the Russia and Ukraine War on the Pressure Cooker Market
4.8. Case Study Analysis
4.9. Pricing Analysis

Chapter 5. Pressure Cooker Market by Material Types
5.1. Market Overview
5.2. Aluminum
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region
5.3. Brass
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4. Stainless Steel
5.4.1. Key Market Trends & Opportunity Analysis
5.4.2. Market Size and Forecast, by Region
5.5. Hard Anodized Aluminum
5.5.1. Key Market Trends & Opportunity Analysis
5.5.2. Market Size and Forecast, by Region

Chapter 6. Pressure Cooker Market by Capacity
6.1. Market Overview
6.2. Up to 3 Litres
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region
6.3. 1 -5 Litres
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region
6.4. Above 5 Litres
6.4.1. Key Market Trends & Opportunity Analysis
6.4.2. Market Size and Forecast, by Region

Chapter 7. Pressure Cooker Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Pressure Cooker Market Size and Forecast by Material Types
7.2.3. North America Pressure Cooker Market Size and Forecast by Capacity
7.2.4. North America Pressure Cooker Market Size and Forecast by Country
7.2.5. The U.S.
7.2.5.1. The U.S. Pressure Cooker Market Size and Forecast by Material Types
7.2.5.2. The U.S. Pressure Cooker Market Size and Forecast by Capacity
7.2.6. Canada
7.2.6.1. Canada Pressure Cooker Market Size and Forecast by Material Types
7.2.6.2. Canada Pressure Cooker Market Size and Forecast by Capacity
7.2.7. Mexico
7.2.7.1. Mexico Pressure Cooker Market Size and Forecast by Material Types
7.2.7.2. Mexico Pressure Cooker Market Size and Forecast by Capacity
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Pressure Cooker Market Size and Forecast by Material Types
7.3.3. Europe Pressure Cooker Market Size and Forecast by Capacity
7.3.4. Europe Pressure Cooker Market Size and Forecast by Country
7.3.5. Germany
7.3.5.1. Germany Pressure Cooker Market Size and Forecast by Material Types
7.3.5.2. Germany Pressure Cooker Market Size and Forecast by Capacity
7.3.6. France
7.3.6.1. France Pressure Cooker Market Size and Forecast by Material Types
7.3.6.2. France Pressure Cooker Market Size and Forecast by Capacity
7.3.7. U.K.
7.3.7.1. U.K. Pressure Cooker Market Size and Forecast by Material Types
7.3.7.2. U.K. Pressure Cooker Market Size and Forecast by Capacity
7.3.8. Spain
7.3.8.1. Spain Pressure Cooker Market Size and Forecast by Material Types
7.3.8.2. Spain Pressure Cooker Market Size and Forecast by Capacity
7.3.9. Italy
7.3.9.1. Italy Pressure Cooker Market Size and Forecast by Material Types
7.3.9.2. Italy Pressure Cooker Market Size and Forecast by Capacity
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Pressure Cooker Market Size and Forecast by Material Types
7.3.10.2. Rest of Europe Pressure Cooker Market Size and Forecast by Capacity
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Pressure Cooker Market Size and Forecast by Country
7.4.3. Asia-Pacific Pressure Cooker Market Size and Forecast by Capacity
7.4.4. Asia-Pacific Pressure Cooker Market Size and Forecast by Material Types
7.4.5. China
7.4.5.1. China Pressure Cooker Market Size and Forecast by Material Types
7.4.5.2. China Pressure Cooker Market Size and Forecast by Capacity
7.4.6. India
7.4.6.1. India Pressure Cooker Market Size and Forecast by Material Types
7.4.6.2. India Pressure Cooker Market Size and Forecast by Capacity
7.4.7. Japan
7.4.7.1. Japan Pressure Cooker Market Size and Forecast by Material Types
7.4.7.2. Japan Pressure Cooker Market Size and Forecast by Capacity
7.4.8. South Korea
7.4.8.1. South Korea Pressure Cooker Market Size and Forecast by Material Types
7.4.8.2. South Korea Pressure Cooker Market Size and Forecast by Capacity
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Pressure Cooker Market Size and Forecast by Material Types
7.4.9.2. Rest of APAC Pressure Cooker Market Size and Forecast by Capacity
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Pressure Cooker Market Size and Forecast by Material Types
7.5.3. Rest of the World Pressure Cooker Market Size and Forecast by Capacity
7.5.4. Rest of the World Pressure Cooker Market Size and Forecast by Country
7.5.5. Latin America
7.5.5.1. Latin America Pressure Cooker Market Size and Forecast by Material Types
7.5.5.2. Latin America Pressure Cooker Market Size and Forecast by Capacity
7.5.6. Middle East
7.5.6.1. Middle East Pressure Cooker Market Size and Forecast by Material Types
7.5.6.2. Middle East Pressure Cooker Market Size and Forecast by Capacity
7.5.7. Africa
7.5.7.1. Africa Pressure Cooker Market Size and Forecast by Material Types
7.5.7.2. Africa Pressure Cooker Market Size and Forecast by Capacity

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. Sinbo
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Silit
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Hawkins
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. TTK Prestige
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Kuhn Rikon
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Zwilling
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Fissler
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Philips
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Panasonic
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Instant Pot
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report
Market Segmentation

By Material Types

  • Aluminum
  • Brass
  • Stainless Steel
  • Hard Anodized Aluminum

By Capacity

  • Up to 3 Litres
  • 1 -5 Litres
  • Above 5 Litres

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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