Pressure cookers have become a must-have in many kitchens worldwide. They offer a quick and efficient way to cook meals, making them a favorite in many homes.
However, the pressure cooker market has evolved significantly due to innovations in technology and changes in consumer tastes and preferences.
Small businesses and retailers need to understand the preferences of their target market so they can offer the right types of pressure cookers and have an edge in this popular and expanding market. So read on to discover key insights into the process of selecting in-demand pressure cookers for 2024!
Table of Contents
The market for pressure cookers
Top types of pressure cookers in 2024
Essential criteria for selecting pressure cookers
Bottom line
The market for pressure cookers
The pressure cooker market is expanding and is expected to continue growing. According to Sky Quest, the global pressure cooker market size was USD 4.57 billion in 2021 and USD 4.9 billion in 2022. It is estimated to grow to USD 9.16 billion by 2030 at a compound annual growth rate (CAGR) of 7.2% between 2023-2030.
This growth is attributed to the growth of urban populations. With busy lifestyles, consumers are looking for faster, more effective ways to cook. Moreover, pressure cookers help conserve energy while cooking. A pressure cooker cuts the cooking time by almost 70%, making it a popular choice.
Another growth factor for pressure cookers is the increasing awareness about healthy eating habits, with more people preferring home-cooked meals.
Pressure cooker trends
One of the main trends in the pressure cooker market is the increasing popularity of electric pressure cookers. These offer convenience and ease of use, making them a must-have kitchen appliance for consumers looking for efficient cooking solutions.
Additionally, there is an increasing demand for multi-functional pressure cookers that can perform various cooking tasks, such as steaming, sautéing, and slow cooking.
Small businesses and retailers should be aware of the trends in the pressure cooker market to meet their customers’ needs and preferences.
Key players in the market
The pressure cooker market is highly competitive but has several key players dominating the industry. Some of the leading companies in the market include:
- Instant Brands Inc.
- Conair Corporation
- Breville Group Limited
- TTK Prestige Limited
- Tefal SAS
- Newell Brand Inc.
- Fagor America, Inc.
Top types of pressure cookers in 2024
Pressure cookers come in different types, shapes and sizes. When buying pressure cookers for resale, retailers and small businesses ought to know the various types and functionalities to know the best product for their customers.
Some of the main types of pressure cookers available in the market include:
First-generation pressure cookers
These are old-fashioned or traditional pressure cookers. First-generation pressure cookers have basic features and a weight-modified valve that regulates the pressure inside the cooker.
They have a single pressure level and it is hard to control the pressure. These traditional pressure cookers are also very loud and don’t have proper safety features and measures.
Second-generation pressure cookers
This is an updated version of the old-style pressure cookers. Unlike their predecessors, they have some pressure settings to choose from. They have a spring valve instead of a weighted valve and are not as loud as the first-generation cookers.
The second-generation pressure cookers have enhanced safety features, like the auto steam release. They also allow users to regulate the pressure without changing the valve with the pressure selector dial.
Unlike the traditional pressure cooker, this cooker only vents steam when the lid is open. It is a multi-functional cooker that is used over a stovetop.
Electric pressure cookers
The electric pressure cooker is the third generation. It is an updated version of the second-generation cooker with more advanced features. Unlike the previous generations, which used stovetops, it uses electricity as its energy source.
Electric pressure cookers use a spring valve to regulate pressure and can be pre-programmed for different settings. The automated features allow a completely hands-off cooking experience and enable hassle-free cooking.
In addition to being easy to use, the automated features eliminate the need to supervise the appliance when cooking.
Single-purpose pressure cookers
As the name suggests, this pressure cooker has only one pressure setting. It can be electric or stovetop. Most first and second-generation pressure cookers are single-purpose.
Multi-purpose pressure cookers
These pressure cookers have multiple functionalities, including pressure settings and temperature controls. With these cookers, one can make a range of dishes, as it performs a range of functions. For instance, it can be a slow cooker, steamer, warmer and rice cooker all-in-one.
Essential criteria for selecting pressure cookers
When choosing a pressure cooker, several factors must be considered, including size, material, safety features, and price.
Size
The size of the pressure cooker depends on the consumer. Some people prefer large cookers while others need smaller ones. As a retailer, it is important to have different pressure cooker sizes to cater to different customer preferences.
Material
The material of the pressure cooker matters. The different types of materials are stainless steel, aluminum, and hard-anodization pressure cookers.
Stainless steel pressure cookers are very durable and preferred by many consumers. Stainless steel is one of the safest materials in cookware, as it does not secrete chemicals into the food.
The aluminum pressure cooker is made of aluminum. It heats up quickly and allows food to cook faster since aluminum is a good conductor of heat. However, it reacts to acidic ingredients and may be unsafe to cook some dishes.
The hard-anodized pressure cooker has an advanced technology that uses an electrochemical method to make aluminum cookware harder than stainless steel. The process infuses the aluminum with a non-sticking coat, making it more durable.
However, after long use, the coating is subject to wear and tear, and the non-stick cookware will need to be replaced with new appliances.
Safety features
Safety features are crucial when choosing a pressure cooker, as they help prevent accidents and ensure safe operation. Some key safety features include pressure indicators, locking lids, and quick-release valves.
Price
Price is also a factor for many consumers, with pressure cookers ranging in price from budget-friendly options to high-end models with advanced features. Consumers often weigh the features and quality of the cooker against its price to determine the best value for their needs.
Small businesses should consider these factors to get the right pressure cookers for their customers. They should stock pressure cookers in different price ranges, of different materials, and of different quality to meet all customers’ needs and preferences.
Popular pressure cooker models
Many pressure cooker models have gained popularity with consumers. One example is the Instant Pot, which offers a range of multi-functional electric pressure cookers that are easy to use and versatile. Cuisinart is popular, too, and has extra functions like sautéing and keeping warm.
Another popular brand is Presto, which offers a variety of stovetop and electric pressure cookers known for their durability and performance.
Bottom line
The pressure cooker market is experiencing steady growth, driven by convenience, health consciousness, and innovation. Knowing customer preferences and market trends is crucial for small businesses and retailers looking to capitalize on this growing market.
By having products that meet the needs and preferences of their target audience, businesses can position themselves for success in the competitive pressure cooker market. Small businesses can explore a range of pressure cookers on Alibaba.com and choose which to stock based on their customers’ needs and preferences.
