Instant Pot Market Report 2024 (Global Edition)

Global Instant Pot Market Report 2024 Market Size Split by Type (Smart, Conventional), by Cooking Mode (Low Pressure, High Pressure), by Capacity (3 Quarts, 6 Quarts, 8 Quarts, 10 Quarts), by Price (U...

Instant Pot Market Report Description

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Instant Pot Market Insights Video

Competitive Landscape of the Instant Pot Market

The competitive landscape of the Instant Pot market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Instant Pot companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in Instant Pot Industry: (In no particular order of Rank)

• Arovast Corporation
• Breville Group Limited
• Fagor Professional
• Gourmia Inc.
• Instant Brands Inc.
• Midea Group
• National Presto Industries
• Tayama Appliance Inc.
• Tristar Products Inc.
• Wonderchef Home Appliances Pvt. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Instant Pot Market

Which Region Dominates the Instant Pot Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. North America continues to look increase inside the Instant Pot marketplace, driven by means of growing consumer call for handy and time-saving cooking solutions. The region's including of versatile kitchen appliances has bolstered income, with Instant Pot's ability to cater to various cooking wishes resonating strongly. Continued innovation and strategic advertising efforts further assist its expanding presence in North American families.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Instant Pot market due to several compelling reasons. ? Europe is experiencing a growing Instant Pot market as clients increasingly prioritize convenience and various cooking options. The place's culinary range and concrete lifestyle traits have boosted the call for multifunctional kitchen appliances just like the Instant Pot. Strategic expansions with the aid of producers and focused advertising efforts highlighting its benefits in European cuisines have further contributed to its popularity and market boom across the continent.

 

The current report Scope analyzes Instant Pot Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Instant Pot Market

According to Cognitive Market Research, the global Instant Pot market size was estimated at USD xx Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD xx million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Instant Pot market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The demand is amplified by the convenience in cooking.
• The Canada Instant Pot market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Canada's time-saving benefits.
• The Mexico Instant Pot market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Instant Pot Market

According to Cognitive Market Research, the global Instant Pot market size was estimated at USD xx Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• The United Kingdom Instant Pot market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. In the UK, Instant Pot sales witness an upswing due to the health consciousness.
• The France Instant Pot market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Instant Pot market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In Germany, Instant Pot sales surged due to the versatility in recipes.
• The Italy Instant Pot market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Instant Pot market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Instant Pot market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Instant Pot market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Instant Pot market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Instant Pot market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Instant Pot market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Instant Pot Market

According to Cognitive Market Research, the global Instant Pot market size was estimated at USD xx Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031. In the Asia Pacific region, the Instant Pot market is burgeoning as consumers embrace its efficiency and versatility in modernizing traditional cooking practices. The diverse culinary landscapes across countries like China, Japan, and India drive demand for the appliance's ability to pressure cook, steam, and prepare rice and yogurt. A significant segment includes urban households and young professionals seeking convenience without compromising on food quality. As the region's economic prosperity and urbanization continue, the Instant Pot is poised for continued growth, offering a blend of technological innovation and culinary tradition that appeals to a dynamic and expanding market.

South America Instant Pot Market

According to Cognitive Market Research, the global Instant Pot market size was estimated at USD xx Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Instant Pot market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. Instant Pot sales flourish in Brazil due to the social media influence.
• Argentina Instant Pot market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Argentina's cultural culinary trends.
• Colombia Instant Pot market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD XX million in 2024.
• Peru Instant Pot market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD XX million in 2024.
• Chile Instant Pot market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Instant Pot market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa Instant Pot Market

According to Cognitive Market Research, the global Instant Pot market size was estimated at USD xx Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

• The GCC Countries Instant Pot market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD XX million in 2024. Instant Pot sales flourish due to the environmental sustainability.
• The Egypt Instant Pot market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Instant Pot market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD XX million in 2024. Instant Pot sales flourish in South Africa due to the economic affordability.
• The Turkey Instant Pot market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Instant Pot market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA Instant Pot market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD XX million in 2024.

Instant Pot Market Analysis

Instant Pot Market Type Segment Analysis

According to Cognitive Market Research, Smart stands out as the dominating category. The clever Instant Pot market is increasing hastily with the combination of digital technology, permitting far-off manipulation and precision cooking through cell apps. Features like programmable settings, recipe guides, and connectivity options appeal to tech-savvy clients in search of more advantageous comfort and cooking precision. This evolution in the kitchen era is driving an increase as clever Instant Pots cater to modern existence and digital connectivity tendencies.

Conventional emerges as the fastest-growing category in the Instant Pot market. Despite the rise of the smart era, the traditional Instant Pot marketplace continues to develop progressively. Many customers decide upon straightforward, clean-to-use home equipment that simplifies cooking without complex digital capabilities. Traditional models provide reliability and flexibility throughout various cooking strategies, attractive to a vast demographic that values practicality and efficiency in meal coaching. This section's boom underscores ongoing demand for available and purposeful kitchen appliances.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Instant Pot Industry. Request a Free Sample PDF!

Instant Pot Market Cooking Mode Segment Analysis

According to Cognitive Market Research, the dominating category is Low Pressure. The low-pressure Instant Pot market is gaining traction amongst clients looking for gentle cooking techniques that keep food texture and flavor. These models provide a much less severe opportunity than traditional excessive-stress cooking, making them suitable for delicate foods like seafood and greens. With improved awareness of healthier cooking options, low-pressure Instant Pots are appealing to fitness-aware people looking to keep the nutritional integrity of their food.

The fastest-growing category in the Instant Pot market is High Pressure. The high-strain Instant Pot market keeps enlarging as purchasers feel its ability to cook dinner food quickly and efficaciously. These fashions use intense strain to boost cooking times, making them ideal for preparing tender meats and hearty dishes in a fraction of the usual time. With a focus on convenience and overall performance, high-stress Instant Pots appeal to busy families looking for fast but flavorful meal alternatives.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Instant Pot Capacity Segment Analysis

Capacity Segment Analysis

According to Cognitive Market Research, the dominating category is 3 Quarts. The three-quart Instant Pot market is seeing a boom because it meets the wishes of smaller households and individuals with constrained kitchen areas. These compact models preserve the versatility and functionality of large Instant Pots, offering convenience in preparing food for smaller portions. With a growing call for space-green kitchen home equipment, the three-quart Instant Pot appeals to a gap market looking for performance without compromising on cooking competencies.

The fastest-growing category in the Instant Pot market is 6 Quarts. The 6-quart Instant Pot market is expanding because of its versatility and ability, catering nicely to medium-sized households and cooking for companies. These fashions offer enough space for various cooking strategies, from stress cooking to sluggish cooking and steaming, accommodating diverse meal education wishes. With a stability of size and capability, the 6-quart Instant Pot continues to attraction to a huge range of consumers seeking green and convenient cooking solutions.

• 3 Quarts
• 6 Quarts
• 8 Quarts
• 10 Quarts

Instant Pot Price Segment Analysis

Price Segment Analysis

According to Cognitive Market Research, the dominating category is Under USD 75. The underneath USD seventy five Instant Pot market is experiencing growth as it offers affordability without compromising on functionality. These models provide essential cooking functions like stress cooking, gradual cooking, and more, making them accessible to finance-aware purchasers. With the increasing demand for value-effective kitchen home equipment that streamlines meal instruction, Instant Pots priced under USD 75 are attracting an extensive demographic looking for value and overall performance.

The fastest-growing category in the Instant Pot market is USD 76 - USD 150. The USD seventy-six to USD 150 Instant Pot market is expanding as customers are searching for improved features and abilities inside a mild price variety. These models offer superior cooking functionalities together with a couple of preset packages, large capacities appropriate for households, and once-in-a-while smart-era integration. With a focus on satisfaction and flexibility, Instant Pots on this charge bracket cater to discerning users seeking out dependable and complete kitchen answers.

• Under USD 75
• USD 76 - USD 150
• USD 151 & Above

Instant Pot End-user Segment Analysis

According to Cognitive Market Research, the dominating category is Residential. The residential Instant Pot marketplace is developing gradually as more households embody versatile cooking solutions that keep effort and time. Instant Pots cater to numerous culinary alternatives with capabilities like stress cooking, sluggish cooking, and yogurt making. With growing patron recognition of health benefits and comfort, residential adoption of Instant Pots continues to thrust upward, contributing to their prominence in present-day kitchens globally.

The fastest-growing category in the Instant Pot market is Commercial. The commercial Instant Pot market is expanding as restaurants, catering offerings, and meal businesses recognize the efficiency and versatility these home equipment provide. Instant Pots streamline cooking methods with regular effects, accommodating high-extent meal instruction needs. Their ability to handle various cooking strategies, from soups to stews and more, makes them a precious addition to business kitchens looking to optimize productivity and quality.

• Residential
• Commercial

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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