Market Forecast By Material Types (Aluminum, Brass, Stainless Steel, Hard Anodised Aluminum), By Capacity (Upto 3 Litre, 3.1 -5 Litre, Above 5 Litre), By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Regions (Northern, Southern, Western, Eastern) And Competitive Landscape
According to 6Wresearch, the India Pressure Cooker Market size is projected to grow at a CAGR of 6.4% during 2021-27F. Increasing number of modular kitchens and rising disposable income in India are also the major factors contributing to the growth of the pressure cooker market. The projected growth in market for the coming years can also be attributed to the government’s Pradhan Mantri Ujjwala Yojana which has an assigned budget of INR 12,800 crore for providing LPG connections across the rural India. With the different designs and innovations by the manufacturers in the pressure cooker industry, the adoption of modern pressure cookers is anticipated to rise in the coming period.
The India pressure cooker market witnessed a considerable growth in recent years on account of the growing consumer demand for pressure cookers in India underpinned by strong growth of urban population in the country and rising hospitality sector. The demand for pressure cookers witnessed an upward growth trajectory mainly attributed to rise in demand from urban consumers as they are more inclined towards modern day kitchenware.
Market by Material Types Analysis
In terms of Material Types, aluminum and stainless steel cumulatively have captured 70% of the market revenues in 2020, with aluminum leading the market.
Key Highlights of the Report
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