The slow cooker and sous vide market is estimated to reach a valuation of US$ 7.65 billion in 2023 and is anticipated to exhibit a compound annual growth rate (CAGR) of 5.5% from 2023 to 2033 and reach US$ 13.07 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | US$ 7.65 billion |
| Anticipated Forecast Value (2033) | US$ 13.07 billion |
| Projected Growth Rate (2023 to 2033) | 5.5% CAGR |
The global slow cooker segment has experienced a rise in its product revenue over the decades, owing to changing customers' preferences for freshly prepared meals and a growing percentage of working women. The increasing adoption of slow-cooked meals is one of the industry's major contributors to growth. Slow cookers aid in tenderizing less expensive meat cuts because of their lengthy, minimal-temperature cooking. A slow cooker enhances the flavor of the food.
A slow cooker can be used to make a wide range of dishes, including one-pot foods, soups, curries, and casseroles. Moreover, advantages including fuel efficiency and time consumption will boost the market for slow cookers and sous vide, fueling the global market expansion.
Sous vide has grown steadily in popularity over the last few decades, due to greater population deployment. As sous vide keeps meals secured in a glass container or plastic pouch and positioned in a vapor environment for exceedingly long periods of time therefore it is raising customer's attention to advanced features.
Shifting Consumer Behavior Increasing the global slow cooker and sous vide market's expansion. The sous vide machine's intention is to prepare food accurately, avert overcooking, and sustain humidity. Furthermore, the growing number of working women has stimulated the search for sous vide machines and slow cookers.
The compact crock function, on the other hand, minimizes the weight of slow cookers, allowing users to easily transfer the cookers from one place to another, and expanding the convenience factor. Furthermore, attributes like a locking mechanism and elastomeric seals that maintain the lid safely are also expected to boost slow cooker revenue.
Besides that, smart slow cookers with wi-fi are the current market trend. Slow cookers that have wireless capabilities can now be controlled by cell phones or tablets. Individuals may track and regulate the cooking duration and temperature using these devices. As a result, the emergence of the smart slow cooker in the market is also expected to fuel the market during the forecast period.
One of the primary drivers of the commercial slow cooker and sous vide machine segment is the widespread prevalence of commercial sous vide with instantaneous timers. This evolution is anticipated to accelerate segment expansion over the projected time frame. Sammic, for instance, retails immersion-type sous vide with timer setups. The system's timer shows the temperature in 60 seconds intervals.
Automakers are focusing on developing low-cost products that offer successful revenue-expanding alternatives for growing economies such as Asia Pacific and Latin America, allowing them to obtain a greater proportion of the market.
Due to the increasingly widespread adoption of such equipment, North America, which includes Canada and the United States, took over the worldwide slow cooker and sous vide market. With an increasing number of eateries and hotels in the region, Asia Pacific, along with China, India, and Australia, is projected to experience the fastest rate of development over the projection period.
Important stakeholders in the slow cooker and sous vide industries are focusing heavily on ongoing study and development to create new items that satisfy customers' evolving desires and tastes. The setting temperature is lesser than the boiling temperature, which is generally about 55 degrees Celsius.
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The global slow cooker segment has witnessed an increment in sales of the products over the years on the back of transforming the preference of consumers in the preparation of freshly cooked meals and an increase in the number of working women, Rising demand for slow-cooked food is one of the key growth drivers in the market. Due to the long, low-temperature cooking, slow cookers help tenderize less costly meat cuts. A slow cooker brings out the food flavor.
A wide range of foods, including one-pot meals, soups, stews, and casseroles, can be prepared in a slow cooker. Furthermore, benefits such as energy efficiency and time efficiency would also drive demand for slow cookers and sous vide, which will subsequently fuel global market growth.
Sous vide is experiencing steady growth over the past few years owing to its growing adoption among the population. Sous vide is a type of cooking where the food is sealed in a glass jar or plastic pouch and is placed in a steam atmosphere or water bath for longer than usual periods.
The sous vide machine's purpose is to cook the food correctly, avoid overcooking, and preserve the moisture. Changing lifestyles among customers.
Also, increasing working women's population has led to an increase in demand for sous vide machines and slow cooker. Employed women are given little time to cook. They are therefore opting for a slow cooker and sous vide machines which will help them cook the food faster than traditional cooking.
The growing female workforce has also led to increased demand for a slow cooker and sous vide machines.Women are likely to cook food which requires less time than the traditional method of cooking.
However, the rising price of a slow cooker and sous vide machines is limiting the global demand for a slow cooker and sous vide market.The portability of slow cookers is among the latest developments that will gain momentum in the slow cooker industry over the forecast period.
The portable crock feature reduces the weight of slow cookers, enabling users to switch the cookers without too much trouble from one position to the other, and increases the quotient of comfort. Additionally, features such as locking mechanism and rubber seals added, which keeping the lid securely locked onto the crock for spill-free slow cooker transport will also boost slow cooker sales.
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Key players involved in the slow cooker and sous vide industry are high concentrating on ongoing research and development to develop new products to meet the changing tastes and preferences of consumers. The temperature setting is lower than the cooking temperature usually around 55 degrees centigrade.
Manufacturers are focusing on creating low-cost goods that provide successful revenue boost solutions for emerging regions including Asia Pacific, Latin America and capture a larger portion of market share.
are some of the main players involved in the global slow cooker and sous vide machine industry.
Owing to the growing adoption rate of these machines followed by Europe, North America, which comprises the Canada and U.S. dominated the global slow cooker and sous vide. Asia Pacific, including China, India, Australia, is expected to show the highest growth rate in the forecast period due to the growing number of hotels and restaurants in the area.
The research report presents a comprehensive assessment of the slow cooker and sous vide market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product function type, Sous vide type, application, distribution channel & region
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The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Slow Cooker and Sous Vide Market
