The Slow Cooker and Sous Vide Market, therefore, would gain a valuation of USD 7.65 billion in 2023. The overall market would be expected to increase to USD 13.07 billion with a projected growth rate of 5.5% CAGR from the year 2023 till 2033. The market is growing based on steady demand from consumers for convenience, precision cooking, and innovative kitchen appliances that offer both time-saving advantages and high-quality culinary results.
The slow cooker and sous vide market have experienced significant growth over the past few years as a result of advancing cooking technology, consumer demand for convenience, and a rise in precision cooking methods. This market, including both slow cookers and sous vide machines, has reaped benefits from a high interest in healthy cooking, meal prep, and a rising demand for gourmet cooking experiences at home. Consumers are now looking for tools that can save them time and also give them quality results, and slow cookers and sous vide devices answer this demand by providing low-maintenance cooking solutions with professional-grade outcomes. Discover key market opportunities – Request your sample report now! https://www.futuremarketinsights.com/report-sample#5245502d47422d3132323332
Key Drivers
Increasing demand for convenience and ease of cooking, rising preference towards healthy eating, and growing trend of home cooking and meal prepping, are some of the main factors driving this market. Slow cookers are favored due to minimal efforts in preparing a meal. On the other hand, sous vide machines have garnered popularity as the food gets perfectly cooked without excess moisture content that results in soft, succulent meals. Moreover, the rising trend of food enthusiasts around the globe and a quest for restaurant-style dishes in a home environment are contributing to the market. Furthermore, developments in energy-saving technology, easy user interface, and multi-functioning designs have been increasing the penetration of slow cookers as well as sous vide machines in diverse consumer segments.
Applications
The slow cooker and sous vide market spans applications from home use to professional use. For the home, the slow cooker will give the perfect answer for busy professionals who need meals prepared in advance, while a sous vide machine will allow the home cook to experiment with the high-end cooking techniques that used to be restricted to the professionals. Commercial kitchens apply sous vide technology to assure food quality, enrich flavors, and increase the efficiency of working conditions. The industry is constantly evolving; applications are continually growing, and today slow cookers can incorporate features such as air frying, while sous vide devices have become more compact and user-friendly to cater to a wider range of consumers.
Recent Trends
- Smart Technology Integration: In the wake of rising smart kitchen appliances, slow cookers and sous vide machines have increasingly come to be equipped with Wi-Fi and Bluetooth. They allow users to control and monitor their cooking at a distance, hence increased convenience and precision.
- Energy-Efficiency With people’s awareness of the environment, energy-efficient appliances will be adopted. Manufacturers are focusing on developing slow cookers and sous vide machines that are energy-efficient while performing their optimal cooking functions.
- Compact and Portable Designs: Going by the increasing trends for space saving and compact sizes appliances that allow its use even in small size kitchens or flats, manufacturers are concerned with designing space saving slow cooker and sous vide machine without lowering its functionality performance.
Key Players
- ChefSteps
- Hamilton Beach Brands
- Gourmia
- Focus Products Group International
- Fagor America
- SharkNinja
- Oliso
- Tefal
- Sous Vide Supreme
- Anova
- Morphy Richards
- PolyScience Culinary
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Market Segments in Detail
The market can be segmented into two key categories: slow cookers and sous vide machines.
- Slow Cookers: These devices are available in various sizes and functionalities, from basic models to advanced versions with multi-functional capabilities, such as air frying, baking, and steaming. Their versatility and user-friendly operation have made them a staple in many households, especially for busy families or individuals looking to save time while enjoying home-cooked meals.
- Sous Vide Machines: Sous vide cooking, known for its precision and gourmet-quality results, is gaining momentum. Sous vide machines are now available in more compact, affordable models that are ideal for home use. With features such as Bluetooth and Wi-Fi connectivity, they provide users with remote control over their cooking processes, enhancing convenience and cooking accuracy. This precision cooking technique has also found a niche in professional kitchens, where consistency and quality are paramount.
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