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The multicooker market size is estimated to grow by USD 3.90 billion at a CAGR of 33.15% between 2023 and 2028. The market is experiencing significant growth, driven by key factors such as product innovation and portfolio extension leading to premiumization. Manufacturers are expanding their offerings to include advanced features and designs, catering to consumers' evolving culinary needs and preferences. Another trend is the integration of smart connectivity in multicookers, enabling remote operation and real-time monitoring via mobile applications. However, the high penetration of traditional cookers, particularly in developing countries, poses a challenge for market expansion. Despite this, the market is expected to continue its growth trajectory, fueled by increasing consumer awareness of convenience, health, and energy efficiency.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Capacity
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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