Air Fryer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Drawer and Lid), By Technology (Digital and Manual), By End Use (Residential and Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Multi-Branded Stores, Exclusive Stores, Online and Others (Direct Sales, Institutional Sales etc.)), By Region, Competition
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAir Fryer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Drawer and Lid), By Technology (Digital and Manual), By End Use (Residential and Commercial), By Distribution Channel (Supermarkets/Hypermarkets, Multi-Branded Stores, Exclusive Stores, Online and Others (Direct Sales, Institutional Sales etc.)), By Region, Competition
The global air fryer market is anticipated to project robust growth in the forecast period because of increasing health awareness, changing lifestyle and increasing obesity rate. Continuous product innovation is a prominent trend that is anticipated to affect new product launches throughout the projected period.
For instance, Dutch electronics company Philips has launched the Airfryer XL Connected brand-new air fryer, which uses Rapid Air Technology for healthy frying and has a temperature range of 80°C to 200°C.
Additionally, it interacts with Amazon Alexa to make cooking even smarter. Depending on the cuisine, most conventional air fryers can fit enough food for 2 to 4 servings. It's crucial to keep the basket manageable.
Increasing Health Consciousness to Fuel the Market Growth
Consumers are becoming more aware about their health as the obesity rate is increasing at a faster rate. They are becoming more conscious about their food consumption and the negative effect of unhealthy diets as air fryers use less oil, yet the flavor and texture are not retained. Numerous studies have found that eating a lot of vegetable oil lipids increases the risk of heart disease and can cause several other health problems, including diabetes, inflammation, etc. Air fryers are a helpful tool to reduce the amount of high-fat and high-calorie oils used in cooking.
Consequently, despite having substantially less fat than deep-fried food, air-fried food has a similar flavor to fried food. This has also affected shopping habits, particularly about kitchen appliances. This factor contributes to the increasing demand for air fryers.
Expansion of Hospitality Sector Will Fuel the Market Growth
The fast expansion of the hospitality sector is anticipated to be the key factor propelling the market for air fryers worldwide. Most of the world's population upgraded their eating habits because of their busy lifestyles. The demand for ready-to-eat food goods rises, which promotes the growth of hotels and restaurants and the market. In addition to hotels and restaurants, hospitals are also reporting increased demand. Strict patient dietary regulations have forced hospitals to serve meals fried with little oil, which has increased demand for air fryers in the market. Additionally, the expansion of the market in the next years is aided by an increase in experimentation and innovations in various cuisines as well as growth in the gastronomy sector.
Technological Upgradation will Drive the Market Growth
For instance, Xiaomi launched the Smart Air Fryer 3.5L, a brand-new IoT (Internet of things) integrated home appliance.
Increasing Affordability will Drive the Market Growth
It is anticipated that eliminating the current price differential between traditional and air fryers and introducing innovative air fryers will provide lucrative opportunities for involved industry partners. To stay competitive, manufacturers in the air fryer market always create products with improved functionality and features. The items' prices have dropped and therefore stagnated at a low level for several years despite the development of products with more added value. Due to intense market competition, manufacturers are also under pressure to increase their profit margins. Companies are being compelled to create innovative products due to price decline. As a result, the trend toward lower prices for household appliances is encouraging consumers to buy the goods, which is likely to fuel market expansion.
Market Segmentation
The global air fryer market is segmented based on product type, technology, end use, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into drawer and lid. Based on technology, the market is segmented into digital and manual. Based on end use, the market is segmented into residential and commercial. Based on distribution channel, the market is segmented into Supermarkets/Hypermarkets, Multi-Branded retailers, Exclusive retailers, Online and Others (Direct Sales, Institutional Sales etc.). The market analysis also studies the regional segmentation which are North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Company Profiles
For instance, On September 24, 2022, INALSA, a Taurus Group company with headquarters in Spain, launched its Dual Basket Air Fryer for the first time in India. In contrast to a conventional single-basket air fryer, it enables simultaneous frying of two different dishes in two different ways.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product Type· Technology· End Use· Distribution Channel· Region |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa and South America |
| Country Scope | United States; Canada; Mexico; Russia; Germany; France; United Kingdom; Italy; China; India; Japan; South Korea; Australia, Saudi Arabia; UAE, South Africa, Brazil; Argentina; Colombia |
| Key Companies Profiled | Koninklijke Philips N.V., NuWave, LLC, TTK Prestige Ltd., Breville Group Limited, Newell Brands (Oster), KENT RO Systems Ltd., Bajaj Electricals Limited, GoWISE USA, Wonderchef Home Appliances Pvt. Ltd, and Cuisinart |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, the global Air Fryer market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Air Fryer Market, By Product Type
- Drawer
- Lid
- Air Fryer Market, By Technology
- Digital
- Manual
- Air Fryer Market, By End Use
- Residential
- Commercial
- Air Fryer Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Multi-Branded Stores
- Exclusive Stores
- Online
- Others
- Air Fryer Market, By Region
- North America
- The United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Turkey
- South America
- Brazil
- Argentina
- Colombia
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