Global Air Fryer Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- December 3, 2022
- CONSUMER GOODS, NEWS
- Air Fryer Market, Air Fryer Market analysis, Air Fryer Market forecast, Air Fryer Market Growth, Air Fryer Market opportunity, Air Fryer Market Size, Air Fryer Market trend
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The global air fryer market is expected to register a CAGR of approx. 7% over the period of 2022-2028. Air fryers are kitchen appliances that use convection to cook food by circulating hot air. It is accessible in manual and digital formats. A manual air fryer is a type of analog air fryer with two dials for time and temperature, as well as indicator lights to show when the unit is turned on and preheated. A digital air fryer is a type of automatic air fryer that has a digital control panel with an LCD screen and a touchpad. The digital model allows the user to program timers without having to reset them. The global air fryer market is rising due to increasing personal disposable income. For instance, according to OECD, in 2020, the total household spending in the United States is 1,40,47,565 Million US Dollars which is the highest spending in comparison to India (61,16,165 Million US Dollars), Japan (25,43,321 Million US Dollars), and China (91,64,397 Million US Dollars). Technological advancements being made by the major key players are boosting the market. Moreover, increasing demand from restaurants, hotels, and hospitals is boosting the demand for the air fryer market. Furthermore, the rising awareness regarding the negative effects of consumption of oily food and the benefits of air frying technology is expected to drive the market for air fryer market in the coming years.
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Based on the product, the air fryer market is segmented into manual and digital. The digital segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe owing to increased demand for automatic cooking appliances in developed countries.
Based on the end-users, the market is fragmented into commercial and residential. The residential segment grabbed a considerable market share, and it is expected to grow at a significant growth during the forecast period. There is an increase in the demand for air fryer among residential end users due to lifestyle changes and increased disposable incomes.
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For a better understanding of the market adoption of air fryer market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the air fryer industry owing to the rising adoption of air fryers for domestic and commercial purposes owing to the rising health consciousness or awareness regarding the benefits of maintaining good health.
Some of the major players operating in the market include Koninklijke Philips N.V, Stanley Black & Decker, Inc., Breville Group Limited, GoWISE USA, SharkNinja Operating LLC, Bajaj Electricals Ltd, DOMU Brands Ltd, TAURUS GROUP, Newell Brands, Inc, De’ Longhi Appliances S.r.l.
Global Air Fryer Market Segmentation
Market Insight, by Product
- Manual
- Digital
Market Insight, by End-User
- Commercial
- Residential
Market Insight, by Distribution Channel
- Online
- Offline
Market Insight, by Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Australia
- Japan
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Koninklijke Philips N.V
- Stanley Black & Decker, Inc.
- Breville Group Limited
- GoWISE USA
- SharkNinja Operating LLC
- Bajaj Electricals Ltd
- DOMU Brands Ltd
- TAURUS GROUP
- Newell Brands, Inc
- De’ Longhi Appliances S.r.l.
