Consumer Goods / Air Fryer Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players - Philips, Tefal, Bigboss, Cuisinart, GoWISE USA, Avalon Bay
Air Fryer Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Philips, Tefal, Bigboss, Cuisinart, GoWISE USA, Avalon Bay
The global Air Fryer Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.3% during the review period (2022 to 2027)
Air Fryer Market Overview
Air fryer is a cooking appliance that might be used for both domestic and commercial purposes. The air fryers use a convection mechanism to fry the frozen food. It offers a healthy way to consume snacks. Air fryers heat the food from all directions and ensure that whether the food is cooked correctly or not. The top of an air fryer holds a fan and a heating mechanism. As soon as the food is covered with the air fryer lid, the fan passes hot air to the bottom of the air fryer which then circulates the food item. The procedure continues till the food becomes crispy and edible to heat. The highlight of an air fryer is that it provides complete deep frying but without the use of oil. Air fryers can be said to be the updated versions of electric fryers. Increasing awareness regarding the negative effects of consumption of oily food and the benefits of air frying technology have fostered growth in the demand for air fryers globally. Technological advancements being made by the main key players are also creating lucrative air fryer market growth opportunities. Increasing personal disposable income is another factor bolstering the demand for air fryers especially in developing economies. Rapid growing of the hospitality industry is expected to drive the global air fryer market growth. Expansion of gastronomy industry to further augment market expansion in the future years. Constant innovation in product performance and functionality along with continuous consumer feedback have allowed active players in the market to sustain in the highly competitive consumer-centric business.
Industry News
March 2021, Xiaomi launched the MIJIA Smart Air Fryer 3.5 L at a price of 399 Yuan, which can also function as an oven, microwave, yogurt maker, and fruit presser.
Chefman launched a 8-quart TurboFry Touch Air Fryer, at a price of US$ 67.49 with a viewing window capacitive touch controls and LED shake reminder feature.
What are the major Applications, Types and Regions for Air Fryer Market?
By Type, it is segmented into
Drawer Type Air Fryer
Lid Type Air Fryer
Others
By Applications it is segmented into
Home Appliance
Commercial Appliance
Others
Air Fryer Market Regional Analysis
North America dominates the air fryer market in terms of market share and market revenue. The region will stay to flourish its dominance over the forecast period. This is because of the increasing adoption of air fryers for domestic and commercial purposes owing to the rising health consciousness or awareness regarding benefits of maintaining good health. Also, increasing demand for frozen food has propelled the demand for air fryers across countries in this region. Asia-Pacific on the other hand is probable to undergo substantial gains and project highest compound annual growth rate during the forecast period. This is because of increasing personal disposable income coupled with rising penetration of air fryers especially in developing economies.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Air Fryer Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Air Fryer Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Air Fryer Market Report Scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 7.3% during the review period (2022 to 2027).
By Type
Drawer Type Air Fryer
Lid Type Air Fryer
Others
By Application
Home Appliance
Commercial Appliance
Others
By Companies
Philips, Tefal, Bigboss, Cuisinart, GoWISE USA, Avalon Bay, Cozyna, Rosewill, Vonshef, Living Basix, Homeleader
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
111
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Air Fryer Report
Evaluate Air Fryer market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Air Fryer market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Air Fryer Market is studied from 2017 - 2027.
What is the growth rate of Air Fryer Market?
The Air Fryer Market is growing at a CAGR of 7.3% over the next 5 years.
What regions does this Air Fryer Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
