Air Fryer Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Air Fryer Market By Product (Manual and Digital), By End User (Residential and Commercial), By Sales Channel (Hypermarkets & Supermarkets, Specialty Store, and Online), and Geography

 

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Report

Description

The global air fryer market size valued USD 691.3 million in 2020 and growing at a CAGR of 6.8% over the forecast period (2020-2026) owing to increasing demand for low-fat meals coupled with growing health consciousness and healthy diet are anticipated to drive the growth of the market over the forecast period. Moreover, introduction of innovative products with advanced features and increasing demand for e-commerce retailers is expected to drive the growth of the market. Additionally, digital platforms play vital role in changing behavior of the people and most of the people rely on online platform which created significant demand for the products in the market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

Air Fryer Market

MARKET SUMMARY
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6.8% CAGR
  • Study Period– 2021 – 2026
  • Base Year– 2020
  • CAGR– 6.8%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Air Fryer Market

  • The report on global air fryer market gives historical, current and future market sizes (US$ Mn) based on by product type, sales channel, end user and geographical regions.
  • air fryer market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in air fryer.
Key Players
  • Koninklijke Philips N.V.
  • TTK Prestige Ltd.
  • Cuisinart
  • SharkNinja Operating LLC
  • DASH
Air Fryer Market

Drivers And Restraints

The increasing health concerns and growing awareness among the population regarding health diet is the major factor driving the growth of the market. The air fryer significantly reduces the overall calorie intake and is reduced by 70% to 80%, also time-efficient is more advantageous over deep-frying. However, the air frying is produced at high temperatures at very rapid rate which burns food extremely and the food that is charred may be carcinogenic.


North-America got significant share

Air Fryer Market

Europe contributed significant share of revenue followed by Asia Pacific, and North America in the global market. In 2019, Europe region accounted for highest share and is anticipated to grow with a significant CAGR over the forecast years owing to increasing demand for new products coupled with introduction of large number of air fryer products with various features are anticipated to drive the growth of the market. Asia Pacific is expected to grow with highest CAGR over the forecast period owing to increasing health consciousness coupled with rising disposable income is anticipated to drive the growth of the market over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • Market players have witnessed the advancements of technology and launch of new air fryer products to strengthen their position in the air fryer market across the globe.
  • In September 2019, Philips has introduced the new Philips Airfryer XXL with Smart Sensing technology simplifies the cooking process by removing the uncertainty.
  • In October 2013, Havells has launched “Profile Air Fryer” which is a revolutionary product that use rapid air technology or hot air which facilitates cooking of deep fried food without using oil.

Key

Key Findings of the Report


Key

Key Features of the Report

Air Fryer Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Koninklijke Philips N.V.
  • TTK Prestige Ltd.
  • Cuisinart
  • SharkNinja Operating LLC
  • DASH (StoreBound LLC)
  • Breville, Inc.
  • KRUPS
  • Havells India Ltd.

Description

The global air fryer market size valued USD 691.3 million in 2020 and growing at a CAGR of 6.8% over the forecast period (2020-2026) owing to increasing demand for low-fat meals coupled with growing health consciousness and healthy diet are anticipated to drive the growth of the market over the forecast period. Moreover, introduction of innovative products with advanced features and increasing demand for e-commerce retailers is expected to drive the growth of the market. Additionally, digital platforms play vital role in changing behavior of the people and most of the people rely on online platform which created significant demand for the products in the market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

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