The Global Air Fryer Market size is expected to reach $1.2 billion by 2026, rising at a market growth of 10.7% CAGR during the forecast period. Air fryers can be considered as those kitchen appliances that fry food by circulating hot air utilizing the mechanism of convection. They are available both in digital and manual forms. A manual air fryer is a kind of analog air fryer that generally has two dials, for time and temperature, and indicator lights to show when the unit is on and preheated. A digital air fryer is a programmed air fryer that has a digital control board that incorporates an LCD screen and a touchpad. The Digital model offers programmable timers without resetting the timer.
The worldwide air fryers market is fundamentally driven by the increment in the number of health-conscious individuals opting for oil-free food, so as to limit cholesterol levels. Moreover, increment in the disposable income of consumers, research and development, and technological advancements in the business are leading factors boosting the development of the air fryer market. Air fryers are the updated versions of electric fryers. Accessibility of a massive range of innovatively progressed air fryer items is bringing about a rising customer base and this is foreseen to fuel the market in the years to come.
The surge in popularity of air fryers attributable to the preparation of food items with up to 80% less fat than food prepared with different sorts of customary fryers has brought about expanded demand for air fryers. In addition, the rise in consumer awareness toward the item, extensive marketing and advertising by top brands and move in customer inclination toward air fryers expand the demand from the residential segment. Not just ease of convenience and level of comfort, e-commerce empowers users to dive deep for the information of a particular item, costs and advantages comparison, and thorough worth assessment before buying.
Based on Product, the market is segmented into Digital and Manual. Based on Distribution Channel, the market is segmented into Online and Offline. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Air Fryer Market to reach a market size of $1.2 billion by 2026
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 682.5 Million |
| Market size forecast in 2026 | USD 1,182.2 Million |
| Base Year | 2019 |
| Historical period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 10.7% from 2020 to 2026 |
| Number of Pages | 132 |
| Number of Tables | 240 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Australia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Newell Brands, Inc., Koninklijke Philips N.V., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation), Meyer Manufacturing Company Limited, GoWISE USA and NuWave, LLC.
Market Segmentation:
By Product
By Distribution Channel
By Geography
Companies Profiled
The global air fryer market size is expected to reach $1.2 billion by 2026.
There are several reason that cause high demand of this market one of them is air fryers are safe and secure.
The digital product segment held the largest share of the air fryer industry in 2019 by virtue of expanded demand for programmed cooking appliances in developed nations, for example, the U.S., Canada, and Germany.
The expected CAGR of air fryer market is 10.7% from 2020 to 2026.
Newell Brands, Inc., Koninklijke Philips N.V., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation), Meyer Manufacturing Company Limited, GoWISE USA and NuWave, LLC.
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