Air Fryer Market Global Analysis | 2022-2026

"The global air fryer market is expected to grow from USD 753.02 million in 2020 to USD 1,150.9 million by 2026 at a CAGR of 7.39% during the forecast period".

Figure: Global Air Fryer Market Size, 2022-2026 (USD Million)

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Market Dynamics

Introduction

An Air Fryer can be stated as similar to a Microwave Oven which allows it to bake and roast the important differentiation is its heating elements which are located on the upper side with a large fan by makes the food super crunchy & crispy in no time and most importantly with less oil and deep-fried. Air fryers heat up quickly and cook food evenly and quickly, appreciating the dual combination of the concentrated heating and the placement of the particular-sized fan.

Market Drivers 

The introduction of different innovative products including some improved designs is the most key factor boosting the growth of this market.

• Also, the rising health consciousness and awareness in the market about following a particularly healthy diet are estimated to enhance product demand, thereby supporting market growth.
• A tragic demand from hotels, restaurants, and hospitals, is also estimated to have increased the market growth.
• Moreover, the demand for some energy-efficient products is also assumed to positively affect market growth.
• Based on type, the digital air fryer segment accounted for the largest market share in 2020 and is expected to continue its dominance throughout the forecast period.
• The availability of some advanced featured products, like a touch screen panel, temperature control knob, and quick preheating, is anticipated to boost the demand for air fryers.
• The increasing popularity of e-commerce retailers, such as Amazon, is an important factor in increasing product sales within online channels.
• In 2020, Europe became the leading regional market.

COVID-19 Impact on Global Air Fryer Market

The recent pandemic outbreak of COVID-19 across the globe constitutes noteworthy distress and loss in almost every country across the globe. The pandemic has rapidly affected the global economy by directly affecting the production and demand, deranging the supply chain and market, and by its effect on financial markets & firms. The unprecedented outbreak of COVID-19 has had a positive impact on the air fryer market.

Segment Analysis

By Product Type 

"The digital product segment accounted for the largest market share in 2020, which is also anticipated to witness the maximum growth rate during the forecast period".

• This is attributed to the growing demand for automatic cooking appliances especially in the emerging as well as developed economies such as China, Brazil, the U.S., Canada, and Germany.
• The segment is also anticipated to rise further at the fastest CAGR during the forecast period.

Regional Trends

"European region accounted for the largest market share during the forecast period"

The European region accounted for the largest market share which is projected to continue its dominance during the forecast period. Asia Pacific region is projected to witness the fastest CAGR during the forecast period. The growing disposable income levels especially in the emerging economies such as India and China further boosted the growth of the market.

Key Players

The following are the key players in the Air Fryer Market (arranged alphabetically

• Breville, Inc.,
• KRUPS;
• NuWave, Havells India Ltd.
• SharkNinja Operating LLC,
• TTK Prestige Ltd., Ltd.,

Report Features

This report provides market intelligence most totally. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

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