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    Air Fryer Market Report

    Air Fryer Market Report
    Report code - SR1024 Delivery - 2 Weeks
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    Global Air Fryer Market, Dynamics, Trends, and Market Analysis
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    Market Insights

    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%.

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

    Air-Fryer-Market-Forecast

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    What is an Air Fryer?

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

    Key Players

    Key players in the global air fryer market are-

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

    Market Dynamics

    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 the product demand, thereby supporting the 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 have a positive outlook on 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 the e-commerce retailers, such as Amazon, is an important factor in increasing product sales within the online channels.
    • In 2020, Europe stayed the leading regional market.

    Segments' Analysis

    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, U.S., Canada, and Germany.
    • The segment is also anticipated to rise further at the fastest CAGR during the forecast period.

    Regional Trends

    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.

    COVID-19 Impact on Global Air Fryer Market

    The recent pandemic outbreak of COVID-19 across the globe constitutes to have 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.

    Critical Questions Answered in the Report

    • What are the key trends in the global recreation management software market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global Air Fryer market?
    • What are the key strategies adopted by the major vendors to lead in the global recreation management software market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the Global Air Fryer market aims to convert the most:

    • Manufacturers
    • Suppliers
    • End users
    • Retailers
    • Consumers

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    Frequently Asked Questions (FAQs)

    The air fryer market size is expected to reach USD 1,150.9 million in the foreseeable future.

    TTK Prestige Ltd., Ltd., SharkNinja Operating LLC, Breville, Inc., KRUPS; and NuWave, Havells India Ltd. are among the key players in the air fryer market.

    The Air Fryer Market is expected to witness an impressive growth of 7.39% CAGR in the coming years.

    European region accounted for the largest market share which is projected to continue its dominance during the forecast period.

    Asia-pacific is expected to witness the fastest CAGR in the air fryer market during the forecast period.

    Manufacturers, Suppliers, End users, Retailers, Consumers are the target audience in the air fryer market.