Market Insights
The Digital Air Fryer Market is estimated to grow from at a healthy CAGR of 7.30% during the forecast period.
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Digital Air Fryer Market- Research Scope
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Growth
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7.30%
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Major Application Type
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Household
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Region with the highest demand
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Europe
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Key Players
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Philips, Rosewill, Vonshef, Kalorik, NuWave, LLC, Havells India Ltd.
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What is Digital Air Fryer?
The air fryer is essentially a more powerful countertop convection oven. (However, there is a distinction to be made between air-frying and baking.) The small appliance, patented by Philips Electronics Company, claims to mimic the results of deep-frying with nothing more than hot air and little or no oil.
Covid-19 Impact Analysis
The global impact of the COVID-19 pandemic on Digital Air Fryer materials supply chains, international trade, and manufacturing activities was enormous. The production of Digital Air Fryer decreased as a result of the COVID-19 pandemic, as market companies were forced to shut down production facilities or operate them at less than optimal capacity to prevent the spread of the coronavirus.
Key Players
Key players operating in the Digital Air Fryer Market are-
- Philips
- Rosewill
- Vonshef
- Kalorik
- NuWave, LLC
- Havells India Ltd.
Market Dynamics
The introduction of innovative products with improved designs is the primary factor driving the market's growth. Furthermore, rising health consciousness and awareness about eating a healthy diet are expected to drive product demand, supporting market growth. High demand from restaurants, hotels, and hospitals is also expected to fuel market growth. Furthermore, the high demand for energy-efficient products is expected to boost market growth.
Segment’s Analysis
Application Trends
Based on Application, the Digital Air Fryer market has been divided into Household, Commercial. The Household accounted for the largest market share in 2020.
Regional Trends
By region, the Europe market accounted for the dominated share in 2020 and is expected to grow at a significant CAGR during the review period. The key growth-driving factor in emerging countries is rising consumer disposable income levels, combined with rising health consciousness. Furthermore, the presence of well-known companies such as Philips, Rosewill is expected to boost the region's growth.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Digital Air Fryer market. Following are the critical questions answered in the report.
- What are the key trends in the Digital Air Fryer market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on Digital Air Fryer market?
- What are the key strategies adopted by the major vendors to lead in the Digital Air Fryer market?
- What is the market share of the top vendors?
Target Audience
The target audience of Digital Air Fryer Market includes-
- Digital Air Fryer Vendors
- Digital Air Fryer Manufacturers
- Digital Air Fryer Distributors
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