Air Fryer Market Size is estimated to grow at a CAGR of 6.9% during the forecast period


Posted December 20, 2023 by Jameslin

The air fryer market was valued at USD 1.1 billion globally in 2022, and over the forecast period, a compound annual growth rate of 6.9% is anticipated.

 
The air fryer market was valued at USD 1.1 billion globally in 2022, and over the forecast period, a compound annual growth rate of 6.9% is anticipated. This industry is growing as cooking wholesome, high-quality meals with less oil becomes more and more popular. The market is expanding because to the growing demand and attractiveness of compact kitchen equipment for smart cooking among consumers worldwide. The market is expanding rapidly due to the growing need for tiny kitchen appliances for smart cooking.

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People with diabetes and obesity are best suited for eating food fried in an air fryer. This innovative culinary tool uses cutting-edge convection technology to create food that is both crispy and hygienic. The global population's growing consciousness of the need of eating hygienic food is propelling the market's substantial expansion.
Growth Drivers
Customers are looking for healthier alternatives to standard frying processes as they become more conscious of good eating habits. For those who are health-conscious, air fryers provide a method to enjoy fried foods with a significant reduction in oil. Meal preparation is made easy and fast using air fryers. They cook meals more quickly and require less preheating than ovens. As a result of ongoing innovation, air fryers have become more effective and aesthetically pleasing. Presets, bigger capacities, and intelligent features have drawn in customers seeking greater adaptability.
Customers that care about the environment will find it intriguing because deep fryers cut oil usage and increase energy efficiency. Air fryers are suitable for a wide range of consumers since they may support dietary choices such as vegetarian, vegan, and gluten-free diets. Because air fryers are portable and simple to use, there is a noticeable increase in demand for them.
Segmentation
End-User
· Residential
· Commercial
Distribution Channel
· Hyper Market/ Super Market
· Specialty Stores
· Online Channels
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
Key Players
· Havells India Limited
· Taurus Group
· TTK Prestige Limited
· Nuwave
· GoWise USA
· Kent RO Systems Limited
· Arovast Corporation
· Wonderchef Home Appliances Private Limited
· Koninkijke Philips N.V.
· Other Players

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Issued By James
Country United Arab Emirates
Categories Electronics , Industry , Technology
Tags air fryer market , air fryer market size , air fryer market share , air fryer market analysis
Last Updated December 20, 2023