Air Fryer Market By Product Type (Digital, Manual), By Application (Residential, Commercial), By Distribution Channel (Offline, Online) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Growing Kitchen Appliances Market Worldwide to Boost the Demand for Air Fryer

The air fryer market worldwide is expected to raise with a CAGR of 6.7% during the forecast period from 2019 to 2027, starting from US$ 666.6 Mn in 2018. Rising awareness for eating healthy food and growing kitchen appliances market worldwide are the key growth factors for air fryer market. Growing inclination towards low oil food has led the market demand for air fryer. Air fryer have several benefits such as less oil consumption, healthy cooking, easy cleaning, compact design and others aiding the market growth. Rising working population and growing technological advancement in kitchen appliances are also helping the market growth. Therefore, we presume that the air fryer market will show substantial growth throughout the forecast period.

Market Synopsis

Air Fryer Market

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Online Segment to be the Fastest Growing

The offline segment led the global air fryer market, in 2018. Offline segment contributed over 50% market revenue stake in the same year. Increasing number of retail stores and product visibility are the major factors for dominance of offline segment. On the other flip, we presume that the online segment will be the fastest growing segment throughout the forecast period. Growing popularity of online shopping and rising e-commerce penetration worldwide are the major reasons for the fastest growth of the segment. Further, introduction of online shopping websites by major players is also one of the major reason for segment growth.  Thus, we expect that the online segment will be the fastest rising segment during the forecast period.

Air Fryer Market

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Asia Pacific to be the Fastest Growing Region

Europe was the main contributor in the global air fryer market followed by North America and Asia Pacific respectively, in 2018. Europe contributes for nearly 1/3 of the global revenue in the same year. Europe has its dominance owing to higher health consciousness among consumers. On the other flip, Asia Pacific will be the fastest growing region due to growing disposable income and rising health awareness among people. Further, the cultural shift in developing economies of Asia Pacific such as China and India includes changing consumer habits, urbanization, rising middle class and others are some of the key growth factors. Therefore, we presume that the Asia Pacific will be the fastest growing region throughout the forecast period.

Air Fryer Market

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Some of the prominent players operating in the air fryer market include Koninklijke Philips N.V., Cuisinart, SharkNinja Operating LLC, Dash Appliances, Breville, Inc., Havells India Limited, TTK Prestige Ltd., Krups, NuWave, LLC, Bajaj Electricals Ltd, Mayer, Wonderchef, and others.

Air Fryer Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The air fryer market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global air fryer market based on product type, application, distribution channel, and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 Product Type (2019–2027; US$ Mn)
 • Digital
 • Manual

 Application (2019–2027; US$ Mn)
 • Residential
 • Commercial

 Distribution Channel (2019–2027; US$ Mn)
 • Offline
 • Online

 Geography Segment (2019–2027; US$ Mn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of air fryer in 2018 and forecast up to 2027?
  • Which is the largest regional market by revenue for air fryer?
  • What are the major trends followed in overall air fryer across different regions?
  • What are the key market trends and high-growth opportunities observed in the air fryer market?
  • What are the drivers of the air fryer market?
  • Who are the key air fryer companies leading the market?
  • What are the key strategies adopted by the leading air fryer companies in market?

Unique data points of this report

  • Statistics on kitchen appliances worldwide
  • Recent trends across different regions in terms of adoption of air fryer
  • Notable developments going on in the air fryer industry
  • Attractive investment proposition for air fryer segment as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
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Published Date:  Nov 2019
Category:  Consumer Goods
Report ID:   60048
Report Format:   PDF
Pages:   120
Rating:    4.3 (58)
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