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Air Fryer Market

Air Fryer Market By Product Type (Basket-Style Air Fryers, Oven-Style Air Fryers, Multifunctional Air Fryers, Smart Air Fryers); By Technology (Traditional Air Fryers, Smart Air Fryers, Multifunctional Air Fryers, Digital Air Fryers); By End-User (Residential, Commercial – Restaurants, Fast-Food Chains, Catering Services, Hotels) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 1392 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Air Fryer Market Size 2024 USD 808.91 million
Air Fryer Market, CAGR  6.2%
Air Fryer Market Size 2032 USD 1308.86 million

Market Overview:

The Air Fryer Market is projected to grow from USD 808.91 million in 2024 to an estimated USD 1308.86 million by 2032, with a compound annual growth rate (CAGR) of 6.2% from 2024 to 2032.

Key drivers of the air fryer market include the increasing demand for healthier cooking options and the growing popularity of home-cooked meals. Consumers are becoming more health-conscious and are seeking kitchen appliances that can prepare meals with less oil while retaining the taste and texture of traditional fried foods. The convenience, ease of use, and speed of air fryers have made them a preferred choice for busy individuals and families. Additionally, the rise of online retail platforms and the availability of a wide range of air fryer models are boosting market growth. Technological advancements in air fryer designs, such as improved energy efficiency, larger capacities, and multifunctional features, are also driving the market. Furthermore, the expansion of the foodservice industry and the adoption of air fryers in commercial kitchens are contributing to the market’s growth.

Regionally, North America and Europe are leading the air fryer market due to high consumer awareness, strong purchasing power, and a growing trend toward healthy eating. In North America, particularly in the United States, air fryers are increasingly being marketed as part of a healthy lifestyle, further driving demand. In Europe, health-conscious consumers are adopting air fryers as part of their cooking routines. In the Asia Pacific region, countries like China and India are witnessing rapid market growth, driven by increasing disposable incomes, rising awareness about health and wellness, and a growing middle class. Manufacturers are focusing on expanding their presence in these emerging markets, where demand for advanced kitchen appliances is growing. Latin America and the Middle East & Africa regions are also experiencing growth in the air fryer market, primarily due to increasing urbanization, changing dietary preferences, and the expanding influence of global cooking trends.

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Market Drivers:

Growing Consumer Demand for Healthier Cooking Solutions:

The rising focus on health and wellness is one of the primary drivers of the air fryer market. As people become more conscious of the health risks associated with high-fat diets, they are increasingly turning to healthier cooking methods. Air fryers allow consumers to prepare meals with minimal to no oil, making them an attractive option for those looking to reduce calorie intake and fat consumption. The shift toward healthier eating habits has been further accelerated by government health initiatives. For instance, the World Health Organization (WHO) estimates that obesity rates have nearly tripled worldwide since 1975, and with it, the rise in non-communicable diseases (NCDs) like heart disease and diabetes. In response, many countries have introduced programs encouraging healthier lifestyles and diets. As of 2021, the World Bank reported that implementing healthy eating habits could reduce national healthcare costs by approximately 2% to 5% annually. The U.S. government’s “Healthy People 2030” initiative aims to improve the overall health and well-being of the population, focusing on reducing obesity and encouraging better nutrition. As part of this effort, more Americans are opting for cooking at home with healthier methods, such as using air fryers. According to a survey by the U.S. Department of Agriculture (USDA), 45% of Americans are now cooking more frequently at home compared to pre-pandemic levels. This trend has directly influenced the growing demand for air fryers.

Technological Advancements and Innovation in Product Design:

Technological advancements have greatly influenced the air fryer market, with manufacturers improving their products’ efficiency, ease of use, and functionality. The integration of smart features, energy-saving capabilities, and multifunctionality has driven consumer interest. Air fryers now come with smart connectivity features, such as the ability to control cooking times remotely via smartphone apps, and improved energy efficiency that appeals to eco-conscious consumers. For instance, Philips has been a leading player in air fryer innovation, introducing its “Philips Airfryer XXL” model, which features a fat removal technology that reduces the fat content in meals by up to 90%. The International Energy Agency (IEA) has stated that energy-efficient appliances are a growing trend, with energy consumption from home appliances expected to increase by 20% globally by 2030 unless new energy-saving technologies are adopted. The adoption of such technologies in air fryers has helped consumers reduce their energy consumption and cooking time, making them more attractive in the long term. For example, in 2020, Philips sold over 1 million units of its air fryer models, highlighting the demand for energy-efficient and healthier cooking appliances.

Rising Popularity of Home-Cooked Meals and Convenience:

The trend of home cooking has seen a significant rise, particularly due to the COVID-19 pandemic, as people spent more time at home and sought more affordable and healthier alternatives to restaurant meals. According to the U.S. Bureau of Labor Statistics, U.S. consumers increased their home cooking by 40% in 2020 compared to the previous year, which further boosted the demand for kitchen appliances like air fryers that make cooking quicker and easier. For instance, NPD Group reported that in 2021, air fryers became one of the top-selling kitchen appliances in the U.S., with sales increasing by 23% compared to the previous year. The ease of use, speed, and ability to prepare healthy meals without the need for large amounts of oil has made air fryers a popular choice for busy households. The rise of food delivery services and convenience-based cooking also plays into this trend. The Food Marketing Institute (FMI) found that 75% of consumers prefer to cook at home more often if they can do so with minimal preparation and cleaning time, which air fryers facilitate.

Expansion of the Foodservice Industry and Commercial Adoption:

Air fryers are gaining popularity not only among consumers but also within the commercial foodservice industry. Restaurants, quick-service eateries, and catering services are adopting air fryers due to their ability to cook food quickly and more healthily, while also reducing oil usage and operating costs. According to the International Restaurant Association (IRA), 20% of U.S. restaurants had adopted air fryers as of 2022, with many using them to offer healthier alternatives to traditional fried foods. For instance, major fast-food chains like McDonald’s and KFC have started to incorporate air fryers into their kitchens to reduce the use of unhealthy oils. According to a report by the National Restaurant Association (NRA), 35% of U.S. quick-service restaurants are now offering lower-fat, air-fried menu options, responding to growing consumer demand for healthier fast food. Moreover, in regions like Europe, regulatory frameworks, such as the European Union’s (EU) food safety standards, have increased pressure on foodservice businesses to reduce trans fats in foods, which is driving the adoption of air fryers in commercial kitchens. The European Commission has highlighted that reducing the use of trans fats in food could potentially decrease cardiovascular diseases, one of the leading causes of death in Europe. This health-focused approach aligns with the market trend toward adopting cooking technologies like air fryers.

Market Trends:

Increasing Adoption of Smart and Multifunctional Air Fryers:

One of the most notable trends in the air fryer market is the growing adoption of smart and multifunctional models that offer consumers a more convenient, efficient, and connected cooking experience. As technology continues to evolve, air fryers are now being integrated with advanced features like Bluetooth and Wi-Fi connectivity, allowing users to control their appliances remotely via smartphone apps. These smart air fryers enable features such as customized cooking times, notifications, and recipe recommendations, further improving user convenience. For instance, Philips, a leading manufacturer in the air fryer market, introduced its “Smart Airfryer” model that connects to a mobile app. This app not only allows users to control the appliance remotely but also provides access to hundreds of recipes tailored for air frying. The integration of smart features into air fryers aligns with the increasing trend toward IoT-enabled home appliances. According to the International Telecommunication Union (ITU), the number of connected smart homes worldwide is projected to reach over 350 million by 2025, driving the demand for smart kitchen appliances like air fryers. Additionally, multifunctional air fryers are gaining popularity, combining various cooking modes like grilling, baking, roasting, and toasting. These versatile appliances cater to the growing consumer desire for all-in-one kitchen solutions, offering a space-saving and time-efficient option for busy households. As more consumers seek appliances that provide multiple functionalities in one device, the trend toward multifunctional air fryers is expected to continue.

Rising Popularity of Air Fryers in Commercial Kitchens:

The use of air fryers in commercial kitchens is becoming an increasingly significant trend. Many restaurants and foodservice providers are adopting air fryers as a way to offer healthier, faster food options to meet growing consumer demand for lower-fat alternatives to traditional fried foods. As consumers continue to prioritize healthier eating, foodservice businesses are aligning their menus with these preferences by integrating air fryers into their kitchens. For instance, the U.S. Department of Agriculture (USDA) has reported a shift in the foodservice sector towards cooking methods that reduce the amount of oil used, such as air frying. This trend is particularly evident in fast food chains and cafeterias, where air fryers provide a way to prepare crispy, fried foods with significantly less oil, thus offering a healthier option for customers. According to the National Restaurant Association (NRA), 35% of U.S. quick-service restaurants now feature healthier menu items, often prepared using air fryers. The growing adoption of air fryers in commercial kitchens is also driven by their efficiency and the ability to reduce operational costs, as they require less oil and energy compared to traditional deep fryers. In Europe, the European Commission has encouraged foodservice operators to adopt healthier cooking practices as part of broader initiatives to reduce health risks associated with processed foods. This has led to a rise in the use of air fryers in restaurants, particularly in countries like the UK and Germany, where consumers are more health-conscious and demand lower-fat food options.

Market Challenge Analysis:

Intense Competition and Market Saturation:

The air fryer market has witnessed explosive growth over the past few years, driven by increasing consumer demand for healthier cooking alternatives. However, this rapid expansion has led to an oversaturated market with numerous brands competing for attention. Established companies like Philips, Ninja, and Cosori face fierce competition from both large household appliance manufacturers and smaller, emerging brands that aim to offer budget-friendly options. As a result, the market has become highly competitive, with companies needing to differentiate themselves through unique features, pricing strategies, or innovative technology. This intense competition, while benefiting consumers with a wider variety of options, presents significant challenges for brands. Price sensitivity is a key factor, as consumers often compare models based on price points, leading to reduced margins for manufacturers. Additionally, brand loyalty is limited, and customers tend to switch brands based on reviews or promotional offers, further increasing the pressure to stand out. As the market matures, companies must focus on creating more advanced models that offer increased functionality, faster cooking times, or improved energy efficiency to maintain their competitive edge.

Consumer Education and Product Differentiation:

Despite the growing popularity of air fryers, a significant challenge remains in educating consumers about the varied features and benefits of these appliances. Many customers still perceive air fryers as a niche product, often misunderstanding their versatility or the long-term savings they provide in terms of healthier cooking. The diverse range of air fryer models, from basic units to high-tech smart air fryers, adds to the confusion. Manufacturers must invest in marketing campaigns that clearly highlight how air fryers can fit into a wide variety of cooking needs, whether for quick meals, baking, or roasting. Additionally, the issue of product differentiation continues to challenge the market. Many air fryers look similar in design and offer similar functionalities, making it difficult for brands to convince consumers that their product is superior. While some brands focus on adding smart features like app connectivity or pre-set cooking functions, others emphasize ease of use or enhanced health benefits. In this crowded space, educating the consumer on unique selling points and demonstrating real-world value is essential to capturing market share and driving long-term customer loyalty. Without a clear message that communicates the benefits, brands risk losing customers to competitors offering similar products at a lower price point.

Market Segmentation Analysis:

By Type
The air fryer market is primarily segmented into basket-style and oven-style air fryers. Basket-style air fryers are compact and suitable for small to medium households, offering ease of use and quick cooking times. They are the most popular type in the residential segment, especially for consumers looking for convenient and healthier alternatives to deep frying. On the other hand, oven-style air fryers, which often come with multiple racks and larger capacities, are preferred by larger families and consumers who require more cooking space. This style is also gaining popularity in commercial settings due to its ability to prepare larger quantities of food at once.

By Technology
The air fryer market can also be segmented by technology into traditional air fryers, smart air fryers, and multifunctional air fryers. Traditional air fryers use a simple hot air circulation mechanism to fry food with little or no oil. Smart air fryers are equipped with Wi-Fi or Bluetooth connectivity, allowing users to control and monitor cooking remotely via smartphones or apps. Multifunctional air fryers combine various cooking methods such as grilling, baking, roasting, and toasting, providing greater versatility to users who seek an all-in-one kitchen appliance. Technological advancements in these areas are driving innovation and attracting a tech-savvy customer base.

By End-User
The air fryer market can be segmented into residential and commercial end-users. In the residential segment, air fryers are primarily used by health-conscious individuals and busy families looking for a quick and convenient way to prepare meals with less oil. As more consumers are opting for healthier cooking practices, this segment is witnessing significant growth. In the commercial segment, air fryers are increasingly being adopted by restaurants, fast-food chains, and catering services. These establishments are using air fryers to meet the rising demand for healthier fried food options and to improve operational efficiency by reducing cooking times and oil consumption. The commercial adoption of air fryers is particularly strong in the foodservice industry, as businesses look for ways to cater to health-conscious consumers while maintaining food quality.

Segmentation:

Based on Product Type:

  • Basket-Style Air Fryers
  • Oven-Style Air Fryers
  • Multifunctional Air Fryers
  • Smart Air Fryers

Based on Technology:

  • Traditional Air Fryers
  • Smart Air Fryers
  • Multifunctional Air Fryers
  • Digital Air Fryers

Based on End-User:

  • Residential
  • Commercia
  • Restaurants
  • Fast-Food Chains
  • Catering Services
  • Hotels

Based on Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Southeast Asian Countries
  • Latin America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Middle East & Africa
  • United Arab Emirates
  • Saudi Arabia
  • South Africa
  • Egypt
  • Morocco

Regional Analysis:

North America

North America is one of the largest and fastest-growing regions in the global air fryer market. The growing preference for healthier cooking options, rising health-consciousness among consumers, and increased adoption of smart kitchen appliances have driven the demand for air fryers in this region. North America accounts for approximately 35% of the global market share, with the United States being the dominant market. The region’s demand is primarily fueled by the popularity of quick, easy-to-prepare meals that align with the busy lifestyles of modern consumers. In the U.S., the rise of cooking influencers on social media platforms and the popularity of cooking shows featuring air fryers have contributed significantly to their widespread adoption. Brands like Philips, Ninja, and Cosori have gained a strong foothold, with retailers offering a wide variety of models, catering to different price points and functionality. Additionally, the region has seen an increase in innovations such as smart air fryers with app integration and advanced cooking features, which appeal to tech-savvy consumers. However, the market is also facing challenges, such as market saturation and price competition, which has led to pressure on profit margins for manufacturers. Despite this, North America continues to be a lucrative market for air fryers, driven by a high degree of product awareness and demand for healthier cooking solutions.

Europe

Europe holds a significant share of the global air fryer market, estimated at around 30%. Similar to North America, European consumers are increasingly adopting healthier lifestyles, prompting demand for air fryers that offer low-fat cooking without sacrificing taste. Countries like the United Kingdom, Germany, and France are the key contributors to market growth in this region. The European market is characterized by an interest in multifunctional kitchen appliances, with air fryers being seen as a versatile solution for roasting, baking, grilling, and frying. One of the driving forces behind the growing popularity of air fryers in Europe is the increased focus on sustainable living and cooking, especially in countries like the Netherlands and Sweden, where health trends and environmentally friendly choices are at the forefront of consumer behaviour. As more European consumers look for efficient and energy-saving cooking methods, air fryers, which use less oil and energy than traditional deep fryers, have become a desirable option. However, product differentiation remains a key challenge in this region, as numerous players compete to offer models that cater to varying consumer needs. Market leaders like Philips, Tefal, and Delonghi face strong competition from local and emerging brands, especially in terms of pricing and specialized features. Nonetheless, Europe’s demand for convenient and healthier cooking options ensures its continued growth potential in the air fryer market.

Asia-Pacific

The Asia-Pacific region is the fastest-growing market for air fryers, accounting for approximately 25% of the global market share. Rapid urbanization, changing dietary preferences, and the increasing influence of Western cooking trends have contributed to the rising popularity of air fryers in countries like China, Japan, India, and Australia. In particular, China and India have witnessed a surge in the adoption of air fryers, driven by the growing middle class and an increasing inclination towards healthier cooking alternatives. As consumers in these countries become more health-conscious and move away from traditional deep-frying methods, air fryers offer a solution that aligns with both convenience and health. In Japan, where kitchen technology is highly appreciated, air fryers have become popular due to their compact design and ease of use, making them an ideal addition to smaller urban kitchens. Meanwhile, Australia, with its focus on healthy eating and convenience, has seen a rise in the popularity of air fryers among young professionals and families. The Asia-Pacific market faces challenges related to consumer education, as many consumers are still unfamiliar with the functionality and benefits of air fryers. Manufacturers need to invest in localizing their products and marketing efforts to cater to specific cultural and culinary preferences. Nonetheless, the region’s expanding urban population, growing disposable income, and changing dietary habits position Asia-Pacific as a key market for future growth in the air fryer industry.

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Key Player Analysis:

  • Philips
  • Ninja (SharkNinja LLC)
  • Cosori
  • Tefal (Groupe SEB)
  • Black+Decker
  • GoWISE USA
  • Cuisinart
  • Instant Brands (Instant Pot)
  • Breville
  • Proscenic

Competitive Analysis:

The air fryer market is highly competitive, with several key players dominating the global landscape. Leading brands such as Philips, Ninja, Cosori, and Tefal maintain significant market shares, leveraging their established reputations and a broad range of product offerings. Philips, for instance, has a strong presence due to its early entry into the market and continued innovation, offering models with advanced features like digital controls and smart connectivity. Ninja has gained traction by providing a variety of versatile air fryers that combine multiple cooking functions, appealing to consumers looking for multifunctional appliances. Meanwhile, Cosori is known for its affordability and efficient performance, catering to price-sensitive customers without compromising on quality. Smaller, emerging brands are also making inroads by offering competitive pricing, customizable features, and region-specific designs. For example, local players in regions like Asia-Pacific are focusing on culturally tailored air fryers that meet the unique needs of their markets. The competition is further heightened by new entrants who emphasize sustainability, smart technology, and innovative designs to attract younger, tech-savvy consumers. Additionally, online retailers such as Amazon and Walmart have become major distribution channels, amplifying the competition by offering extensive customer reviews and comparisons. Price sensitivity, product differentiation, and the ability to provide innovative features are key factors driving the competitive dynamics of the air fryer market, making it a challenging yet lucrative space for manufacturers to navigate.

Recent Developments:

  1. In June 2022, Philips launched its latest air fryer model, the Philips Premium Airfryer, which featured new digital controls and an improved cooking basket for more even heat distribution. This innovation allowed users to cook with less oil, making it a popular choice among health-conscious consumers. Additionally, other leading brands, such as Ninja and Tefal, introduced enhanced air fryer models with advanced features like multiple cooking presets, faster cooking times, and better energy efficiency, contributing to a surge in market demand. The trend was further supported by rising awareness of the benefits of air frying compared to traditional frying, including reduced fat content and lower calorie intake.
  2. In March 2024, Cosori unveiled its Smart Air Fryer with Wi-Fi capabilities, enabling users to control cooking through a mobile app. This product integrates with smart home ecosystems, allowing for a seamless cooking experience.
  3. In April 2024, Hamilton Beach introduced a multi-function air fryer that can bake, grill, and roast, offering more versatility for consumers seeking to streamline their kitchen appliances. These innovations reflect the growing consumer preference for smart, multi-functional appliances that enhance convenience and flexibility in the kitchen, further driving the market’s growth.

Market Concentration & Characteristics:

The air fryer market exhibits a moderate level of concentration, with a few dominant global players controlling a significant portion of the market, while smaller brands and regional players continue to challenge their dominance. Leading companies like Philips, Ninja, and Cosori hold a substantial market share, accounting for over 60% of the global market. These established brands leverage strong distribution networks, brand recognition, and continuous innovation to maintain their position. Philips, for example, has a long-standing presence in the market and is known for high-quality, premium models, while Ninja and Cosori offer more affordable yet efficient alternatives, expanding their reach to a broader consumer base. Despite the dominance of these key players, the market remains highly fragmented, with numerous smaller brands and new entrants offering competitive products, often targeting niche segments such as budget-conscious or health-focused consumers. The rise of e-commerce platforms has further facilitated the entry of new players, enabling them to reach global audiences without large-scale retail distribution. In terms of market characteristics, the air fryer market is heavily driven by product innovation, with a focus on improved cooking technology, energy efficiency, and multifunctionality. Brands are increasingly differentiating their products through features such as smart connectivity, digital controls, and healthier cooking capabilities. Additionally, consumer preferences are shifting towards more sustainable and eco-friendly products, influencing manufacturers to develop models with lower energy consumption and non-toxic materials. This dynamic and evolving landscape highlights the competitive nature of the market while providing opportunities for both established and emerging players.

Report Coverage:

This report provides a comprehensive analysis of the global air fryer market, covering key trends, growth drivers, challenges, and regional dynamics. It examines market segmentation by product type, distribution channels, and consumer demographics, offering insights into the preferences and behaviours of different consumer groups. The report highlights the market share of major players like Philips, Ninja, Cosori, and Tefal, analyzing their competitive strategies, product innovations, and market positioning. Additionally, the report delves into the regional landscape, focusing on North America, Europe, and Asia-Pacific, with detailed analysis on market growth, consumer adoption rates, and emerging trends in each region. It explores the impact of health-conscious eating habits, the rise of multifunctional kitchen appliances, and growing demand for convenience on the market. The report also addresses challenges such as market saturation, price sensitivity, and the need for product differentiation in a highly competitive environment. Further, it investigates the influence of e-commerce, consumer education, and sustainability trends on purchasing decisions and brand loyalty. By offering detailed insights into market concentration, competitive strategies, and consumer preferences, this report serves as a valuable resource for stakeholders seeking to understand the current landscape and future opportunities in the air fryer market. It also provides actionable recommendations for manufacturers, retailers, and investors looking to navigate the complexities of this dynamic and rapidly evolving market.

Future Outlook:

  1. The air fryer market will continue to grow as consumers prioritize healthier cooking options, reducing the consumption of oil in meals.
  2. Increased adoption of smart kitchen appliances, including Wi-Fi and Bluetooth-enabled air fryers, will drive consumer interest in more connected cooking experiences.
  3. Manufacturers will focus on enhancing energy efficiency and reducing the environmental impact of air fryers, in line with global sustainability trends.
  4. The trend toward multifunctionality in kitchen appliances will push more brands to design air fryers that offer grilling, roasting, and baking capabilities.
  5. The expansion of the foodservice sector will further fuel the adoption of air fryers in commercial kitchens, as restaurants seek healthier alternatives to traditional frying methods.
  6. Growing urbanization, particularly in emerging markets, will increase the demand for compact and easy-to-use cooking appliances, benefiting the air fryer market.
  7. Rising disposable incomes in regions like Asia Pacific and Latin America will create new growth opportunities for air fryer sales.
  8. Increased online retail and e-commerce platforms will continue to facilitate the availability of air fryers to a wider audience, enhancing market penetration.
  9. Health-conscious cooking trends will gain momentum, leading to more people choosing air fryers for their home kitchens.
  10. Companies will invest in research and development to improve product features, offering consumers more diverse and efficient air fryer models.

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Frequently Asked Questions

What is the projected growth of the air fryer market?

The air fryer market is expected to grow from USD 808.91 million in 2024 to USD 1308.86 million by 2032, with a CAGR of 6.2%.

What are the main factors driving the air fryer market?

Key drivers include the demand for healthier cooking, the popularity of home-cooked meals, and the convenience, speed, and ease of use of air fryers.

How are technological advancements affecting the air fryer market?

Technological improvements like energy efficiency, larger capacities, and multifunctional features are contributing to the market’s growth.

Which regions are leading the air fryer market?

North America and Europe are the leading regions, driven by high consumer awareness and a growing trend towards healthy eating.

5. What is driving the air fryer market in emerging regions?

In Asia Pacific, Latin America, and the Middle East & Africa, growth is driven by increasing disposable incomes, health awareness, and urbanization.

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