Air Fryer Market Growth Drivers, and Competitive Landscape

According to the latest market research report title “Air Fryer Market By Product Type (Cylindrical Basket Air Fryer, Air Fryer Oven), By End-user (Household, Hotels & Restaurant, Hospitals, Office & Others), By Capacity (1-3 Quarts [Small], 3-5 Quarts [Medium], 5-6 Quarts [Large], 6-16 Quarts [Extra Large]), By Distribution Channel (Hypermarket/ Supermarket, Small Electronic Stores, Online), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)--Forecast to 2023″, published by MarkNtel Advisors, The Global Air Fryer Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2023-28.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Global Air Fryer Market Key Drivers:

Rising Health Awareness Among Individuals - In recent years there has been a surge in the popularity of air fryers, owing to rapid urbanization & constantly changing lifestyles, which has increased health concerns, such as obesity, high/low blood pressure, etc., among individuals. This has led to a rise in health awareness among individuals, allowing them to adopt mindful cooking habits & transition to healthier cookware options.

Moreover, post-2020, there has been a rise in the health & wellness trend due to increased internet browsing. Social media played a very triggering role in the growth of the market, as it extensively promoted no or low-oil-based cooking habits & the benefits associated with it. Thereby also mentioning the use of air fryers instead of traditional fryers.

Hence, this had a psychological impact on the consumers to opt for conscious cooking habits, thus maintaining a good & healthy lifestyle regime, further enhancing the demand during 2018-28.

Air Fryer Market Segmentation

The Air Fryer Market is highly robust and fragmented into numerous segments;

By Product Type

-Cylindrical Basket Air Fryer

-Air Fryer Oven

By End-user

-Household

-Hotels & Restaurant

-Hospitals

-Office & Others

By Capacity

-1-3 Quarts (Small)

-3-5 Quarts (Medium)

-5-6 Quarts (Large)

-6-16 Quarts (Extra Large)

By Distribution Channel

-Hypermarket/ Supermarket

-Small Electronic Stores

-Online

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

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Key Players Operating in the Air Fryer Market: -

-Kokinklijke Philips N.V

-LG Corporation

-Stanley Black & Decker Inc.

-Breville Group Ltd.

-Groupe SEB

-SharkNinja Operating LLC

-Cuisinart

-Go Wise USA

-NuWave LLC

-De Longhi

-NeWell Brands

-German Pool Group

-Yedi Houseware Appliances

-Midea

-JoYoung

-Bajaj Electricals Ltd.

-Others

Key Questions Answered:

What is the projected CAGR of the Air Fryer Market during the forecast period?
Which segment is expected to lead the Air Fryer Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.