Global Air Fryer Market, By Function (Manual, Digital), By Product Type (Drawer Type, Lid Type), By End Use (Residential, Commercial), By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2027.
Global Air Fryer Market
The Global Air Fryer Market was valued at USD 853.5 Mn in 2021 which is expected to reach USD 1520.5 Mn by 2027, at a CAGR of 9.18% from 2022-2027.
Air Fryers are kitchen appliances that have been gaining popularity steadily since 2010 when it was first introduced by electronics manufacturer Philips. An air fryer is primarily used to prepare fried or crunchy textured foods, such as meat, chips, pastries, etc. The appliance works via hot air circulating inside the vessel to make the food’s exterior crispy. Air fryers have gained their popularity mainly as an alternative to deep frying. Health-conscious consumers and those people who are advised to avoid deep-fried, high-calorie, oily food find air frying an excellent alternative to enjoy their favorite food items without the need to cook them in oil. An air fryer uses about a tablespoon of oil and creates a taste like traditional deep frying.
Market Drivers
The global air fryer market is set to increase as more and more consumers are choosing healthy diet options. The rise of patients with health issues, especially those related to a sedentary lifestyle and high-fat consumption, such as cholesterol, high blood pressure, obesity, and diabetes, are being advised to go for less oil consumption. The use of an air fryer for such patients allows them to enjoy their favorite foods without worrying about excessive fat consumption.
Apart from its use in homes, the demand for air fryers is also expected to rise due to their commercial use in restaurants and hospitals.
Market restraints
The air fryer market growth may be affected by its longer cooking times, leading to increased electricity and energy consumption. Compared to a standard fryer which takes around 10-12 minutes, an air fryer requires at least 30 minutes to cook. In the age of quick cooking, the slow cooking time of air fryers may become a hindrance to market growth.
Market Segmentation
The global air fryer market is segmented into functions of manual and digital, and into product types of drawer and lid types. Further, the market is segmented by the end use of residential and commercial.
Regional Analysis
The air fryer market is expected to be dominated by North America. This can be due to the growing adoption of air fryers for commercial and domestic purposes and the increasing health consciousness. Additionally, the increasing demand for frozen food has also boosted the demand for air fryers in this region.
Asia-Pacific is expected to be the fastest-growing region during the forecast period. This is due to the increasing personal disposable income and the growing penetration of air fryers in developing economies within the region.
Key Players
Philips, Bajaj Electricals, Meyer Corporation, Avalon Bay, Black+Decker, Conair Corporation, NuWave LLC, Domu Brands, Newell Brands, and Breville.
Market Taxonomy
By Function
• Manual
• Digital
By Product Type
• Drawer Type
• Lid Type
By End Use
• Residential
• Commercial
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Air Fryer Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Air Fryer Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Air Fryer Market, By Function
5.1 Y-o-Y Growth Comparison, By Function
5.2 Global Air Fryer Market Share Analysis, By Function
5.3 Global Air Fryer Market Size and Forecast, By Function
5.3.1 Manual
5.3.2 Digital
6 Global Air Fryer Market, By Product Type
6.1 Y-o-Y Growth Comparison, By Product Type
6.2 Global Air Fryer Market Share Analysis, By Product Type
6.3 Global Air Fryer Market Size and Forecast, By Product Type
6.3.1 Drawer Type
6.3.2 Lid Type
7 Global Air Fryer Market, By End Use
7.1 Y-o-Y Growth Comparison, By End Use
7.2 Global Air Fryer Market Share Analysis, By End Use
7.3 Global Air Fryer Market Size and Forecast, By End Use
7.3.1 Residential
7.3.2 Commercial
8 Global Air Fryer Market, By Region
8.1 Global Air Fryer Market Share Analysis, By Region
8.2 Global Air Fryer Market Size and Forecast, By Region
9 North America Air Fryer Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Air Fryer Market Share Analysis, By Function
9.3 North America Air Fryer Market Size and Forecast, By Product Type
9.4 North America Air Fryer Market Size and Forecast, By End Use
9.5 North America Air Fryer Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Air Fryer Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Air Fryer Market Share Analysis, By Function
10.3 Europe Air Fryer Market Size and Forecast, By Product Type
10.4 Europe Air Fryer Market Size and Forecast, By End Use
10.5 Europe Air Fryer Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Air Fryer Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Air Fryer Market Share Analysis, By Function
11.3 Asia Pacific Air Fryer Market Size and Forecast, By Product Type
11.4 Asia Pacific Air Fryer Market Size and Forecast, By End Use
11.5 Asia Pacific Air Fryer Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Air Fryer Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Air Fryer Market Share Analysis, By Function
12.3 Latin America Air Fryer Market Size and Forecast, By Product Type
12.4 Latin America Air Fryer Market Size and Forecast, By End Use
12.5 Latin America Air Fryer Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Air Fryer Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Air Fryer Market Share Analysis, By Function
13.3 Middle East Air Fryer Market Size and Forecast, By Product Type
13.4 Middle East Air Fryer Market Size and Forecast, By End Use
13.5 Middle East Air Fryer Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Philips
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Bajaj Electricals
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Meyer Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Avalon Bay
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Black+Decker
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Conair Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 NuWave LLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Domu Brands
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Newell Brands
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Breville
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
