Air Fryer Market to Thrive at A CAGR of Around 8% Throughout 2023-2028

Air Fryer Market to Thrive at A CAGR of Around 8% Throughout 2023-2028

January 2, 2024
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Markntel Advisors has published a research report, titled, Global Air Fryer Market Size. As per the research report, The Global Air Fryer Market is anticipated to experience a compound annual growth rate of around 8% throughout the forecast period from 2023 to 2028. This growth is attributed to the increasing trend among individuals to adopt healthier eating and cooking practices. A notable shift has been observed as consumers’ steer away from oil-based dishes, particularly fried food, aiming to mitigate the risks associated with obesity, diabetes, peripheral artery disease, high blood pressure, and stroke. The significant presence of saturated fat in cooking oils stands out as a primary contributor to the development of these health concerns.

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Comprehensive Analysis of the Air Fryer Market

Our research provides valuable insights into key market trends, consumer behavior, and competitive landscapes across diverse industries. We meticulously track market trends to shed light on both positive and negative factors that have historically influenced consumer behavior. Furthermore, our report delves into a comprehensive analysis of market challenges and constraints that impeded growth in the past or are anticipated to emerge during the forecast period. Also, we explore the drivers of market growth, substantiating our findings with numerous examples.

Growing Health Consciousness Among People Favours Market Growth

Over the past few years, air fryers have gained significant traction, driven by the rapid pace of urbanization and evolving lifestyles. This shift has heightened health concerns, including issues like obesity and fluctuating blood pressure, prompting individuals to become more health-conscious. As a result, there is a notable increase in awareness regarding healthy cooking practices, encouraging people to switch to more mindful culinary habits and opt for healthier cooking appliances.

The Global Rise of Advanced Digital Air Fryers

The surge in popularity of digital air fryers is noticeable worldwide, with consumers increasingly opting for these advanced kitchen appliances. These fryers come equipped with features like LCDs, temperature sensors, and adjustable thermostat controls, contributing to their widespread appeal. The inclusion of various multi-cooking modes such as max crisp, air fry, air roast, air broil, bake, reheat, and dehydrate further enhances their attractiveness, driving demand in the global market. Recognizing this trend, major manufacturers like Havells, Inalsa, Kenstar, and others are actively producing digital air fryers to meet the growing global demand.

Global Air Fryer Market Research Report: Forecast (2023-2028)

  • 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)
  • By Company (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)

Cylindrical Basket Segment Garners the Maximum Traction

The Cylindrical Basket air fryer’s rapid forecasted growth is attributed to its detachable basket, serving as both a cooking utensil and household tool. This feature facilitates easy food tossing, preventing sticking and burning. The basket’s removal simplifies cleaning, appealing to consumers. The air fryer’s market prominence is further boosted by its time-efficient frying process, utilizing upside-down air circulation for thorough cooking.

Key Questions Answered in this Air Fryer Market Research Report

1.What are the anticipated technological advancements shaping the future of the Global Air Fryer Sector, and how will they impact production capacity, output, and overall industry value?

2.What are the emerging trends reshaping these market dynamics?

3.What key forces are steering the dynamics of the Air Fryer sector, and what potential opportunities and obstacles can be identified on the horizon?

6.What innovative approaches can be employed in marketing and distribution channels to gain a competitive edge?

About Us:

MarkNtel Advisors is a leading market research company, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients to identify attractive investment opportunities and maximize ROI through an early mover advantage.

We understand the growing need of our clients and thus focus on emerging industries to provide our services which can fulfil their need for assessing the current and future industry potential, identification of white spaces & hotspots and venturing into new geographies or business segments.

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