Global Air Fryer Market By Product Type (Digital, Manual), Application (Residential, Commercial), Distribution Channel (Online, Offline), Type (Drawer Type Air Fryer, Lid Type Air Fryer), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Air Fryer Market
Global Air Fryer Market is expected to rise from its initial estimated value of USD 658.35 million in 2018 to an estimated value of USD 1121.89 million by 2026, registering a CAGR of 6.89% in the forecast period of 2019-2026. Rising health awareness among population is the major factor for the growth of this market.
Market Definition: Global Air Fryer Market
Air fryer is an appliance used in kitchen to cook fries and veggies by circulating the air around with the help of convection mechanism which make the food crispy. Drawer type air fryer and lid type air fryer are two types of the air fryers. Air fryer heats the food from all the direction and make sure that it is cooked properly. Rising demand for the healthy and fat free food is the major factor fuelling the growth of this market.
- Rising disposable income is driving the growth of this market
- Increasing demand for oil free food among population is another factor driving the growth of this market
- Long cooking hours is the major factor restraining the growth of this market
- High electricity consumption is another factor restraining the market growth
Segmentation: Global Air Fryer Market
By Product Type
- Quick Service Restaurants
By Distribution Channel
- E-commerce Retailers
- Company's Own Website
- Specialty Stores
- Multi-brand Retailers
- Drawer Type Air Fryer
- Lid Type Air Fryer
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
Key Developments in the Market:
- In March 2019, GE Appliances announced the launch of their new air frying mode in their new CAFÉ and GE Profile lines of built-in wall ovens. The main aim is to provide customer healthy and fat and calories free food so that they can adapt healthier eating habits. The company wants to make cooking experience easy.
- In Feb 2019, Gourmia announced the launch of their new line of toaster oven air fryers which consist of eight new models- GTF7700 -20-Qt Toaster Oven Air Fryer, GTF7350 -18-Qt Toaster Oven Air Fryer, GTF7355-18-Qt Digital Toaster Oven Air Fryer, GTF7450 – 27-Qt Digital Toaster Oven Air Fryer, GTF7455 – 27-Qt Digital Toaster Oven Air Fryer, GTF7600 – 19-Qt Digital Toaster Oven Air Fryer, GTF7650 – 19-Qt Toaster Oven Air Fryer and GTF7850 – 26-Qt Toaster Oven Air Fryer. This new product will provide two cooking technologies Gourmia's proprietary AeroCrisp technology and a toaster oven. The main aim of the launch is to meet the need and requirement of the kitchen and provide customer with advance technologies.
Global air fryer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of air fryer market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the air fryer market are Koninklijke Philips N.V., TATUNGUSA.COM, De’Longhi Appliances S.r.l., Ming’s Mark, Inc., Groupe SEB, Bajaj Electricals Ltd., American Micronic Instruments (India) Private Limited, Gorenje, Gourmia, Inc., homeleader, DOMU Brands Ltd., Basix-Living, Cuisinart, Avalon Bay, GE Appliances.
Research Methodology: Global Air Fryer Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure