Air Fryer Market Report Overview
The report provides an analysis of both the current and future conditions in the Air Fryer market, delivering valuable insights and the latest information across essential segments. Within the context of the Air Fryer market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Air Fryer market, including the projected Air Fryer sales during the forecast period.
Global Air Fryer Market size was valued at US$ 8.63 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7.0% through 2023 to 2029, reaching nearly US$ 13.86 Bn.
Air Fryer Market Report Scope and Research Methodology
The primary goal of the Air Fryer market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Air Fryer market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Air Fryer market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Air Fryer market entrants. Moreover, the global report for the Air Fryer market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.
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Air Fryer Market Regional Insights
Europe dominates the Global market during the forecast period 2023-2029. Europe is expected to hold the largest market shares of 7% by 2029. Germany is Europe's most powerful regional market. Consumer health awareness is increasing, online penetration is increasing, and convenient financing alternatives, as well as discounts and offers from e-commerce giants, are all helping to drive sales in the country. Furthermore, the existence of prominent manufacturers such as Philips, Ninja, and Prestige is expected to boost demand for air fryers in Germany. These are the key factor that drives the growth of the Europe region in the global market during the forecast period 2023-2029.
Air Fryer Market Segmentation
by Product
Digital Air Fryers
Manual Air Fryers
the market is segmented into Digital Air Fryers, and Manual Air Fryers. Digital Air Fryers segment is expected to hold the largest market shares of 7% by 2029. This is due to rising usage of the digital equipment’s, increasing demand of automation, and raise awareness regarding health. Air frying is often healthier than frying in oil. It reduces calories by 70% to 80% and contains a lot less fat. This cooking method may help reduce some of the other negative consequences of oil frying.
by End User
Residential
Commercial
the market is segmented into Residential, and Commercial. Residential end-users segment is expected to grow rapidly at a CAGR of 7% during the forecast period. Due to lifestyle changes and higher disposable incomes, there is a surge in demand for air fryers among residential end users. The availability of electronic/digital offerings for domestic consumers is increasing in the market. In order to improve kitchen aesthetics, homeowners are increasingly seeking technologically advanced and intelligent kitchen equipment due to slow cooking and restricted usefulness of traditional kitchen appliances. These are the major factor that drives the growth of this segment in the global market during the forecast period 2023-2029.
by Distribution Channel
Online
Offline
the market is segmented into Online, and Offline. Online distribution channel segment is expected to grow rapidly at a CAGR of 14.5% during the forecast period 2023-2029. Product sales are aided by the increasing popularity of e-commerce suppliers such as Amazon and Flipkart. Furthermore, many well-known organizations have their own websites, which helps to the segment's growth. Furthermore, internet retailers' significant offers and discounts aid to boost product sales. These are the key drivers that boost the growth of this segment in the global market during the forecast period 2023-2029.
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Air Fryer Market Key Players
1. Koninklijke Philips N.V.
2. Tatung Company of America, Inc.
3. De'Longhi America Inc.
4. Ming’s Mark Inc.
5. Groupe SEB
6. Avalon Bay
7. Bajaj Electricals Limited
8. American Micronic Instruments
9. Mayer
10. Gorenje
11. Philips
12. Avalon Bay
13. GoWISE USA
14. Tefal
15. Bigboss
16. Vonshef
17. Cozyna
18. Living Basix
19. Homeleader
20. Rosewill
21. Glip
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Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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