The worth of the worldwide air fryer market is estimated at USD 982 million by 2024. The sale of air fryers is expected to increase at a CAGR of 6.7%, reaching a valuation of USD 1,883 million by 2034.
Increased consumer health consciousness and demand for effortless, time-saving cooking solutions stimulate demand for air fryers. Some major barriers to further enlarging the market for air-frying devices include competition with other cooking devices, reliance on power, and low capacity for cooking large volumes.
Other positive drivers of the healthy cooking appliances market include the increase in online shopping platforms and e-commerce and the introduction of smart technologies for home appliances. In contrast, air fryers are forecasted to have the potential to affect their market because consumers might be unaware of air fryers and the benefits associated with them.
Air Fryer Sales Landscape
| Attributes | Details |
|---|---|
| Market Value for 2024 | USD 982 million |
| Market Value for 2034 | USD 1,883 million |
| Market CAGR from 2024 to 2034 | 6.7% |
The segmented market analysis of air fryer is included in the following subsection. Based on comprehensive studies, the automatic sector is leading the device type category, and the 1200 to 1500 watt segment is commanding the wattage category.
With a predicted market share of 96.4% in 2024, the automatic air fryer segment is projected to be the undeniable winner. This supremacy makes sense in light of the following:
| Leading Segment | Automatic |
|---|---|
| Segment Share | 96.4% |
With a 35.7% market share predicted for 2024, the 1200 to 1500 watt segment is set to dominate the market. Several factors about the preference:
| Leading Segment | 1200 to 1500 Watt |
|---|---|
| Segment Share | 35.7% |
The market for oil-less fryers has been expanding substantially in the period 2018 to 2022 with air fryers gaining popularity as consumers seek healthier methods of cooking.
Survey data on short, mid, and long-term opinions allows a comprehensive analysis of the smart air fryer market as it changes. Examining short-term, mid-term, and long-term opinions provides an in-depth analysis of the shifting smart air fryer market.
Short-term Analysis (From 2018 to 2022):
| Attributes | Details |
|---|---|
| Market CAGR from 2019 to 2023 | 6.4% |
Mid-term Analysis (From 2023 to 2028):
Long-term Analysis (From 2028 to 2033):
The air fryer market is observed in the subsequent tables, which focus on the leading economies in North America, Europe, and Asia Pacific. A comprehensive evaluation demonstrates that the United Kingdom has enormous opportunities due to its resilient air fryer manufacturers.
Loaded with promise, the United Kingdom's low-fat frying appliances market is expected to develop at a robust CAGR of 8.3% through 2034. This expansion is driven by:
| Countries | United Kingdom |
|---|---|
| CAGR | 8.3% |
The India air frying device market is expected to develop at a 6.8% CAGR through 2034. This expansion is sustained by:
| Countries | India |
|---|---|
| CAGR | 6.8% |
The air fryer sector in Germany is expected to evolve at a 5.8% CAGR through 2034. This is outlined below:
| Countries | Germany |
|---|---|
| CAGR | 5.8% |
The United States air fryer market is anticipated to display a moderate CAGR of 4.3% through 2034. This is explained by:
| Countries | United States |
|---|---|
| CAGR | 4.3% |
The China air fryer business is expected to expand at a low 2.5% CAGR through 2034. This is described as follows:
| Countries | China |
|---|---|
| CAGR | 2.5% |
Leading air fryer providers, including Hamilton Beach, Breville, Instant Pot, BLACK+DECKER, Philips, Cuisinart, Ninja, Cosori, Dash, and GoWISE USA, are highly competitive. By fostering innovation and satisfying customers' desires for healthier culinary options, these businesses have established themselves as significant air fryer vendors in the market expansion.
Regarding technological innovations and longevity, Ninja, Cosori, and Dash are well-known, while Philips and Cuisinart offer novel viewpoints and innovative attributes. With its adaptable and user-friendly solutions, GoWISE USA and Instant Pot serve many customers.
Breville, Hamilton Beach, and BLACK+DECKER add dependable and effective air fryer devices to the competitive field. As the major air fryer manufacturers fight to satisfy consumer demands and hold onto their positions in the quickly growing market, the market dynamics are still changing.
Latest Advancements
| Company | Details |
|---|---|
| CIXI GSTAR ELECTRIC APPLIANCE CO., LTD. | CIXI GSTAR ELECTRIC APPLIANCE CO., LTD. declared in October 2023 that it is anticipated to exhibit at the 2024 Consumer Electronics and Home Appliances Exhibition in São Paulo, Brazil. By participating in the expo, the company is likely to establish a strong presence in the market and increase brand awareness among professionals in the sector and potential customers. |
| Breville | Breville's first smart linked product, the Joule Oven Air Fryer Pro, was introduced in March 2022. Using built-in buttons and dials, it may be manually programmed. When paired with the Joule oven app, users can select from more than a hundred recipes that walk them through the cooking process. |
| Shark Ninja | Shark Ninja is launching the Ninja Foodi 2-Basket Air Fryer in July 2020. Unlike conventional air fryers, the fryer has a two-basket cooking mechanism for greater adaptability. With its 8-quart capacity and DualZone technology, the air fryer allows the user to cook two items simultaneously. |
| Philips | Philips unveiled the Airfryer XXL with Smart Sensing technology in September 2019. By taking away the unknown, technology makes cooking easier. A 'tornado' of hot air is used by the air fryer's special fat removal technology to remove extra fat, which is then collected in the fryer's bottom for convenient disposal. |
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2024) | USD 982 million |
| Projected Market Size (2034) | USD 1,883 million |
| CAGR | 6.7% (2024 to 2034) |
| Base Year for Estimation | 2023 |
| Historical Period | 2019 to 2023 |
| Projections Period | 2024 to 2034 |
| Quantitative Units | USD million for value and units for volume |
| Device Types Analyzed (Segment 1) | Manual, Automatic |
| Wattage Levels Analyzed (Segment 2) | Below 1200 Watt, 1200 to 1500 Watt, 1500 to 1800 Watt, 1800 to 2200 Wattage, 2200 Wattage and Above |
| End Uses Analyzed (Segment 3) | Commercial, Residential |
| Price Ranges Analyzed (Segment 4) | Below USD 25, USD 25 to USD 100, USD 100 to USD 200, USD 200 to USD 300, USD 300 and Above |
| Sales Channels Analyzed (Segment 5) | Direct Sales, Supermarket/Hypermarket, Department Stores, Specialty Stores, Online Retailers, Other Sales Channel |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Countries Covered | United States, Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, Italy, Spain, Netherlands, China, India, Japan, South Korea, ANZ, GCC Countries, South Africa |
| Key Players influencing the Air Fryer Market | Koninklijke Philips N.V., Stanley Black and Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation), Meyer Manufacturing Company Limited, GoWISE USA (Ming’s Mark Inc), NuWave, LLC, De’ Longhi Appliances S.r.l |
| Additional Attributes | Dollar sales by product type (manual vs. automatic), Dollar sales by wattage category, Dollar sales by price range, Dollar sales by end use (residential vs. commercial), Dollar sales by sales channel (online, hypermarket, specialty), Trends in energy-efficient and compact cooking appliances, Preferences for convenience and smart-cooking features, Regional demand shifts for home cooking equipment |
| Customization and Pricing | Customization and Pricing Available on Request |
The demand for air fryer to secure a valuation of USD 982 million in 2024.
The air frying device market is estimated to reach USD 1,883 million by 2034.
Through 2034, the sales of air fryer are anticipated to expand at a 6.7% CAGR.
From 2019 to 2023, the air frying device market recorded a 6.4% CAGR.
The automatic sector is set to achieve a market share of 96.4% in 2024.
A 35.70% market share is expected for the 1200 to 1500 watt sector.
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Air Fryer Market
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