Air Fryer Market
2019 Analysis and Review Air Fryer Market by Product Type- Manual & Digital Air Fryer for 2019 - 2027
- 2020-03-19
- REP-GB-11157
- 123 Tables
- 99 Figures
- 250 pages
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Press Release:
Air Fryer Market Trend Analysis
Air Fryer Market Value to Reach ~US$ 1.4 Bn in 2027
Growing health consciousness among consumer, especially for low oil or no oil food consumption, rise in innovative product launches, and high demand from commercial sector such as hotels, restaurants & hospitals are expected to drive the air fryer market across the globe. This has translated into rising demand for digital air fryer as compared to manual air fryer in the global market. Exhibiting a moderate CAGR of 6.8% yearly growth in revenues, the global air fryer market will surpass ~US$ 1.4 Bn mark in 2027. This FMI study reveals that the market will grow at a steady pace during 2019 – 2027.
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What is future prospect for the air fryer market?
The global air fryer market is expected to grow at a rapid pace in East Asia & South Asia region owing to the increasing number of health conscious consumers, rapid urbanization, and rising Chinese player’s presence in Asia Pacific countries.
Which region will lead the global sales of air fryer market?
Europe remains the largest shareholder in the global air fryer market however, East Asia will continue to expand at highest CAGR and expected to hold the highest revenue share by 2027.
Which end user segment witnesses most lucrative growth opportunities?
Air fryer market holds the highest value share in residential category however, growth opportunity will continue to expand the market in commercial sector such as hotels, restaurants and hospitals.
Which sales channel will be the most lucrative in future?
Online platforms will be the most lucrative sales channel during the forecast owing to vast product availability on online platforms to compare price, product design & features, secured transaction/ payment and at door step delivery. Moreover, return or exchange policy on online platforms attracts the consumers towards more online purchases.
Digital Air Fryer Showcase Significant CAGR of 7.7%
Driven by health consciousness, changing lifestyle, rapid urbanization, and introduction of multiple cooking mode, digital air fryer market is expected to showcase a significant CAGR of 7.7% over the forecast period. Digital air fryer is equipped with latest features such as LCD display, temperature sensing technology, adjustable thermostat control, different functional mode such as max crisp, air fry, air roast, air broil, bake, reheat, dehydrate are expected to drive the demand for air fryer market. The manual air fryer in other hand, offers only fries, roast, & grill option to cook. Hence, at present, most of the manufacturers are now focusing on digital air fryer which ensure the growth of the product in the global market.
East Asia to Drive the Growth of Air Fryer Market
Europe is accounted as the leading region in the global air fryer market in 2019 owing to high health consciousness among consumers, greater product knowledge, high adoption rate, and concentration of manufacturers in the region. However, East Asia is ready to snatch the market share from Europe & North America with highest CAGR during the forecast. East Asia is expected to gain the highest value share 28.7% by 2027 owing to large consumer base, growing urban population and health conscious consumers and large number of Chinese players in the region.
* This data is only a representation. Actual data may vary and will be available in report.
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2014
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2019
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2022
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2029
Prominent Players are Significantly Shirting towards Online Platform to Increase Customer Base
Players in the market are significantly engaged in e-commerce channel to sell their products online and increase market footprint across the globe. Companies are also considerably investing in strategic partnership with third party online sellers to increase their product availability. Moreover, as rising number of nuclear families, changing lifestyle, busy schedule, and increasing internet penetration, consumers are now purchasing products through online channels. Thus, the growing trend of online purchase is creating an opportunities for companies to promote and market their products through social media platform is one of the primary factors significantly boosting sales of air fryer across the world.
Manual air fryer holds leading revenue share
Digital air fryer to showcase noteworthy CAGR
Household segment has highest value share as compared to commercial
Commercial segment is expected to witness highest CAGR during the forecast
Supermarkets/ hypermarkets to remain top in sales channel
Online sales channel will expand at highest CAGR during the forecast
How Growth will Unfold
The growth of the air fryer market is significantly dependent on the product adoption rate, mainly in urban areas. The growing consciousness among consumers are high among urban population as compared to rural population. Moreover, disposable income & change in lifestyle will also have a significant impact on the sale of air fryers. New innovative product launches will support the market demand from manufacturers end. Growing cooking trend, growth in household numbers will surely uplift the residential use of air fryer market however, higher growth is expected hotels and restaurants. China will play a major role in East Asian market growth owing to availability of low priced Chinese products and rising health consciousness among East Asian population. As per National Bureau of Statistics (NBS), in urban areas, per capita disposable income had raised 5.5% in 2018 as compared to 2017. All these factors are expected to act as growth parameter for air fryer market.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Air Fryer Market: Global Industry Analysis 2013-2018 & Opportunity Assessment 2019-2027
A recent market study published by Future Market Insights on the air fryer market offers global industry analysis for 2013-2018 & opportunity assessment for 2019–2027. The study offers a comprehensive assessment of air fryer market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Air Fryer Market Taxonomy
The global air fryer market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Manual
- Digital
End Use
- Household
- Commercial
Sales Channel
- Direct Sales
- Supermarket/Hypermarket
- Department Stores
- Specialty Stores
- Online
- Other Sales Channel
Price
- High
- Mid-Range/Economy
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
What's Included
The executive summary of the air fryer market includes the market country analysis, opportunity assessment, and recommendations on the global air fryer market.
Readers can find the detailed segmentation and definition of the air fryer market in this chapter, which will help them understand basic information about the air fryer market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the air fryer market report. The associated industry assessment of the air fryer market is carried out in this section. The macroeconomic factors affecting growth of the air fryer market are provided in this section and the impact of these macroeconomic indicators on the air fryer market is analyzed. The technological advancements in the air fryer market is also provided. The drivers and restraints impacting the growth of the air fryer market are explained in this chapter. Opportunities and ongoing trends in the air fryer market are also comprehensively discussed.
This chapter includes detailed analysis of the historical air fryer market (2013-2018), along with an opportunity analysis for the forecast period (2019-2027). This chapter provides details about the air fryer market on the basis of product type, end use, price and sales channel. This chapter explains how the air fryer market is anticipated to grow across North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the air fryer market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. This chapter provides details about the North America air fryer market on the basis of product type, end use, price, and sales channel.
This chapter includes a detailed analysis of the growth of the air fryer market in the Latin America region, along with a country-wise assessment that includes the Brazil, Mexico & Rest of Latin America. This chapter provides details about the North America air fryer market on the basis of product type, end use, price, and sales channel.
Important growth prospects of the air fryer market based on product type, end use, price, and sales channel for all countries such as Germany, U.K., Spain, France, Italy and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the air fryer market in East Asia region including the important growth prospects of the air fryer in several countries such as China, Japan, South Korea, and Rest of East Asia are included in this chapter.
This chapter includes a detailed analysis of the growth of the air fryer market in the South Asia & Pacific region, along with a country-wise assessment that includes, India, Thailand, Indonesia, New Zealand, Australia, and Rest of South Asia & Pacific.
This chapter offers insights into how the air fryer market is expected to grow in major countries in the MEA region such as GCC Countries, Northern Africa, South Africa, and Rest of MEA, during the forecast period 2019-2027.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the air fryer market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the air fryer market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Koninklijke Philips N.V., Cuisinart, SharkNinja Operating LLC, Avalon Bay, Groupe SEB, De'Longhi S.p.A, Tefal, DASH (StoreBound LLC), Breville, GoWISE USA, TTK Prestige Ltd, NuWave, LLC, DOMU Brands Ltd.(Vonshef), Stanley Black & Decker, Inc., Pigeon Corporation and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the air fryer report. This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the air fryer market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Distributors
- Traders
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
Secondary Research
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Association of Home Appliance Manufacturers
- National Kitchen & Bath Association (NKBA)
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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