The global air fryer market is expected a windfall during the forecast period owing to the use of modern appliances and lowered use of cooking oil. Lifestyle changes and the surge in expendable income levels of consumers are major drivers of the market. The demand can rise due to its purchase by residential and commercial end-users. Emergence of healthy cafes and restaurants can spike the sales numbers of air fryers.
Sales of kitchen appliances due to offers and discounts on ecommerce sites can attract customers. This is evident with annual events for sales of these products and black Friday deals. In addition, the wave of health-consciousness among the populace and penchant for holiday gifts will bolster the global demand for air fryers. Setup of retail outlets and large store chains will be lucrative for the manufacturers. Technological breakthroughs will assist in sales of these appliances. For instance, Alexa Smart Oven can be operated with the help of its proprietary digital assistant and will suggest appropriate recipes according to the tastes of the customer.
By end user, the global air fryer market has been classified as residential and commercial. The former can exhibit a higher growth rate during the forecast period owing to the need for kitchen appliances by the middle class. But, the commercial segment can lead in the market till 2024 owing to setup of restaurants and other eating establishments.
On the basis of distribution, the global air fryer market has been divided into store-based and non-store-based. Further, the store-based segment has been categorized as supermarkets and hypermarkets and specialty stores. Among the two, the store-based segment can have a larger market share owing to customer trust and offerings of special sale prices.
NuWave, LLC, Groupe SEB, Meyer Corporation, Conair Corporation, Breville, Avalon Bay, GoWISE USA, Bajaj Electricals Ltd, Rosewill, Inc., and Koninklijke Philips N.V. are key players of the global air fryer market.
The global air fryer market has been studied with regard to four key regions—North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is likely to be the leading region in the market owing to the large number of customers in the U.S. Massive demand for nutrient-dense and low-calorie foods is the primary driver of the regional market.
Europe can hold a substantial share of the market owing to demand for kitchen appliances by the working class. Launch of digital air fryers embedded with advanced features such as temperature control knob, touch panel, and fast preheating can drive sales in regional air fryer market. High demand for the product and presence of prestigious companies will positively impact the region.
APAC can display the highest growth rate in the global air fryer market owing to change in lifestyles of the populace, rise in expendable income levels of customers, and rapid urbanization. Construction of modern kitchens can invoke the need for modern appliances and induce the demand for air fryers. Large number of large-scale retail stores and the rise of health-consciousness can bode well for the market.
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