Air Fryer Market Size, Share, Growth Analysis, By Product(Cylindrical Air Fryers, Basket Air Fryers, Oven Air Fryers, Paddle Air Fryers), By Capacity(<10 liter, 15 liter, 20 liter, >25 lite), By End User(Residential and Commercial (Restaurants and Cafes, Hotels, Others)), By Distribution Channel(Offline (Hypermarkets/Supermarkets, Specialty Stores), and Online), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Air Fryer Market?

Global Air Fryer Market size was valued at USD 708.53 Billion in 2022 and is expected to grow from USD 759.54 Billion in 2023 to reach USD 1324.68 Billion by 2031, at a CAGR of 7.20% during the forecast period (2024-2031).

Report ID: SQMIG30I2230 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 120 | Figures: 79

Air Fryer Market Regional Insights

Throughout the forecast period, the air fryer market is anticipated to be dominant in Asia Pacific. In Asia Pacific, the market is expected to increase as a result of rising disposable incomes, rising consumer health consciousness, and rising demand for convenient cooking methods. The Asia-Pacific region dominates the world market for air fryers; rising economic development, rising FDI investments, rapid industrialization, government initiatives like Make in India, and rising consumer spending on home appliances in the region's developing economies are likely to be the major drivers of market growth over the course of the forecast period.

North America is expected to be the growing market for air fryers during the forecast period. The growth of the market in North America is attributed to the increasing health consciousness among consumers, rising disposable incomes, and the growing popularity of online shopping

Air Fryer Market Report Snapshots

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Air Fryer Market size was valued at USD 708.53 Billion in 2022 and is expected to grow from USD 759.54 Billion in 2023 to reach USD 1324.68 Billion by 2031, at a CAGR of 7.20% during the forecast period (2024-2031).

The competitive landscape is dynamic, with players constantly innovating and expanding their product portfolios to cater to evolving consumer preferences and stay ahead in the market. The competitive landscape is characterized by the presence of established kitchen appliance manufacturers, as well as new entrants focusing specifically on air fryer products. 'Philips (Netherlands)', 'Gourmia (United States)', 'Cuisinart (United States)', 'Ninja (United States)', 'Instant Brands (Canada)', 'Cosori (China)', 'Black+Decker (United States)', 'Tefal (France)', 'NuWave (United States)', 'Dash (United States)', 'GoWISE USA (United States)', 'Breville (Australia)', 'Chefman (United States)', 'Kalorik (Belgium)', 'Hamilton Beach (United States)', 'Farberware (United States)', 'Bella (United States)', 'Aobosi (China)', 'PowerXL (United States)', 'Krups (Germany)', 'ChefWave (United States)', 'Avalon Bay (United States)'

Air fryers provide a convenient and time-saving cooking solution. They offer faster cooking times compared to conventional ovens and stovetops. The ease of use and quick cooking process of air fryers attract consumers who are looking for convenient and hassle-free cooking appliances, particularly those with busy lifestyles.

Adoption of Hybrid Cooking Appliances: Hybrid cooking appliances that combine multiple functions, such as air frying, toasting, baking, and grilling, are gaining popularity. These versatile appliances offer consumers the convenience of multiple cooking methods in a single device, reducing the need for separate appliances and saving kitchen space.

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Air Fryer Market Regional Insights

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