Air Fryer Market Estimated To Surpass USD 1.05 Billion By 2025: Grand View Research, Inc.

September 25 03:16 2019
Air Fryer Market Estimated To Surpass USD 1.05 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, High demand from restaurants, hotels, and hospitals, is also expected to have boost the market growth. Moreover, high demand for energy-efficient products is expected to have positive impact on the air fryer market growth.

According to a report, “ Air Fryer Market Size, Share & Trends Analysis Report By Product (Manual, Digital), By Distribution Channel (Offline, Online), By Region (North America, Europe, APAC, MEA, Central & South America), And Segment Forecasts, 2019 – 2025 ”, published by Grand View Research, Inc., The global air fryer market size is anticipated to reach USD 1.05 billion by 2025, The market is anticipated to register a healthy CAGR of 7.0% over the forecast period i.e., from 2019 to 2025. Introduction of innovative products with improved designs is the key factor driving the growth of this market.

Based on product type, digital air fryer segment held the largest market share in 2018 and will retain its dominant position throughout the forecast years. The segment is also estimated to register the fastest CAGR from 2019 to 2025 due to increasing demand for energy-efficient kitchen appliances. Moreover, availability of advanced products with features, such as touch screen panel, fast preheating, and temperature control knob, is expected to fuel the demand for digital air fryers.

Offline segment held leading market share in 2018. High product visibility and increasing number of retailer stores, such as Walmart, in developing countries including India and China, is main factor driving the growth of this segment. The online distribution channel segment is anticipated to expand at the fastest CAGR from 2019 to 2025. Rising popularity of e-commerce retailers, such as Amazon.com, is the key factor boosting the product sales through online channels.

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Moreover, most of the prominent companies have their own websites, which also contributes to the segment growth. Europe was the leading region in 2018 and will retain its dominant position throughout the forecast years owing increasing health consciousness and resultant demand for air fryers. However, Asia Pacific is anticipated to expand at a fastest CAGR of 8.7% from 2019 to 2025.

U.S. air fryer market

Further key findings from the study suggest:

  • Europe is anticipated to be the largest regional market owing to high product demand as a result of rising health consciousness

  • The digital product segment is anticipated to expand at the fastest CAGR of 7.1% over the forecast period due to rising demand for energy-efficient digital products

  • Offline distribution channel was the leading segment in 2018 and will expand further due to rising number of retail stores, such as Walmart, across the globe

  • However, Asia Pacific is anticipated to register the maximum CAGR of 8.7% from 2019 to 2025. High awareness and demand for these products, especially in emerging countries like India and China

  • Key companies in the air fryer market are Koninklijke Philips N.V.; Cuisinart; SharkNinja Operating LLC; DASH (StoreBound LLC); Breville, Inc.; Havells India Ltd.; TTK Prestige Ltd.; KRUPS; and NuWave, LLC

Distribution Channel Insights

Offline distribution channel was leading segment in 2018. High product visibility and increasing number of retailer stores, such as Walmart, in developing countries including India and China, is main factor driving the growth of this segment. On the other hand, the online segment is anticipated to expand at the fastest CAGR of 8.0% from 2019 to 2025.

Global air fryer market

Rising popularity of e-commerce retailers, such as Amazon.com, is the key factor boosting the product sales through online channels. Moreover, most of the prominent companies have their own websites, which also contributes to the segment growth. In addition, different offers and discounts provided by online retailers help boost the product sales.

Regional Insights

Europe was the leading regional market in 2018. It is estimated to retain its dominant position throughout the forecast years owing increasing health consciousness and high product demand. Asia Pacific is anticipated to expand at the fastest CAGR of 8.7% from 2019 to 2025. Increasing consumer disposable income levels in emerging countries along with rising health consciousness is the key growth-driving factor. Moreover, presence of prominent companies, such as Philips, Prestige, and Ninja, is expected to have a positive impact on the region’s growth.

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Grand View Research has segmented the global air fryer market on the basis of product, distribution channel, and region:

Air Fryer Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Manual

  • Digital

Air Fryer Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Offline

  • Online

Air Fryer Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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