openPR Logo
Press release

Air Fryer Market Growing At A CAGR Of 6.1% And To Target $1.42 Billion By 2026

06-29-2022 07:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Air Fryer Market Growing At A CAGR Of 6.1% And To Target $1.42

According to a new report published by Allied Market Research, titled, "Global Air Fryer Market by End User and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global air fryer market size was $894.3 million in 2018, and is projected to reach $1,425.7 million by 2026, registering a CAGR of 6.1% from 2019 to 2026.

Air fryers are largely used as an alternative to deep fryers. Air fryers uses a minimal amount of oil as compared to traditional deep fryers. The air fryers maintain flavors and textures of food as traditional fryers. Air fryers uses heated air enriched with very fine droplets of oil used for removing the moisture out of the food. Air fryer consists of two major components fan and heating coil. The heating coils are used for heating surrounding air and then circulated with the help of fan.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6199

Rapid growth of the hospitality industry is expected to be the major driver of the global air fryer market. Busy lifestyles have led to changes in the eating habits of the majority of the global population. Changes in eating habits have led to increasing demand for ready-to-eat-food products, which lead to a rise in the number of QSR hotels and restaurants. The end user from HORECA industry are actively seeking for more advanced, compact and effective equipment to increase their efficiency. This increasing demand for such advanced cooking equipment which includes air fryers is anticipated to propel the revenue growth in near future.

Deep frying of food items in traditional fryer often led to formation of toxic compounds such as acrylamide in certain foods such as meat. International Agency for Research on Cancer states that, the acrylamide may have links to the development of cancers such as ovarian, endometrial, breast, pancreatic, and oesophageal cancer. Furthermore, studies suggest that intake of acrylamide have detrimental cancer-causing effects on kidney and it also damages nervous system as well. As a result, by switching to air frying from deep fryers, people can lower the risk of having acrylamide in their food. The growing awareness towards hazardous effect of deep fried food and availability of effective alternatives are expected to boost the revenue growth of air fryer market during the forecast period.

Report for Customization at : https://www.alliedmarketresearch.com/request-for-customization/6199

The global air fryer market is segmented into end user, sales channel and region. Depending on end user, the air fryer market is bifurcated into residential and commercial. Based on sales channel the global market is studied across hypermarket & supermarket, specialty store and online sales channel. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

Key Finding of The Air Fryer Market:

North America leads in terms of air fryer market revenue share and is expected to retain its dominance during the forecast period.
The U.S. was highest contributor to the North America air fryer market, with $323.4 million in 2018 revenue, and is estimated to reach $476.7 million by 2026, growing at a CAGR of 5.0% during the forecast period.
In 2018, based on sales channel, the hypermarket & supermarket segment accounted for about half of the global air fryer market share in 2018, and is expected to grow at the CAGR of 5.2% from 2019 to 2026. However, this segment is expected to lose market share to online sales channel
The online sales channel and specialty store segments are expected to witness significant growth rates at a CAGR of 6.6% and 7.9% respectively, during the forecast period.
The residential end user segments accounted for about 57.8% share of the air fryer market in 2018,and is poised to grow at significant CAGR during the forecast period.
In 2018, based on region, Asia-Pacific is anticipated to grow with robust CAGR of 7.1% during the forecast period.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6199

Some of the key players in the air fryer market analysis includes Koninklijke Philips N.V., BLACK+DECKER Inc., Conair Corporation, Avalon Bay, Breville Group Ltd, Meyer Manufacturing Company Limited, GoWISE USA, NuWave LLC, Groupe SEB, Newell Brands.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Air Fryer Market Growing At A CAGR Of 6.1% And To Target $1.42 Billion By 2026 here

News-ID: 2666858 • Views: 220

More Releases from Allied Market Research

Juniper Berry Market 2021-2030 | Florihana Distillerie, Inovia International, Bi …
Juniper berry oil is derived from the ripe fruit of the juniperus species, which include juniperus communis, juniperus phoenicea, and others. Juniper berry oil is generally employed in the food and beverage business, where it is primarily used as a flavoring in food cuisines, but it is also in high demand for pharmaceutical, cosmetics, and personal care goods due to its antibacterial and therapeutic characteristics. It is used to treat
Frozen Bakery Products Market Size, Share, Industry Growing Rapidly with Recent …
Frozen bakery products market includes bread, cakes, pastries, and donuts, which are derived from corn, rice, wheat, barley, oats, and rye. The consumption of these sources being used as the raw materials for bakery product varies across the world. These are rich in nutrition and taste, exhibit comparatively longer shelf life, and are convenient to use, which drive the demand for these products in the market. Frozen bakery products are
Biodegradable Mulch Film Market Value To Cross $62,039 Thousand By 2023 | Growth …
According to a new report published by Allied Market Research, titled, "Biodegradable Mulch Film Market by Raw Material Type and Crop Type: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global biodegradable mulch film market was valued at $33,699 thousand in 2016, and is projected to reach at $62,039 thousand by 2023, registering a CAGR of 9.3% from 2017 to 2023. Biodegradable mulch film is a mulching technique wherein waste from
Animal Nutrition Chemicals Market | Know About Brand Players: Novozymes, BASF SE …
Animal nutrition chemicals are essential feed additive products to boost the growth of animal and to maintain their health. These are widely used in feed industry to improve the quality of product and improve the results. Increase in domesticated animals and livestock population drive the growth of the animal nutrition chemical market. Moreover, rise in pet health care centers and veterinaries fuel the market growth. Further, rapid industrialization of livestock farming,

All 5 Releases