Global Air Fryers Market to Eyewitness Massive Growth by 2033 With A CAGR of 7.6%

The global air fryer market is expected to witness significant growth in the coming years, according to a new market research report released today. The report, which was conducted by Market Square Insights, analysed current market trends and projected future growth rates for the air fryer industry.

Air fryers are increasingly becoming a popular alternative to traditional deep fryers, as they use hot air to cook food instead of oil. This makes them a healthier option for consumers who want to enjoy fried food without the added calories and fat.

The report found that the global air fryer market is expected to grow at a CAGR of 7.6% during the forecast period. The market holds a share of US $ 895 million in 2023 while expecting revenue of US $1.8 million by 2033.

This growth is attributed to several factors, including increasing health consciousness among consumers, growing demand for convenience food products, and the availability of a wide range of air fryer models at varying price points.




The key drivers of the global air fryer market include:

• Increasing health consciousness among consumers: As consumers become more health-conscious, they are looking for ways to reduce their intake of calories and fat while still enjoying their favourite fried foods. Air fryers offer a healthier cooking option, which is driving their popularity.

• Growing demand for convenience food products: With busy lifestyles and hectic schedules, consumers are increasingly looking for convenient food options that can be prepared quickly and easily. Air fryers offer a quick and convenient way to prepare fried foods at home, which is driving their demand.

• Availability of a wide range of air fryer models at varying price points: With the availability of a wide range of air fryer models at varying price points, consumers can choose a product that fits their budget and meets their specific needs.

• Increasing adoption of Western-style diets: The increasing adoption of Western-style diets in emerging markets is driving the demand for air fryers. As consumers in these markets look to incorporate more fried foods into their diets, air fryers offer a healthier cooking option.

• Rising popularity of home cooking: With the COVID-19 pandemic forcing people to stay at home, there has been a rise in the popularity of home cooking. Air fryers offer a convenient and healthier way to prepare fried foods at home, which is driving their demand.

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Some of the key challenges include:

• Limited cooking capacity: Air fryers typically have a limited cooking capacity, which may not be sufficient for larger families or for those who like to entertain guests.

• High initial cost: Air fryers can be more expensive than traditional deep fryers, which may deter price-sensitive consumers from purchasing them.

• Competition from other cooking appliances: Air fryers face competition from other cooking appliances such as ovens and grills, which offer similar cooking functions.




To overcome these challenges and capitalize on the growth opportunities in the market, air fryer manufacturers should focus on innovation and product differentiation. This can be achieved by:

• Increasing the cooking capacity of air fryers: Manufacturers can develop larger air fryers that can accommodate larger food items and larger quantities of food.

• Offering competitive pricing: Manufacturers can offer air fryers at competitive prices to make them more accessible to price-sensitive consumers.

• Investing in research and development: Manufacturers can invest in research and development to develop new and innovative air fryer models with advanced features and functionalities.

• Expanding distribution channels: Manufacturers can expand their distribution channels to reach a wider customer base, including online sales channels and retail partnerships.

• By taking these steps, air fryer manufacturers can stay ahead of the competition and meet the evolving needs of consumers, driving growth and profitability in the global air fryer market.




Key Companies Profile in the Report:

Philips
Avalon Bay
GoWISE USA
Tefal
Bigboss
Vonshef
Cozyna
Living Basix
Homeleader
Rosewill
Glip

By Type:

Drawer Type Air Fryer
Lid Type Air Fryer

By Application:

Households
Restaurants

Get more insights > https://marketsquareinsights.com/air-fryer-2/




Recent news on the global air fryer market:

• According to a report by Market Research Future, the global air fryer market is expected to reach $1.2 billion by 2026, growing at a CAGR of 6.2% from 2022 to 2028.

• Recently Philips Airfryer XXL won the prestigious Red Dot Award for product design, in recognition of its innovative design and functionality.

• Another major key player, GoWISE USA announced the launch of its new air fryer oven, which features a large cooking capacity and multiple cooking functions.

• Tefal launched its new ActiFry Genius XL air fryer, which features advanced cooking technology and a large cooking capacity.

• Overall, these news articles suggest that the global air fryer market is continuing to grow and evolve, with manufacturers introducing new products and features to meet the changing needs of consumers.





Conclusion:

Based on the information available, the global air fryer market is expected to continue to grow in the coming years.

This growth can be attributed to factors such as increasing health consciousness among consumers, growing demand for convenience food products, availability of a wide range of air fryer models at varying price points, increasing adoption of Western-style diets, and the rising popularity of home cooking.

However, there are also challenges such as limited cooking capacity, high initial cost, and competition from other cooking appliances that air fryer manufacturers need to address to capitalise on the growth opportunities in the market.

In order to overcome these challenges and drive growth, air fryer manufacturers should focus on innovation and product differentiation by increasing cooking capacity, offering competitive pricing, investing in research and development, and expanding distribution channels.

Overall, the global air fryer market is expected to continue to evolve, with manufacturers introducing new and innovative products and features to meet the changing needs of consumers.




Table of Contents of report include:

1. Executive Summary
2. Introduction
3. Market Overview
o Market Size and Forecast
o Market Segmentation
o Market Dynamics
4. Key Drivers of the Market
5. Challenges and Opportunities
6. Regulatory Landscape
7. Competitive Landscape
· Market Share Analysis
· Company Profiles
8. Regional Analysis
· North America
· Europe
· Asia-Pacific
· Rest of the World
9. Future Outlook and Projections
10. Conclusions and Recommendations






Key Reasons to Purchase:

> To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.

> Assess the production processes, major issues, and solutions to mitigate the development risk.

> To comprehend the industry's most important driving and restraining forces, as well as their influence on the global market.

> Learn about the market strategies used by the most successful companies in their fields.

> To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Air Fryer 2015-2022, and development forecast 2021-2030 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2021.
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About Us:
Market Square Insights is a market research and consulting firm.

At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping the clients achieve transformational growth by helping them make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our client.




Find Us:
Akshita Jain
New Sangavi, Pune-61, India


Phone:
IND: +91 9405802422
USA: +1 315 557 6479

Email:
sales@marketsquareinsights.com

Find Us:
Akshita Jain
New Sangavi, Pune-61, India


Phone:
IND: +91 9405802422
USA: +1 315 557 6479

Email:
sales@marketsquareinsights.com

About Us:
Market Square Insights is a market research and consulting firm.

At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping the clients achieve transformational growth by helping them make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our client.

This release was published on openPR.