Overview of Air Fryer Market Study
The most recent publication by Markntel Advisor provides an extensive and unbiased analysis of the Global Air Fryer Market, including its size, growth prospects, demand, share, and future scope. This comprehensive report is a culmination of meticulous research, unbiased opinions, and relevant data, addressing various aspects of the industry and its global market impact. Prepared by expert researchers, the report prioritizes the interests of shareholders and offers a detailed overview of the industry, covering every minute section and consolidating the major factors influencing market fluctuations.
Report Timeline:
- Historical period: 2018 - 2021
- Base Year: 2022
- Forecasting period: 2023 - 2028
The Report Include Answers The Following Questions:
- What are the key drivers and trends in the industry, and how is the market structured?
- How are the market segments divided, and what is their respective size?
- Which segments and geographies offer the most expansion opportunities?
- What is the competitive landscape and market positioning of the players?
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Estimation of Air Fryer Market Size and Growth Until 2028
The Global Air Fryer Market is projected to experience significant growth during the forecast period from 2023 to 2028, with an estimated Compound Annual Growth Rate (CAGR) of approximately 8%.
Geographical Breakdown of Air Fryer Market:
The Air Fryer market is categorized into the following regions:
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
Through regional analysis, the report aims to provide an overview and forecast of the market based on regional, cultural, regulatory, political, economic, social, technological, and other variations within the industry. This includes examining the presence or absence of major market players, consumer behavior, manufacturing sites, and other relevant factors.
Key Drivers of Air Fryer Market:
In recent years there has been a surge in the popularity of air fryers, owing to rapid urbanization & constantly changing lifestyles, which has increased health concerns, such as obesity, high/low blood pressure, etc., among individuals. This has led to a rise in health awareness among individuals, allowing them to adopt mindful cooking habits & transition to healthier cookware options.
Moreover, post-2020, there has been a rise in the health & wellness trend due to increased internet browsing. Social media played a very triggering role in the growth of the market, as it extensively promoted no or low-oil-based cooking habits & the benefits associated with it. Thereby also mentioning the use of air fryers instead of traditional fryers.
Hence, this had a psychological impact on the consumers to opt for conscious cooking habits, thus maintaining a good & healthy lifestyle regime, further enhancing the demand during 2018-28.
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List of Prominent Companies in the Air Fryer Market and Their Latest Investment/Development -
Midea launched its new line of air fryers with a capacity of up to 5.5L in Brazil. The launch of models initiated the presence of Midea in the market.
Other Companies –
- - Kokinklijke Philips N.V
- - LG Corporation
- - Stanley Black & Decker Inc.
- - Breville Group Ltd.
- - Groupe SEB
- - SharkNinja Operating LLC
- - Cuisinart
- - Go Wise USA
- - NuWave LLC
- - De Longhi
- - NeWell Brands
- - German Pool Group
- - Yedi Houseware Appliances
- - JoYoung
- - Bajaj Electricals Ltd.
- - Others
The research report extensively covers key market players and their developments in the Air Fryer market. The market is moderately fragmented, with numerous players holding insignificant market shares that individually impact the market dynamics. The report provides detailed information about these companies, including their profiles, offerings, financial data, key developments, and more.
Air Fryer Market Analysis 2023-2028: Complete Segmentation Study By Product Type
- Cylindrical Basket Air Fryer
- Air Fryer Oven
By End-user
- Household
- Hotels & Restaurant
- Hospitals
- Office & Others
By Capacity
- 1-3 Quarts (Small)
- 3-5 Quarts (Medium)
- 5-6 Quarts (Large)
- 6-16 Quarts (Extra Large)
By Distribution Channel
- Hypermarket/ Supermarket
- Small Electronic Stores
- Online
The market is broadly fragmented, encompassing various segments and sub-segments. The report aims to define, study, and predict the trajectory of each bifurcation, presenting information, trends, and advancements that affect the flow of these segments. This helps stakeholders navigate and thoroughly investigate the industry down to its minute details.
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Parameters for Examining the Air Fryer Market Report
- This study offers a comprehensive examination of the Air Fryer Market, presenting valuable insights into its key patterns, advancements, drivers, and challenges. It focuses on different market segments, identifying potential milestones for growth throughout the projected timeframe.
- This market research report illuminates the significant factors that are shaping the dynamics of the market. It discusses the obstacles and opportunities that competitors are encountering. Furthermore, it delves into the industry's fluctuations, providing detailed insights and predictions that influence its growth in terms of market segmentation and geographical landscape.
- Additionally, the report conducts an in-depth analysis of the competitive structure and fragmentation within the industry. It emphasizes crucial aspects such as alliances, mergers and acquisitions, strategic loyalty, and investment. These insights provide a comprehensive understanding of the current state of the market and its future prospects.
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