Global Air Fryer Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Air Fryer Market 2021 (Includes Business Impact of COVID-19)
Global Air Fryer Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global Air fryer market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global air fryer market report has been segmented on the basis of product type, distribution channel, application, and region.
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The global Air Fryer market size was valued at USD$856.56 million in 2020 and is projected to reach USD$1646.57 million by 2030, and is anticipated to expand at a CAGR of 6.80% over the forecast period from 2020 to 2030.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global air fryer market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Air fryers is an electronic kitchen appliance that offers food frying function with minimum oil by circulating hot air using the convection mechanism in order to fry the food.

Dynamics:

Increasing concerns about cholesterol level in human body among individuals across the globe is a key factor expected to drive growth of the global air fryer market over the forecast period. Rising consumption of healthy food among individuals across the globe is resulting into rising demand for air fryer and is expected to boost growth of the global air fryer market in the near future.

In addition, increasing demand for frozen ready meal and already-fried-and-frozen foods across the globe, owing to increasing disposable income level is expected to support growth of the target market during the forecast period.

Increasing focus of food manufacturer towards introduction new products and promotional activities such as television advertisements for various products. Moreover, increasing customized air fryer products that are compatible with various type of food products by manufacturers to meet customized demand of end users across the globe is expected to proliferate growth of the global air fryer market in the next 10 years.

Furthermore, research & development activities, and technological innovations such as smart air fryer is expected to support market penetration and may result in growth of the target market in the near future.

However, high product cost, slow frying time, and limited food recipes compatibility with air fryer are major factors expected to restraint growth of the global market. In addition, availability of cost effective substitute products is expected to hamper growth of target market to a certain extent.

Segment Analysis:

On the basis of product type, the digital segment is expected to dominate the global air fryer market, owing to increasing adoption of technologically advanced air fryers among end users across the globe. On the basis of distribution channel, the supermarkets segment is expected to dominate in the global market, owing to increasing availability of air fryers at supermarkets across the globe. On the basis of application, the residential segment is expected to dominate in the global market, owing to growing demand for air fryers for residential use owing to increasing awareness about health benefits offered by air fryer among individuals across the globe.

Regional Analysis:

Market in Asia Pacific is expected to dominate the global market, owing to high presence of leading manufactures and increasing end user base in countries in the region. Market in North America is projected to register highest growth in terms of revenue over the next 10 years, owing to increasing demand for smart air fryers among end users in countries such as US and Canada in the region.

The market in Europe region is estimated to register lucrative growth in the global market followed by market in Latin America and Middle East & Africa, owing to increasing investments in electronics research and development (R&D) to provide technological solutions that cater customized end user requirements.


Below are the active patents related to Air Fryer Market.


Patent Number: US9351495B2

Air fryer

Abstract

An accelerated cooking air fryer is disclosed comprising a cavity, controller, thermal heating source, blower assembly, gas directing means and a vent assembly. Hot gas is circulated by the blower motor assembly into the air fryer cavity where the hot air is directed in a manner wherein a conflicting, colliding turbulent gas flow is directed at a food product providing for the accelerated cooking of the food product.

Application File Date: 2006-03-14

Application Granted Date: 2016-05-31

Current Assignee: TurboChef Technologies Inc

Patent Number: CN104490294A

Air frying pan

Abstract

The invention belongs to the field of family kitchen electric appliance manufacturing and specifically relates to an air frying pan. The air frying pan is mainly composed of a pan body (1), a liner (2), a frying basket (3) arranged in the liner (2), an electric heating pipe (4) arranged above the frying basket (3) and a fan (5) located above the electric heating pipe (4); the sidewalls of the frying basket (3) are formed by metal sheets and the bottom of the frying basket (3) is formed by a screen; an air flow channel (6) is arranged between the liner (2) and the frying basket (3); the air frying pan is characterized in that the outer periphery of the bottom of the frying basket (3) extends downwards to form a guide cylinder (7) and air inflow inclined holes (8) for guiding airflow to rotate are evenly formed in the sidewall of the guide cylinder (7). The air inflow inclined holes (8) are leftward or rightward slit holes toward the same direction. The air frying pan of such a structure has the advantages that the frying basket is simple in structure, the bottom of the liner is easy to manufacture and easy to clear, and is well supported.

Application File Date: 2014-12-18

Application Granted Date: 2017-11-17

Current Assignee: Yan Shaoji

Patent Number: US20090217824A1

Fryer

Abstract

A fryer has an oil container, a rotatable cooking basket therein, and a body of oil in the container. The body of oil and a stream of air are heated, and the basket is positioned with the food therein at least partially above the body of oil so the heated air stream can circulate through the basket and air-cook the food. Cyclically the basket is at least partially immersed in the heated oil to also cook the food with the oil.

Application File Date: 2009-05-18

Application Granted Date: 2013-01-15

Inventor: Giuseppe De Longhi

Global Air Fryer Market Segmentation:

Segmentation by Product Type:

  
Digital
  
Manual

Segmentation by Distribution Channel:

  
Online
  
E-commerce Retailers
  
Company Website
  
Offline
  
Hypermarkets/Supermarkets/ Malls
  
Specialty Stores
  
Multi“Brand Retailers

Segmentation by Application:

  
Residential
  
Commercial


Key Market Players included in the report:


  
American Micronic Instruments (India) Private Limited
  
AvalonBay Inc.
  
Bajaj Electricals Ltd (India)
  
BLACK+DECKER Inc.
  
Breville Group Ltd
  
Conair Corporation
  
Cuisinart
  
DASH (StoreBound LLC)
  
De Longhi Appliances S.r.l.
  
Domu Brands Limited and Basix-Living
  
Farberware
  
Gorenje
  
Gourmia Inc.
  
GoWISE USA (US)
  
Groupe SEB (France)
  
Havells India Ltd.
  
homeleader
  
Koninklijke Philips N.V. (Netherlands)
  
KRUPS
  
Meyer Manufacturing Company Limited
  
Mings Mark Inc.
  
Newell Brands.
  
NuWave, LLC.
  
Rosewill Inc. (US)
  
SharkNinja Operating LLC
  
TATUNGUSA.COM
  
TTK Prestige Ltd.
  
Wonderchef