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Air Fryer Market by End User and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026

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    Report

  • 235 Pages
  • November 2019
  • Region: Global
  • Allied Market Research
  • ID: 4989513
Air fryer are healthier alternatives for traditional deep fryer. Air fryer plops veggies and meat in oil. However, air fryer uses small amount of oil as compared to deep fryers. Air fryers makes food crisp with a fraction of the calories and fat . 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.



The key factors that drive the growth of the air fryer market include growth of hospitality industry, upsurge in affordability of end customers for advanced kitchen appliances, improved performance and continuous product innovation by leading manufacturers. Moreover, customized solutions according to specific requirements and designs have created revenue opportunities for air fryer market. However, factors such as availability of counterfeit products, high noise level and uneven cooking are expected to impede the air fryer market growth. Furthermore, novel innovations in aesthetics have gained huge traction in the recent years, which in turn is anticipated to create lucrative growth opportunities for the market expansion.

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

Some of the key players in the air fryer industry 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.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging market trends and opportunities in the global air fryer market.
  • The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

KEY MARKET SEGMENTS

By End User
  • Residential
  • Commercial

By Sales Channel
  • Hypermarket & Supermarket
  • Specialty Store
  • Online sales Channel

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • BENELUX
  • Italy
  • Spain
  • Rest of Europe
  • Asia-pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Parent Market Overview (2018)
3.3. Pricing Analysis
3.3.1. Pricing Analysis Of Air Fryer, By Region, 2018 & 2026
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power Of Buyers
3.5.2. Bargaining Power Of Suppliers
3.5.3. Threat Of New Entrants
3.5.4. Threat Of Substitutes
3.5.5. Competition Rivalry
3.6. Market Dynamics
3.6.1. Drivers
3.6.2. Restraints
3.6.3. Opportunities
Chapter 4: Global Air Fryer Market, By End User
4.1. Overview
4.1.1. Market Size And Forecast, By End User
4.2. Residential
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Commercial
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country
Chapter 5: Global Air Fryer Market, By Sales Channel
5.1. Overview
5.1.1. Market Size And Forecast, By Sales Channel
5.2. Hypermarket And Supermarket
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.3. Specialty Stores
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country
5.4. Online Sales Channel
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis, By Country
Chapter 6: Air Fryer Market, By Region
6.1. Overview
6.1.1. Market Size And Forecast, By Region
6.2. North America
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By End User
6.2.3. Market Size And Forecast, By Sales Channel
6.2.4. Market Analysis, By Country
6.2.4.1. U.S.
6.2.4.1.1. Market Size And Forecast, By End User
6.2.4.1.2. Market Size And Forecast, By Sales Channel
6.2.4.2. Canada
6.2.4.2.1. Market Size And Forecast, By End User
6.2.4.2.2. Market Size And Forecast, By Sales Channel
6.2.4.3. Mexico
6.2.4.3.1. Market Size And Forecast, By End User
6.2.4.3.2. Market Size And Forecast, By Sales Channel
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By End User
6.3.3. Market Size And Forecast, By Sales Channel
6.3.4. Market Analysis, By Country
6.3.4.1. UK
6.3.4.1.1. Market Size And Forecast, By End User
6.3.4.1.2. Market Size And Forecast, By Sales Channel
6.3.4.2. Germany
6.3.4.2.1. Market Size And Forecast, By End User
6.3.4.2.2. Market Size And Forecast, By Sales Channel
6.3.4.3. Benelux
6.3.4.3.1. Market Size And Forecast, By End User
6.3.4.3.2. Market Size And Forecast, By Sales Channel
6.3.4.4. Italy
6.3.4.4.1. Market Size And Forecast, By End User
6.3.4.4.2. Market Size And Forecast, By Sales Channel
6.3.4.5. Spain
6.3.4.5.1. Market Size And Forecast, By End User
6.3.4.5.2. Market Size And Forecast, By Sales Channel
6.3.4.6. Rest Of Europe
6.3.4.6.1. Market Size And Forecast, By End User
6.3.4.6.2. Market Size And Forecast, By Sales Channel
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By End User
6.4.3. Market Size And Forecast, By Sales Channel
6.4.4. Market Analysis, By Country
6.4.4.1. China
6.4.4.1.1. Market Size And Forecast, By End User
6.4.4.1.2. Market Size And Forecast, By Sales Channel
6.4.4.2. India
6.4.4.2.1. Market Size And Forecast, By End User
6.4.4.2.2. Market Size And Forecast, By Sales Channel
6.4.4.3. Japan
6.4.4.3.1. Market Size And Forecast, By End User
6.4.4.3.2. Market Size And Forecast, By Sales Channel
6.4.4.4. South Korea
6.4.4.4.1. Market Size And Forecast, By End User
6.4.4.4.2. Market Size And Forecast, By Sales Channel
6.4.4.5. Rest Of Asia-Pacific
6.4.4.5.1. Market Size And Forecast, By End User
6.4.4.5.2. Market Size And Forecast, By Sales Channel
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By End User
6.5.3. Market Size And Forecast, By Sales Channel
6.5.4. Market Analysis, By Country
6.5.4.1. Latin America
6.5.4.1.1. Market Size And Forecast, By End User
6.5.4.1.2. Market Size And Forecast, By Sales Channel
6.5.4.2. Middle East
6.5.4.2.1. Market Size And Forecast, By End User
6.5.4.2.2. Market Size And Forecast, By Sales Channel
6.5.4.3. South Africa
6.5.4.3.1. Market Size And Forecast, By End User
6.5.4.3.2. Market Size And Forecast, By Sales Channel
Chapter 7: Company Profiles
7.1. Koninklijke Philips N.V
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. Business Performance
7.2. Black+Decker Inc.
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Product Portfolio
7.3. Conair Corporation
7.3.1. Company Overview
7.3.2. Key Executives
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. Business Performance
7.3.7. Key Strategic Moves And Developments
7.4. Avalon Bay
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. Business Performance
7.4.7. Key Strategic Moves And Developments
7.5. Breville Group Ltd
7.5.1. Company Overview
7.5.2. Key Executive
7.5.3. Company Snapshot
7.5.4. Product Portfolio
7.6. Meyer Manufacturing Company Limited
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.4. Product Portfolio
7.6.5. Business Performance
7.6.6. Key Strategic Moves And Developments
7.7. Gowise Usa.
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Product Portfolio
7.7.5. Business Performance
7.7.6. Key Strategic Moves And Developments
7.7. Nuwave Llc
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Product Portfolio
7.9. Groupe Seb
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. Business Performance
7.9.7. Key Strategic Moves And Developments
7.10. Newell Brands
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Product Portfolio
*Full List of Tables and Figures Available on Enquiry.

Executive Summary

According to the report 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.

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.

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.
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.

Companies Mentioned

  • 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.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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