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Air Fryer Market Share, Size, Trends, Industry Analysis Report By Product Type; By Distribution Channel; By Regions - Segments Forecast, 2020-2027

  • ID: 5261931
  • Report
  • August 2020
  • Region: Global
  • 83 pages
  • Polaris Market Research
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FEATURED COMPANIES

  • Breville Inc.
  • Cuisinart
  • Farberware
  • Koninklijke Philips N.V.
  • NuWave LLC
  • TTK Prestige Ltd.
  • MORE
The global air fryer market size is expected to reach USD 1.3 billion by 2027, according to the study.

The report “Air Fryer Market Share, Size, Trends, Industry Analysis Report By Product Type (Manual and Digital); By Distribution Channel (Online and Offline); By Regions, Segments & Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is anticipated to register a moderate CAGR of 7.6% over the forecast period. The introduction of product innovation with upgraded designs is the key factor that drives the growth of this market. Air fryers are one of the kitchen appliances that can fry food by flowing hot air applying the convection mechanism. This appliance is available both digitally and manually. A manual air fryer is an analog air fryer that generally has two dials, time and temperature, and indicator lights that are used to indicate when the unit is on and preheated. Whereas, a digital air fryer is a type of automatic air fryer that has a digital control panel that comprises an LCD and a touch panel, which allows programmable timers without the need to reset the timer.

The global market is driven primarily by an increase in the number of health-conscious people who opt for food without oil, to restrict cholesterol levels. Besides, an increasing disposable income of customers, research & development, and technological innovations in the industry are key factors that drive the growth of the market. The biggest challenge that impacts the growth of the market is the slow cooking time as compared to conventional frying. Air fryers take more than twice as long as conventional frying. An air fryer requires a minimum of 15-20 minutes, while conventional frying requires approximately 8-10 minutes. Like a conventional pan, a fryer should be heated for several minutes before using it. Longer cooking time is the reason to consume more energy, therefore, high electricity consumption is another factor that can hinder the growth of the fryer market.

Depending on the type of product, the digital air fryer segment had the largest market share in 2019 and is expected to maintain its dominant position throughout the forecast period. It is also estimated that the segment will record the fastest CAGR from 2020 to 2027 due to the growing demand for high quality low oil consuming kitchen appliances. Additionally, the availability of superior products with various features including fast preheating, touch screen panel, and temperature control knob, is propels the demand for digital fryers.

The offline segment had a leading market share in 2019. High product visibility and a growing number of retail stores, such as Walmart, in developing countries such as India and China, is the main factor driving the growth of this segment. The online distribution channel segment is expected to expand at the fastest CAGR during the forecast period. The growing popularity of e-commerce retailers, such as Amazon, Alibaba among others, is the key factor in boosting product sales through online channels. Furthermore, most prominent companies have their websites, which also contributes to the growth of the online segment. Europe contributed the major share in the global market in 2019 and will maintain its dominant position during the forecast period. This is due to increasing health awareness, which is resulting in the increase in demand for air fryers.

The key players in the market include Breville Inc.; Cuisinart; DASH (StoreBound LLC); Havells India Ltd.; Koninklijke Philips N.V.; KRUPS; NuWave, LLC; SharkNinja Operating LLC; TTK Prestige Ltd.; Cuisinart; Farberware; and Wonderchef among others.

The analyst has segmented the air fryer market report on the basis of product type, distribution channel, and region.

Air Fryer Product Type Outlook (Revenue, USD Million, 2016-2027)
  • Manual
  • Digital
Air Fryer Distribution Channel Outlook (Revenue, USD Million, 2016-2027)
  • Online
  • Offline
Air Fryer Regional Outlook (Revenue, USD Million, 2016-2027)
  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Asia Pacific
  • India
  • Japan
  • China
  • South Korea
  • Latin America
  • Mexico
  • Brazil
  • Colombia
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Israel
  • UAE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Breville Inc.
  • Cuisinart
  • Farberware
  • Koninklijke Philips N.V.
  • NuWave LLC
  • TTK Prestige Ltd.
  • MORE
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-aways
1.5. Stakeholders

2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation

3. Air Fryer Market Insights
3.1. Air Fryer - Industry snapshot
3.2. Air Fryer - Ecosystem analysis
3.3. Air Fryer market dynamics
3.3.1. Air Fryer - Market Forces
3.3.1.1. Air Fryer Market driver analysis
3.3.1.2. Air Fryer Market restraint/challenges analysis
3.3.1.3. Air Fryer Market opportunity analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Air Fryer market PEST analysis
3.6. Value Chain Analysis
3.7. Air Fryer Industry trends
3.8. Competitive Ranking Analysis, 2019

4. Air Fryer Market Size and Forecast by Product Type
4.1. Global Air Fryer market share by Product Type, 2019 & 2027
4.2. Manual
4.2.1. Global Digital Air Fryer market estimates and forecasts, 2016-2027 (USD Million)
4.2.2. Global Digital Air Fryer market estimates and forecasts, by region, 2016-2027 (USD Million)
4.3. Digital
4.3.1. Global Digital Air Fryer market estimates and forecasts, 2016-2027 (USD Million)
4.3.2. Global Digital Air Fryer market estimates and forecasts, by region, 2016-2027 (USD Million)

5. Air Fryer Market Size and Forecast by Distribution Channel
5.1. Global Air Fryer market share by Distribution Channel, 2019 & 2027
5.2. Online
5.2.1. Global Online Air Fryer market estimates and forecasts, 2016-2027 (USD Million)
5.2.2. Global Online Air Fryer market estimates and forecasts, by region, 2016-2027 (USD Million)
5.3. Offline
5.3.1. Global Offline Air Fryer market estimates and forecasts, 2016-2027 (USD Million)
5.3.2. Global Offline Air Fryer market estimates and forecasts, by region, 2016-2027 (USD Million)

6. Air Fryer Market Size and Forecast by Regions
6.1. Global Air Fryer market share by region, 2019 & 2027
6.2. North America
6.2.1. North America Air Fryer market by Product Type (USD Million), 2016-2027
6.2.2. North America Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.2.3. U.S.
6.2.3.1. U.S. Air Fryer market by Product Type (USD Million), 2016-2027
6.2.3.2. U.S. Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.2.4. Canada
6.2.4.1. Canada Air Fryer market by Product Type (USD Million), 2016-2027
6.2.4.2. Canada Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.3. Europe
6.3.1. Europe Air Fryer market by Product Type (USD Million), 2016-2027
6.3.2. Europe Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.3.3. Germany
6.3.3.1. Germany Air Fryer market by Product Type (USD Million), 2016-2027
6.3.3.2. Germany Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.3.4. UK
6.3.4.1. UK Air Fryer market by Product Type (USD Million), 2016-2027
6.3.4.2. UK Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.3.5. France
6.3.5.1. France Air Fryer market by Product Type (USD Million), 2016-2027
6.3.5.2. France Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.3.6. Italy
6.3.6.1. Italy Air Fryer market by Product Type (USD Million), 2016-2027
6.3.6.2. Italy Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.3.7. Spain
6.3.7.1. Spain Air Fryer market by Product Type (USD Million), 2016-2027
6.3.7.2. Spain Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.4. Asia Pacific
6.4.1. Asia Pacific Air Fryer market by Product Type (USD Million), 2016-2027
6.4.2. Asia Pacific Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.4.3. China
6.4.3.1. China Air Fryer market by Product Type (USD Million), 2016-2027
6.4.3.2. China Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.4.4. Japan
6.4.4.1. Japan Air Fryer market by Product Type (USD Million), 2016-2027
6.4.4.2. Japan Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.4.5. India
6.4.5.1. India Air Fryer market by Product Type (USD Million), 2016-2027
6.4.5.2. India Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.4.6. South Korea
6.4.6.1. South Korea Air Fryer market by Product Type (USD Million), 2016-2027
6.4.6.2. South Korea Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.5. Latin America
6.5.1. Latin America Air Fryer market by Product Type (USD Million), 2016-2027
6.5.2. Latin America Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.5.3. Brazil
6.5.3.1. Brazil Air Fryer market by Product Type (USD Million), 2016-2027
6.5.3.2. Brazil Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.5.4. Mexico
6.5.4.1. Mexico Air Fryer market by Product Type (USD Million), 2016-2027
6.5.4.2. Mexico Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.5.5. Colombia
6.5.5.1. Colombia Air Fryer market by Product Type (USD Million), 2016-2027
6.5.5.2. Colombia Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.6. Middle East & Africa
6.6.1. MEA Air Fryer market by Product Type (USD Million), 2016-2027
6.6.2. MEA Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.6.3. Saudi Arabia
6.6.3.1. Saudi Arabia Air Fryer market by Product Type (USD Million), 2016-2027
6.6.3.2. Saudi Arabia Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.6.4. South Africa
6.6.4.1. South Africa Air Fryer market by Product Type (USD Million), 2016-2027
6.6.4.2. South Africa Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.6.5. Israel
6.6.5.1. Israel Air Fryer market by Product Type (USD Million), 2016-2027
6.6.5.2. Israel Air Fryer market by Distribution Channel (USD Million), 2016-2027
6.6.6. UAE
6.6.6.1. UAE Air Fryer market by Product Type (USD Million), 2016-2027
6.6.6.2. UAE Air Fryer market by Distribution Channel (USD Million), 2016-2027

7. Company Profiles
7.1. Breville Inc.
7.1.1. Overview
7.1.2. Financials
7.1.3. Product Benchmarking
7.1.4. Recent Developments
7.2. Cuisinart
7.2.1. Overview
7.2.2. Financials
7.2.3. Product Benchmarking
7.2.4. Recent Developments
7.3. DASH (StoreBound LLC)
7.3.1. Overview
7.3.2. Financials
7.3.3. Product Benchmarking
7.3.4. Recent Developments
7.4. Havells India Ltd.
7.4.1. Overview
7.4.2. Financials
7.4.3. Product Benchmarking
7.4.4. Recent Developments
7.5. Koninklijke Philips N.V.
7.5.1. Overview
7.5.2. Financials
7.5.3. Product Benchmarking
7.5.4. Recent Developments
7.6. KRUPS
7.6.1. Overview
7.6.2. Financials
7.6.3. Product Benchmarking
7.6.4. Recent Developments
7.7. NuWave, LLC
7.7.1. Overview
7.7.2. Financials
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. SharkNinja Operating LLC
7.8.1. Overview
7.8.2. Financials
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. TTK Prestige Ltd.
7.9.1. Overview
7.9.2. Financials
7.9.3. Product Benchmarking
7.9.4. Recent Developments
7.10. Cuisinart
7.10.1. Overview
7.10.2. Financials
7.10.3. Product Benchmarking
7.10.4. Recent Developments
7.11. Farberware
7.11.1. Overview
7.11.2. Financials
7.11.3. Product Benchmarking
7.11.4. Recent Developments
7.12. Wonderchef
7.12.1. Overview
7.12.2. Financials
7.12.3. Product Benchmarking
7.12.4. Recent Developments
Note: Product cover images may vary from those shown
3 of 3
  • Breville Inc.
  • Cuisinart
  • DASH (StoreBound LLC)
  • Havells India Ltd.
  • Koninklijke Philips N.V.
  • KRUPS
  • NuWave LLC
  • SharkNinja Operating LLC
  • TTK Prestige Ltd.
  • Cuisinart
  • Farberware
  • Wonderchef
Note: Product cover images may vary from those shown
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