Air fryer is a kitchen appliance. Hot air of air fryer enables food to fry, roast, bake and grill by using little oil or without oil. It makes the food by creating a crispy layer on outside the food product and preventing the food from converting dry on the inner side. The air fryer market is expected to register a growth at a CAGR of 6.1% during the forecast period 2019-2026. The market size was accounted $894.3 million in 2018, which is projected to reach $1,425.7 million by 2026.
Increasing number of health-conscious people leading an increasing concern for cholesterol level in the body which is further driving the demand for air fryer market in the global market because Air fryers enables in removing high-fat and calorie oils while processing cooking. Although air fryers need more time to cook and electricity cost, the increasing disposable income of people is expected to overcome all these factors while pulling the demand in the market. In addition, increasing number of working populations among the middle-class income group leading increase in demand for small kitchen appliances like air fryer that helps to provide frozen ready food in their busy schedule.
Growing hospitality sector due to increasing demand from restaurants, hospitals and hotels is also boosting the growth of the global air fryer market. While increasing trend of E-Commerce sector on food delivery also impacting the air fryer market in a positive way. Further, increasing research & development, technological innovations in food manufacturing companies is expected to provide a good opportunity to the air fryer market in the near future. On the other hand, the market is facing a challenge as there are conventional substitute available in the market at a lower cost. In addition, technical research and development led in incorporation of sensor technology in air fryer impacting in going demand of air fryer market. The technological improvement also resulted in improving manufacturing process, noise reduction and electricity saving that enhanced the reliability of the system that further increase the demand for air dryers. Increasing trend of spending more on machinery for households drive the global air fryer market in the recent future.
Countries such as India and China, due to high consumer demand, manufacturing industry is growing up which is expected to drive the growth of the air dryers market of these countries along Asia Pacific region. Digital air fryer rather than manual air fryer is dominating the global air fryer market due to increasing adoption of technologically advanced air fryers by end-users.
Increasing concern for healthy food resulting in growing demand for air fryer
There is an increasing trend of cholesterol and fat level in human bodies. High cholesterol levels in the body attracts health issues such as increased risk of heart diseases and are the main reasons for a large number of instant deaths now-a-days. Increased level of cholesterol in the inner lining of arteries is responsible for increased atherosclerosis. Moreover, obesity is another condition related to high cholesterol levels. As the number of such cholesterol-induced diseases increases the demand for healthy food. Food cook in air fryer makes food without or little oil which secure the human body from high level of fats and cholesterol.
Market Players in the Global Air Fryer Market
Some of the major players present in the market include Meyer Manufacturing Company Limited, Avalon Bay, Koninklijke Philips N.V., Conair Corporation, Groupe SEB, BLACK+DECKER Inc., Newell Brands, GoWISE USA, Breville Group Ltd. and NuWave LLC.
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