Ken Research Logo

Global Air Fryer Market Outlook to 2030

Region:Global

Author(s):Naman Rohilla

Product Code:KROD7865

Published On

December 2024

Total pages

85

About the Report

Global Air Fryer Market Overview

  • The Global Air Fryer Market is valued at USD 1 billion, based on a comprehensive five-year historical analysis. This growth is driven by the increasing demand for healthier cooking alternatives, as consumers shift away from deep-fried foods. Air fryers are gaining popularity due to their ability to prepare food with minimal oil while retaining flavour and texture. The rising awareness about the adverse health effects of excessive oil consumption has fueled the demand for air fryers in households globally, with innovations in technology and product features further supporting market expansion.
  • Key countries dominating the global air fryer market include the United States, China, and Germany. The dominance of these regions is attributed to their robust retail networks, high disposable incomes, and increasing consumer preference for kitchen appliances that offer convenience and energy efficiency. In the U.S., the demand for smart kitchen appliances is a major driver, while Chinas dominance stems from its massive production capacity and burgeoning middle class. Germany, on the other hand, leads due to its eco-conscious consumer base, which prioritizes energy-efficient products.
  • Air fryers with multiple cooking functions, such as baking, grilling, and dehydrating, are gaining traction among consumers looking for versatile kitchen appliances. According to the US Census Bureau, the average US household has 3.8 kitchen appliances, creating a growing demand for multi-functional products that can replace several devices. As a result, manufacturers are developing air fryers with extended functionalities, increasing their appeal to consumers who prioritize both convenience and space-saving in their kitchens. This trend is particularly strong in urban areas where space is limited, and consumers seek compact, multi-use appliances.

market overviews

Global Air Fryer Market Segmentation

  • By Application: The market is segmented by application into residential use and commercial use. The residential use segment holds a notable share due to the growing trend of home cooking, especially in urban households. Consumers prefer air fryers as a healthier alternative to traditional deep-frying methods. Furthermore, the rise of smaller households and kitchen spaces has led to the increased adoption of compact kitchen appliances like air fryers. On the other hand, the commercial use segment, which includes restaurants and foodservice providers, is gradually growing as businesses recognize the demand for healthier menu options among consumers.
  • By Product Type: The Global Air Fryer market is segmented by product type into digital air fryers, manual air fryers, and hybrid air fryers. Digital air fryers dominate the product type segmentation due to their advanced technological features such as pre-set cooking programs, touch-screen displays, and integration with mobile apps. Consumers are increasingly opting for digital air fryers for their convenience and ease of use, as well as their ability to deliver consistent cooking results. Additionally, their aesthetic appeal and smart connectivity features resonate well with tech-savvy buyers, especially in developed regions.

market overviews

  • By Region: The market is also segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America leads the regional segment, with the U.S. being a key contributor. The high consumer demand for smart kitchen appliances and the growing trend of health-conscious eating are primary factors. Europe follows closely, with Germany and the U.K. playing roles due to their focus on energy-efficient products. The Asia Pacific region is rapidly expanding, driven by increasing disposable incomes and urbanization, particularly in countries like China and India.

market overviews

Global Air Fryer Market Competitive Landscape

The global air fryer market is characterized by a competitive landscape dominated by a few key players, including multinational brands and emerging companies in the home appliances sector. Companies such as Philips, Tefal, and Cuisinart lead due to their strong product portfolios, innovation, and robust distribution networks. These players continuously invest in research and development to offer differentiated products that cater to the evolving consumer preferences for convenience and healthy cooking options.

market overviews

Global Air Fryer Market Analysis

Global Air Fryer Market Growth Drivers

  • Health-Conscious Consumer Trends: The growing awareness around health and wellness is driving the demand for air fryers. A shift towards healthier eating habits, particularly the reduction of oil consumption, has made air fryers a preferred kitchen appliance. According to the World Health Organization (WHO), over 1.9 billion adults were overweight in 2022, and obesity-related health concerns are increasing the demand for healthier cooking options. With the air fryers ability to cook food using up to 80% less oil compared to traditional frying methods, its popularity has surged. This trend is particularly strong in developed economies like the USA, where the Centers for Disease Control and Prevention (CDC) reported that 42% of adults were considered obese as of 2022, leading to increased interest in healthier cooking appliances.
  • Rise in Home Cooking: During the pandemic, there was a noticeable shift towards home cooking, a trend that continues to influence the air fryer market. According to the US Bureau of Labor Statistics (BLS), expenditure on groceries increased by 8.2% in 2023 as more consumers opted to cook at home instead of dining out. This surge in home-based food preparation has boosted the sales of kitchen appliances, with air fryers becoming a popular choice due to their ease of use and health benefits. As families continue to embrace home-cooked meals, the demand for appliances that support convenient, oil-free cooking is projected to rise steadily.
  • Expanding E-commerce Penetration: E-commerce penetration has influenced the air fryer market, providing consumers with easy access to a wide range of products. According to the World Bank, the value of global e-commerce transactions reached $28.5 trillion in 2022, showcasing a massive shift towards online shopping platforms. The convenience of shopping for kitchen appliances, combined with promotional offers and customer reviews, has boosted online sales of air fryers. With global internet penetration at 66% in 2023, more consumers are shifting to e-commerce for their purchases, fueling the demand for appliances like air fryers.

Global Air Fryer Market Challenges

  • High Initial Purchase Costs: Air fryers are often perceived as a luxury appliance due to their relatively high upfront cost compared to traditional cooking devices. According to a report by the US Energy Information Administration (EIA), the average household in the US spent around $2,100 on durable goods, including kitchen appliances, in 2023. While the initial investment in air fryers can be a growth barrier for lower-income households, the long-term benefits of energy and oil savings offer a partial offset to the high cost. However, cost-conscious consumers in developing regions may still hesitate to invest in high-end air fryers.
  • Limited Awareness in Emerging Markets: Despite the popularity of air fryers in developed countries, limited awareness in emerging markets poses a challenge. According to the World Bank, internet penetration rates in regions such as Sub-Saharan Africa and South Asia remained below 40% in 2023. This low penetration hampers the spread of awareness about new kitchen technologies, including air fryers. Additionally, many consumers in these regions may still rely on traditional cooking methods due to the affordability and accessibility of conventional appliances. This creates a gap in market expansion for air fryer manufacturers.

Global Air Fryer Market Future Outlook

Over the next five years, the Global Air Fryer Market is expected to experience growth, driven by the increasing trend toward healthy eating habits, technological advancements in kitchen appliances, and the rising adoption of smart home devices. The integration of smart technologies such as IoT, along with the growing awareness of energy-efficient products, will further accelerate market expansion. The market is poised for continued growth, with manufacturers focusing on enhancing user experience, expanding product lines, and exploring untapped regions to capture new customer segments.

Global Air Fryer Market Opportunities

  • Expansion into Smart Kitchen Technologies: The integration of smart technology into air fryers presents a growth opportunity. With the rise of smart homes, as noted by Statista, 335 million households globally are now equipped with smart devices in 2023. This presents an opportunity for air fryer manufacturers to tap into this market by incorporating Wi-Fi connectivity, voice control, and AI-driven cooking functions. Manufacturers can innovate further by integrating air fryers with other smart kitchen appliances, creating a seamless cooking experience for tech-savvy consumers.
  • Rise in Vegan and Vegetarian Diet Adoption: As more consumers adopt plant-based diets, the demand for air fryers, which facilitate the preparation of a wide variety of vegan and vegetarian meals, is growing. According to the Plant Based Foods Association, the plant-based food market in the US reached $7 billion in sales by 2022. This dietary shift aligns with the functionality of air fryers, which are seen as an efficient and healthy way to cook vegetables, tofu, and other plant-based proteins. This growing consumer base offers a promising opportunity for manufacturers to cater to specific dietary preferences.

Scope of the Report

Product Type

Digital Air Fryers

Manual Air Fryers

Hybrid Air Fryers

Application

Residential Use

Commercial Use

Technology

Rapid Air Technology

Oil-Less Technology

Distribution Channel

Online Channels

Offline Channels (Retail Stores, Supermarkets)

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Products

Key Target Audience

  • Air Fryer Manufacturers

  • Home Appliance Distributors

  • Online Retailers and E-commerce Platforms

  • Residential and Commercial Consumers

  • Venture Capitalists and Investors

  • Banks and Financial Institutions

  • Government and Regulatory Bodies (Energy Efficiency Standards Boards)

  • Food and Beverage Industry Players

  • Health-Conscious Consumer Groups

Companies

Players Mentioned in the Report

  • Philips

  • Tefal

  • Cuisinart

  • Ninja

  • Instant Brands

  • COSORI

  • Black+Decker

  • GoWISE USA

  • Breville

  • Chefman

Table of Contents

1. Global Air Fryer Market Overview

1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate
1.4. Market Segmentation Overview

2. Global Air Fryer Market Size (In USD Bn)

2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones

3. Global Air Fryer Market Analysis

3.1. Growth Drivers

3.1.1. Health-Conscious Consumer Trends

3.1.2. Rise in Home Cooking

3.1.3. Technological Advancements in Cooking Appliances

3.1.4. Expanding E-commerce Penetration
3.2. Market Challenges

3.2.1. High Initial Purchase Costs (Cost Parameter)

3.2.2. Limited Awareness in Emerging Markets

3.2.3. Intense Competition in Low-Cost Manufacturing Countries (Geography Specific)
3.3. Opportunities

3.3.1. Expansion into Smart Kitchen Technologies (Product Innovation)

3.3.2. Rise in Vegan and Vegetarian Diet Adoption (Target Consumer Shift)

3.3.3. Integration of Energy Efficiency Standards
3.4. Trends

3.4.1. Multi-Functional Air Fryers (Product Feature Innovation)

3.4.2. Increasing Focus on Compact and Portable Models (Design Innovation)

3.4.3. Use of IoT and Connectivity in Kitchen Appliances
3.5. Regulatory Framework

3.5.1. Energy Efficiency and Consumption Standards

3.5.2. Environmental Regulations (Eco-Friendly Materials)

3.5.3. Compliance with International Food Safety Standards
3.6. SWOT Analysis
3.7. Stakeholder Ecosystem
3.8. Porters Five Forces
3.9. Competitive Ecosystem

4. Global Air Fryer Market Segmentation

4.1. By Product Type (In Value %)

4.1.1. Digital Air Fryers

4.1.2. Manual Air Fryers

4.1.3. Hybrid Air Fryers
4.2. By Application (In Value %)

4.2.1. Residential Use

4.2.2. Commercial Use
4.3. By Technology (In Value %)

4.3.1. Rapid Air Technology

4.3.2. Oil-Less Technology
4.4. By Distribution Channel (In Value %)

4.4.1. Online Channels

4.4.2. Offline Channels (Retail Stores, Supermarkets)
4.5. By Region (In Value %)

4.5.1. North America

4.5.2. Europe

4.5.3. Asia Pacific

4.5.4. Latin America

4.5.5. Middle East & Africa

5. Global Air Fryer Market Competitive Analysis

5.1. Detailed Profiles of Major Companies

5.1.1. Philips

5.1.2. Tefal

5.1.3. Cuisinart

5.1.4. Ninja

5.1.5. Instant Brands

5.1.6. COSORI

5.1.7. Black+Decker

5.1.8. GoWISE USA

5.1.9. Breville

5.1.10. Chefman

5.1.11. Hamilton Beach

5.1.12. De'Longhi

5.1.13. Xiaomi (Mijia)

5.1.14. Dash

5.1.15. Ultrean
5.2. Cross Comparison Parameters (Product Portfolio, Pricing Strategy, Market Share, Innovation Rate, Brand Presence, Distribution Network, Energy Efficiency Standards, Regional Focus)
5.3. Market Share Analysis
5.4. Strategic Initiatives
5.5. Mergers and Acquisitions
5.6. Investment Analysis
5.7. Venture Capital Funding
5.8. Government Grants
5.9. Private Equity Investments

6. Global Air Fryer Market Regulatory Framework

6.1. Environmental Standards
6.2. Compliance Requirements
6.3. Certification Processes

7. Global Air Fryer Market Future Size (In USD Bn)

7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth

8. Global Air Fryer Market Future Segmentation

8.1. By Product Type (In Value %)
8.2. By Application (In Value %)
8.3. By Technology (In Value %)
8.4. By Distribution Channel (In Value %)
8.5. By Region (In Value %)

9. Global Air Fryer Market Analyst Recommendations

9.1. TAM/SAM/SOM Analysis
9.2. Consumer Behavior Insights
9.3. Market Entry and Expansion Strategies
9.4. White Space Opportunity Analysis

Disclaimer Contact Us

Research Methodology

Step 1: Identification of Key Variables

The first step in the research process involves mapping out all key stakeholders within the Global Air Fryer Market. Through comprehensive desk research, we identified critical market dynamics, key variables, and trends. This process is supported by secondary data from government reports, industry journals, and proprietary databases.

Step 2: Market Analysis and Construction

In this phase, we gathered historical data on the sales and revenue figures of air fryer manufacturers. Our focus was on assessing market penetration, revenue streams from both product sales and after-sales services, and trends in consumer preferences for different product types and technologies.

Step 3: Hypothesis Validation and Expert Consultation

Market hypotheses were formulated based on initial findings and validated through interviews with industry experts. These consultations provided insights into operational challenges, technological advancements, and competitive strategies in the air fryer market.

Step 4: Research Synthesis and Final Output

The final stage of the research involved synthesizing the data and insights gathered to produce a cohesive analysis. Multiple air fryer manufacturers were engaged to ensure the accuracy of market statistics and to validate the bottom-up approach used in the analysis.

Frequently Asked Questions

01. How big is the Global Air Fryer Market?

The Global Air Fryer Market is valued at USD 1 billion, driven by increasing consumer demand for healthier cooking methods and the rise of smart kitchen appliances.

02. What are the challenges in the Global Air Fryer Market?

Challenges in the Global Air Fryer Market include high competition among manufacturers, increasing pressure on pricing due to low-cost manufacturing in emerging markets, and the need for continuous innovation to meet evolving consumer preferences.

03. Who are the major players in the Global Air Fryer Market?

Key players in the Global Air Fryer Market include Philips, Tefal, Cuisinart, Ninja, and COSORI, with these companies dominating due to their strong product portfolios, innovation, and global distribution networks.

04. What are the growth drivers of the Global Air Fryer Market?

Growth drivers of the Global Air Fryer Market include the shift towards healthier cooking options, advancements in air fryer technologies, and the increasing popularity of smart home appliances.

Why Buy From Us?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

Our Reach Is Unmatched
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022