Air Fryer Market Overview:

The Air Fryer market research gives a detailed view of the competition, including the market share and company profiles of the major competitors in the global industry. The scope of the research includes a comprehensive examination of the Air Fryer Market, as well as the reasons for variations in the industry's growth in various locations.

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Air Fryer Market size was valued at US$ 807.17 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 7.0% through 2021 to 2029, reaching nearly US$ 1386.87 Mn.

Market Scope:

Following the completion of market engineering, which included calculations for market statistics, estimations of market size, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up techniques, as well as many data triangulation methodologies, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.

Drivers:

New products with enhanced designs are encouraging the growth of the air fryer market. In addition, rising consumer interest in healthy eating and increased health consciousness are anticipated to drive up demand for products and expand the market. Hospitals, hotels, and restaurants are all anticipated to have helped the market grow. Furthermore, the rising demand for energy-efficient products is anticipated to support market expansion. Demand for digital air fryers is anticipated to increase with the introduction of advanced models that include features like a touch screen panel, quick preheating, and a temperature control knob.

Segmentation:

The market is divided into Digital and Manual air fryers based on the product type. This is a result of increased use of digital equipment, rising demand for automation, and increased health awareness. In many cases, air frying is healthier than oil frying. It contains much less fat and reduces calories by 70 to 80 percent. Some of the other drawbacks of oil frying may be lessened with this method of cooking.

Digital air fryers feature LCD screens, temperature sensors, programmable thermostat settings, and a variety of cooking modes, including max crisp, air fry, air roast, air broil, bake, reheat, and dehydrate. Such features improve convenience, which raises demand. The manual air fryer, on the other hand, only has grills.

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Key Players:

Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.

The biggest players in the Air Fryer market are as follows:

• Koninklijke Philips N.V.
• Tatung Company of America, Inc.
• De'Longhi America Inc.
• Ming’s Mark Inc.
• Groupe SEB
• Avalon Bay
• Bajaj Electricals Limited
• American Micronic Instruments
• Mayer
• Gorenje
• Philips
• Avalon Bay
• GoWISE USA
• Tefal
• Bigboss
• Vonshef
• Cozyna

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Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Air Fryer market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Air Fryer Market:

End-user industries where Air Fryer are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Air Fryer manufacturers, influencing the development of the Air Fryer market in 2020. End-user business demand for Air Fryer has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the Air Fryer Market Report are:

In 2021, which segment held the highest proportion of the Air Fryer market?
What is the Air Fryer market's competitive landscape?
What are the primary drivers assisting Air Fryer market growth?
Which region has the most market share in the Air Fryer market?
What will be the Air Fryer market's CAGR throughout the projected period (2022-2027)?
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