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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Air Fryer Market Size
The global air fryer market size attained a value of USD 1,020.34 million in 2023. The market is further expected to grow at a CAGR of 7% between 2024 and 2032, to reach a value of USD 1,875.85 million by 2032.
Key Takeaways
- Increasing inclination towards health and fitness globally is expected to contribute to the market growth of air fryers.
- Reportedly, sales of air fryers in the US rose to over USD 1 billion in 2021 and 36% of Americans owned air fryers during the COVID-19 pandemic.
- With rising concerns regarding soaring energy prices, the adoption of air fryers is likely to rise in households as they require 800-1800 watts of energy.
An air fryer is an airtight electrical device which is used for frying food using hot air with a low amount of oil. A popular cooking appliance, it contains a fan which blows hot air at high speeds, facilitating deep frying of food items such as potatoes, chicken, fish, and frozen foods.
The air fryer market expansion is being driven by rapid innovations in cooking technologies, the launch of new kitchen appliances, and innovations in appliance manufacturing processes. With rising disposable incomes, changes in lifestyle, and the emergence of healthy food alternatives, people are switching towards cooking meals at home, which is expected to drive the market for air fryers forward in the coming years.
Air Fryer Market Report Snapshots
Air Fryer Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1,020.34 million.
The market is estimated to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1,875.85 million by 2032.
The market is being driven by the innovations in cooking technologies, launch of new kitchen appliances, and innovations in appliance manufacturing processes.
The key trends aiding the market expansion include increasing inclination towards health and fitness, benefits of convenience and satisfaction, increase in establishment of hotels and restaurants, and growing popularity of online distribution channels.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of air fryers include drawer type and lid type.
The major players in the market are Koninklijke Philips N.V., SharkNinja Operating LLC, Newell Brands, Inc., Breville Group Limited, Havells India Ltd., TTK Prestige Ltd., NuWave, LLC., Faber S.p.A, United Gain Limited, and Corelle Brands LLC (Instant), among others.
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