A recent
report published by Infinium Global Research on air fryer market provides
in-depth analysis of segments and sub-segments in the global as well as
regional air fryer market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional air fryer market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global air fryer market.
According to the report, the global air fryer market is projected to grow at a
CAGR of 7.1% over the forecast period of 2019-2025.
An air fryer
is a modern method to cook food with lesser oil. Cholesterol conscious people
are more beneficial with the use of these air fryer market. There are a variety
of air fryers available in the market. The key players in the air fryer market
are adopting strategic partnerships to expand its product range and maximize
market share. Adding to this, many players are more focused on research and
development to innovate new products with improved features. Technology is one
of the major factor affecting the air fryer manufacturers. Technology provides
new smart features that can make it easier to use an air fryer.
The rising
number of health-conscious people preferring for oil-free food drives the
growth of the air fryer market. The increasing disposable income, rising
working population, and greater availability of products contribute to the
growth of the air fryer market. The increasing awareness about various smart
features of kitchen appliances stimulates the growth of the air fryer market.
The rising concern regarding the cholesterol level in the human body propels
the growth of the air fryer market. Food manufacturers are focusing on new
product launches and advertisements for a variety of products on television to
reach a maximum number of customers. On the other side, air fryer requires a
slower cooking time. In addition, air fryer has high costs and a limited number
of recipes. These factors hamper the growth of the air fryer market. Moreover,
rising demand from commercial kitchens and technological advancement creates
numerous opportunities for the air fryer market.
Geographically,
the air fryer market is segmented into North America, Asia-Pacific, Europe, and
the Rest of the World. Asia-Pacific region is anticipated to have a dominant
share in the global air fryer market. Asia-Pacific region has the presence of
leading air fryer manufacturers and increasing demand for smart kitchen
appliances contribute to the growth of the global air fryer market. North
America is expected to grow in the global air fryer market over the forecast
period.
The report on
global air fryer market covers segments such as product type, application, and
distribution channel. On the basis of product type, the sub-markets include
digital, and manual. On the basis of application, the sub-markets include
residential, and commercial. On the basis of distribution channel, the
sub-markets include online channels, retailers, specialty stores, and malls.
The report
provides profiles of the companies in the market such as Koninklijke Philips
N.V., De'Longhi America Inc., Bajaj Electricals Limited, Pigeon Corporation,
Meyer Corporation, Tatung Company of America, Inc., Groupe SEB’s (Krups),
Avalon Bay, American Micronic Instruments, Ming's Mark Inc., and Other
companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of air fryer market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.