GITNUX REPORT 2024

Global Air Fryer Industry Statistics: Market Valued at $869.2M

Discover the booming global air fryer market set to surpass $1.2 billion by 2027.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The household segment held the largest revenue share in the air fryer market in 2020.

Statistic 2

The demand for air fryers in Europe is driven by the increasing health consciousness among consumers.

Statistic 3

The increasing trend of consumers preferring oil-free cooking methods is driving the growth of the global air fryer market.

Statistic 4

The compact size and convenience of air fryers are key factors contributing to their popularity among consumers.

Statistic 5

The rapid urbanization and busy lifestyles of consumers are driving the demand for air fryers globally.

Statistic 6

The rise in disposable income across developing countries is driving the adoption of air fryers in households.

Statistic 7

The increasing preference for healthy and low-fat cooking methods is fueling the growth of the air fryer industry.

Statistic 8

The online sales channel segment dominated the global air fryer market in 2020.

Statistic 9

The penetration of e-commerce platforms and convenient online purchasing options have boosted air fryer sales.

Statistic 10

The global air fryer market was valued at $869.2 million in 2020 and is projected to reach $1,205.7 million by 2027.

Statistic 11

By type, the digital air fryer segment is expected to witness the fastest growth rate during the forecast period.

Statistic 12

In 2020, the capacity segment of 3-5 liters dominated the air fryer market in terms of revenue.

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The 5-liter capacity segment is expected to witness substantial growth in the air fryer market by 2027.

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The prominent players in the air fryer market include Philips, Black & Decker, and Tefal.

Statistic 15

The North America air fryer market is anticipated to witness a CAGR of 8.5% from 2020 to 2027.

Statistic 16

The Asia Pacific air fryer market is expected to grow significantly due to the rising adoption of western cooking styles.

Statistic 17

In 2020, Europe accounted for over 30% of the global air fryer market share.

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The Middle East and Africa region is expected to experience significant growth in the air fryer market due to changing dietary preferences.

Statistic 19

The Asia Pacific region is expected to witness the highest CAGR in the air fryer market during the forecast period.

Statistic 20

The smart connectivity features in modern air fryers are attracting tech-savvy consumers and driving market growth.

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Summary

  • The global air fryer market was valued at $869.2 million in 2020 and is projected to reach $1,205.7 million by 2027.
  • The North America air fryer market is anticipated to witness a CAGR of 8.5% from 2020 to 2027.
  • The household segment held the largest revenue share in the air fryer market in 2020.
  • By type, the digital air fryer segment is expected to witness the fastest growth rate during the forecast period.
  • The demand for air fryers in Europe is driven by the increasing health consciousness among consumers.
  • The online sales channel segment dominated the global air fryer market in 2020.
  • The Asia Pacific air fryer market is expected to grow significantly due to the rising adoption of western cooking styles.
  • In 2020, Europe accounted for over 30% of the global air fryer market share.
  • The increasing trend of consumers preferring oil-free cooking methods is driving the growth of the global air fryer market.
  • In 2020, the capacity segment of 3-5 liters dominated the air fryer market in terms of revenue.
  • The compact size and convenience of air fryers are key factors contributing to their popularity among consumers.
  • The rapid urbanization and busy lifestyles of consumers are driving the demand for air fryers globally.
  • The penetration of e-commerce platforms and convenient online purchasing options have boosted air fryer sales.
  • The 5-liter capacity segment is expected to witness substantial growth in the air fryer market by 2027.
  • The Middle East and Africa region is expected to experience significant growth in the air fryer market due to changing dietary preferences.

Hold onto your seats, culinary aficionados, because the air fryer industry is sizzling hot with a market value thats soaring higher than your favorite batch of crispy fries! Clocking in at a whopping $869.2 million in 2020 and poised to reach a mouth-watering $1,205.7 million by 2027, the air fryer market isnt just cooking—its on fire! From digital delights to oil-free revolutions, this blog post dives into the delectable details of this kitchen revolution thats got everyone from North America to Europe buzzing with excitement. So, buckle up, folks, because were about to fry up the juiciest insights on why air fryers are the new must-have gadget in every modern kitchen.

Consumer preferences and behaviors

  • The household segment held the largest revenue share in the air fryer market in 2020.
  • The demand for air fryers in Europe is driven by the increasing health consciousness among consumers.
  • The increasing trend of consumers preferring oil-free cooking methods is driving the growth of the global air fryer market.
  • The compact size and convenience of air fryers are key factors contributing to their popularity among consumers.
  • The rapid urbanization and busy lifestyles of consumers are driving the demand for air fryers globally.
  • The rise in disposable income across developing countries is driving the adoption of air fryers in households.
  • The increasing preference for healthy and low-fat cooking methods is fueling the growth of the air fryer industry.

Interpretation

In a world where convenience meets consciousness, the air fryer industry is sizzling with success. As households around the globe embrace healthier cooking habits with a side of time-saving technology, it's no surprise that air fryers have graduated from kitchen gadgets to culinary essentials. In Europe, where health is the new wealth, and in bustling urban centers where time is of the essence, the air fryer reigns supreme. With a crispy yet oil-free allure, these compact marvels have flipped the script on traditional cooking methods, proving that in the age of disposable income and rising health awareness, the air fryer is the new kitchen hero everyone is rooting for.

E-commerce and sales channels

  • The online sales channel segment dominated the global air fryer market in 2020.
  • The penetration of e-commerce platforms and convenient online purchasing options have boosted air fryer sales.

Interpretation

In 2020, the Air Fryer Industry took flight, with online sales soaring to new heights and becoming the preferred shopping destination for air fryer enthusiasts. The convenience of e-commerce platforms has proven to be a game-changer, as consumers can now satisfy their crispy cravings with just a few clicks. As the market sizzles with innovation, it's clear that air fryers have fried their way into our hearts, one online purchase at a time.

Market overview and value

  • The global air fryer market was valued at $869.2 million in 2020 and is projected to reach $1,205.7 million by 2027.
  • By type, the digital air fryer segment is expected to witness the fastest growth rate during the forecast period.
  • In 2020, the capacity segment of 3-5 liters dominated the air fryer market in terms of revenue.
  • The 5-liter capacity segment is expected to witness substantial growth in the air fryer market by 2027.
  • The prominent players in the air fryer market include Philips, Black & Decker, and Tefal.

Interpretation

Move over traditional frying methods, the air fryer market is sizzling with innovation and growth! As the world continues to embrace healthier cooking options, the global air fryer industry is on a crispy trajectory from $869.2 million in 2020 to a projected $1,205.7 million by 2027. With digital air fryers taking the lead in speed and convenience, it seems like even our kitchen appliances are becoming tech-savvy. Not to be outdone, the 5-liter capacity segment is ready to serve up substantial growth, proving that bigger really is better in the air frying world. So, whether you're a fan of Philips, Black & Decker, or Tefal, these prominent players are ready to fry up some serious competition in this sizzling market.

Regional market trends and forecasts

  • The North America air fryer market is anticipated to witness a CAGR of 8.5% from 2020 to 2027.
  • The Asia Pacific air fryer market is expected to grow significantly due to the rising adoption of western cooking styles.
  • In 2020, Europe accounted for over 30% of the global air fryer market share.
  • The Middle East and Africa region is expected to experience significant growth in the air fryer market due to changing dietary preferences.
  • The Asia Pacific region is expected to witness the highest CAGR in the air fryer market during the forecast period.

Interpretation

As the world turns to air fryers in a bid to satisfy both their taste buds and health goals, the market is sizzling with opportunity. From North America's steady growth to Asia Pacific's flavorful embrace of western cooking styles, we see a global trend taking shape. Europe stakes its claim as a seasoned player, while the Middle East and Africa region spices things up with changing dietary preferences. As the Asia Pacific region cranks up the heat with the highest CAGR forecast, it seems the air fryer industry is not just a passing fad, but a hot commodity here to stay.

Technological advancements and features

  • The smart connectivity features in modern air fryers are attracting tech-savvy consumers and driving market growth.

Interpretation

The evolution of air fryers from mere kitchen appliances to tech-savvy culinary companions is ushering in a new era of crispiness and convenience. As smart connectivity becomes a staple feature in modern air fryers, it's not just the potatoes getting peeled but also the tech-savvy consumers themselves, eager to hitch a ride on the flavor train to market growth. With these high-tech fryers bridging the gap between food and technology, it seems the only thing left to air out is the debate on whether to ketchup or not to ketchup.

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