The Latest Air Fryer Industry Statistics Explained
Nearly 40 million Americans are expected to own an air fryer by 2023.
The statistic indicates that approximately 40 million individuals in the United States are projected to possess an air fryer as a kitchen appliance by the year 2023. This suggests a significant adoption of air fryers among American households, reflecting a growing trend towards healthier cooking methods that require less oil compared to traditional frying techniques. The increasing popularity of air fryers can be attributed to their convenience, efficiency, and ability to produce crispy and flavorful foods with minimal added fats. This statistic highlights a shift in consumer preferences towards healthier cooking options and a willingness to invest in kitchen appliances that promote better eating habits.
The global air fryer market size was valued at USD 897.6 million in 2018.
The statistic “The global air fryer market size was valued at USD 897.6 million in 2018” indicates the total monetary value of air fryers sold worldwide in that particular year. This figure suggests the substantial demand for air fryers, a popular kitchen appliance known for its healthier cooking method compared to traditional deep-frying. The market size not only reflects consumer preferences towards healthier eating choices but also indicates significant growth potential for the air fryer industry. It serves as a key indicator for manufacturers, retailers, and investors to understand the market landscape and make informed decisions regarding product development, marketing strategies, and investments in this segment.
It is estimated that the global air fryer market will reach USD 1,425.7 Million by 2026.
The statistic indicates that experts project the global air fryer market to grow significantly over the coming years, reaching a value of USD 1,425.7 million by the year 2026. This estimation suggests a rising demand for air fryers worldwide, likely driven by factors such as increasing health consciousness, busy lifestyles, and a growing preference for convenient cooking appliances. The projected market value provides insights into the potential opportunities for businesses operating in the air fryer industry, highlighting a lucrative market space with promising growth prospects in the near future.
The compound annual growth rate (CAGR) from 2021 to 2026 is projected to be 6.8% for the air fryer market.
The statistic indicates that the compound annual growth rate (CAGR) of the air fryer market is projected to be 6.8% from 2021 to 2026. CAGR provides a smoothed annual growth rate over a specific time period, taking into account the effect of compounding. In this context, a 6.8% CAGR signifies that the market is expected to grow at a consistent rate of 6.8% annually over the five-year period. This projection suggests that the demand for air fryers is anticipated to increase steadily, reflecting a positive trend in consumer preferences towards healthier cooking alternatives and technological advancements in kitchen appliances.
In 2018, the online distribution channel for air fryers accounted for approximately 45% of the global revenue.
The statistic indicates that in 2018, online sales of air fryers contributed to around 45% of the total revenue generated globally from the sales of air fryers. This suggests a significant shift towards online shopping for air fryers compared to traditional in-store purchases. Factors contributing to this trend could include the convenience and accessibility of online shopping platforms, competitive pricing, and a wider range of product choices available online. The statistic reflects the changing consumer behavior and preferences in the kitchen appliance market, highlighting the growing importance of online distribution channels for air fryer manufacturers and retailers.
Air fryers are most popular in the Asia Pacific region, holding a market share of 34.1% in 2018.
The statistic indicates that air fryers are particularly popular in the Asia Pacific region, accounting for 34.1% of the market share in 2018. This suggests that a significant portion of consumers in countries within the Asia Pacific are opting for air fryers as a preferred cooking appliance. Various factors such as changing lifestyles, increased health consciousness, and an emphasis on convenience may be contributing to the popularity of air fryers in this region. This statistic serves as an important insight for companies looking to expand their market presence or tailor their products to meet the preferences of consumers in the Asia Pacific region.
The U.S. market for air fryers is projected to reach USD 1,197.4 Million by 2027.
The statistic indicates that the U.S. market for air fryers is expected to grow significantly by 2027, with projected revenues reaching USD 1,197.4 million. This suggests a growing demand for air fryers in the U.S. as consumers increasingly look for healthier cooking alternatives that can mimic the crispiness of fried foods without the need for excess oil. The projected growth in market size reflects changing consumer preferences towards healthier eating habits and convenience in home cooking. It also signifies potential opportunities for businesses operating in the air fryer market to capitalize on this trend and expand their presence in the industry.
As of 2020, GoWISE USA has a share of approximately 15% of the U.S air fryer market.
The statistic that as of 2020, GoWISE USA holds a share of approximately 15% of the U.S. air fryer market implies that out of all the air fryer products available in the United States, GoWISE USA’s products make up roughly 15% of total sales. This indicates strong market presence and consumer preference for GoWISE USA’s air fryers compared to their competitors. The statistic suggests that GoWISE USA is a significant player in the air fryer market, capturing a sizeable portion of the market share, which may be attributed to factors such as product quality, brand recognition, marketing strategies, pricing, and customer satisfaction.
Europeans are expected to spend around €1.64 billion on air fryers by 2025.
The statistic that Europeans are expected to spend around €1.64 billion on air fryers by 2025 indicates a significant projected increase in consumer spending on this kitchen appliance over the next few years. Air fryers have gained popularity due to their healthier cooking alternative to traditional deep frying methods, which aligns with the increasing consumer focus on health and wellness. As the demand for convenient home cooking tools continues to rise, it is anticipated that European consumers will invest a substantial amount in air fryers as a solution for preparing crispy and delicious meals with less oil. This statistic reflects the growing trend towards healthier lifestyles and the growth potential of the air fryer market in Europe.
The air fryer market in India is growing at a CAGR of 10% (2021-2026).
The Compound Annual Growth Rate (CAGR) of 10% in the air fryer market in India from 2021 to 2026 indicates that the market is experiencing consistent and steady growth over this period. This growth rate represents the average annual rate of growth over the specified timeframe. A CAGR of 10% suggests that the market is expanding significantly each year and is likely to double in size approximately every seven years. This statistic implies a positive outlook for the air fryer market in India, indicating increasing demand for air fryer products and potential opportunities for businesses operating in this sector.
In 2020, Amazon was the leading retailer of air fryers, selling two times as many units as the next leading retailer, Walmart.
The statistic that in 2020, Amazon was the leading retailer of air fryers, selling two times as many units as the next leading retailer, Walmart, indicates Amazon’s dominant market position in the air fryer industry. This means that Amazon sold double the number of air fryers compared to Walmart, highlighting Amazon’s significant market share and consumer preference for purchasing air fryers through their platform. The statistic points to Amazon’s strong sales and distribution network, as well as their ability to meet consumer demand for this popular kitchen appliance.
Air fryers with over 5L capacity are expected to witness the fastest growth at a CAGR of 8.3% from 2021 to 2028.
The statistic indicates that air fryers with a capacity of over 5 liters are projected to experience the most rapid growth, with a Compound Annual Growth Rate (CAGR) of 8.3% from the year 2021 to 2028. This suggests that there is a growing demand for larger-capacity air fryers in the market, likely driven by factors such as increased consumer interest in healthier cooking methods and convenience. The CAGR of 8.3% signifies the annual growth rate of sales for these particular air fryer models over the specified time period, highlighting the potential attractiveness and profitability of this product category for manufacturers and retailers in the culinary appliance industry.
In 2020, about 10.4 million people owned an air fryer in the United States.
The statistic reveals that in 2020, there were approximately 10.4 million individuals who possessed an air fryer in the United States. This data point indicates a significant prevalence of air fryer ownership among Americans during that year. The popularity of air fryers can be attributed to their convenience in producing healthier fried foods by using less oil compared to traditional frying methods, as well as their versatility in cooking a variety of dishes. The statistic underscores the widespread adoption of air fryers as a kitchen appliance in American households, reflecting a shift towards healthier cooking practices and a growing interest in innovative culinary technologies.
Household penetration of air fryers in US households was 13% in 2019.
The statistic “Household penetration of air fryers in US households was 13% in 2019” indicates the percentage of households in the United States that owned an air fryer in the year 2019. A household penetration rate of 13% suggests that roughly 13 out of every 100 households in the US had an air fryer at that time. This statistic provides valuable insights into the popularity and adoption of air fryers among consumers, highlighting the increasing trend of integrating this kitchen appliance into homes across the country. It can also be indicative of changes in cooking habits and preferences, as well as the influence of marketing and product innovation in driving consumer choices related to kitchen appliances.
As of 2019, the air fryer market in China is expected to reach $1.40 billion by 2025.
The statistic suggests that the market for air fryers in China is anticipated to experience significant growth, with projections indicating a value of $1.40 billion by the year 2025. This forecast implies a substantial increase in the demand for air fryers among Chinese consumers in the upcoming years. Factors such as changing dietary preferences, growing health consciousness, and increasing disposable incomes could be driving this trend. The statistic highlights the potential opportunities for businesses operating in the air fryer industry to capitalize on this expanding market and underscores the importance of strategic planning and market positioning to tap into the projected growth.
The residential application segment is expected to reach USD 915.7 million by the end of 2024 in the air fryer market in India.
This statistic indicates the projected growth of the residential application segment within the air fryer market in India, forecasted to reach USD 915.7 million by the end of 2024. This suggests a promising and substantial increase in demand for air fryers specifically within the residential segment, reflecting changing consumer preferences towards healthier cooking alternatives and the convenience of air frying technology. The significant market size forecasted for this segment underscores the potential opportunities for businesses operating in the air fryer market to capitalize on this evolving trend and cater to the growing consumer base seeking convenient and healthier cooking solutions in India.
The average price of an air fryer in the U.S. is around $70.
The statistic ‘The average price of an air fryer in the U.S. is around $70’ indicates that when analyzing the prices of multiple air fryers available in the U.S. market, the mean or average price was found to be approximately $70. This implies that there is a range of prices for air fryers in the U.S., with some being higher and some lower than $70. Understanding this average price can be useful for consumers looking to purchase an air fryer as it provides a general idea of what one might expect to pay, but individual prices may vary based on factors such as brand, features, and retailer.
Australia’s demand for air fryers is expected to grow at a CAGR of 7.1% during the period between 2019-2027.
This statistic indicates that the demand for air fryers in Australia is projected to increase steadily at a compound annual growth rate (CAGR) of 7.1% from 2019 to 2027. This implies that the market for air fryers in Australia is expected to expand significantly over the stated period, with consumers showing a strong and continuous interest in this kitchen appliance. The CAGR of 7.1% indicates a consistent annual growth rate over the years, suggesting a sustained and steady rise in the popularity and adoption of air fryers among Australian households.
References
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