The Air Fryer Market Size, Share, and overview research report forecast 2023-2028 offers a comprehensive overview of the market, including current trends and forecast growth in terms of service and products. The reader may use this information to better understand the market under consideration's quantitative growth elements. This research focuses on crucial market growth indicators and examines revenue development, value chain analysis, and geography studies in great detail.
To get a competitive edge in the industry, top suppliers are focusing on providing high-quality, economical, and new technologies employing existing materials. Leading producers compete in terms of price, quality, design, and aftermarket support. The competition is increasing and getting better thanks to technological know-how and investments made through partnerships and agreements.
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The study's objective was to:
- Market size by major regions/nations and other study segments are taken into account and analysed.
- A better comprehension of market structure.
- Identifies, portrays, and examines Market Players to determine value, share, the competitive landscape, SWOT analysis, and future development strategies.
- To assess the market's particular growth trends, potential, and overall commitment.
- To convey in-depth information about the major market growth influences (growth potential, industry-specific challenges, and risks).
- To assess the market's size in relation to important regions and the relevant main countries.
- To assess market developments for competitive analysis, such as market growth, partnerships, new product introductions, and acquisitions.
Market Dynamics
Key Driver: Rising Health Awareness Among Individuals
In recent years there has been a surge in the popularity of air fryers, owing to rapid urbanization constantly changing lifestyles, which has increased health concerns, such as obesity, high/low blood pressure, etc., among individuals. This has led to a rise in health awareness among individuals, allowing them to adopt mindful cooking habits transition to healthier cookware options.
Moreover, post-2020, there has been a rise in the health wellness trend due to increased internet browsing. Social media played a very triggering role in the growth of the market, as it extensively promoted no or low-oil-based cooking habits the benefits associated with it. Thereby also mentioning the use of air fryers instead of traditional fryers.
Hence, this had a psychological impact on the consumers to opt for conscious cooking habits, thus maintaining a good healthy lifestyle regime, further enhancing the demand during 2018-28.
Industry Players Development
- 2022: Midea launched its new line of air fryers with a capacity of up to 5.5L in Brazil. The launch of models initiated the presence of Midea in the market.
- 2022: Xiamo launched the smart air fryer in India. It is an IoT-integrated home appliance with additional features such as Wi-Fi connectivity Google Assistant integration, along with a wide temperature range.
Competitively in the Air Fryer Market:
To create superior business plans and obtain a competitive advantage, it is essential to consider historical firm performance, basic operational techniques, and the product and service portfolio. This research provides an in-depth analysis of the leading players in the worldwide Air Fryer market historical firm performance, basic operational techniques, and the product and service portfolio. These businesses have engaged in a number of joint ventures, collaborations, mergers, and acquisitions in order to forge a strong position in the market:
Top Companies of Air Fryer Market
-Kokinklijke Philips N.V
-LG Corporation
-Stanley Black Decker Inc.
-Breville Group Ltd.
-Groupe SEB
-SharkNinja Operating LLC
-Cuisinart
-Go Wise USA
-NuWave LLC
-De Longhi
-NeWell Brands
-German Pool Group
-Yedi Houseware Appliances
-Midea
-JoYoung
-Bajaj Electricals Ltd.
-Others
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Important Air Fryer Market Segmentation
The market segmentation section explains segments to readers. The report outlines their historical development as well as the future course they will probably take. In-depth details on new trends that may influence these segments' future are also included. In addition to providing projections for 2023-2028 at the global, regional, and national levels, the report looks at important trends in each sub segment of the worldwide market.
By Product Type
-Cylindrical Basket Air Fryer
-Air Fryer Oven
By End-user
-Household
-Hotels Restaurant
-Hospitals
-Office Others
By Capacity
-1-3 Quarts (Small)
-3-5 Quarts (Medium)
-5-6 Quarts (Large)
-6-16 Quarts (Extra Large)
By Distribution Channel
-Hypermarket/ Supermarket
-Small Electronic Stores
-Online
By Region
-North America
-South America
-Europe
-Middle East Africa
-Asia-Pacific
Important Concerns Addressed in This Air Fryer Market Report:
- How has the worldwide Air Fryer Market performed thus far, and how will it fare in the years to come?
- What effect did COVID-19 have on the market?
- Which geographical markets are most crucial?
- How does the market division appear?
- What are the various steps in the industry's value chain?
- What are the industry's primary driving forces and obstacles?
- How is the Air Fryer Market structured globally, and who are the key players?
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