Asia Pacific Air Fryer Market

Asia Pacific Air Fryer Market Size, Share & Trends Analysis Report By Product (Digital, and Manual), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, and Online Channel), By End User, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23831 Publication Date: August-2024 Number of Pages: 125
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Analysis of Market Size & Trends

The Asia Pacific Air Fryer Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,686.90 thousand units, showcasing a growth of 24.0% (2020-2023).

The specialty stores distribution channel plays a crucial role in the air fryer market, offering consumers a curated selection of high-quality kitchen appliances. These stores focus on delivering a personalized shopping experience, often staffed by knowledgeable sales personnel who can provide detailed product information and recommendations. Thus, the China market is expected to sale 280.48 thousand units of air fryer by specialty store by 2031.

Asia Pacific Air Fryer Market

The China market dominated the Asia Pacific Air Fryer Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $103.4 Million by 2031. The Japan market is registering a CAGR of 6.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.5% during (2024 - 2031).

Despite their numerous advantages, the market faces challenges that could hamper its growth. One such challenge is the high initial cost of purchasing an air fryer. While prices have decreased over time, high-quality models with advanced features remain relatively expensive compared to traditional cooking appliances.

Moreover, this cost barrier can deter budget-conscious consumers and limit market penetration, particularly in developing regions with lower disposable income. Another challenge is the limited cooking capacity of most air fryers. Standard models are generally intended for small to medium-sized meals, which may not be adequate for individuals who frequently prepare meals for larger families or groups.

The rising health consciousness among Asian Pacific consumers fuels the demand for air fryers. In China, the increasing demand for air fryers is driven by rising health consciousness. With half its adult population now rated as overweight or obese, China is promoting weight control through a new public awareness campaign. This growing awareness of health issues has led Chinese consumers to seek healthier cooking methods that reduce oil consumption. Air fryers, which can prepare traditional Chinese fried foods with significantly less oil, are seen as a healthier alternative.

Free Valuable Insights: The Global Air Fryer Market is Predict to reach USD 1.5 Billion by 2031, at a CAGR of 6.3%

Based on Product, the market is segmented into Digital, and Manual. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, and Online Channel. Based on End User, the market is segmented into Residential, and Commercial.  Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • Newell Brands, Inc.
  • Koninklijke Philips N.V.
  • Spectrum Brands Holdings, Inc.
  • Breville Group Limited
  • Wonderchef Home Appliances Pvt. Ltd.
  • TTK Prestige Limited
  • Havells India Ltd.
  • Cuisinart Corporation (Conair Corporation)
  • GoWISE USA
  • Nuwave, LLC.

Asia Pacific Air Fryer Market Report Segmentation

By Product (Volume, Thousand Unites, USD Billion, 2020-2030)

  • Digital
  • Manual

By Distribution Channel (Volume, Thousand Unites, USD Billion, 2020-2030)

  • Hypermarkets & Supermarkets
  • Specialty Stores
  • Online Channel

By End User (Volume, Thousand Unites, USD Billion, 2020-2030)

  • Residential
  • Commercial

By Country (Volume, Thousand Unites, USD Billion, 2020-2030)

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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