According to a new report Global Air Fryer Market, published by KBV research, The Global Air Fryer Market size is expected to reach $1.2 billion by 2026, rising at a market growth of 10.7% CAGR during the forecast period.
The offline distribution channel was the main segment in 2019. High item visibility and an expanding number of retailer stores, for example, Walmart, in developing nations including India and China, is the leading factor driving the development of this segment. The online channel will keep on developing with a robust growth during the forecast period. The convenience offered by e-commerce is a major reason for the success of expansions, mergers, and acquisitions, and product and technological developments, to increase a higher share of the market.
The digital product segment held the largest share of the air fryer industry in 2019 by virtue of expanded demand for programmed cooking appliances in developed nations, for example, the U.S., Canada, and Germany. The segment is projected to grow further at the high CAGR during the forecast years. The manual product portion is likewise foreseen to observe significant development in the upcoming years. Manual air fryers are favored because of their lower cost than digital items. However, slower cooking time is a key component that may limit segment development.
Europe was the largest regional market in 2019. It is assessed to extend further at a consistent growth over the forecast years due to growing health awareness and resultant demand for air fryers. However, Asia Pacific is foreseen to extend at the high CAGR from 2020 to 2026.
Structural Insights: https://www.kbvresearch.com/air-fryer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Newell Brands, Inc., Koninklijke Philips N.V., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation), Meyer Manufacturing Company Limited, GoWISE USA and NuWave, LLC.
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