According to a new report, published by KBV research, The Global Air Fryer Market size is expected to reach $1.5 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 10,613.96 thousand units, experiencing a growth of 23.7% (2020-2023).
The Manual segment is anticipating a CAGR of 7.3% during (2024 - 2031). Manual air fryers are favored by budget-conscious consumers who seek cost-effective kitchen appliances without sacrificing the benefits of air frying. The straightforward controls, typically involving basic dials for temperature and time adjustments, make them easy to use, particularly for those who prefer traditional, no-fuss operation. Their durable construction and fewer electronic components reduce the likelihood of technical malfunctions, appealing to consumers who prioritize longevity and ease of maintenance.
The Hypermarkets & Supermarkets segment is leading the Global Air Fryer Market by Distribution Channel in 2023; thereby, achieving a market value of $695.3 Million by 2031. Hypermarkets and supermarkets are frequently utilized as one-stop shops for a variety of consumer requirements, such as groceries, household items, and appliances, and are widely accessible. The convenience of purchasing an air fryer during a routine shopping trip is a significant advantage for many consumers. These large retail chains also frequently offer competitive pricing and promotional discounts, making air fryers more affordable and attractive to a broad customer base.
The Commercial segment registers a CAGR of 6.8% during (2024 - 2031). The growing demand for healthier menu alternatives in catering services, restaurants, cafes, hotels, and other food service companies is the primary factor driving the market for commercial air fryers. As consumers increasingly prioritize nutritious dining choices, commercial kitchens are adopting air fryers to prepare popular fried items with less oil, meeting customer expectations for healthier meals without compromising taste.
Full Report: https://www.kbvresearch.com/air-fryer-market/
The North America region dominated the Global Air Fryer Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $568.8 Million by 2031. The Europe region is experiencing a CAGR of 6.2% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 6.8% during (2024 - 2031).
By Product (Volume, Thousand Unites, USD Billion, 2020-2030)
By Distribution Channel (Volume, Thousand Unites, USD Billion, 2020-2030)
By End User (Volume, Thousand Unites, USD Billion, 2020-2030)
By Geography (Volume, Thousand Unites, USD Billion, 2020-2030)
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