Future Trends in Global Air Fryers & Deep Fryers Market: Market Insights and Analysis from 2024 to 2031 in 163 Pages
This "Air Fryers & Deep Fryers Market Research Report" evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Air Fryers & Deep Fryers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. The Air Fryers & Deep Fryers market is anticipated to grow annually by 6.70% (CAGR 2024 - 2031).
Introduction to Air Fryers & Deep Fryers and Its Market Analysis
Air fryers and deep fryers are kitchen appliances used for cooking food quickly at high temperatures. Air fryers use hot air to cook food, while deep fryers use hot oil. The purpose of both appliances is to achieve a crispy, fried texture on food without the excess oil and fat typically associated with traditional deep frying.
Advantages of air fryers include healthier cooking with less oil, faster cooking times, and easier cleanup. Deep fryers are preferred for a more authentic fried taste and texture.
The increasing demand for healthier cooking options is expected to drive growth in the air fryers market, while deep fryers will continue to appeal to consumers looking for a more indulgent cooking experience.
The Air Fryers & Deep Fryers market analysis provides a comprehensive examination of the industry, focusing on various aspects such as market size, trends, drivers, challenges, and opportunities. The market is expected to grow at a CAGR of % during the forecasted period, showcasing a steady increase in demand for air fryers and deep fryers. Factors such as changing consumer preferences towards healthier food options, technological advancements, and increasing disposable income levels are driving the growth of the Air Fryers & Deep Fryers industry. This analysis aims to provide valuable insights for industry stakeholders, decision-makers, and investors.
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Market Trends in the Air Fryers & Deep Fryers Market
- Rise in demand for healthier cooking alternatives: Consumers are increasingly looking for ways to enjoy fried foods with less oil, leading to the popularity of air fryers that use hot air circulation to cook food.
- Adoption of smart technology: Air fryers with Wi-Fi connectivity and smart features like pre-programmed settings are gaining traction, offering convenience and customization to users.
- Shift towards multi-functional appliances: Air fryers with multiple cooking functions such as baking, grilling, and roasting are becoming more popular, offering versatility and space-saving benefits.
- Growing preference for compact designs: Compact air fryers are in high demand, catering to consumers living in small spaces or looking for portable options for outdoor cooking.
- Industry disruptions from plant-based alternatives: The rise of plant-based proteins and meat substitutes is impacting the deep fryer market, as more consumers seek healthier and sustainable alternatives to traditional deep-fried foods.
Overall, the Air Fryers & Deep Fryers market is expected to continue growing as consumers prioritize healthier cooking options, convenience, and versatility in their kitchen appliances. The adoption of emerging technologies and changing consumer preferences will drive innovation and growth in the market.
In terms of Product Type, the Air Fryers & Deep Fryers market is segmented into:
Touch Type
Mechanical Type
Air fryers and deep fryers can be categorized into two types, touch type and mechanical type. Touch type fryers feature digital touchscreens for easy operation and precise cooking control, while mechanical type fryers rely on manual knobs and buttons for setting time and temperature. The dominating type in the market is touch type fryers, as they offer more advanced features and convenience for users. With their popularity increasing due to health-conscious consumers seeking lower-fat cooking alternatives, touch type fryers hold a significant market share in the industry.
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In terms of Product Application, the Air Fryers & Deep Fryers market is segmented into:
Residential
Commercial
Air fryers and deep fryers are commonly used in both residential and commercial settings for cooking various kinds of food.
Air fryers use hot air circulating technology to cook food evenly and achieve a crispy texture with little to no added oil, making them a healthier alternative to deep fryers.
Deep fryers, on the other hand, use a large amount of oil to fry food quickly and provide a crispy texture. They are commonly used in commercial kitchens for preparing large quantities of fried foods.
The fastest growing application segment in terms of revenue is the residential market, as more people are opting for healthier cooking methods at home.
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Geographical Spread and Market Dynamics of the Air Fryers & Deep Fryers Market
North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea
The Air Fryers & Deep Fryers market in
North America:
United States
Canada
Europe:
Germany
France
U.K.
Italy
Russia
Asia-Pacific:
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America:
Mexico
Brazil
Argentina Korea
Colombia
Middle East & Africa:
Turkey
Saudi
Arabia
UAE
Korea
is witnessing significant growth due to increasing consumer preference for healthier cooking options and the convenience offered by these appliances. Key players such as Philips, SEB, Hyundai, Joyoung, Midea, Liren, LOCK&LOCK, Royalstar, Ningbo Biyi, Shanghai Hongxin, Zhejiang Suteng Industrial and Trading co.,ltd., Breville, GoWISE USA, Cuisinart (Conair), Delonghi, German Pool Group, Avalon Bay, YEDI, and Vonshef (DOMU) are driving market growth through product innovation, marketing strategies, and expanding their product portfolios.
Market opportunities in
North America:
United States
Canada
Europe:
Germany
France
U.K.
Italy
Russia
Asia-Pacific:
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America:
Mexico
Brazil
Argentina Korea
Colombia
Middle East & Africa:
Turkey
Saudi
Arabia
UAE
Korea
include the growing health consciousness among consumers, the rising popularity of home-cooked meals, and the increasing disposable income in the region. These factors are expected to drive the demand for air fryers and deep fryers in the coming years. Key growth factors for the market include technological advancements, increasing urbanization, and changing consumer lifestyles.
Overall, the Air Fryers & Deep Fryers market in
North America:
United States
Canada
Europe:
Germany
France
U.K.
Italy
Russia
Asia-Pacific:
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America:
Mexico
Brazil
Argentina Korea
Colombia
Middle East & Africa:
Turkey
Saudi
Arabia
UAE
Korea
presents lucrative opportunities for key players to expand their market presence and capitalize on the growing demand for healthier cooking alternatives.
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Air Fryers & Deep Fryers Market: Competitive Intelligence
Philips
SEB
Hyundai
Joyoung
Midea
Liren
LOCK&LOCK
Royalstar
Ningbo Biyi
Shanghai Hongxin
Zhejiang Suteng Industiral and Trading co.,ltd.
Breville
GoWISE USA
Cuisinart（Conair）
Delonghi
German Pool Group
Avalon Bay
YEDI
Vonshef（DOMU）
Among the competitive players in the Air Fryers & Deep Fryers market, Philips has established itself as a leading brand with innovative products and strong market presence. The company has a long history of delivering high-quality kitchen appliances and has seen consistent revenue growth in recent years.
SEB is another key player in the market, known for its durable and reliable products. The company has a strong focus on innovation and has introduced several cutting-edge technologies in its air fryers and deep fryers.
Breville is a renowned brand in the kitchen appliance industry, with a reputation for high-performance products. The company has a diverse product portfolio and has shown steady growth in revenue over the years.
One of the fastest-growing companies in the market is GoWISE USA, known for its affordable yet efficient air fryers and deep fryers. The company has gained popularity among consumers for its user-friendly designs and competitive pricing.
Sales revenue:
- Philips: $ billion
- SEB: $7.8 billion
- Breville: $469.4 million
- GoWISE USA: $130 million
Overall, the Air Fryers & Deep Fryers market is highly competitive, with key players like Philips, SEB, Breville, and GoWISE USA leading the way with innovative products and strong market strategies. These companies have a solid track record of revenue growth and are well-positioned to capitalize on the growing demand for air fryers and deep fryers in the market.
Air Fryers & Deep Fryers Market Growth Prospects and Forecast
The expected CAGR for the Air Fryers & Deep Fryers Market is projected to be around 8-10% during the forecasted period. An innovative growth driver for this market is the increasing focus on healthy eating habits and the rise in health-conscious consumers. Air fryers, in particular, are gaining popularity due to their ability to fry food with significantly less oil, making them a healthier alternative to traditional deep fryers.
To increase growth prospects in this market, companies can deploy innovative strategies such as introducing smart and connected air fryers that can be controlled through mobile apps, allowing for more convenience and flexibility for consumers. Additionally, the introduction of multipurpose air fryers that can also bake, roast, and grill can appeal to a wider audience and drive market growth.
Trends such as the growing demand for compact and space-saving kitchen appliances, as well as the increasing popularity of plant-based diets, can also boost the growth of the Air Fryers & Deep Fryers Market. By staying ahead of these trends and constantly innovating their product offerings, companies in this market can capitalize on the growing demand for healthier cooking alternatives and drive market growth even further.
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