Air Fryer Market to Surge at 5.72% CAGR, which is anticipated to reach USD 1595.14 million by 2031
CRI Report has released a report titled “Air Fryer Market –Global Analysis of Market Size, Share & Trends for 2019 – 2021 and Forecasts to 2031” which is anticipated to Air Fryer Market to surpass USD 1595.14 million by 2031 from USD 914.39 Million in 2021 at a CAGR of 5.72% within the coming years, i.e., 2021-31. It will reach USD 5951.67 million by 2031. According to a study by CRI Report, the broad expansion, together with the growth of the market is directly related to the demand for on-the-go beverages due to widespread promotional activities contributes the rise in Air Fryer Market. Together with rising in coffee consumption in developing states, rapid development, growing demand for ice coffee drive the market of Air Fryer.
The market report on Air Fryer Market includes in-depth insights as:
- The estimated value of the market was USD 914.39 million in the year 2021.
- Air Fryer Market in North America held the largest market share in the year 2021.
- Based on, Device Type, Manual Device Segment, emerged as a key segment in the Air Fryer market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“People from urban regions are keen to buy products with classy esthetics and high cost. Due to rising disposable incomes and household incomes, the urban population is more likely to purchase air fryers. A larger working-class population supports the sales of cookware goods, driving the demand for low-oil cooking appliances. Air fryers are an elevation from conventional electric fryer models. Access to new cooking structures has brought about a transition in customer penchants rising sales in coming year”, according to this report
Air fryer is a small countertop convection oven designed to simulate deep frying without immersing the food in oil. A fan circulates hot air at high speed, producing a crisp layer via browning responses such as the Maillard Response. Some products reviews claim that general convection oven or convection toaster ovens yield better results or that air frying is essentially convection baking under a fashionable new name. Air Fryer’s cooking chamber emits heat from heat elements near the food, and a fan circulates hot air. Cooking oil is not used in large quantities in Air Fryer.
Air Fryer Market is segmented by Digital type into Digital-based and manual-based Products. The Digital Product segment is projected to lead the global market in the forecast timeframe. Arabica has wide range of health advantages such as anti-bacterial properties that maintain oral hygiene, lower the stress level, promote skin hydration, and many other benefits. All these components lift the Arabica Segment globally.
Key Players in the Market
Some of the key players operating in the Air Fryer Market are Stanley Black & Decker, Breville Group Limited, Groupe SEB, sharkNinja Operating LLC, Cuisinart Corporation, Meyer Manufacturing Company Limited, GoWise USA, NuWave, LLC, De’Longhi Appliances S.r.l., DOMU Brands Ltd, TAURUS GROUP, Bajaj Electricals Ltd.
Get Valuable Insights into Air Fryer Market.
In the new report, CRI Report thrives to present an unbiased analysis of Air Fryer Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.