Introduction Of Innovative Products With Improved Designs Is Key Factor Driving Air Fryer Market Growth

The global air fryer market size is anticipated to reach USD 1.05 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a healthy CAGR of 7.0% over the forecast period i.e., from 2019 to 2025. Introduction of innovative products with improved designs is the key factor driving the growth of this market.

Based on product type, digital air fryer segment held the largest market share in 2018 and will retain its dominant position throughout the forecast years. The segment is also estimated to register the fastest CAGR from 2019 to 2025 due to increasing demand for energy-efficient kitchen appliances. Moreover, availability of advanced products with features, such as touch screen panel, fast preheating, and temperature control knob, is expected to fuel the demand for digital air fryers.

Offline segment held leading market share in 2018. High product visibility and increasing number of retailer stores, such as Walmart, in developing countries including India and China, is main factor driving the growth of this segment. The online distribution channel segment is anticipated to expand at the fastest CAGR from 2019 to 2025. Rising popularity of e-commerce retailers, such as Amazon.com, is the key factor boosting the product sales through online channels.

Moreover, most of the prominent companies have their own websites, which also contributes to the segment growth. Europe was the leading region in 2018 and will retain its dominant position throughout the forecast years owing increasing health consciousness and resultant demand for air fryers. However, Asia Pacific is anticipated to expand at a fastest CAGR of 8.7% from 2019 to 2025.

For full research report on Air Fryer Market visit here: https://www.grandviewresearch.com/industry-analysis/air-fryer-market

Further key findings from the study suggest:

• Europe is anticipated to be the largest regional market owing to high product demand as a result of rising health consciousness
• The digital product segment is anticipated to expand at the fastest CAGR of 7.1% over the forecast period due to rising demand for energy-efficient digital products
• Offline distribution channel was the leading segment in 2018 and will expand further due to rising number of retail stores, such as Walmart, across the globe
• However, Asia Pacific is anticipated to register the maximum CAGR of 8.7% from 2019 to 2025. High awareness and demand for these products, especially in emerging countries like India and China
• Key companies in the air fryer market are Koninklijke Philips N.V.; Cuisinart; SharkNinja Operating LLC; DASH (StoreBound LLC); Breville, Inc.; Havells India Ltd.; TTK Prestige Ltd.; KRUPS; and NuWave, LLC

Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/air-fryer-market/request/rs1

Grand View Research has segmented the global air fryer market on the basis of product, distribution channel, and region:

Air Fryer Product Outlook (Revenue, USD Million, 2015 - 2025)

• Manual
• Digital

Air Fryer Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Air Fryer Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

About Grand View Research    

    

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com