According to a report, “Air Fryer Market Size, Share & Trends Analysis Report by Product (Manual, Digital), By Distribution Channel (Offline, Online), By Region (North America, Europe, APAC, MEA, Central & South America), And Segment Forecasts, 2019 - 2025” published by Grand View Research, Inc. 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. The introduction of innovative products with improved designs is the key factor driving the growth of this market. The growth of the market is also anticipated to be boosted by strong demand from restaurants, hotels, and hospitals. In addition, it is anticipated that the high demand for energy-efficient products would have a positive effect on consumer expansion.
Based
on product type, the 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
the increasing demand for energy-efficient kitchen appliances. It is projected
that the availability of advanced feature devices, such as a touch screen
display, quick preheating, and temperature control knob, would fuel the market
for digital air fryers. Recently, in July 2020, Shark Ninja launched a new
Ninja Foodi 2-Basket Air Fryer. The air fryer uses a two-basket cooking system
for additional flexibility relative to conventional air fryers. The 8-quart
power air fryer with DualZone technology allows the user to cook two meals in
two ways, and finish at the same time.
The
offline segment held the leading market share in 2018. High product visibility
and an increasing number of retailer stores, such as Walmart, in developing
countries including India and China, is the 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. The rising popularity of e-commerce
retailers, such as Amazon.com, is the key factor in boosting product sales
through online channels.
Full Research Report On Air Fryer Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/air-fryer-market
Air Fryer Market
Report Highlights
- The
digital air fryer segment held the largest market share in 2018 owing to the increased
demand for automatic cooking appliances in developing countries, such as
the U.S., Canada, and Germany. The segment is expected to exhibit the
highest CAGR during the forecast period.
- The
offline distribution channel was the leading segment in 2018. High product visibility and an
increasing number of retailer stores, such as Walmart, in developing countries
including India and China, are some of the key factors driving the growth
of this segment.
- The
increasing success of e-commerce retailers, such as Amazon.com, is a crucial factor in
boosting product revenue across online platforms. In addition, various
offers and cashback promotions offered by online retailers help boost the
sales of the product.
- Europe
led the regional air fryer market in 2018. It is also expected to remain dominant during
the forecast years owing to the increasing health-conscious of individuals
in the region leading to high demand for the product.
- The Asia
Pacific region is expected to witness the fastest CAGR of 8.7% from 2019 to 2025. Increasing consumer
disposable income levels in emerging countries along with rising health consciousness
is the key growth-driving factor.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/air-fryer-market/request/rs1
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
No comments:
Post a Comment