Deep Analysis of Impact of COVID-19 on “Air Fryer Market 2019-2025” Growth Worldwide….



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.
Some of the prominent companies in the 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. Most of the companies have undertaken several strategic activities, such as expansions, mergers and acquisitions, and product and technological innovations, to gain a higher market share.
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.
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https://www.grandviewresearch.com/industry-analysis/air-fryer-market/request/rs4
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
The global air fryer market size was valued at USD 658.9 million in 2018. The market is estimated to expand further at a CAGR of 7.0% from 2019 to 2025. Introduction of innovative products with improved designs is the key factor driving the growth of this market. In addition, rising health consciousness and awareness about following a healthy diet are projected to drive the product demand, thereby supporting market growth.
High demand from restaurants, hotels, and hospitals, is also expected to have boost the market growth. Moreover, high demand for energy-efficient products is expected to have positive impact on the market growth. 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. 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.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. Europe was the leading regional market in 2018. It is estimated to expand further at a steady CAGR over 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.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-air-fryer-market
Grand View Research has segmented the global air fryer market on the basis of product, distribution channel:
Air Fryer Product Outlook (Revenue, USD Million, 2015 - 2025)
·         Manual
·         Digital
Air Fryer Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
·         Offline
·         Online

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.



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