The global Air Fryers market was valued at USD 3.12 billion in 2022 and expected to grow at a CAGR of 7.7% during the forecast period.
Air fryers are kitchen appliances that use convection to circulate hot air around food to cook it. They are designed to fry foods with little to no oil, making them a healthier alternative to traditional deep frying methods. Air fryers can cook a variety of foods such as french fries, chicken wings, and even vegetables. They typically have a basket or tray for holding food, a heating element, and a fan to circulate the hot air. Many air fryers also come with adjustable temperature and timer controls to allow for precise cooking.
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The market growth is driven by the rising demand for healthy food products, increasing health consciousness among people, and the convenience and versatility provided by air fryers. Furthermore, the growing adoption of air fryers in commercial food service establishments such as restaurants, cafes, and fast-food chains is also contributing to market growth. The market is expected to witness a surge in demand in the Asia Pacific region due to the increasing adoption of air fryers in countries like China and India. However, the high cost of air fryers and the availability of alternative products such as deep fryers and traditional ovens are likely to hamper market growth to some extent.
The global air fryers market has been seeing significant growth in recent years. The increasing health consciousness among consumers, rising demand for convenient and easy-to-use kitchen appliances, and the growing popularity of fried foods with reduced oil content are some of the major driving factors for the market.
In addition, the increasing adoption of air fryers in commercial kitchens, restaurants, and other food service industries is expected to boost the demand for air fryers during the forecast period. The growing trend of home cooking and DIY cooking has also been a significant factor driving the demand for air fryers.
However, the high cost of air fryers compared to traditional fryers and the availability of substitute products such as deep fryers and convection ovens may hinder the growth of the market. The lack of awareness about the benefits of air fryers among consumers, especially in developing countries, may also limit the market growth.
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