Growing purchasing power of consumers in developing countries and changing lifestyles of people stimulated the demand for innovative and smart kitchen appliances.
Rising health consciousness and rising obesity concerns are accelerating the demand for advanced low fat electric fryers. AirFryer is a new innovative technology in the electric fryer market which ensures the retention of nutrients and contains low fat as compare to the conventional electric fryers.
Global residential electric fryers market is segmented into distribution channels types such as offline and online distribution channels. Offline distribution channels accounts for the major distribution channel in 2016 owing to preference of consumers to buy electric appliances at specialty store and hypermarkets as stores facilitate the customers to compare brand, price and designs.
The global residential electric fryers market accounted for more than USD 1.6 Billion in 2016 and projected to surpass USD 2.8 Billion by the end of 2024. Further, the market is anticipated to expand at compound annual growth rate of 7.2% over the forecast period i.e. 2016-2024. Geographically, North America dominates the global residential electric fryers market with more than 35% of revenue share closely followed by Europe. Asia-Pacific is anticipated to be fastest growing region over the forecast period owing to rapid urbanization and growing PDI population in developing countries such as China and India among Others.
AirFryer is an innovative technology that can cook any type of food which is needed to be deep fried with reduced oil content up to 80% than conventional electric fryers. Demand for AirFryers is majorly driven by the health conscious consumers. The market is witnessing huge shift from conventional deep fryers towards better alternative such as AirFryers which is expected to drive the growth of global electric fryers market.
Global Residential Electric Fryers Market Outlook 2024 contains detailed overview of the global residential electric fryers market in terms of market segmentation by product and distribution channels type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market report also includes competitive outlook of some of the major players of the global residential electric fryers market which includes profiling of companies such as Koninklijke Philips N.V., Cuisinart, Havells, Kenstar, Tefal, Waring, Avalon Bay, Brevilee, Hamilton Beach Brands, Jarden Consumer Solutions etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global residential electric fryers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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