The commercial air fryer market size is anticipated to rise from USD 848.8 Million in 2023 and it is anticipated to surpass USD 1,409.2 Million by 2033. The demand for commercial air fryers is anticipated to expand at a CAGR of 5.2% during the forecast period due to the rising popularity of fast food and snacks prepared using healthy modes of preparation. Some of the key factors aiding the sales include:
| Attribute | Details |
|---|---|
| Commercial Air Fryer Market (2023) | USD 848.8 Million |
| Commercial Air Fryer Market (2033) | USD 1,409.2 Million |
| Market CAGR (2023 to 2033) | 5.2% |
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Air fryers are synonymous with healthy food concepts. They offer convenience and help cook an extensive range of food products, including French fries, battered seafood, chicken wings, chips, etc. With surging demand for healthier meals even while dining out, several restaurant chains are adopting appliances that promote healthier ways of meal preparation. Thus, the demand for air fryers that help cook ‘fried’ food with little to no oil without compromising on crispiness, taste, and health has been gaining traction recently. Further, the availability of commercial air fryers in various sizes, capacities, and styles, as a stand-alone appliance or as well-suited for a countertop, are adding to its demand from fast-food facilities, restaurants, bars, school cafeterias, and food trucks.
Modern air fryers are now available for larger kitchens, having a basket capacity of 1 gallon, large enough for preparing several portions at once. These units have pre-programmed settings for chicken, fries, steak, and fish, etc., with a manual mode to control the temperature and cooking time. The quick cooking time of advanced air fryers aids will boost the satisfaction of final customers, thus, increasing its uptake by concession stands, cafés, food trucks, or catering businesses that serve fried foods. More technological innovations in the market include premium digital air fryers that allow crispy and evenly cooked food with greater efficiency in a matter of few seconds. Further, the development of new air fryers allowing the simultaneous meal preparation of two separate dishes has been gaining popularity as of late. The new air fryer/toaster oven units in the market, which offers the convenience of an air fryer and the versatility of an oven, offering pre-programmed settings for pizza, French fries, defrosting, barbeque, and roasting, are drawing the interest of the stakeholders.
Market players are further innovating affordable air fryer solutions for small businesses like food trucks and catering businesses. Further, several businesses are investing in this equipment to keep up with the consumer’s adoption of oil-free diets for health reasons. Additional sales propellants include new recipe developments, specific to the air fryers, and health and wellness trends surfacing on social media platforms that promote the consumption of low or no-oil-based foods due to their health benefits.
According to World Customs Organization (WCO), more than two million counterfeit pieces were seized during WCO operations in the Balkans in March 2022. The ineptitude of procurement networks to solve this issue is posing a severe challenge to key players, thus resulting in reduced consumer confidence and sales of new appliances. This problem is more prominent in online retail due to the lack of an appropriate verification process for product authenticity during delivery. Additionally, owing to new, more sophisticated counterfeiting processes, consumers are facing more difficulty distinguishing genuine versus counterfeit products, thus adversely impacting product sales and revenue.
Air fryers have plastic coatings on cooking surfaces, which in the long-term results in the release of toxic materials. Additionally, the high price of air fryers, coupled with frequent requirements for extra accessories at an additional cost, might dissuade customers, especially small businesses like food trucks and catering businesses, from purchasing commercial air fryers. LACK OF SKILLED PEOPLE
A manual air fryer, also known as an analog air fryer, is controlled by two simple dials responsive to cooking temperature and cooking time and has no other smart function. The manual air fryer holds the largest market share, accounting for 72.8% of the entire market share. This could be ascribed to the high demand for cheap air fryers to cut down the overall costs of businesses. Moreover, the congruent price range for a top manual air fryer and an entry-level digital air fryer seems to favor the demand for manual air fryers. Additionally, analog air fryers are easy to use for commercial purposes as many professionals are yet to be familiarized with the advanced, more complex digital air fryers. Also, the simple and fewer functions of manual air fryers make for the low repair cost of air fryers of this category, thus resulting in its heightened sales in the forthcoming years.
As the general wattage required by air fryers is around 1425 watts, the demand for air fryers within the range of 1200 -1500 watts is gaining huge demand. The market share held by 1200-1500 watts accounted for 27.3% of the overall market share of commercial air fryers. Moderately low power consumption of air fryers, in contrast to microwaves, deep fryers, and traditional ovens, is also boosting the product demand over the forecast period.
With almost 19.8% of the estimated market share in terms of sales in 2033, the USA is predicted to dominate the global market. The USA is expected to enjoy the largest market share on account of the surging adoption of air fryers for commercial purposes due to the rising awareness regarding the health benefits of food items prepared using air fryers. Further, the rising acceptance of smart kitchen equipment in the hotels, restaurants, and cafes (HORECA) sector to promote efficiency and modular aesthetics is also invigorating the market growth in the region.
The market is further driven by the high obesity rate in the USA, linked with a high incidence of cancers, thus propelling the demand for modern appliances promoted for their health benefits. Additionally, the market is supported by research and development activities in the market. In addition to this, the high density of well-established and widely-known players in the market is a significant factor contributing to the expansion of the commercial air fryer market size in the region.
The German commercial air fryer market is expected to account for the second-largest market share of 8.4% in 2033. The market growth for commercial air fryers looks promising in Germany. Several factors contributing towards the market growth in the region include rising investments, growing health consciousness and responsiveness for consuming a healthy diet, the launch of innovative products with new features and improved designs, and rising adoption of air fryers in shops, café, fast food restaurants, and hotels. Additionally, the market is propelled by the directed shift towards multi-functional air fryers from traditional deep fryers. Moreover, the rising demand for easy-to-use and quicker-to-operate appliances is supporting the demand for air fryers for commercial purposes.
Owing to the surge in momentum for the commercial use of air fryers, the Japan commercial air fryer market is predicted to account for a market share of 5.4% in the year 2033. The rising standards of living, the emerging trend of low-fat or oil-based cooking, and growing health consciousness among consumers are collectively aiding the growth of Japan's commercial air fryer market. Further, the high health consciousness of the Japanese populace, expanding food services sector in the country, new developments in air fryers accommodating larger capacities, well-suited cafes, hotels, and restaurants (HORECA) sector, are some of the factors facilitating the market growth in the region.
The Australian commercial air fryer market is estimated to represent 3.2% of the global commercial air fryer market in 2033. The market growth over the forecast period can be attributed to the new players expanding in the region due to lucrative growth opportunities in Australia. Additionally, ongoing collaborations as well as the acquisition of smaller companies are aiding the market growth of commercial air fryers in the region. The market is further influenced by the willingness of food service establishments to adopt appliances that support healthy eating practices. In addition to this, the growing sports and fitness-conscious consumers in the country are anticipated to propel the demand for air-fried food at food junctions.
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Due to their comparable product portfolios and clientele, start-ups are now engaged in severe competition. Over the projected period, it is anticipated that new fast-food companies seeking an enlarged customer base, encompassing health-conscious consumers, in addition to the expansion of operations would have a favorable effect on commercial air fryer demand.
Several start-ups have begun selling their goods online. To guarantee the widest possible product distribution, start-ups are partnering with distributors across the world. This assists them in growing both their customer base and the reach of their goods. Additionally, the industry is anticipated to benefit from rising internet penetration in both developed and emerging nations.
LightFry
LightFry, located in Sweden, offers air fryers and follows up on the installation of the product. The start-up is determined to grow awareness around this technology to expand its customer base. Additionally, the firm is taking action to ensure that the customers achieve great results in terms of improved production, financial savings, and an enhanced working environment.
The presence of several well-known competitors, such as Koninklijke Philips N.V., Stanley Black & Decker, Inc., and Breville Group Limited, as well as numerous small and medium-sized competitors, dominate the market. Furthermore, the commercial air fryer industry is marked by intense competition since the top commercial air fryer manufacturers have such a large client base. The players are well-established, have robust and wide-ranging distribution networks, and they can satisfy the demands of the food chain industry.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% from 2023 to 2033 |
| Base Year of Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | By Device Type, By Wattage, By Price Range, By Sales Channel, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa; Oceania |
| Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, Italy, France, The UK, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Koninklijke Philips N.V.; Stanley Black & Decker, Inc.; Breville Group Limited; Groupe SEB; SharkNinja Operating LLC (CDH Private Equity); Cuisinart Corporation (Conair Corporation); Meyer Manufacturing Company Limited; GoWISE USA (Ming’s Mark Inc); NuWave, LLC; De’ Longhi Appliances S.r.l |
| Customization & Pricing | Available upon Request |
The global commercial air fryer market is estimated to be valued at USD 746.1 Million in 2023.
The commercial air fryer market is likely to grow at a CAGR of 5.2% from 2023 to 2033.
The commercial air fryer market is projected to reach a valuation of USD 1,409.2 Million by 2033.
The USA is projected to lead the global commercial air fryer market by 2033.
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