According to Fortune Business Insights, air fryers are cooking devices that are widely used by households and commercial complexes, such as restaurants and hotels, to make a wide range of dishes. They use minimal oil to cook deep-fried dishes, thereby contributing to individuals’ overall health and well-being. Customers’ rising disposable incomes have helped them increase their investment in high-end and innovative cooking appliances. This is one of the many factors that will boost product sales and help the market grow.
Market Overview:
The global air fryer market size was valued at USD 8.07 billion in 2024. The market is projected to grow from USD 9.40 billion in 2025 to USD 17.71 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 9.47% over the forecast period. Asia Pacific dominated the air fryer market with a market share of 46.22% in 2024.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
Segmentation:
High Demand for Cutting-Edge Cooking Devices Helped Digital Segment Dominate Market
Based on type, the market is segmented into manual and digital. The digital segment dominated the market in 2024 as there is a high demand for cooking appliances that come with advanced features, such as multiple cooking options, digital connectivity, and voice control.
Affordability and Even Cooking to Boost the Usage of Basket Style Models
Based on model type, the global market is segmented into countertop models, toaster oven models, basket style models, and multi-cooker models. The basket style models segment will showcase the fastest growth rate as this model of air frying devices is more affordable than toaster and oven-style air fryers. Moreover, this model facilitates cooking various food items, further accelerating its adoption.