According to Persistence Market Research's projections, the global air fryer market is forecast to expand at a CAGR of 7.6% and thereby increase from a value of US$932 Bn in 2024 to US$1.5 Bn by the end of 2031.
Technological advancements have significantly influenced the air fryer market, revolutionizing this popular kitchen appliance. Modern air fryers benefit from enhanced heating elements and advanced air circulation systems, such as Cyclonic and Rapid Air Technologies, which ensure faster, more even cooking. The integration of smart technology, including Wi-Fi and Bluetooth connectivity, allows users to control their air fryers remotely through smartphone apps and virtual assistants, enhancing convenience.
User interfaces have also improved with digital screens and intuitive controls, making air fryers more user-friendly. Energy efficiency has been a focus, with newer models consuming less power while maintaining high performance. Design innovations, such as non-stick coatings and compact sizes, contribute to ease of use and cleaning.
These technological advancements have broadened the air fryer’s appeal, driving market growth and fostering competition among brands. As consumer preferences shift towards healthier cooking and more efficient appliances, the air fryer market is set to continue expanding, driven by ongoing innovations and increased consumer awareness.