Commercial Air Fryer market size is USD 0.895 billion in 2023 and will grow at a CAGR of 5.60% from 2023-2030: Cognitive Market Research
Introduction of the?Commercial Air Fryer Market
A commercial air fryer is an appliance that substitutes hot air for oil when frying food. Its commercial kitchen design makes it ideal for handling large quantities of food. The worldwide commercial air fryer market is driven primarily by the demand for kitchen equipment, which is on the rise. People are becoming more health conscious and quick food and snacks made healthily are becoming more popular. The increasing number of people concerned about their health and cholesterol levels has led to a shift toward healthier eating habits, increasing the demand for commercial air fryers. Commercial air fryers are also in high demand among hotel and restaurant chains due to the ever-growing global tourism industry. These appliances are better for the environment than ovens because they cook food faster while using less electricity and producing fewer carbon emissions, which is expected to drive commercial air fryer market expansion during the forecast period.
For instance, in October 2022, Xiaomi, a tech giant, declared that its Smart Air Fryer would be available in India. With fifty or more new smart recipes, a broad temperature range, and voice commands with Google Assistant, this multi-function smart kitchen equipment will surely impress.
Key Insights from Commercial Air Fryer Market Report
The Global Commercial Air Fryer market size is USD 0.895 billion in 2023 and will grow at a CAGR of 5.60% from 2023 to 2030.
Increased Understanding of Health Issues Among Consumers is Drive Market Output
The growing consumer consciousness of health and wellness has fueled the demand for commercial air fryers, and this has caused a change in consumer tastes towards better cooking methods. To cut costs, people are searching for more energy-efficient cooking appliances, and air fryers provide a means to make both crispy and tasty food while using so much less oil than traditional frying methods. Most people realize that air fryers use much less energy than traditional fryers, and this awareness is helping to drive that demand.
For instance, in November 2023, Royal Philips announced new enterprise imaging products and augmented reality (AR) powered solutions. The next-generation cloud-based PACS from Philips HealthSuite Imaging helps radiologists and clinicians adapt new features faster, improve operational efficiency, and improve patient care.?
The development of ever-better temperature controls, programmable settings, and safety features for air fryers is one reason why the market for these appliances is expanding. Commercial air fryers that are both efficient and widely used have been in high demand due to the expansion of the food service industry. They also appeal to industrial kitchens with a lot of activity because of their ease of use and fast cooking times.
For instance, in March 2023, Welbilt, Inc. and its brands—Cleveland, Convotherm, Delfield, Frymaster, and Garland—have been awarded with the ENERGY STAR Partner of the Year Sustained Excellence Award for 2023 by the United States Environmental Protection Agency.
Market Dynamics of the?Commercial Air Fryer
High costs in the commercial air fryer market are possible owing to traditional deep fryers; commercial air fryers cost more upon purchase. The initial investment can prove a barrier for commercial kitchens that want to use air frying technology, especially for smaller companies trying to stick to tight budgets and follow strict health and safety rules in the food service industry. Legal requirements say that commercial air fryers must meet certain standards. Businesses need help to make sure that their equipment meets these standards. This factor hampered the market growth during the forecast period.
Impact of COVID–19 on the?Commercial Air Fryer Market
The COVID-19 pandemic affected the commercial air fryer market significantly. The market for commercial air fryers was greatly diminished due to the extensive shutdown of food service operations caused by lockdowns and social distancing measures. The demand for commercial kitchen appliances decreased as fewer individuals consumed outdoors. During lockdowns, there was a spike in demand for air fryers as more people opted to cook at home. Although this trend only partially affected the commercial sector, it showed that air frying technology was growing more popular.
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Competitive Landscape of the Commercial Air Fryer Market
Major companies must be flexible and adopt new strategies fast to stay ahead of the competition and capture a significant portion of the market. The top commercial air fryer market players are concentrating on diversifying their product offerings to connect with more people and stay ahead of the competition. Partnerships with other companies, eateries, or powerful individuals are key to the company's successful strategy for increasing the brand's exposure.
Commercial Air Fryer?Industry News
Top Companies Market Share in Commercial Air Fryer Industry:
Commercial Air Fryer Market Analysis
Type Segment Analysis:
According to Cognitive Market Research, manuals held the major market share over the forecast period because instruction manuals are great resources for learning how to use industrial air fryers correctly. Their detailed instructions make it easy for kitchen workers to understand the equipment's features, controls, and configuration options to fuel the market growth.
Digital is the fastest-growing category over the forecast period because digital displays show the cooking temperature and the amount of time left to cook. With this vision, the cooks can keep a careful eye on everything and make any necessary adjustments to the cooking process.
Wattage Segment Analysis:
Price Range Segment Analysis:
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Sales Channel Segment Analysis:
Asia Pacific Commercial Air Fryer Market dominated?in 2023 and accounted for 23% of the global revenue
According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 23% of the global revenue, owing to the growing interest in the health advantages of air-fried food, leading to a meteoric rise in the commercial use of air fryers. Also, the region's market is being boosted by the increasing demand for smart kitchen equipment in the hospitality industry, which is helping to improve efficiency and provide a more modular aesthetic. Furthermore, the abundance of prominent and long-standing market participants is a key element fueling the growth of the commercial air fryer industry in the region.
The Middle East and Africa are the fastest-growing categories in the region due to an increase in investments, a greater awareness of the need to eat healthily, the introduction of novel products with enhanced functionality and aesthetics, and the increasing number of establishments such as cafes, fast food joints, hotels, and stores that use air fryers are all factors fueling the market growth in the region. The trend toward conventional deep fryers and multi-purpose air fryers drives the industry. The need for commercial air fryers is bolstered by the growing need for user-friendly and fast-operating equipment and rising purchasing power to sustain the Middle East and Africa markets' growth in the next few years.
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