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2020
Deep Fryer Market

Deep Fryer Market

by End User (Residential and Commercial) and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A06024
Pages: 235
Feb 2020 | 7942 Views
Author(s) : Himanshu V
Tables: 95
Charts: 55
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The deep fryer market size was valued at $487.6 million in 2018, and is expected to reach $612.5 million by 2026, registering a CAGR of 3.0% from 2019 to 2026. The commercial segment led in terms of market share in 2018 and is expected to retain its dominance throughout the forecast period.

Deep fryers are kitchen appliances used for frying food. The temperature of oil used for cooking food ranges from 170 °C to 200 °C. Deep fryers are generally used for commercial purposes, however, deep fryers for residential purposes have been launched by the leading players and have gained prevalence over the last few years. 

Deep fryers along with accessories are used extensively in Hotel, restaurant and cafe (HORECA) industry. Now-a-days advanced deep fryer with alarms and timers have seen high demand from the commercial space. Furthermore, automatic deep fryers that can automatically raise and lower the basket in and out of the oil once the food has been fried have gained significant attention from the engaged stakeholders. In addition, advanced deep fryers with ventilation systems used to exhaust frying odors from the kitchen equipped with oil filtration system to improve the re-usability of the same amount of oil has been trending in the deep fryer market.

Deep Fryer Market

The deep fryer market has witnessed significant technological advancements in the las few years. Electronic temperature control devices for deep fryers are the latest innovations in the market. Temperature controlled deep fryers save significant energy utilization and prevent fires by continuously sensing, monitoring, and adjusting the temperature of the deep fryers. Such technological advancements will continue to augment the deep fryers market growth in the upcoming years.

The global deep fryer market is driven by expansion of HORECA and quick service industry. The global restaurants and food services industry will continue to expand at healthy pace, supplemented by increase in disposable incomes and will remain largely unaffected by the current downturn in the global economy. Quick Service Restaurants (QSRs) are now gaining high traction in the developing economies particularly in India, Africa, and Latin American countries. The high success of QSRs can be attributed to competitive and affordable pricing against increased appetite and high convenience. International QSR with localized cuisines and product offerings have seen monumental growth in the last few years. Fries, burgers, cheeseballs are some of the QSR’s product offerings that are well accepted by the consumers. As a result, expansion of the HORECA and QSR industry provides remunerative opportunities for the engaged stakeholders in the deep fryer market.

The deep fryer market also faces high challenges from products such as air fryers. The consumer preference in the developed regions is now evolving and shifting toward low calorie and low oil food products. Consuming deep-fried products often causes heart diseases such as heart attacks, strokes, obesity, colon cancers, diabetes, and others. Furthermore, deep fryers require substantial level of cleanliness and maintenance around the surrounding areas. In addition, deep frying destroys essential nutrients including vitamins and minerals in the food. As a result, consumers are now shifting toward healthier options. Owing to change in consumer perceptions and desires, leading players in the industry are now introducing low oil fryers commonly known as air fryers. Air fryers use heated air enriched with very fine droplets of oil used for removing the moisture out of the food. As a result, air-fried food is similar to deep fried food, though with significantly lower levels of fat. Availability of alternative healthier options for deep fryers is expected to restrict the deep fryer market growth.

Segment Review

The global deep fryer market is segmented into end user, distribution channel, and region. Based on end user, the global market is studied across residential and commercial. Depending on distribution channel, the market is segmented into offline and online. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA 

Based on end user, the global market is studied across residential and commercial. The commercial segment leads in terms of the deep fryer market share owing to high adoption rate of deep fryers in HORECA and QSR industry. However, it is gaining traction with the launch of deep fryers specially for residential segment.

Deep Fryer Market
By End User

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Residential segment would exhibit the highest CAGR of 3.7% during 2019-2026.

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Based on distribution channel, the global deep fryer market is segmented into offline and online channels. The offline channel leads in market share; however, consumers from the residential segment are now extensively using online channel for buying deep fryers. In addition, leading players in the deep fryers market are strengthening their digital presence to cater to the growth in demand from consumers.

Deep Fryer Market
By Distribution Channel

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Online Channels segment would exhibit the highest CAGR of 4.4% during 2019-2026.

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The report focuses on the growth prospects, restraints, and opportunities of the global deep fryer market. The study provides Porters five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of substitutes, threat of new entrants, and bargaining power of buyers of the deep fryer market.

Some of the key players operating in the deep fryer market includes AB Electrolux, Ali Group Srl, Breville Group, Fagor Industrial, Groupe SEB, Henny Penny, Newell Brands, Taurus Group, TTK Prestige Ltd., Welbilt, Inc. among others

Deep Fryer Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 4.0% during 2019-2026.

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Key Benefits for Stakeholders:

  • The deep fryer report provides an extensive analysis of the current and emerging deep fryer market trends.
  • The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing deep fryer market opportunity.
  • Deep fryer market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • The deep fryer market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Deep Fryer Market Report Highlights

Aspects Details
By End User
  • Residential
  • Commercial
BY SALES CHANNEL
  • Offline
  • Online
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, ASEAN, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Welbilt Inc., AB Electrolux, Ali Group Srl, Groupe SEB, Breville Group, Henny Penny, Fagor Industrial, Newell Brands (Oster), TTK Prestige Ltd, Taurus Group (Inalsa)
 

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The deep fryer has been upgraded significantly making the process of deep frying more user friendly, versatile, and efficient. Portable, low-cost, and affordable deep fryers are now available to cater to the demand from the residential segment. The deep fryer market is expected to grow at a sluggish rate in the upcoming years. Expansion of HORECA industry is projected to create high demand for deep fryers; however, introduction of oil-free frying products such as air fryer, will surely dissuade the market growth. Furthermore, increasing consumer consciousness about their eating habits and transition toward low calorie, low oil products will further impede market expansion. Owing to changing eating habits of consumers, players in the industry are offering air fryers, which use considerable less amount of oil when compared to deep fryers without compromising textures and flavors.

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FREQUENTLY ASKED QUESTIONS?

A. The global deep fryer market was valued at $487.6 million in 2018.

A. The global deep fryer market is estimated to reach $612.5 million by the end of 2026.

A. Expansion of hospitality industry along with continuous innovation in product performance and functionality are the prominent factors that drives the market growth.

A. The deep fryer market is studied across end use and distribution channel.

A. Electronic temperature control devices for deep fryers are the latest trends in the deep fryer market.

A. Key players operating in the market includes AB Electrolux, Ali Group Srl, Breville Group, Fagor Industrial, Groupe SEB, Henny Penny, Newell Brands, Taurus Group, TTK Prestige Ltd., Welbilt, Inc.

A. India deep fryer market is poised to grow with lucrative CAGR of 5.6% during the forecast period.

A. Commercial segments holds the maximum market share of the Deep Fryer Market.

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