According to a new report published by Allied Market Research, titled, “Deep Fryer Market by End Use and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global deep fryer market size was $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.
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.
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Rapid growth of the food service industry is expected to provide major impetus to the growth of the global deep fryer market. Hectic lifestyles have resulted in changing of consumers eating habits. As a result, HORECA industry have seen widespread expansion across both developing and developed regions. Some of the appetizers including but not limited to French fries, cheese fritters, onion rings, fried fish sticks, mozzarella sticks, scotch eggs, fried chicken tenders & cutlets, potato chips, fried zucchini disks, banana & pineapple fritters and doughnuts are deep fried.
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.
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The global deep fryer market is segmented into end use, distribution channel and region. Based on end use, 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.
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.
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Key Findings of the Study:
Asia-Pacific leads in terms of deep fryer market revenue share and is expected to retain its dominance during the forecast period.
Commercial segment generates highest revenue in the deep fryer market analysis.
Based on distribution channel, offline segment accounted for about 88% of the global deep fryer market share in 2018. However, the online segment is expected to witness robust growth with a CAGR of 4.4%, during the forecast period.
Based on region, Asia-Pacific is anticipated to grow with robust CAGR of 4.0% during the forecast period.
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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
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