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The Global Deep Fryer Market is estimated to grow at a CAGR of 3% during the forecast period 2019-2026. The market research study presents that the deep fryer industry accounted $487.6 million in the year 2018 and is estimated to reach $612.5 million by the end of the year 2026.
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Frying is a type of food cooking process, and deep frying cooks food in fast and crispy manner. Technological advancements in deep fryers includes process automation, reusing oil, improving oil quality and using less oil for health-conscious customers.
The deep fryer industry is driven by various growth factors such as fast-paced growth of the food service industry, and hectic lifestyles that led to change in eating habits of consumers. The HoReCa industry (Hotel/Restaurant/Café industry) have witnessed a widespread growth across regions; appetizers like doughnuts, banana & pineapple fritters, fried zucchini disks, potato chips, fried chicken tenders & cutlets, scotch eggs, mozzarella sticks, fried fish sticks, onion rings, cheese fritters and French fries are some (not limited to) majorly demanded category of fast food that require deep fryers specifically in commercial applications.
Segmentation Overview of the Global Deep Fryer Market
The global deep fryer market is segmented on the basis of various market segments that include end use and distribution channel as the major market segments. These segments are further categorized into various sub-segments to study the market in detail considering various factors and geographical conditions.
The End Use Segment of the Global Deep Fryer Market is Sub-Segmented into:
The Distribution Channel Segment of the Global Deep Fryer Market is Sub-Segmented into:
As per the study of market segments, commercial end use segment and online distribution channel are the fast-emerging segments. The commercial segment is gaining a high market share owing to large-scale usage of deep fryers in restaurants, hotels, café and other work-intensive and bulk food demanding sectors. Whereas, the online distribution channel is gaining high traction, due to wide range availability of deep fryers with types of discount offers.
Geographical Overview of the Global Deep Fryer Market
The global deep fryer market is segmented on the basis of various geographical regions, such as:
As per the regional study, the Asia-Pacific deep fryer market is dominated the global marketplace with majority of market share. Also, the region is predicted to grow at fastest growth rate with a CAGR of 4% during the forecast period. The regional growth is attributed to improving standards of living of regional population, expanding middle-class population and rising per capita income in emerging economies such as India, China, Bangladesh and others.
Market Competition Insights
Welbilt, Inc., TTK Prestige Ltd., Taurus Group, Newell Brands, Henny Penny, Groupe SEB, Fagor Industrial, Breville Group, Ali Group Srl and AB Electrolux are some major market players included in the research study of the global deep fryer market. The market players are adopting various competitive strategies to acquire majority of the market share in the global deep fryer market.
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