Deep Fat Fryer Market - Forecasts from 2019 to 2024

The global deep fat fryer market is projected to grow at a CAGR of 4.80% to reach US$1,537.394 million by 2024, from US$1,160.443 million in 2018. The demand for deep fat fryers is increasing on account of improvement in the standards of living and the rising consumption of fast foods all around the world. However, the rise in demand for healthier alternatives in the form of air fryers and the shifting trend towards a healthier lifestyle will restrain the growing demand for deep fat fryer worldwide. The North American region will have a significant market share on account of high consumption of fast food, and the presence of some of the key players will provide for the easier availability of the products in the region. The Asia Pacific region is projected to grow at an impressive rate owing to rapid urbanization, improvement in the standard of living and the trend towards the consumption of fast food.

Drivers

Increasing consumption of fast food
Rising standard of living and growing disposable income

Restraints

Availability of substitute
Rising consumer awareness

Industry Update

In June 2019, Universal Foodservice Equipment announced the release of its Baron’s new range of deep fryer that is available in both electric and gas version.

The major players profiled in the Global deep fat fryer market are Henny Penny, Welbilt, Broaster Company, Cuisinart, Hamilton Beach Brands, Inc., Tefal, Waring Commercial, Standex International Corporation, Welbilt, and Breville among others.

Segmentation

The Global deep fat fryer market has been analyzed through the following segments:

By Vat Type
Pressure Vat
Open Vat

By Operation
Gas Operation
Electric Operation

By End-User
Residential
Commercial

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Other

Asia Pacific
China
Japan
South Korea
India
Others