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 a 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 product offerings of QSRs 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 key factors driving the growth of deep fryer market include rise of the HORECA industry, upsurge in affordability, technological innovations, andThe surge in demand from the residential segment. However, factors such as increasing consumer consciousness about ill effects of deep-fried food and introduction of air fryers is expected to impede the deep fryer market growth. Automatic deep fryer with temperature sensors have gained huge traction in the recent years, which is anticipated to create lucrative growth opportunities for the market.
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
Some of the key players operating in 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.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global deep fryer market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market 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.
KEY MARKET SEGMENTS
By End Use
- Residential
- Commercial
By Distribution 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 Players Profiled
- AB Electrolux
- Ali Group Srl
- Breville Group
- Fagor Industrial
- Groupe SEB
- Henny Penny
- Newell Brands
- Taurus Group
- TTK Prestige Ltd
- Welbilt, Inc.
Table of Contents
Executive Summary
According to the report 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.Frying is one of the most popular process of cooking food. Deep frying cooks food faster, more even, and imparts tenderness. As a result. a large economical potential lies in development of improved and innovative deep fryers. New frying technology is evolving that includes improving oil quality, reusing oil, and process automation.
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. Wide acceptance of such appetizers has created high demand for deep fryers, especially in commercial applications. In addition, increase in experimentation & innovations in varieties of cuisines coupled with growth in the gastronomy industry augments the deep fryer market expansion in the upcoming years
Formation of dangerous and toxic compounds such as acrylamide can be linked to frying food in very hot oil. Acrylamide is often formed in certain food such as meat, owing to very high-heat cooking methods; for instance, deep frying. International Agency for Research on Cancer states intake of acrylamide might cause endometrial, ovarian, breast, esophageal, and pancreatic cancer. Growing consumer consciousness about ill effects of deep frying is expected to impede the global deep fryer market expansion.
Online distribution is one of the fast-emerging distribution channels in the deep fryer market. Consumers prefer online platforms due to ease of accessibility and convenience. This platform offers a number of discounts on online purchase to attract more customers. Emergence of advanced technology fosters the growth of online business worldwide. Online sales of deep fryers is projected to contribute to the revenue of the manufacturers operating in the market. As a result, players in the residential deep fryer market are increasingly collaborating with e-commerce sites to improve their market presence.
According to Himanshu Vig, Lead Analyst, Consumer Goods, “Expansion of HORECA industry is anticipated to create high demand for deep fryers; however, taking long term view availability of substitute products such as air fryers, is estimated to dissuade the market growth in the upcoming years.
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
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.
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
Companies Mentioned
- AB Electrolux
- Ali Group Srl
- Breville Group
- Fagor Industrial
- Groupe SEB
- Henny Penny
- Newell Brands
- Taurus Group
- TTK Prestige Ltd.
- Welbilt Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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