Deep Fryers Market– Statistics And Analysis & Forecast To 2025

Posted by Mrudula Anil Karmarkar on March 22nd, 2021

The global deep fryer market size is expected to reach USD 625.1 million by 2025, expanding at a CAGR 2.8% over a forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by growing fast food industry and popularity of E-commerce retail. Moreover, high demand for the product from North America owing to rising preference for convenience food and on-the-go fast food is propelling the market.

Covid 19's rapid development worldwide has led to serious implications for most suppliers of electronics and electrical products, in the form of supply chain disruptions. While the pandemic crisis has decreased the frequency of purchase of consumer appliances, the lead time for delivery of orders has also increased significantly. Limited availability of components, restricted labor supply, and other supply chain related costs are some of the major challenges that most industry players are focusing on at present. The end of the lockdown is expected to bring this industry significantly higher consumer traffic, most notably through the online channels, and the manufacturers will need to design their production plans and distribution networks in tandem with this changing business environment. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.

Consumers supplement their regular meals with fried food products, such as fried chicken and French fires among various other products. Thus, changing consumer lifestyle, especially in terms of eating habits, and rising need for ready to eat food are expected to drive the demand in the region, which, in turn, is likely to boost global market over the forecast period. In addition, consumers are also becoming increasingly aware regarding health and wellness and, thus, are preferring food fried at home as opposed to fried food sold at fast food chains. This is expected to positively impact the demand for small deep fryers, such as the ones with a two-liter frying capacity, over the forecast period.

On the basis of product, commercial deep fryer held the largest market share in 2017. Changing dynamics of fast food market are expected to positively impact the demand for these products during the forecast period. Over the past few years, there has been a diversity in fast food restaurants. Players such as Wendy's, Chick-fil-A, Burger King, Kentucky Fried Chicken (KFC), and McDonald's among others are operating in the fast food market. These companies are continuously expanding their market reach and inaugurating new stores across the globe. Such fast food chains are the major consumers of deep fryers.

Further key findings from the report suggest:

  • North America dominated the global deep fryer market in 2017. However, Asia-Pacific is anticipated to witness the fastest CAGR of 3.5% during the forecast period from 2018 to 2025
  • China is the fastest growing country in the Asia Pacific market on account of growing popularity of ready to eat food, rising disposable income, and enhancing standard of living
  • E-commerce distribution channel segment is potentially fueling the market growth owing to the increasing number of internet users globally
  • Companies undertake various strategic initiatives to boost their market share. For instance, in January 2017, National Presto Industries, Inc. announced the sale of the assets of its absorbent product segment, Presto Absorbent Products, Inc. (PAPI), to Drylock Technologies, Ltd. a private Belgian company that manufactures and sells private adult incontinence, feminine hygiene, and label diaper products in Europe.

2 liter to 5 liter was the dominant segment on the basis of type of deep fryers. Growing fast food industry across the globe is projected to boost the demand over the forecast period. There are certain concerns among consumers regarding the ill-effects of fried food consumption. To mitigate such concerns, food chains market their products as safe and free from artificial colors. This trend is expected to influence customers to consume fried food, which is anticipated to bode well for the overall market growth.

Deep fryers are used for cooking fast food and making food crispier. The appliance consists of various components including a basket that is used to lower and raise the food into the oil for cooking. With various technological advancements being made, an automatic device to raise the food is now featured in various fryers. In addition, a timer, an audible alarm, and various other components have been added to the appliance. These factors have contributed to increased awareness and demand for automatic fryers.

Currently, there is intense competition among market players as they have similar product portfolios and cater to similar consumers. The growing expansion activities being undertaken by fast food companies are expected to positively impact the product demand over the forecast period. In addition, increasing market penetration of electric fryers is anticipated to further drive growth in the near future.

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Rising preference for fast food across new territories is expected to drive the demand over the forecast period. In many countries, the demand for fast-casual restaurants is increasing. These restaurants have a simple look and feel and, therefore, are popular among the consumers. Furthermore, there has been a significant increase in the meat-eating population across the globe. Fast-food chains provide a variety of options for this demographic. This in turn is expected to influence the product industry positively over the next eight years.

The market is characterized by the presence of various well-established players, such as National Presto Industries, De'Longhi S.p.A., and Hamilton Beach Brands Holding Company, in addition to various small and medium players such as Breville, Eware Appliances, and Maxi-Matic among various others. The market witnesses an intense competition as the top appliance manufacturers have a large consumer base. The players are well-established and have strong and vast distribution networks and cater to the demand from the food chain industry.

Grand View Research has segmented the global deep fryer market on the basis of type, product, distribution channel:

Deep Fryer Type Outlook (Revenue, USD Million, 2014 - 2025)

  • 2L
  • 2L-5L
  • 5L-8L
  • 8L-14L
  • Over 14L

Deep Fryer Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Commercial
  • Household
  • Others

Deep Fryer Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025)

  • Direct Sales
  • Distributers
  • E-commerce
  • Others

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

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Mrudula Anil Karmarkar

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Mrudula Anil Karmarkar
Joined: July 2nd, 2020
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