Deep Fryer Market Size, Current and Future Trends, and Forecast

The deep fryer market size was valued at $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. The commercial segment led in terms of market share in 2018 and is expected to retain its dominance throughout the forecast period.

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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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.

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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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

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.

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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