Commercial Deep Fryer Market Report Overview
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global commercial deep fryer market size was USD 429.1 million in 2022 and market is projected to touch 665.63 Million by 2031, exhibiting a CAGR of 5% during the forecast period.
Commercial deep fryer is a machine used in the kitchen to heat a large quantity of cooking oil to deep fry foods. Deep fryers are used to cook fast food and make food crispy. The temperature of oil used for cooking food ranges from 170 °C to 200 °C. Deep fryers are generally used for commercial purposes. Increasing numbers of restaurants, hotels, and other food service establishments are expected to boost demand for the product. Increase in popularity of deep-fried snacks, French fries, onion rings, and chicken wings is expected that there will be an increase in demand for deep fryer during the forecast period. As the food service and hospitality industries continue to grow demand for commercial deep fryer market will increase. Additional, the growing demand for ease foods is leading to an increase in the demand for the product. A new generation of technologies such as smart fryers is driving the market growth. Frequent manufacturers have launched their own websites where they are retailing their products online as a result, they are able to increase their product reach and consumer base. Investing in commercial fryers require regular maintenance and repairs hence, producers must ensure that their product are easy to maintain and repair in order to prevent customers from switching to their opponents who offer more handy products.
COVID-19 Impact: Pandemic hampered market due to demand and supply chain disruption
COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The coronavirus pandemic situation has created an immense disruption in the supply for long period of time. Changes in consumer behaviour and focus on healthy eating to withstand high immunity to control the covid-19 infection hampered the product consumption.
Latest Trends
"Use of advance technology to boost the market growth "
Various technological advancements, such as the development of automatic variations with alarms, timers and self-cut-off systems are acting as other fast growing factors. These systems aid in enhancing the convenience for the user and prevent the food from burning or over frying by signalling the alarm. These factors have contributed to increased awareness and demand for automatic fryers. Leading players in the deep fryers market are firming their digital presence to satisfy demand of consumers.
Commercial Deep Fryer Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into gas commercial deep fryer and electric commercial deep fryer.
Gas commercial deep fryer capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented quick service restaurants (QSR), full service restaurant/main line dining, retail outlets, and others.
The market players cover segment such as quick service restaurant will dominate the market share during forecast period.
Driving Factors
"Increase in consumption of fried food to further support the market growth"
With the increasing popularity of fast food and the excited lifestyles of consumers the demand for fried food is on the rise. This is a key factor driving the commercial deep fryer market growth. Deep fryers can also be used to cook a variety of foods, including meat, vegetables, and even desserts. Another reason for the popularity of deep fryers is that they can be used to create a variety of different dishes. Rising preference for fried food is expected to increase the demand for deep fryers during the forecast period.
"Increasing internet awareness to lift the product demand"
Various manufacturers have started selling their products online on their websites. They have also tied-up with distributors across the world to guarantee maximum product insight. This helps them widen the product range as well as customer base. Increasing internet awareness in developed as well as developing countries is expected to positively impact the market due to food bloggers who commonly post videos regarding cooking at home that include the use of deep fryers and other uses is expected to generate the demand.
Restraining Factors
"Alternative healthier options for deep fryer to hamper the Market growth"
Deep fryer market faces high challenges from products such as air fryers. The consumer fondness in the developed regions is now progressing and shifting toward low calorie and low oil food products. Consuming deep-fried products often causes heart diseases such as heart attacks, strokes, obesity, colon cancers, diabetes, and others. Deep frying destroys essential nutrients including vitamins and minerals in the food. As a result, consumers are now shifting toward healthier options. Due to change in consumer opinions and needs top companies in the business are now introducing air fryers. Air fryers are a healthier option than other deep fryers.
Commercial Deep Fryer Market Regional Insights
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"Growing needs of the customers to dominate the Asia pacific region"
Asia Pacific is one of the leading regions in the commercial deep fryer market. Increase in number of restaurants and food outlet within the region there is going demand for fried food as well as street food which may lead to development of market growth and market share. The growing population and the rise in disposable incomes are expected to increase the demand for deep fryers in the region.
North America is further expected to witness considerable growth of the deep fryer machine due to growing demand for packaging food, baked food in the future.
Key Industry Players
"Key Players Focus on Partnerships to increase market growth opportunity"
Various manufacturers have started selling their products online on their websites. Various companies are focusing on growth strategies such as product launches, product approvals, patents and events, acquisitions, partnership & collaborations to gain product ranges. These activities have covered way for the expansion of business and customer base. With the development of technologies it’s expected that deep fryer market is will be more energy efficient and more reliable.
List of Market Players Profiled
- Manitowoc (U.S.)
- ITW (U.S.)
- Middleby (U.S.)
- Henny Penny (U.S.)
- Standex (U.S.)
- Electrolux Professional (Sweden)
Report Coverage
The report provides analysis and information according to market segments. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile. The study provides an in-depth analysis of the global deep fryer market with current and future trends. The report focuses on the growth prospects, restraints, and opportunities of the global deep fryer market. The deep fryer report provides an extensive analysis of the current and emerging deep fryer market trends.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 429.1 Million in 2022 |
Market Size Value By |
US$ 665.63 Million by 2031 |
Growth Rate |
CAGR of 5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Commercial Deep Fryer market expected to touch by 2031?
Commercial deep fryer market is expected to touch 665.63 Million by 2031.
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What CAGR is the Commercial Deep Fryer Market expected to exhibit during 2024-2031?
Commercial deep fryer market is expected to exhibit CAGR of 5% during 2024-2031.
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What are the driving factors of the Market?
With the increasing popularity of fast food and the excited lifestyles of consumers the demand for fried food is on the rise. This is a key factor driving the growth of the commercial deep fryer market.
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Which are the key players or most dominating companies functioning in the market?
The dominating companies in the market are Electrolux Professional, Standex, Henny Penny, Middleby, ITW, Manitowoc