Market Size of Deep Fryers Industry
Study Period | 2020-2029 |
Market Size (2024) | USD 1.20 Billion |
Market Size (2029) | USD 1.34 Billion |
CAGR (2024 - 2029) | 2.23 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Deep Fryers Market Analysis
The Deep Fryers Market size is estimated at USD 1.20 billion in 2024, and is expected to reach USD 1.34 billion by 2029, growing at a CAGR of 2.23% during the forecast period (2024-2029).
The growth of the food and beverages industry is a positive factor that is increasing the growth of the deep fryer market. Since deep fryers increase product demand, deep fryers are increasingly used in cafes, hotels, and other eateries to prepare various food products. Factors like increasing population, changing consumer preferences, and the emergence of technological advancements like automatic variants with alarms, timers, and self-cut-off systems enhance user convenience, contributing to market growth.
There is an increased demand for fast-food restaurants across the globe because of the increasing demand for fast food. Fast-food restaurants are popular due to their simple look and feel. The fast-food industry provides various options for this demographic, positively influencing the product industry.
The manufacturers have started selling the products through online platforms. To ensure maximum product penetration, manufacturers have tied up with many distributors across the globe, which helps in product expansion and customer base. The increased Internet and social media penetration contributed to the market growth through the influence of food bloggers and professional chefs from their regular video uploads, triggering the demand for deep fryers.
Deep Fryers Industry Segmentation
A deep fryer is an electronic appliance used in the kitchen to cook various food products. Gas and electric deep fryers are available for domestic and commercial purposes. Deep fryers are available in nest baskets, ventilation systems, and electronic temperature controls.
A deep fryer's market is segmented into product type (electric deep fryers and gas deep fryers), capacity (2L, 2L-5L, 5L-8L, 8L-14L, and over 14L), end user (households, quick-service, and full-service restaurants), distribution channel (offline and online), and geography (North America (United States, Canada, Mexico, and Rest of North America), Asia-Pacific (India, China, Japan, Australia, and Rest of Asia-Pacific), South America (Brazil, Argentine, and Rest of South America), Europe (United Kingdom, Germany, Italy, and Rest of Europe), and Middle East and Africa (South Africa, United Arab Emirates, and Rest of Middle East and Africa)). The report offers market size and forecasts for the deep fryers market in value (USD) for all the above segments.
By Product Type | |
Electric Deep Fryers | |
Gas Deep Fryers |
By Capacity | |||||
2L | |||||
2L-5L | |||||
5L-8L | |||||
8L-14L | |||||
| |||||
|
By Distribution Channel | |
Offline | |
Online |
By Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Deep Fryers Market Size Summary
The deep fryers market is experiencing steady growth, driven by the expanding food and beverages industry. The increasing demand for fast food and the popularity of quick service restaurants (QSRs) are significant contributors to this market expansion. Deep fryers are essential in cafes, hotels, and eateries for preparing a variety of food products, and their convenience is enhanced by technological advancements such as automatic controls and self-cut-off systems. The market is further bolstered by the rise of online sales platforms and the influence of social media, where food bloggers and chefs showcase the versatility of deep fryers. The expansion of the HORECA sector and the growing disposable income in developing regions also support the market's growth trajectory.
In North America, the demand for deep fryers is fueled by consumers' preference for fried foods due to their speed and convenience. Manufacturers are innovating to meet consumer needs, focusing on efficiency and safety features, as well as eco-friendly and energy-efficient products. The market is fragmented, with major players like Ali Group Srl, Breville Group, and Groupe SEB actively engaging in product launches, partnerships, and acquisitions to expand their offerings. Recent strategic moves, such as Groupe SEB's acquisition of Pacojet and the collaboration between Nala Robotics and Hatco Corporation, highlight the industry's focus on innovation and convenience in commercial settings.
Deep Fryers Market Size - Table of Contents
-
1. MARKET DYNAMICS AND INSIGHTS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Low Cook Time Drives Market Demand
-
1.2.2 Faster Cooking Time Compared to Traditional Methods Drives Market Demand
-
-
1.3 Market Restraints
-
1.3.1 Operational Malfunctions Impedes Market Growth
-
1.3.2 Health Issues Driven By Deep Fried Foods Acts As Impediments to Market Growth
-
-
1.4 Market Opportunities
-
1.4.1 Technological Advancement in Deep Fryers
-
-
1.5 Industry Value Chain Analysis
-
1.6 Industry Attractiveness - Porters' Five Forces Analysis
-
1.6.1 Threat of New Entrants
-
1.6.2 Bargaining Power of Buyers
-
1.6.3 Bargaining Power of Suppliers
-
1.6.4 Threat of Substitutes
-
1.6.5 Intensity of Competitive Rivalry
-
-
1.7 Insights into Technological Advancements in the Industry
-
1.8 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Electric Deep Fryers
-
2.1.2 Gas Deep Fryers
-
-
2.2 By Capacity
-
2.2.1 2L
-
2.2.2 2L-5L
-
2.2.3 5L-8L
-
2.2.4 8L-14L
-
2.2.5 Over 14L
-
2.2.5.1
-
-
2.2.6 By End User
-
2.2.6.1 Households
-
2.2.6.2 Quick Service
-
2.2.6.3 Full-Service Restaurants
-
-
-
2.3 By Distribution Channel
-
2.3.1 Offline
-
2.3.2 Online
-
-
2.4 By Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
2.4.1.3 Mexico
-
2.4.1.4 Rest of North America
-
-
2.4.2 Asia-Pacific Region
-
2.4.2.1 India
-
2.4.2.2 China
-
2.4.2.3 Japan
-
2.4.2.4 Australia
-
2.4.2.5 Rest of Asia Pacific Region
-
-
2.4.3 South America
-
2.4.3.1 Brazil
-
2.4.3.2 Argentina
-
2.4.3.3 Rest of South America
-
-
2.4.4 Europe
-
2.4.4.1 United Kingdom
-
2.4.4.2 Germany
-
2.4.4.3 Italy
-
2.4.4.4 Rest of Europe
-
-
2.4.5 Middle East and Africa
-
2.4.5.1 South Africa
-
2.4.5.2 United Arab Emirates
-
2.4.5.3 Rest of Middle East and Africa
-
-
2.4.6
-
-
Deep Fryers Market Size FAQs
How big is the Deep Fryers Market?
The Deep Fryers Market size is expected to reach USD 1.20 billion in 2024 and grow at a CAGR of 2.23% to reach USD 1.34 billion by 2029.
What is the current Deep Fryers Market size?
In 2024, the Deep Fryers Market size is expected to reach USD 1.20 billion.