Deep Fryers Market Size
| 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 |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 Market Trends
Expansion of HORECA Drives the Market
The expansion of HORECA (Hotels, Restaurants, and Cafes) and the quick service industry led to the growth of the deep fryers market. Increasing disposable income and expansion at a healthy pace also support market growth. Due to the competitive and affordable pricing against increased appetite and high convenience, Quick Service Restaurants (QSRs) have been massively successful, and they are now gaining immense popularity in developing economies like India, Africa, and Latin American countries. QSR's some of the product offerings are fries, burgers, cheeseballs which has a high acceptance among consumers across the globe. Therefore, expanding the HORECA and QSR industry provides opportunities for the deep fryer market to make its footprint.
North America Dominates the Market
The increasing demand for fried food products led to the growing demand for deep fryers in North America. Due to their speed and convenience, consumers prefer deep fryers for cooking. Manufacturers in North America are developing innovative products to meet consumers' requirements and boost deep fryers' efficiency and safety features.
Manufacturers in North America are focusing on making deep fryers with automatic controls, digital displays, and pre-programmed frying modes. An increased demand for eco-friendly and energy-efficient products in North America will fuel the expansion of the deep fryer market.
Deep Fryers Industry Overview
The deep fryers market is fragmented. The initiative of significant fast-food companies to expand their activities is positively impacting the market's growth. Considerable companies focus on strategies like product launches, partnerships, and acquisitions to gain product range. Ali Group Srl, Breville Group, AB Electrolux, Fagor Industrial, and Groupe SEB are the major players.
Deep Fryers Market Leaders
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Ali Group Srl
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Breville Group
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AB Electrolux
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Fagor Industrial
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Groupe SEB
*Disclaimer: Major Players sorted in no particular order
Deep Fryers Market News
- June 2023: Groupe SEB, the world's largest cookware manufacturer, acquired Pacojet, a Swiss family-owned business. The acquisition aimed to develop and market innovative cooking gadgets highly favored by chefs.
- January 2023: Nala Robotics, an AI technology company revolutionizing the culinary industry, and Hatco Corporation, a world-class designer and manufacturer of commercial equipment, launched a compact, fully autonomous robotic pizza-making system for convenience stores, quick service restaurants, and other commercial settings.
Deep Fryers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Low Cook Time Drives Market Demand
4.2.2 Faster Cooking Time Compared to Traditional Methods Drives Market Demand
4.3 Market Restraints
4.3.1 Operational Malfunctions Impedes Market Growth
4.3.2 Health Issues Driven By Deep Fried Foods Acts As Impediments to Market Growth
4.4 Market Opportunities
4.4.1 Technological Advancement in Deep Fryers
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porters' Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Technological Advancements in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Electric Deep Fryers
5.1.2 Gas Deep Fryers
5.2 By Capacity
5.2.1 2L
5.2.2 2L-5L
5.2.3 5L-8L
5.2.4 8L-14L
5.2.5 Over 14L
5.2.5.1
5.2.6 By End User
5.2.6.1 Households
5.2.6.2 Quick Service
5.2.6.3 Full-Service Restaurants
5.3 By Distribution Channel
5.3.1 Offline
5.3.2 Online
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Asia-Pacific Region
5.4.2.1 India
5.4.2.2 China
5.4.2.3 Japan
5.4.2.4 Australia
5.4.2.5 Rest of Asia Pacific Region
5.4.3 South America
5.4.3.1 Brazil
5.4.3.2 Argentina
5.4.3.3 Rest of South America
5.4.4 Europe
5.4.4.1 United Kingdom
5.4.4.2 Germany
5.4.4.3 Italy
5.4.4.4 Rest of Europe
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 United Arab Emirates
5.4.5.3 Rest of Middle East and Africa
5.4.6
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Ali Group Srl
6.2.2 Breville Group
6.2.3 AB Electrolux
6.2.4 Fagor Industrial
6.2.5 Groupe SEB
6.2.6 Hamilton Beach Brands Holding Company
6.2.7 Henny Penny, National Presto Industries Inc. and Welbilt Inc.
6.2.8 National Presto Industries Inc.
6.2.9 Welbilt Inc.
6.2.10 TTK Prestige Ltd*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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 | |||||
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| By Distribution Channel | |
| Offline | |
| Online |
| By Geography | |||||||
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Deep Fryers Market Research 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.
Who are the key players in Deep Fryers Market?
Ali Group Srl, Breville Group, AB Electrolux, Fagor Industrial and Groupe SEB are the major companies operating in the Deep Fryers Market.
Which is the fastest growing region in Deep Fryers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Deep Fryers Market?
In 2024, the North America accounts for the largest market share in Deep Fryers Market.
What years does this Deep Fryers Market cover, and what was the market size in 2023?
In 2023, the Deep Fryers Market size was estimated at USD 1.17 billion. The report covers the Deep Fryers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Deep Fryers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Deep Fryers Industry Report
Statistics for the 2024 Deep Fryers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Deep Fryers analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Deep Fryers Market Report Snapshots
