Trusted Business Insights presents the Latest Study on Deep Fryers Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Deep Fryers Market
The global deep fryers market size was estimated at USD 502.2 million in 2017 and is projected to register a CAGR of 2.8% during the forecast period. Rising disposable income and living standards coupled with growing domestic and international tourism has resulted in an increased demand for on-the-go fast food, positively impacting product demand. E-commerce retail channel is expected to play a very important role as a significant portion of market revenue is expected to be generated through this channel.
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 an increased awareness and demand for automatic fryers.
Currently, there is an 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 further drive the growth in near future.
Various manufacturers have started selling their products online on their websites. They have also tied-up with distributors across the globe to ensure maximum product penetration. This helps them expand the product reach as well as their consumer base. In addition, increasing internet penetration in developed, as well as developing countries, is expected to positively impact the market. Furthermore, the influence of food bloggers and professional chefs, who regularly post videos regarding cooking at home that include the use of deep fryers and other appliances is expected to trigger the demand.
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.
However, air fryers are witnessing an increasing demand as they are a healthier option than deep fryers. Both these products seem similar but vary in terms the quantity of oil used, oil penetration, types of food fried, and maintenance among others. This is expected to be a key challenge for the market over the forecast period.
Market Segmentation, Outlook & Viewpoint: Global Deep Fryers Market
Type Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Product Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Deep Fryers Market
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On the basis of product, the market has been segmented into commercial and household. The others segment includes cosmetics, fragrances, and hygiene products. The commercial variant is used in various establishments including restaurants, hotel kitchens, and food trucks among a few others. These fryers can be of various types, namely electric, gas, and pressure fryers. Changing dynamics of fast food market is expected to positively impact the demand for this segment. Over the past few years, there has been a diversity in fast food restaurants. The demand for fried food is increasing as restaurants are experimenting and offering their customers with non-conventional food options. Players such as Kentucky Fried Chicken (KFC), McDonald’s, Wendy’s, Chick-fil-A, and Burger King are operating in the fast food market.
Distribution Channel Insights
Direct sale is done through retail stores or via the company websites. A retail store is generally owned by the product manufacturer itself or operated by a dealer. These stores buy the products directly from the manufacturer or through a wholesaler who supplies the products at a volume discount, and then mark up the prices before selling it to customers. The retail stores is the most common distribution channel and majority of manufacturers have retail store(s) or sell the products on their website.
Distributors segment of the deep fryer market includes the companies or individuals who buy the product from manufacturers and sell it to other retail stores or other entities in the retail value chain. Various companies tie up with distributors and sell their products, who ensure that products have a widespread reach. These distributors can be located locally as well as internationally. They are responsible for selling products to retail stores, supermarkets, hypermarkets, convenience stores, and various others.
In terms of revenue, the demand for 2L deep fryer was valued at over USD 40.0 million in 2017. Increasing disposable incomes, improving standards of living, and demand for fast food are expected to positively influence the demand. In addition, the increasing penetration of frozen fast food that can be deep fried at home is expected to drive the demand for household deep fryers and consequently for 2 liter deep fryers over the forecast period.
The 8L – 14L type held a significant market share in U.S in 2017. The increasing demand for fast food is expected to positively impact the demand. Fast food chains, such as KFC, McDonalds, and Burger King among others have launched their own websites and apps for consumers to order food online. The ease of ordering at home and the concept of drive-through have positively influenced the demand for fast food and is consequently expected to boost the demand for deep fryers over the forecast period.
North America was the dominant regional segment occupying over 38.8% of the market share in terms of revenue in 2017. The region is projected to continue holding a major share of the market for deep fryers during the forecast period on account of rising preference for convenience food and on-the-go fast food.
Asia Pacific is expected to register the fastest growth over the forecast period owing to rising per capita income in emerging economies, expanding middle-class population, and improving standards of living. China, Indonesia, India, and Bangladesh are expected to drive demand in the regional market over the forecast period
Deep Fryers Market Share Insights
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.
Key Insights Covered: Global Deep Fryers Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Deep Fryers industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Deep Fryers industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Deep Fryers industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Deep Fryers industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Deep Fryers industry.
Research Methodology: Global Deep Fryers Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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