Commercial Deep Fryer Market Analysis | 2021-2026

Market Insights

"The commercial deep fryer market was estimated at USD 465.1 million in 2020 and is likely to grow at a CAGR of 5.8% during 2021-2026 to reach USD 646.4 million in 2026".

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Market Dynamics

Introduction

A commercial deep fryer is an appliance used in the kitchen to heat a large quantity of cooking oil to deep fry foods such as funnel cakes and French fries. Deep fryers are used to cook fast food and make food crispy. Deep fryers use a heating element to heat oil to around 400° Fahrenheit.

It consists of various components including a timer, audible alarm, and basket. The commonly used types of deep fryers include countertop fryers, floor fryers, and specialty fryers. The use of specific deep fryers differs based on the type of food is cooked.

COVID-19 Impact

QSRs such as KFC had to close a few of their branches due to very low demand for its products as a result of the lockdown amid the COVID-19 outbreak. This affected the demand for deep fryers. The market players are focusing on altering their supply chains to reinforce their online presence and delivery measures, to adapt to the current business scenario.

The changes in consumer behavior and focus on eating healthy to sustain high immunity to curb the infection of COVID-19 is likely to hamper product consumption.

Market Drivers

The growth of the global market is primarily driven by high demand for on-the-go fast food across geographies.

• Growing penetration of QSRs, restaurants, and food trucks among others as a result of increased spending on fast foods is propelling the market growth.
• Increasing sales through e-commerce channels is another factor driving the market growth.
• Growing emphasis on the development of innovative fryers with advanced features is witnessed to create lucrative opportunities for the market players.

key Players

The following are the key players in the Commercial Deep Fryer Market (arranged alphabetically).

• Avantco Equipment (The U.S.),
• De'Longhi S.p.A. (Italy),
• Electrolux AB (Sweden),
• Falcon Foodservice Equipment (The U.S.),
• Guangdong Rongsheng Electric Holding Co. Ltd (China),
• Henny Penny (The U.S.),
• Illinois Tool Works Inc. (The U.S.),
• National Presto Industries (The U.S.),
• Standex International Corporation (The U.S.),
• The Middleby Corporation (The U.S.),
• WinCo Foods, Inc. (The U.S.).

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By End-User Type

"The quick-service restaurants (QSR) segment accounted for the largest share in 2020 and is projected to grow at a significant CAGR during the review period".

• The market has been divided into quick-service restaurants, hotels, cafeterias, food trucks, and others. 
• QSRs such as Kentucky Fried Chicken (KFC), McDonald's, and Burger King cook food in bulk which has resulted in a surge in demand for deep fryers. Additionally, increasing penetration of food trucks, food caterers, and clubs is projected to propel the market growth considerably.

Regional Analysis

"The market in North America accounted for the largest market share in 2020".

• Regionally, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
• The market in North America accounted for the largest market share in 2020 owing to the presence of various QSRs and large restaurants and the high demand for fried food products. The market in Asia-Pacific is expected to grow at the fastest CAGR during the review period owing to increasing consumption of fast food coupled with rising per capita disposable income and changing lifestyle.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s commercial deep fryer market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The commercial deep fryer market is segmented into the following categories.

By End-User Type

• Quick Service Restaurants
• Hotels
• Cafeteria
• Food Trucks
• Others

By Category Type

• Gas Fryers
• Electric Fryers
• Pressure Fryers

By Type

• Countertop Fryer
• Floor Fryer
• Specialty Fryer

By Configuration Type

• Tube Fryers
• Open Pot Fryers
• Flat Bottom Fryers

By Region

• North America (Country Analysis: The USA and Rest of North America)
• Europe (Country Analysis: Germany, The UK, The Netherlands, Austria, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, South Korea, Taiwan, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudia Arabia, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.