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  • Commercial Deep Fryer Market Growth Analysis | 2021-2026

    Commercial Deep Fryer Market Growth Analysis | 2021-2026

    Commercial Deep Fryer Market Growth Analysis | 2021-2026
    Report code - SRCE280 Delivery - 2 Weeks
    Commercial Deep Fryer Market Size, Share, Trends, Forecast, & Growth Analysis &nd See more...

    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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    What is a commercial deep fryer?

    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.

    Commercial Deep Fryer Market Report Highlights

    Market Size in 2020

    USD 465.1 million

    Market Size in 2026

    USD 646.4 million

    Market Growth (2021-2026)

    5.8% CAGR

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2021-2026

    Key Players

    Key players operating in the global market are -

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

    Market Dynamics

    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.

    Commercial-Deep-Fryer-Market-Dynamics

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    Segments Analysis

    By End-User Type

    Based on end-users, the market has been divided into quick-service restaurants, hotels, cafeterias, food trucks, and others. 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. 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 Insights

    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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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    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)

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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?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Commercial Deep Fryer Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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.

    Frequently Asked Questions (FAQs)

    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 fryer, floor fryer, and specialty fryer. The use of specific deep fryers differs based on the type of food is cooked.

    The commercial deep fryer market was estimated at USD 465.1 million in 2020.

    The commercial deep fryer market is likely to reach USD 646.4 million in 2026.

    The commercial deep fryer market is likely to grow at a CAGR of 5.8% during 2021-2026.

    North America accounted for the largest share of the market in 2020.

    Asia-Pacific is expected to grow at the fastest rate in the market during the forecast period.

    The quick-service restaurants (QSR) segment is expected to grow at significant CAGR in the market in the coming years.

    High demand for on-the-go fast food across geographies is the prime factor driving the growth of the market.