Commercial Deep Fryer Market Report
The global commercial deep fryer market is segmented by Category (Gas Fryers, Electric Fryers, Pressure Fryers), by Type (Countertop Fryer, Floor Fryer, Specialty Fryer), by Configuration (Tube Fryers, Open Pot Fryers, Flat Bottom Fryers), By End User (Quick Service Restaurants, Hotels, Cafeteria, Food Trucks, Others), and Region.
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Commercial Deep Fryer Market is estimated to grow from USD 465.1 million in 2020 to USD 646.4 million by 2026 at a healthy CAGR of 5.8% during the forecast period.
This market research report provides in-depth information on the trends, dynamics, revenue opportunities, competitive landscape, and the recent developments in the global Commercial Deep Fryer market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Figure: Global Commercial Deep Fryer Market Size, 2020-2026 (USD Million)
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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.
Key players operating in the global commercial deep fryer market are -
The group of people who are likely to buy these products are -
Based on end-user, 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.
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.
QSRs such as KFC had to close a few of their branches due to very less demand for its products as a result of 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 behaviour and focus on eating healthy to sustain high immunity to curb the infection of COVID-19 is likely to hamper product consumption.
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The commercial deep fryers market is expected to grow at a healthy CAGR of 5.8% in the foreseeable future.
The commercial deep fryers market size is estimated to reach USD 646.4 million by 2026.
North America accounted for the largest share of the commercial deep fryers market in 2020.
Asia-pacific is expected to grow at the fastest rate in the commercial deep fryers market during the forecast period.
The quick-service restaurants (QSR) segment is expected to grow at significant CAGR in the commercial deep fryers market in the coming years.
High demand for on-the-go fast food across geographies is the prime factor driving the growth of commercial deep fryers market.