The global deep fryer market size was US$ 515.5 million in 2021. The global deep fryer market is forecast to grow to US$ 752.87 million by 2030 by growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.
Frying is a popular cooking method in the food industry. The deep-frying cooking method is used to cook food more quickly, evenly, and tenderly.
Factors Influencing the Market
The rapidly growing hospitality sector is forecast to drive the deep fryer industry forward. In addition, the growing urbanization and busy lifestyles of the people will surge the demand for frozen food products. As a result, it will contribute to the growth of the market.
The rising number of experimental and the development of a variety of different flavors and cuisines will augment the deep fryer market expansion in the upcoming years.
Increasing demand for fast food across all nations will also benefit the market. In addition to that, the rising interest of youth in cooking will upsurge the demand for deep fryers during the study period.
Availability of more efficient substitute products may limit the growth of the deep fryer market.
The trending smart home infrastructure and rising concept of cloud kitchen will also upsurge the demand for deep fryers throughout the study period.
Regional Analysis
The Asia-Pacific deep fryer market is forecast to grow at the highest growth rate. It is due to the growing employment rate and rising demand for fast food. In addition, the busy schedule of people is leading to the demand for frozen food and ready-to-eat products. As a result, it will offer significant opportunities for this regional deep fryer market. The growing trend of premium products, including deep fryers, will also surge the demand for more innovative products in the coming years.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic has been beneficial for the frozen food industry. However, the hospitality industry witnessed a sudden downfall, which stayed the same for a long time. People avoided visiting public places, which reduced the crowd in cafes and hotels. As a result, it ultimately hampered the demand for deep fryers. Moreover, governments also imposed strict lockdown, banning all the dine-in activities. On the contrary, the concept of cloud kitchen surged significantly. Moreover, the increased interest of the population has been witnessed in cooking during the forecast period. As a result, it surged the growth of the global deep fryer market.
Competitors in the Market
Welbilt Inc.
AB Electrolux
Ali Group Srl
Groupe SEB
Breville Group
Henny Penny
Fagor Industrial
Newell Brands (Oster)
TTK Prestige Ltd
Taurus Group (Inalsa)
Other Prominent Players
Market Segmentation
The global deep fryer market segmentation focuses on Sales Channel, End-User, and Region.
By Sales Channel
Offline
Online
By End-User
Residential
Commercial
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America