Global Deep Fryer Market Overview
Deep Fryer Market Size was estimated at 12.61 (USD Billion) in 2022. The Deep Fryer Market Industry is expected to grow from 13.08(USD Billion) in 2023 to 18.2 (USD Billion) by 2032. The Deep Fryer Market CAGR (growth rate) is expected to be around 3.73% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Deep Fryer Market Trends Highlighted
Key Market Drivers The changing lifestyle of consumers who are increasingly choosing fast and convenient fried foods, growing deep fryer usage in commercial kitchens due to its efficiency along with time-saving aspects, and rising awareness among consumers about healthy cooking appliances such as air fryers are some of the key market propellers.
Opportunities to be Explored The addition of such advanced capabilities as connectivity, temperature setting and oil filtering systems enhance the product features, which are instrumental in meeting customer demands. Besides these, the demand for deep fryers that combine different styles of cooking is also a factor that opens up growth opportunities.
Recent Market Trends Due to the COVID-19 pandemic, which saw everyone being encouraged to stay home and prepare meals, the use of in-house and portable deep fryers has surged. Consumers tend to embrace options for air frying rather than using oil, hence the rise in air fryer adoption. Moreover, the market is experiencing changes due to other factors aimed at improving the construction and control of the deep fryer.
Deep Fryer Market Drivers
Rising Demand for Convenience Foods
The growing popularity of convenience foods, such as frozen and packaged meals, has fueled the demand for deep fryers. Consumers are increasingly opting for quick and easy meal options, and deep fryers offer a convenient way to prepare these foods. The convenience factor of deep fryers makes them a popular choice for busy families and individuals with limited time to cook. Furthermore, the availability of a wide range of frozen and packaged foods compatible with deep fryers has further contributed to the market growth.
The convenience foods market is projected to continue expanding in the coming years, which is expected to drive the demand for deep fryers in the Deep Fryer Market Industry.
Expansion of the Foodservice Industry
The expansion of the foodservice industry has been a significant driver of growth in the Deep Fryer Market Industry. The increasing number of restaurants, cafes, and other foodservice establishments has led to a rise in demand for deep fryers. Deep fryers are essential equipment for foodservice operations, as they allow for the efficient preparation of a variety of fried foods, including chicken, french fries, and onion rings. The growth of the foodservice industry is expected to continue in the coming years, which will positively impact the demand for deep fryers.
Technological Advancements
In the modern world, technological achievements have defined the shape of the deep fryer market industry. With the advances of such features as digital controls, temperature sensing, and automatic shut-off, the functionality of deep fryers has increased dramatically. As a result, the described devices can be deemed to be more comfortable to use and, therefore, more popular. Additionally, with the introduction of energy-efficient deep fryers, the issue of energy consumption has been finally addressed.
Deep Fryer Market Segment Insights
Deep Fryer Market Type Insights
Types of frying devices represent automatic deep fryers, semi-automatic deep fryers, and manual deep fryers. In the Deep Fryer Market, the Automatic Deep Fryers segment was the most significant in 2023, amounting to about 45% of the revenue. Automation of cooking processes is becoming more popular in the food industry, and many modern technologies are designed to enhance and accelerate kitchen operations. For example, automatic devices can be easily programmed to adhere to specific cooking cycles, maintain the necessary oil temperature, and keep products warm.
Such modern devices have found widespread use in catering establishments and large restaurants because they fully ensure the safety of cooking and the preservation of ready-made dishes in the best temperature mode. The Semi-Automatic Deep Fryers segment is expected to develop progressively over the forecast because of its versatility, and the applicability both in public catering and home conditions. For instance, semi-automatic devices are perfect for a small coffee shop, pizzeria, or restaurant; as well, they can be in demand in the family circle, capable of maneuvering between automatic functions and manual settings.
On the other hand, due to the increased popularity of deep frying at home, this segment will also be in demand in some households. As for the Manual Deep Fryers segment, it is expected to show positive dynamics over the forecast, although its share in the market is more modest than that of competitors. The matter is that manual devices are most often used by ordinary housewives and owners of small culinary businesses who cannot allow themselves to spend much money on equipment or do not need a high level of automation.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Deep Fryer Market Fuel Type Insights
The Deep Fryer Market segmentation by Fuel Type comprises Electric Deep Fryers, Gas Deep Fryers, and Propane Deep Fryers. Among these, Electric Deep Fryers dominate the market owing to their energy efficiency, precise temperature control, and ease of use. The segment is projected to grow at a CAGR of 3.2% during the forecast period, reaching a valuation of USD 6.9 billion by 2030. Gas Deep Fryers hold the second-largest share due to their affordability and high heat output. Propane Deep Fryers, known for their portability and versatility, are expected to witness a steady growth rate in the coming years.
The Deep Fryer Market data indicates that the Fuel Type segment plays a crucial role in determining the overall market growth and dynamics.
Deep Fryer Market Capacity Insights
The Deep Fryer Market segmentation by capacity encompasses Small Deep Fryers (less than 5 liters), Medium Deep Fryers (5-10 liters), and Large Deep Fryers (10+ liters). In 2023, the Small Deep Fryers segment held a dominant market share of approximately 45%, owing to their affordability and suitability for household use. Medium Deep Fryers accounted for around 30% of the market, driven by their popularity in restaurants and cafes. Large Deep Fryers, with their high capacity and efficiency, captured a share of nearly 25%, primarily catering to large-scale food establishments.
Deep Fryer Market Features Insights
The Features segment plays a crucial role in shaping the Deep Fryer Market landscape. Advanced features enhance user safety and convenience, driving market growth. Anti-overflow Protection, Adjustable Thermostat, and Cool-Touch Exterior are key features that significantly contribute to the overall market revenue. Anti-overflow Protection prevents oil spills, boosting safety and reducing cleanup time. Adjustable Thermostat allows users to customize cooking temperatures for optimal results. Cool-Touch Exterior ensures safe handling during and after use, preventing burns.
These features not only enhance the user experience but also expand the market's reach to a wider consumer base.
Deep Fryer Market Regional Insights
The Deep Fryer Market segmentation by Region comprises North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023, and is expected to continue its dominance during the forecast period. The growth is attributed to the increasing demand for convenience foods and the growing popularity of deep-fried dishes in the region. Europe is expected to witness significant growth due to the rising disposable income and the increasing demand for healthy and convenient food options. APAC is anticipated to be the fastest-growing region, owing to the growing population and the increasing urbanization in the region.
South America and MEA are expected to grow at a moderate pace due to the rising demand for deep-fried foods and the increasing disposable income in these regions. The Deep Fryer Market is expected to reach a value of USD 18.2 billion by 2032, exhibiting a CAGR of 3.73% during the forecast period.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Deep Fryer Market Key Players And Competitive Insights
In the Deep Fryer Market, the major players are involved in constant innovation and development of new products as the demands of the customers change. This has also been the main strategy by which the leading players in the Deep Fryer market expand their product portfolio. Over the years, the Deep Fryer market industry has been characterized by the intense competition of leading players. The leading players in the Deep Fryer Market are known to invest heavily in their research and development, enter into agreements with other competing companies, or acquire them as a way of broadening their market share and acquiring a competitive advantage.
One of the leading players in the Deep Fryer Market is Philips. Philips is one player in the deep fryer market and is known for its range of deep fryers, from the basic models to the advanced models, which have features such as automatic temperature control and digital timers. Philips also provides a range of accessories for its deep fryers, including oil filters and cleaning brushes. Though Philips' products are sold across over 100 countries, the company has a very strong presence on the European continent. Philips is revered in the Deep Fryer market for always being innovative and coming up with new products that can meet the changing demands of the customers.
Another leading player in the Deep Fryer Market is De’Longhi, which also offers a variety of deep fryers, from small and compact versions to large family-sized versions. De’Longhi is known to offer a fryer model with a variety of features, including adjustable temperatures and non-stick coating. De’Longhi, in addition to its market presence in Europe and other parts of the globe, is known to be expanding its market in Asia. The company’s management is focusing on providing high-quality products to customers at competitive prices.
Key Companies in the Deep Fryer Market Include
- Hamilton Beach
- Sunbeam
- Philips
- Ninja
- De'Longhi
- Breville
- Black+Decker
- Cuisinart
- TFal
- Zojirushi
- Toshiba
- Proctor Silex
- Krups
- Oster
Deep Fryer Market Industry Developments
The Deep Fryer Market is anticipated to grow at a CAGR of 3.73%, from a valuation of USD 13.08 billion in 2023 to USD 18.2 billion by 2032.
Advancements in technology have led to the introduction of air fryers, which are gaining popularity due to their ability to provide a healthier alternative to traditional deep frying. Additionally, the growing demand for convenience foods and the increasing popularity of home cooking are driving market growth. Furthermore, the expansion of the foodservice industry, particularly in developing regions, is expected to contribute to the market's growth.
Deep Fryer Market Segmentation Insights
- Deep Fryer Market Type Outlook
- Automatic Deep Fryers
- Semi-Automatic Deep Fryers
- Manual Deep Fryers
- Deep Fryer Market Fuel Type Outlook
- Electric Deep Fryers
- Gas Deep Fryers
- Propane Deep Fryers
- Deep Fryer Market Capacity Outlook
- Small Deep Fryers (less than 5 liters)
- Medium Deep Fryers (5-10 liters)
- Large Deep Fryers (10+ liters)
- Deep Fryer Market Features Outlook
- Anti-overflow Protection
- Adjustable Thermostat
- Cool-Touch Exterior
- Deep Fryer Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric
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Details
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Market Size 2022
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12.61(USD Billion)
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Market Size 2023
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13.08(USD Billion)
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Market Size 2032
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18.2(USD Billion)
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Compound Annual Growth Rate (CAGR)
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3.73% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Hamilton Beach, Sunbeam, Philips, Ninja, De'Longhi, Breville, Black+Decker, Cuisinart, TFal, Zojirushi, Toshiba, Proctor Silex, Krups, Oster
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Segments Covered
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Type, Fuel Type, Capacity, Features, Regional
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Key Market Opportunities
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Rise in Disposable Income
Growing Health Consciousness
Technological Advancements
Expanding Fast Food Industry
Growing Popularity of Home Cooking
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Key Market Dynamics
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Rising demand for convenience food
Health concerns over fried food
Technological advancements in deep fryers Growing popularity of air fryers
Expansion of foodservice industry
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Deep Fryer Market is expected to reach a valuation of 13.08 billion USD in 2023.
The Deep Fryer Market is anticipated to grow at a CAGR of 3.73% from 2024 to 2032.
The Deep Fryer Market is projected to reach a valuation of 18.2 billion USD by 2032.
North America is expected to dominate the Deep Fryer Market, accounting for a significant market share.
Deep fryers are primarily used for preparing fried foods in commercial kitchens, restaurants, and households.
Some prominent players in the Deep Fryer Market include Groupe SEB, Newell Brands, and Waring.
Rising demand for fried foods, increasing disposable income, and growing popularity of air fryers are contributing to the market growth.
Health concerns associated with fried foods and competition from alternative cooking appliances pose challenges to the market.
Smart fryers with advanced features, air fryers, and multi-functional fryers are gaining traction in the market.
E-commerce platforms are expanding the reach of deep fryers, making them more accessible to consumers.