The global deep fryers market was valued at USD 5.2 billion in 2022 and is estimated to expand at a CAGR of 5.7% from 2023 to 2030. Deep fryers are kitchen appliances used to heat large amounts of cooking oil for the purpose of deep-frying food. Deep frying is a popular cooking method and is used to prepare a variety of foods such as French fries, doughnuts, onion rings, chicken wings, and more. The increasing demand for convenience food is expected to drive the market during the forecast period.

Additionally, the rapid growth of the restaurant and hotel industry is likely to fuel the demand for deep fryers. The growth in the foodservice industry is attributed to the increasing number of customers visiting fast-food restaurants, which is driving the demand for deep fryers. Furthermore, the rising trend of street food stalls is anticipated to drive the market growth. Besides, the growing purchasing power of customers is leading to an increase in the demand for better quality and premium deep fryers.

The rising demand for energy-efficient and cost-effective deep fryers is anticipated to drive the market in the coming years. Manufacturers are developing new deep fryers that consume low energy and require low maintenance. For instance, in April 2021, Pitco released the Solstice Supreme series, which is a multi-functional fryer with a patented Solstice burner system and a digital temperature control. The product offers superior temperature stability, reduced energy consumption, and low maintenance.

Furthermore, technological advancements such as the incorporation of digital control panels and sensors are expected to propel the market. For instance, in June 2021, Henny Penny launched a new deep fryer, the HCG-series, which features a digital controller with a multilingual display and a patented oil-saving system. The oil-saving system helps reduce the amount of oil used in the cooking process and is expected to reduce the cost of operation for the users. The company also provides an oil-filtration system that automatically filters and stores the oil, which helps reduce the wastage of oil and increases the fryer’s operational efficiency.

The rising trend of food delivery services is expected to drive the demand for ovens in the coming years. The increasing number of food delivery applications is leading to an increase in the demand for deep fryers by restaurants and fast-food outlets that offer delivery services. Additionally, the increasing popularity of online grocery stores is expected to propel the demand for deep fryers. The rising trend of online grocery stores is attributed to the convenience of shopping from the comfort of one’s home.

The electric deep fryers segment held the largest share of the market in 2019. The increasing popularity of electric deep fryers among consumers is attributed to the ease of use, convenience, and energy efficiency offered by these products. Furthermore, the availability of integrated features such as digital temperature control, automatic oil filtration, and safety features is also boosting the demand for electric deep fryers.

The countertop deep fryers segment is anticipated to expand at the fastest CAGR of 5.3% over the forecast period. Countertop deep fryers are becoming increasingly popular among consumers due to their compact size and portability. These deep fryers are ideal for commercial applications and offer wide temperature range, which makes them popular among consumers. In addition, the availability of advanced features such as digital temperature control and automatic oil filtration is driving the demand for countertop deep fryers.

The supermarkets and hypermarkets segment captured the major share of over 40.3% in 2022. This segment is expected to gain traction over the forecast period due to the rising consumer inclination towards these stores as a primary source to purchase deep fryers. Furthermore, the availability of different brands and varieties of deep fryers in supermarkets and hypermarkets is driving the segment growth.

The online segment is anticipated to expand at the highest CAGR of 17.4% over the forecast period. The growth is attributed to the rising adoption of e-commerce websites and shopping apps by manufacturers. For instance, in May 2021, Philips launched its online store on Flipkart and Amazon to expand its product portfolio in the deep fryer market. This store offers various deep fryers with advanced features, such as auto shut-off, adjustable thermostat, and non-stick coated bowl. In addition, it also offers attractive deals and discounts on deep fryers, which is further encouraging customers to purchase them online.

The commercial segment accounted for the largest revenue share of 73.1% in the year 2022. The increasing demand from hotels, restaurants, and other foodservice establishments are driving the growth of this segment. For instance, according to The National Restaurant Association, in the U.S., the restaurant industry is expected to generate a revenue of USD 878 billion in 2022. Moreover, foodservice suppliers such as Middleby Corporation and Welbilt, Inc. are focusing on introducing advanced deep fryers with improved efficiency and safety features. This is further increasing the demand for commercial deep fryers.

The home segment is anticipated to expand at the highest CAGR of 10.3% during the forecast period. The rising number of working women and their increasing disposable income are the key factors driving the growth of the home segment. Moreover, the increasing trend of healthy eating and the growing demand for home cooked food are creating a need for home deep fryers. Furthermore, manufacturers such as Middleby Corporation and Welbilt, Inc. are introducing advanced deep fryers with improved safety features, such as automatic temperature control, to cater to the demands of the home segment.

Europe accounted for the largest revenue share of over 42.1% in 2022. The region is home to a large number of restaurants and hotels, which are the major end-users of deep fryers. Moreover, the presence of prominent players such as Philips and Tefal, who manufacture and market deep fryers in the region, is expected to drive regional growth.

Asia Pacific is expected to be the second-largest regional market for deep fryers. The region is projected to register the highest CAGR of 7.3% during the forecast period. The growing hospitality industry in countries such as India, China, and Japan is driving the demand for deep fryers in the region. Furthermore, the growing consumer preference for fried food is expected to drive the growth of the market in the region.

In this part of the deep fryers products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your deep fryers products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a deep fryers products business comes from the sale of products, as well as through advertising and sponsorships. Here you will find a list with a description of each of them and other possible sources of profit such as online sales, trade shows, and product demonstrations.

Projecting Expenses
In this section, all the regular expenses related to keeping the deep fryers products business running will be described. The list of operating expenses includes product costs, wages, shipping and handling, advertising, rent, utilities, insurance policies, taxes, and others.

Some of the key companies operating in the deep fryers market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In August 2022, Breville introduced the Breville Smart Fryer, a deep fryer with adjustable temperature, timer and automated shut-off.

– In September 2022, T-fal launched the T-fal Actifry Genius XL, a deep fryer with a digital timer and temperature controls.

– In October 2022, Philips introduced the Philips HD9641/96 Airfryer XXL, a deep fryer that uses 75% less oil than traditional fryers.

Some of the prominent players in the deep fryers market include:

– Breville
– T-fal
– Philips
– De’Longhi
– Hamilton Beach
– Cuisinart
– Krups
– Kenwood
– Kalorik
– Presto

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global deep fryers products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Countertop/Tabletop Deep Fryers
– Floor Model Deep Fryers

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Electric
– Gas

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the factors driving the deep fryers products market?
[A]: The primary drivers of the deep fryers products market are the increasing demand for convenience foods and the growing popularity of fast food restaurants. Additionally, advancements in technology such as automated deep fryers and the increasing availability of energy-efficient deep fryers are fueling the growth of the market.

[Q]: Who are the Key Players in the Deep Fryers Products Market?
[A]: Major players in the deep fryers products market include Vitek, Panasonic, T-fal, Hamilton Beach Brands Inc., Conair Corporation, FALCON FOODSERVICE EQUIPMENT, Waring Commercial, Pitco, and others.

[Q]: What are the Trends in the Deep Fryers Products Market?
[A]: The deep fryers products market is expected to witness significant growth in the coming years, due to the increasing demand for convenience foods and the growing popularity of fast food restaurants. Additionally, the increasing popularity of energy-efficient deep fryers and the growing demand for automated deep fryers are expected to drive the market growth.

[Q]: What are the Opportunities in the Deep Fryers Products Market?
[A]: The deep fryers products market offers significant opportunities, given the increasing demand for convenience foods and the growing popularity of fast food restaurants. Additionally, advancements in technology such as automated deep fryers and the increasing availability of energy-efficient deep fryers are creating opportunities for the market players.

[Q]: What are the Regional Market Growth Trends?
[A]: North America is expected to dominate the deep fryers products market due to the high demand for convenience foods and the rising popularity of fast food restaurants. Additionally, Asia Pacific is expected to witness strong growth due to the increasing demand for energy-efficient deep fryers and the growing number of fast food restaurants in the region.