The global market for commercial deep fryers parts & accessories reached a valuation of $210 million in 2022. By 2023, the market is projected to attain a value of $235.2 million, with a robust Compound Annual Growth Rate (CAGR) of 12% foreseen from 2023 to 2033. This growth trajectory is anticipated to culminate in a substantial valuation of $730.5 million by the end of the assessment period.
Filtration systems are emerging as a significant trend in the commercial fryer market, with built-in filtration systems gaining traction. Fryer capacities are often determined by their oil-holding capacity. In bustling commercial kitchens, the adoption of extra baskets for pre-filling during hectic shifts is becoming a prevalent practice.
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Rising Demand for Enhanced Features Fuels Growth in Commercial Deep Fryer Parts & Accessories Market
The adoption of advanced features like digital controls and temperature monitors is gaining significant traction among consumers, prompting commercial establishments to embrace deep fryers and their associated parts and accessories. With a growing number of restaurants, hotels, and other food service venues entering the fray, the demand for commercial deep fryer parts is set to surge.
The Flourishing Convenience Food Industry Drives Demand
The expanding convenience food industry is poised to drive the demand for commercial deep fryer parts. These parts play a vital role in the production of convenience foods, propelling the growth of the convenience food sector itself. The surging popularity of deep-fried snacks, including favorites like French fries, onion rings, and chicken wings, is anticipated to further amplify the demand for deep fryer parts in the years ahead.
Key Insights from the Market Study
- Deep fryer parts catering to commercial needs were valued at approximately $210 million in 2022.
- The market valuation for commercial deep fryers and accessories is poised to attain $235.2 million in 2023.
- North America emerges as a highly promising market, projected to command a robust 67% revenue share in 2023.
- Filter systems are predicted to be the most in-demand component, expected to account for one-third of global revenues.
- Quick-service restaurants are set to be the primary end-users, with an estimated 5% Compound Annual Growth Rate (CAGR) from 2023 to 2033.
“The rising inclination toward energy-efficient commercial fryers meeting industry standards, coupled with lucrative profit margins from fried food products, is anticipated to propel the market for commercial deep fryer parts and accessories,” notes an analyst from Future Market Insights.
Competitive Landscape: Innovations and Leadership in Focus
Numerous enterprises are anticipated to prioritize research and innovation in the foreseeable future, propelled by strategies involving product line expansions, acquisitions, and mergers. Notable players within the commercial deep fryer parts & accessories market include Taurus Group, The Middleby Corporation, Henny Penny, Illinois Tool Works Inc., WinCo Foods, Inc., Avantco Equipment, AB Electrolux, Breville Group, National Presto Industries, and Manitowoc.
Innovation in Action
A remarkable advancement in frying and cooking solutions took center stage in March 2023, with Valentine and CuisinEquip unveiling a state-of-the-art frying solution that optimizes efficiency for HRC. These Swiss-made fryers are lauded for their resilient design, incorporating unique oil-saving attributes, oil-pump filtration, and turbo functionality that accelerates cooking time and temperature recovery.
Strategic Leadership Enhancement
In May 2022, a significant appointment was made as Ryan Kutter assumed the role of Chief Operating Officer at Henny Penny. With a wealth of experience spanning 28 years at Eaton, Kutter is expected to play a pivotal role in implementing the company’s visionary strategy of becoming a prominent global food service equipment supplier. Leading various aspects, including operations, engineering, parts, supplies, and the Suzhou facility in China, Kutter’s leadership comes amidst the company’s rapid growth trajectory.
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Key Segments Profiled:
By Fryer Types:
- Gas Deep Fryer
- Electric Deep Fryer
By Installation Type:
- Floor-standing fryer
- Countertop fryer
By Component:
- Fryer Covers
- Filter System
- Sediment Trays
- Basket
- Screens
- Casters
By Distribution Channel:
- Offline Stores
- Online Retail Stores
By End User:
- Quick Service Restaurants
- Food Trucks
- Cafeterias
- Ferry and Cruise
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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