The electric commercial deep fryers market is on the verge of a noteworthy expansion, projecting a substantial valuation of US$ 1,456.9 million by 2033, underpinned by a robust Compound Annual Growth Rate (CAGR) of 6.6%. This upward trajectory is propelled by the ever-expanding landscape of food-service establishments and the escalating demand for high-capacity deep fryers. The distinctive feature of these high-capacity fryers lies in their ability to concurrently cook multiple food items, resulting in substantial labor cost savings.
The exponential growth of the commercial electric deep fryers market is profoundly influenced by the widespread proliferation of quick-service restaurants. As consumer preferences evolve and lifestyles become increasingly fast-paced, quick-service restaurants are experiencing flourishing success. Electric deep fryers, renowned for their efficiency and convenience, have emerged as the preferred choice for these establishments, adeptly meeting the surging demand. In this dynamic and competitive environment, the electric commercial deep fryers market assumes a pivotal role in the culinary landscape, delivering both efficiency and enhanced flavor to the food-service industry.
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Rising Demand for Electric Commercial Deep Fryers: Driven by Diverse Culinary Businesses
The escalating popularity of small restaurants, fast food stations, cafés, and eateries is set to fuel the demand for electric commercial deep fryers. This surge is further bolstered by the remarkable growth of e-commerce platforms and retail outlets, which are contributing to the widespread adoption of these devices across the market.
Innovations Enriching Deep Fryer Capabilities:
As electric commercial deep fryers undergo advancements, they are becoming equipped with a plethora of features, ranging from thermostats, timers, and baskets to oil filters, automatic shutoff mechanisms, digital displays, and more. This enhanced functionality allows businesses to offer customers a wider variety of options, resulting in heightened efficiency and reduced waste. The convenience and versatility of these fryers have made them particularly attractive for cafeterias, which benefit from an array of food choices and efficient large-batch cooking capabilities.
Key Insights from the Market Analysis:
- The global electric commercial deep fryers market was valued at US$ 721.3 million in 2022.
- Digital fryers are projected to capture 42% of total sales by 2023, based on operating mode.
- Cafeterias are the predominant users of electric commercial deep fryers, constituting over 54% of sales in 2023.
- The United States emerged as a hub for sales in 2022, commanding a market share of 36.7%.
- China is anticipated to exhibit rapid growth, with an expected CAGR of 5.9%.
- The market is set to expand 1.9 times from 2023 to 2033.
Prominent Players and Future Prospects:
Companies are poised to intensify their focus on research and innovation, leading to product line expansions, acquisitions, and mergers.
Key players include Breville, Hamilton Beach, Cuisinart, AKASA, Middleby Corporations, Avantco Equipment, MVP Group Corporation, Huayu, Welbilt, Globe Food Equipment, Henny Penny, and Alister.
AB Electrolux, for instance, offers a range of single and double-well commercial electric floor-standing fryers, complete with overheat protection and thermostatic oil temperature control up to 365 degrees Fahrenheit. The company also provides countertop and portable fryer options.
Comprehensive Insights:
Future Market Insights presents an unbiased analysis of the global electric commercial deep fryers market, encompassing historical data from 2018 to 2022 and forecast statistics for 2023-2033.
The study provides crucial insights based on capacity, material, operating mode, end-user, and regions, helping stakeholders gain a comprehensive understanding of market trends and opportunities.
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Key Segments Profiled in the Electric Commercial Deep Fryers Market Survey:
By Capacity:
- Up to 5 Litres
- 5 to 15 litres
- Above 15 litres
By Material:
- PTFE (Polytetrafluoroethylene)
- Plastic
- ETFE (Ethylene Tetrafluroethylene)
By Operating Mode:
- Digital Control
- Manual or Mechanic Control
By End-User:
- Hotels
- Cafeterias
- Quick Service Restaurants
- Food Trucks
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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