According to a recent report published by Future Market Insights (FMI), size of the global continuous fryer machine market is anticipated to cross a value of US$ 1,455.3 Mn in 2033, growing at a CAGR of approximately 5.2% between 2023 and 2033.
The continuous fryer machine business is a mature industry that is undergoing a period of change because of rising customer demand for better food safety, sustainability, and quality. As per FMI, a market research and competitive intelligence provider, over the historical period from 2018 to 2022, the global market for continuous fryer machines accelerated at a rapid pace owing to increased application of the product in the food processing industry.
Governments of various countries are nowadays helping food equipment manufacturers to produce continuous fryer machines at a large scale by providing subsidies and interest-free loans to support food processing and related industries. Thus, demand for innovative continuous fryer machines with novel features is anticipated to surge in the next ten years.
Moreover, increasing development of new fryer machines with ventilation systems for providing exhaust to frying odors is likely to drive the global market. A few other companies are also coming up with temperature controlled fryer machines to save energy and prevent fire accidents by constantly sensing and monitoring the temperature.
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Key Takeaways from the Continuous Fryer Machine Market Study:
- Sales of continuous fryer machines are likely to surge at a CAGR of 0% in 2023 in Australia.
- Demand for continuous fryer machines is expected to grow at a rate of 3% by 2023 in the U.S.
- India continuous fryer machine market is estimated to grow at a CAGR of 5% in the next ten years.
- The U.K. continuous fryer machine market is anticipated to surge at a CAGR of 7% during the forecast period.
- Demand for continuous fryer machines across North America is projected to grow at 38% CAGR between 2023 and 2033.
Competition Landscape: Continuous Fryer Machine Market
Some of the leading companies operating in the global continuous fryer machine market include include Jinan Kelid machinery, TSHS, Tianjin hitresss machinery, QINGDOO tune Machinery, Jinan tindo International Co. ltd., PSG Dallas, Nilma, Schomaker Convenience Technik, Kalyan Machines, Ding Han Machinery, Zhengzhou Longer Machinery, and Huaxing Machinery among others.
Leading companies are investing huge sums in research & development activities to come up with innovative products. A few other firms are engaging in partnerships and collaborations with local companies in various parts of the globe to co-develop innovative products, as well as expand their production capacities.
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Continuous Fryer Machine Market Outlook by Category
By Product:
- Gas
- Steam
- Others
By Application:
- Food Processing Plant
- Restaurant
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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