The global commercial deep fryers parts & accessories market was valued at USD 210 million in 2022. As of 2023, the market value is expected to reach a valuation of USD 235.2 million and is projected to exhibit a CAGR of 12% from 2023 to 2033. By the end of the said period of assessment, a valuation of USD 730.5 million is expected.
Among the key trends in the commercial fryer market, filtration systems are seen as gaining popularity in fryers with built-in filtration systems. Fryers are typically sized according to how much oil they can hold. A commercial kitchen should always have extra baskets on hand, making it convenient to pre-fill them during hectic shifts in the kitchen.
Infrared technology, advanced burner designs, and heat reclamation have all contributed to better energy-efficient commercial deep fryers. Long-term savings from energy reductions will significantly reduce operating expenses. Technology will enable vendors to introduce frying oil filtration systems in the future to enhance the life of the oil.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | USD 210 million |
| Expected Market Value (2023) | USD 235.2 million |
| Anticipated Forecast Value (2033) | USD 730.5 million |
| Projected Growth Rate (2023 to 2033) | 12% CAGR |
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According to Future Market Insights (FMI), global demand for deep fryers parts & accessories is expected to grow at a CAGR of 12% between 2023 and 2033, reaching a value of USD 730.5 million in 2033, according to a report from Future Market Insights (FMI). From 2017 to 2022, sales witnessed significant growth, registering a CAGR of 12.1%.
Fast food vendors in the suburbs are increasingly opting for deep fryers. The modern deep fryer is equipped with food odor filters that prevent the smell of the food from spreading throughout the house.
The demand for floor fryers that are able to handle the constant supply of deep-fried food in high quantities is expected to continue.
It is not uncommon for some brands to be equipped with built-in filtration devices which will increase the oil's durability and improve the food's quality. Restaurants with high volumes and fast food chains benefit from these fryers.
A range of technologies is being employed by manufacturers to develop new deep fryer parts that are more durable, efficient, and cost-effective, including robotics, 3D printing, and advanced sensors. With the development of these technologies, it is expected in the coming years that deep fryers constructed for commercial use will be more energy efficient as well as more reliable.
Commercial Deep Fryer Parts and Accessories will grow as the Market for Deep Fryers Grows
The growing popularity of fast food, energy-efficient equipment, and rising disposable incomes will drive the demand for commercial deep fryer parts. Moreover, the rising interest in health and wellness is fueling the demand for low-fat fried foods, which fuels commercial deep fryer parts sales in the market.
Due to increased demand from the food and beverage industry as well as the consumption of fast food and the growing trend of at-home dining, manufacturers are expecting their commercial deep fryer parts demand to increase greatly in the coming years. A new generation of technologies, like smart fryers, is helping to drive growth in the commercial deep fryer parts market.
The growing need for eco-efficient and health-conscious commercial deep fryers and their parts will continue to grow their market share in the coming years. Numerous manufacturers have launched their own websites where they are retailing their products online in a continuous process. Additionally, they have established relationships with distributors globally to ensure maximum product penetration. As a result, they are able to increase the reach of their product and the number of consumers they serve.
Also, the growing internet penetration in developing and developed countries will lead to a positive impact on the market's growth, resulting in excellent opportunities for the market to thrive in the coming years. Furthermore, the demand is expected to be sparked by experts that regularly post videos on video showing their use of deep fryers and other devices.
A New Wave of Technologies Presents Lucrative Opportunities for Commercial Deep Fryer Parts
Increasing consumption of fast foods is propelling market growth because of the growing penetration of QSRs, restaurants, and food trucks. As part of the market growth, e-commerce channels are becoming increasingly popular among consumers. The developments of innovative fryers with advanced features are being placed with increasing emphasis, which will result in lucrative market opportunities in the future for manufacturers.
Parts and accessories for commercial deep fryers are being developed using advanced technologies such as 3D printing, robotics, and artificial intelligence. By leveraging these technologies, manufacturers can produce higher-quality and more efficient components at a lower cost. Besides AI-based automation systems, deep fryers, and their parts are also being monitored and controlled by AI-based systems that are based on artificial intelligence.
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Growth is stifled by High Development Costs for Commercial Deep Fryers and Accessories
There are several players competing for market share in a highly competitive market. As a result, manufacturers may struggle to maintain profitability as a result of the price conflict in the market.
Costs of raw materials and manufacturing can be high, which can affect the pricing of the products in terms of their cost of manufacture. Keeping costs low and maintaining quality may be challenging for manufacturers.
There are several regulations on the market, including those pertaining to health and safety. Regulations can have an impact on the design and production of products, so manufacturers must make sure their products comply with them.
Investing in commercial deep fryers requires regular maintenance and repairs. Manufacturers must ensure their products are easy to maintain and repair in order to prevent customers from switching to competitors who offer products that are more accessible.
High Number of Restaurants Will Drive Growth for Commercial Deep Fryers Parts & Accessories
An expanding hospitality industry, rising food production, and the prevalence of relevant infrastructure are expected to fuel North America’s growth in the commercial deep fryer parts & accessories market. As per FMI, the region is expected to contribute 67% of revenue in 2023.
North America is experiencing robust demand for deep fryer parts for commercial deep fryers in the market. Since the North American market has become one of the largest markets for commercial deep fryers, there has been an increase in demand for parts and accessories.
Manufacturers of commercial deep fryers offer a range of parts and accessories to meet the needs of their customers, ranging from replacement filters, baskets, lids, and heating elements order to meet their needs in a timely manner.
A substantial part of these parts is designed to increase the efficiency and safety of commercial deep fryers, thus increasing the demand for these parts. In addition, the availability of a wide variety of aftermarket parts has contributed to a decrease in cost, which in turn has helped fuel demand.
Population Growth and Rising Disposable Incomes are driving the Asia Pacific Market Growth
Fast food restaurants are projected to experience rapid growth in the Asia Pacific region over the forecast period. Growing food chains in developing countries like India, China, and Japan are driving the market further. The market for fryer parts is expected to grow since India and China are expected to experience a high demand for street food.
As the food service industry in the Asia Pacific region grows rapidly, demand for commercial deep fryer parts is expected to remain strong in the market. In addition to the increasing number of restaurants and food outlets within the region, there is also a growing demand for fried food, as well as a growing street food culture, which may explain the development of the market.
In addition, consumers in the region are becoming abler to afford deep fryers and related equipment as their disposable incomes increase. As the Asia Pacific region continues to develop, countries like Japan, South Korea, China, and India will play a key role in driving commercial deep fryer parts demand.
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A Significant Increase in the Use of Electric Deep Fryers is Expected in the Future
Electric deep fryers accounted for the largest market share in 2023 largely as a result of their smart and technological developments in modular kitchens. With the growing demand for clean energy and awareness of the detrimental effects of gas appliances on health, electric deep fryers have become more popular.
As a widespread trend, the nation is currently seeing a movement towards electric appliances, which has a favorable impact on the environment and is incredibly healthy and environmentally friendly. Growing demand for digital kitchen and push button appliances in the market has grown demand for commercial deep
According to a study, gas stoves were found to cause 42% more asthma symptoms in kids than electric stoves in homes with gas stoves. Several states have also experienced gas bans in recent years, including New York, Washington, and California, which account for 30% of residential gas use in the country. Many brands are focusing on electrical cooking appliances and improving kitchen ventilation in order to reduce carbon monoxide and residue gasses.
Hence all these factors are generating demand for electric commercial deep fryer parts &accessories in the market.
With Growing Demand for Portable Deep Frying, Commercial Deep Fryers Parts & Accessories is Poised for Growth
The filter system segment is expected to account for 33% of the market by 2023, as sensors and technology become more widespread in the market. As global spending on food rises, portable deep fryer systems become more available, and food contamination concerns rise, the segment is expected to grow at a rapid pace.
A growing amount of contamination from frying operations at high temperatures is deteriorating the oil quickly. In order to separate these contaminants from oil, there has been an increase in the demand for oil filters on the market. During the last few years, the market for oil filtration systems has seen a steady increase due to the increasing demand for portable oil filtration systems and the growing need for customized adsorbents.
With increasing technological innovation and designs, sales for deep fryer filtration systems have grown. Filter systems are becoming increasingly popular as a means of preserving oil life and maintaining the consistent quality of fried food.
Quick Service Restaurants are expected to enhance Sales for Most of the Parts and Accessories for Commercial Deep Fryers
Commercial deep fryer parts and accessories are mostly used in quick service restaurants, accounting for 47% of the market in 2023. Quick-service restaurants (QSR) have an estimated CAGR of 5% during the review period and are projected to account for the largest portion of the market in 2023.
Fast food restaurants like Kentucky Fried Chicken (KFC) and McDonald's have resulted in increased demand for deep fryers. As a result, the market for dual fryers, baskets, and trays is expected to grow. Numerous factors contribute to the growth of the food service industry, including the presence of food trucks, caterers, and clubs, as well as the penetration of food chain industries.
Fast-food restaurants were found in over 196,000 USA cities in 2021. It is also likely that improving inventory management systems will help to reduce the costs associated with material handling and waste. Through better scheduling, companies can reduce labor costs and improve labor efficiency. All these factors will further enhance market growth for the commercial deep fryer parts & accessories market.
There are several start-up companies in the commercial deep fryer parts and accessories market, including
Through strategic partnerships, manufacturers can increase their revenues and market share by increasing production and meeting customer demands. End users will benefit from improved technology when new products and technologies are introduced. Having a partnership with another company can boost your company's production capacity.
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 235.2 million |
| Market Value in 2033 | USD 730.5 million |
| Growth Rate | CAGR of 12% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Fryer Types, Installation Type, Components, Distribution Channel, End User, Region |
| Regions Covered |
North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
| Key Countries Profiled |
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled |
Taurus Group; The Middleby Corporation; Henny Penny; Illinois Tool Works Inc.; WinCo Foods, Inc.; Avantco Equipment; AB Electrolux; Breville Group; National Presto Industries; Manitowoc |
| Customization | Available Upon Request |
The market is estimated to secure a valuation of USD 235.2 million in 2023.
The market is estimated to reach USD 730.5 million by 2033.
Quick service restaurants hold high revenue potential.
The United States, Japan, and China dominate the global market.
The market is forecast to register a CAGR of 12.1% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fryer Types 5.1. Gas Deep Fryer 5.2. Electric Deep Fryer 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Installation Type 6.1. Floor Standing Fryer 6.2. Countertop Fryer 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Components 7.1. Fryer Covers 7.2. Filter System 7.3. Sediment Trays 7.4. Basket 7.5. Screens 7.6. Casters 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Offline Stores 8.1.1. Hypermarkets / Supermarkets 8.1.2. Convenience Stores 8.1.3. Specialty Stores 8.2. Online Retail Stores 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 9.1. Quick Service Restaurants 9.2. Food Trucks 9.3. Cafeteria 9.4. Ferry and Cruise 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Taurus Group 20.2. The Middleby Corporation 20.3. Henny Penny 20.4. Illinois Tool Works Inc. 20.5. WinCo Foods, Inc. 20.6. Avantco Equipment 20.7. AB Electrolux 20.8. Breville Group 20.9. National Presto Industries 20.10. Manitowoc 21. Assumptions & Acronyms Used 22. Research Methodology
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Commercial Deep Fryer Parts & Accessories Market
