The global specialty commercial deep fryers market is expected to be valued at USD 1,126.5 million in 2023. With the continual rise in online sales channels, the overall expansion scope for the specialty commercial deep fryers market is projected to grow at a CAGR of 6.7% between 2023 and 2033, totaling around USD 2,154.7 million by 2033.
The increasing demand for energy-efficient fryers is driven by the need to reduce energy consumption and minimize environmental impact. Deep fryers consume a significant amount of energy, and as energy costs continue to rise, foodservice establishments are looking for ways to reduce their energy bills. Energy-efficient fryers offer a solution to this problem, as they are designed to use less energy without compromising on performance.
Furthermore, manufacturers of specialty commercial deep fryers are responding to this demand by introducing new products that are more energy-efficient. These fryers use innovative technologies such as high-efficiency burners, improved insulation, and advanced controls to reduce energy consumption. For example, some energy-efficient fryers use infrared heating technology, which heats the oil faster and more efficiently than traditional heating elements.
In addition to reducing energy consumption, energy-efficient fryers also offer other benefits. They generate less heat, which can help reduce air conditioning costs in hot climates. They also produce less waste oil, which can be recycled and used for other purposes. Moreover, energy-efficient fryers are often designed to be easier to clean, which can help foodservice establishments save time and money on maintenance.
| Data Points | Key Statistics |
|---|---|
| Specialty Commercial Deep Fryers Market Value 2023 | USD 1,126.5 million |
| Specialty Commercial Deep Fryers Market Projected Value (2033) | USD 2,154.7 million |
| Specialty Commercial Deep Fryers Market CAGR (2023 to 2033) | 6.7% |
According to the analysis of Future Market Insights, the adoption of online sales channels is increasing rapidly in the foodservice industry, which is expected to drive the growth of the specialty commercial deep fryers market. Manufacturers are investing in online sales platforms to make it easier for foodservice establishments to purchase their products, and to reach a wider range of customers in different parts of the world.
Moreover, one of the main advantages of online sales channels for specialty commercial deep fryers is that they make it easier for customers to compare and select products based on their specific needs. Customers can easily access information about product features, technical specifications, and pricing, and compare different brands and models to find the one that best meets their requirements. This can help to streamline the purchasing process, and ensure that customers are able to find the product that is best suited to their needs.
Further, online sales channels provide manufacturers with a platform to showcase their products to a wider range of customers. With the internet, manufacturers can reach customers in different parts of the world, and promote their products to a global audience. This can help to increase brand awareness, and create new opportunities for growth in different markets.
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The global demand for specialty commercial deep fryers is projected to increase at a CAGR of 3.8% during the forecast period between 2018 and 2022, reaching a total of USD 2,154.7 million in 2033. According to Future Market Insights, a market research and competitive intelligence provider, the Specialty Commercial Deep Fryers market was valued at USD 1,055.8 million in 2022.
The growing popularity of ethnic foods, especially Asian and Latin American cuisines, is one of the major trends expected to augment the growth of the specialty commercial deep fryers market. These cuisines have gained immense popularity globally due to their unique flavors, textures, and cooking techniques, which often involve deep-frying.
Also, specialty commercial deep fryers, such as woks and tempura fryers, are specifically designed to handle these types of dishes, making them more attractive to restaurant owners and chefs. For instance, woks are a versatile cooking tool commonly used in Chinese cuisine for stir-frying, deep-frying, and steaming. Specialty commercial wok fryers have a deep and wide bowl-shaped design, allowing chefs to cook multiple ingredients quickly and efficiently.
Similarly, tempura is a popular Japanese dish that involves deep-frying battered seafood and vegetables. To prepare this dish correctly, chefs require a specialized tempura fryer that has a precise temperature control mechanism and a large frying basket to prevent overcrowding. As the demand for ethnic foods continues to rise, restaurant owners and chefs are increasingly investing in specialty commercial deep fryers that can handle these dishes efficiently. This trend is expected to boost the growth of the specialty commercial deep fryers market, particularly for woks and tempura fryers.
Moreover, as consumers become more adventurous with their food choices, the demand for ethnic cuisines is expected to continue to rise, further fueling the demand for specialty commercial deep fryers. Additionally, with the rise of food delivery services and the growing number of restaurants offering delivery options, the demand for commercial deep fryers is expected to increase to meet the demand for fried food items.
Increasing Demand for Specialty Foods to Fuel the Market Growth
Specialty foods are becoming increasingly popular as consumers seek unique and high-quality food experiences. Ethnic cuisines, gourmet fried foods, and healthy snacks are some of the specialty food categories that are witnessing strong demand in the market.
To cater to this demand, restaurants and foodservice establishments are investing in specialized equipment such as Specialty Commercial Deep Fryers. These fryers are designed to meet the unique requirements of specialty foods, such as lower oil absorption, quicker cooking time, and temperature control, making them an essential tool for foodservice establishments looking to serve specialty foods.
In addition, the increasing popularity of street food and food trucks is also driving the demand for specialty commercial deep fryers, as these establishments require fryers that are portable, compact, and efficient. Thus, the increasing demand for specialty foods is expected to bolster the growth of the Specialty Commercial Deep Fryers Market during the forecast period.
Growing Number of Quick-Service Restaurants to Accelerate the Market Growth
Quick-service restaurants (QSRs) are a growing segment of the foodservice industry, driven by changing consumer preferences and busy lifestyles. QSRs require specialized commercial deep fryers that can meet their high-volume cooking needs while maintaining quality, consistency, and efficiency. Specialty commercial deep fryers with features such as multiple baskets, programmable controls, and oil filtration systems are specifically designed to meet the unique requirements of QSRs.
In addition, the growing trend of online food ordering and delivery is also driving the demand for specialty commercial deep fryers, as QSRs seek to meet the demand for fried food items from customers who order food online. The increasing number of QSRs, especially in emerging markets such as China and India, is therefore expected to foster the growth of the Specialty Commercial Deep Fryers Market in the forthcoming years.
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High Costs Associated with the Fryers to Restrain the Market
Specialty commercial deep fryers can be expensive to purchase and maintain, which could limit their adoption by smaller foodservice establishments that have limited budgets. These fryers are designed to meet specific needs and requirements of foodservice establishments, and hence, come with a higher price tag.
Additionally, the maintenance and repair costs associated with these fryers are also high. This could make it difficult for smaller establishments to invest in these fryers, as they may not have the necessary funds to make such a large purchase. As a result, these establishments may opt for cheaper alternatives that may not be as efficient or effective.
Furthermore, there are several alternatives to deep frying, such as grilling, baking, and air frying, which can produce similar results with less oil and fat. The availability of these substitutes is another major factor that could hinder the demand for specialty commercial deep fryers. For instance, air fryers use hot air to cook food, which can produce crispy results without the need for oil. This makes them a popular choice among health-conscious consumers who want to reduce their intake of fat and calories.
Similarly, grilling and baking are also popular cooking methods that can produce similar results to deep frying. As a result, foodservice establishments may opt for these alternatives instead of investing in specialty commercial deep fryers, which could limit the growth of the market.
Increasing Number of Fast-Food Chains in North America to Fuel the Market Growth
The specialty commercial deep fryers market in North America is expected to accumulate the highest market share of 33.0% in 2023. Fried food products such as chicken, French fries, and onion rings remain popular in North America, which is driving the demand for specialty commercial deep fryers in the region. In addition, the increasing number of fast-food chains and quick-service restaurants in the region is creating a significant demand for specialty commercial deep fryers in North America.
Additionally, the development of new technologies, such as smart fryers that use artificial intelligence to monitor and control the frying process, is improving the efficiency and safety of deep fryers. Also, with rising energy costs, manufacturers are developing fryers that use less oil, reducing energy consumption and operating costs. These factors are anticipated to boost the regional market growth in the near future.
Moreover, the adoption of automation and digitization in the foodservice industry is creating new growth opportunities for the regional market. Moreover, increasing demand for convenience and time-saving cooking equipment is another factor that is likely to escalate the regional market growth.
Increasing Concerns for Food Quality & Safety in the Region to Fuel the Market Growth
The specialty commercial deep fryers market in Asia Pacific is expected to accumulate the highest market share of 25.0% in 2023. As disposable income increases in Asia Pacific, people are more likely to dine out and indulge in fried food products, which is driving the demand for specialty commercial deep fryers in the region. In addition, the popularity of food trucks is on the rise in Asia Pacific, which is creating new growth opportunities for the regional market.
Furthermore, with growing concerns about food quality and safety, foodservice establishments are investing in high-quality cooking equipment, such as specialty commercial deep fryers, to ensure that they can deliver safe and delicious food to their customers.
The hospitality industry, which includes hotels, resorts, and catering companies, is expanding in the Asia Pacific, which is driving regional market prospects. These establishments require high-capacity fryers to meet the demands of their customers, and specialty commercial deep fryers offer a convenient and efficient solution.
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Electric Segment to beat Competition in Untiring Market
On the basis of fuel type, the market is dominated by Electric segment, which is expected to hold a CAGR of 6.6% over the analysis period. The electric fryers are easy to operate, maintain, and clean, making them an attractive option for foodservice establishments of all sizes. The electric segment is also expected to witness growth due to the increasing availability of compact and portable electric fryers, which are ideal for small restaurants, food trucks, and home kitchens.
Furthermore, the governments in several countries are implementing regulations to reduce greenhouse gas emissions and promote energy efficiency. This has led to the development of more energy-efficient electric fryers, which are expected to drive the growth of the electric segment.
Additionally, with increasing awareness about healthy eating habits, there is a growing demand for low-fat and oil-free cooking options. Electric fryers that use air frying technology to cook food without oil are becoming increasingly popular among health-conscious consumers.
Quick-Service Restaurants Segment to Drive the Specialty Commercial Deep Fryers Market
Based on end-user, the quick-service restaurant segment is expected to expand at a 6.5% CAGR over the analysis period. Consumers in North America are increasingly turning towards quick and convenient food options, which has led to the growth of the QSRs segment. Specialty commercial deep fryers play a crucial role in QSRs as they enable fast and efficient cooking, helping these establishments meet the growing demand for quick-service food.
Moreover, the online food ordering and delivery market in North America is witnessing significant growth, creating new opportunities for QSRs. Specialty commercial deep fryers enable QSRs to prepare large volumes of fried food products quickly and efficiently, which is essential for meeting the demands of online food ordering and delivery customers.
QSRs are under constant pressure to reduce operational costs and increase efficiency. Specialty commercial deep fryers offer a cost-effective and energy-efficient solution for frying food products, which is driving their adoption in QSRs. Additionally, the QSRs market in North America is expanding, with new players entering the market and existing players expanding their operations. This is driving the demand for high-capacity cooking equipment, such as specialty commercial deep fryers, in the QSRs segment.
Specialty Commercial Deep Fryers Market startup players are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential patients and create a larger customer base. For instance,
Prominent players in the specialty commercial deep fryers market are Electrolux AB, The Middleby Corporation, Falcon Foodservice Equipment, Illinois Tool Works Inc., Guangdong Rongsheng Electric Holding Co. Ltd., Standex International Corporation, Avantco Equipment, De’Longhi S.p.A., WinCo Foods, Inc., National Presto Industries, Hatco Corporation, and Frymaster, among others.
Recent Developments:
The market is worth USD 1.126.5 million in 2023.
The market is set to thrive at a 6.7% CAGR from 2023 to 2033.
Asia Pacific holds 25.0% of the market share in 2023.
The electric segment leads, expanding at a 6.6% CAGR from 2023 to 2033.
The quick-service restaurant segment dominates, with a 6.5% CAGR till 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 Fuel-Type 5.1. Natural Gas 5.2. Liquid Propane 5.3. Electric 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Heat Distribution Type 6.1. Tubes & Baffles 6.2. Open Pot 6.3. Flat Bottom 6.4. Ribbon Element 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Quick Service Restaurants 7.2. Hotels 7.3. Cafeteria 7.4. Food Trucks 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East & Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Electrolux AB 16.2. The Middleby Corporation 16.3. Falcon Foodservice Equipment 16.4. Illinois Tool Works Inc. 16.5. Guangdong Rongsheng Electric Holding Co. Ltd 16.6. Standex International Corporation 16.7. Avantco Equipment 16.8. De'Longhi S.p.A. 16.9. WinCo Foods, Inc. 16.10. National Presto Industries 17. Assumptions & Acronyms Used 18. Research Methodology
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Specialty Commercial Deep Fryers Market
