San Francisco, 15 February, Deep Fryers Market Size, Share & Trends
Analysis Report By Type (2L, 2L-5L), By Product (Commercial, Household), By
Distribution Channel (Direct, Distributors, E-commerce), And Segment Forecasts,
2019 – 2025.
The global deep fryer market size is expected to reach
USD 625.1 million by 2025, expanding at a CAGR 2.8% over a forecast period,
according to a new report by Grand View Research, Inc. The market is
anticipated to be driven by growing fast food industry and popularity of
E-commerce retail. Moreover, high demand for the product from North America
owing to rising preference for convenience food and on-the-go fast food is
propelling the market.
Consumers supplement their
regular meals with fried food products, such as fried chicken and French fires
among various other products. Thus, changing consumer lifestyle, especially in
terms of eating habits, and rising need for ready to eat food are expected to
drive the demand in the region, which, in turn, is likely to boost global
market over the forecast period. In addition, consumers are also becoming
increasingly aware regarding health and wellness and, thus, are preferring food
fried at home as opposed to fried food sold at fast food chains. This is
expected to positively impact the demand for small deep fryers, such as the
ones with a two-liter frying capacity, over the forecast period.
On the basis of product,
commercial deep fryer held the largest market share in 2017. Changing dynamics
of fast food market are expected to positively impact the demand for these
products during the forecast period. Over the past few years, there has been a
diversity in fast food restaurants. Players such as Wendy's, Chick-fil-A,
Burger King, Kentucky Fried Chicken (KFC), and McDonald's among others are operating
in the fast food market. These companies are continuously expanding their
market reach and inaugurating new stores across the globe. Such fast food
chains are the major consumers of deep fryers.
2 liter to 5 liter was the
dominant segment on the basis of type of deep fryers. Growing fast food
industry across the globe is projected to boost the demand over the forecast
period. There are certain concerns among consumers regarding the ill-effects of
fried food consumption. To mitigate such concerns, food chains market their
products as safe and free from artificial colors. This trend is expected to
influence customers to consume fried food, which is anticipated to bode well
for the overall market growth.
Access Full Research
Report On Deep Fryers Market Analysis:
Further key findings from the report suggest:
·
North America dominated the
global deep fryer market in 2017. However, Asia-Pacific is anticipated to
witness the fastest CAGR of 3.5% during the forecast period from 2018 to 2025
·
China is the fastest growing
country in the Asia Pacific market on account of growing popularity of ready to
eat food, rising disposable income, and enhancing standard of living
·
E-commerce distribution channel
segment is potentially fueling the market growth owing to the increasing number
of internet users globally
·
Companies undertake various
strategic initiatives to boost their market share. For instance, in January
2017, National Presto Industries, Inc. announced the sale of the assets of its
absorbent product segment, Presto Absorbent Products, Inc. (PAPI), to Drylock
Technologies, Ltd. a private Belgian company that manufactures and sells
private adult incontinence, feminine hygiene, and label diaper products in
Europe.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the
global deep fryer market on the basis of type, product, distribution channel,
and region:
Deep Fryer Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
2L
·
2L-5L
·
5L-8L
·
8L-14L
·
Over 14L
Deep Fryer Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Commercial
·
Household
·
Others
Deep Fryer Distribution Channel
Outlook (Revenue, USD Million, 2014 - 2025)
·
Direct Sales
·
Distributers
·
E-commerce
·
Others
Deep Fryer Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-deep-fryers-market
www.grandviewresearch.com/press-release/global-deep-fryers-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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