The global commercial deep fryer market is expected to reach $583m (£415m) by 2024, it has been stated.
Analysts think the sector will see CAGR of close to 6% over the next five years, driven by the increasing number of food outlets and QSRs.
Major players are launching fryers with innovative features such as built-in filtration systems and low oil usage, while vendors are joining hands with other industry players to develop efficient deep fryers.
The tube fryer segment has captured the most substantial portion of the commercial fryer market, growing at a CAGR of close to 6% during the forecast period, according to analysts.
Tube fryers are generally used for heavy-duty usage and are mostly used in North America, followed by MEA and Latin America as they are expected to disrupt the dominance of western brands such as McDonald’s, KFC, and Subway.
The commercial deep fryers market by category is segmented into gas, electric, and pressure fryers.
Gas operated deep fryers account for the largest segment due to the high demand from food giants such as KFC, Burger King, and McDonald’s.
Further, the rising number of QSR chains in emerging economies is expected to fuel the growth of commercial gas fryers during the forecast period.
The commercial deep fryer market by configuration is divided into floor standing, built-in, and countertop.
The floor standing commercial deep fryers segment dominated the deep fryer market as they are used across food service establishments.
They are equipped with advanced technologies, including accelerated temperature recovery, automatic cooking functions, and advanced filtration systems.
These advanced features are improving the efficiency of these fryers, thereby boosting the growth commercial deep fryer market. QSRs, main dining and retail are major end-users of the commercial deep fryer market.
The QSR segment accounts for the largest share, especially in North America. QSR operators typically prepare cooked food in bulk and need to be served quickly. Hence, deep fryers help to fasten the frying process.