Deep Fryer Market worth USD 510.5 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Deep Fryer Market by Sales Channel (Offline and Online), by End User (Residential and Commercial), and by Region - Global Trends, Market Share, and Forecast to 2027". The global deep fryer market was valued at USD 510.5 million in 2020 to USD 651.87 million by 2027, at a CAGR of 3.0% from 2021 to 2027.  Continuous innovation in product performance and functionality, along with constant consumer feedback, allowed active players in the market to sustain in the highly competitive business. Moreover, innovation of deep fryers, including but not limited to thermostats, timers, and automation, attracts a large consumer base. Identifying the driving forces behind the consumer perception changes is a key component to understand how engaged stakeholders adapt to evolving market nature. The deep fryer market has seen significant technological advancement in the last few years. Electronic temperature control devices for deep fryers are the latest innovations in the market. Temperature-controlled deep fryers save significant energy utilization and prevent fires by continuously sensing, monitoring, and adjusting the temperature of the deep fryers. Such technological advancements will continue to provide opportunities in the upcoming years.

Global Deep Fryer Market Segmentation

The overall deep fryer market has been segmented into the sales channel, end user, and region.

• By Sales Channel (Offline and Online)
• By End User (Residential and Commercial)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Offline, by distribution channel, is estimated to hold the largest market share during the forecast period

Based on distribution channels, the global deep fryer market is segmented into offline and online channels. The offline channel leads in market share; however, consumers from the residential segment are now extensively using the online channel for buying deep fryers; offline has a market share of 88.3% in 2020 and a CAGR of 2.8% during the forecast period. In addition, leading players in the deep fryers market are strengthening their digital presence to cater to the growing demand from consumers.

Offline channels are retail outlets that focus on selling a particular product range and associated items. Offline channels enjoy a dominant presence in all types of kitchen appliances market. Most Offline channel operators maintain considerable depth in the type of product that they specialize in selling, usually at premium prices, in addition to providing higher service quality and expert guidance to shoppers. Consumers typically prefer to analyze and evaluate the product before purchase; thereby, boosting the retail sales of the kitchen appliances market through offline channels. Customers often check the working of appliances in the stores and the type of accessories compatible with them. Thus, the offline channel constitutes a major share in the deep fryer market.

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The Asia Pacific accounts for the largest market share during the forecast period in the deep fryer market

Based on the regions, the global deep fryer market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific was accounted for the highest market share of 37% in the global deep fryer market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and North America.

Asia-Pacific serves as one of the most lucrative air fryer market markets, owing to the rise in automation in commercial kitchens and developing economies such as China and India. Moreover, countries in this region have adopted air fryers due to technological advancements, the emergence of new business models such as e-commerce, and the development of the hospitality sector. In addition, the presence of a large population base, increase in household income, and rise in middle-class population in this region are the major factors that supplement the market growth. In the Asia Pacific, China is accounted for the highest market revenue share of 41.5 in 2020.

Major companies in the global deep fryer market are Allscripts Healthcare Solution, Inc., Cerner Corporation, Cisco Systems, eCLINICALWORKS, General Electric Company, Koninklijke Philips N.V., Honeywell International Inc., Mckesson Corporation, Siemens Healthcare AG, and Qualcomm Technologies, Inc.

Browse complete report: https://www.marketstatsville.com/deep-fryer-market

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