Commercial Fryer Market in the US 2017-2021
About Commercial Fryer
Commercial fryers are used to deep fry food products. The commercial fryer market in the US consists of both electric and gas commercial fryers, and on the basis of product placement, it has been classified as countertop and floor-standing models. Commercial fryers are used by many end-user segments in the country such as quick service restaurants (QSRs), hotels, restaurants, cafés, bakeries, food trucks, schools, colleges, amusement parks, kiosks, catering companies, clubs, and pubs.
Technavio’s analysts forecast the commercial fryer market in the US to grow at a CAGR of 5.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the commercial fryer market in the US for 2017-2021. To calculate the market size, the report considers the end-users such as QSRs, hotels, restaurants, cafés, bakeries, food trucks, schools, colleges, universities, amusement parks, kiosks, catering companies, clubs, and pubs.Technavio's report, Commercial Fryer Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Commercial Fryer Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the commercial fryer market in the US: Frymaster, Henny Penny, PITCO, Ultrafryer Systems, and Vulcan.
Other Prominent Vendors in the market are: ANETS, APW Wyott, Avantco Equipment, Falcon Foodservice Equipment, FriFri, Giles Foodservice Equipment, Grindmaster-Cecilware, Lincat, Perfect Fry, SAPIDUS, Southbend, The Vollrath Company, Waring, and Wells, Bloomfield.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of RTD sensor to ensure food consistency. The consistency of food items is a critical requirement for all foodservice establishments in the country. This can be achieved by maintaining the precise temperature during the repeated cooking cycles. With commercial fryers, temperature sensing and measurement are crucial for best cooking results.”
According to the report, one driver in the market is high profit margins from fried food products. Fried food products account for a profit margin of around 75%. The high profit margins associated with fried food items help foodservice establishments in the country to generate significant revenues from them. Due to this, foodservice establishments in the country may increase their investment in commercial fryers, which will propel the market growth in the country during the forecast period. Deep-fried food products such as chicken strips, French fries, and onion rings are some of the highly consumed fried food products in the US. For instance, in 2014, KFC earned around $0.5 per piece of chicken.
Further, the report states that one challenge in the market is high initial price of ENERGY STAR-certified models. The high initial price of ENERGY STAR-certified models of commercial fryers creates a need for high initial investment on commercial fryers. These commercial fryers also require appropriate maintenance to offer maximum productivity. For the installation of ENERGY STAR-certified models of commercial fryers, end-users need to install power rating switch socket outlets in commercial kitchens. Federal Energy Management Program (FEMP) provides guidelines for manufacturers of commercial fryers in the US. ENERGY STAR efficiency requirements are applied to commercial fryers that are 12 inches to 24 inches wide.
Frymaster, Henny Penny, PITCO, Ultrafryer Systems, Vulcan, ANETS, APW Wyott, Avantco Equipment, Falcon Foodservice Equipment, FriFri, Giles Foodservice Equipment, Grindmaster-Cecilware, Lincat, Perfect Fry, SAPIDUS, Southbend, The Vollrath Company, Waring, and Wells, Bloomfield.