Smart Fryer/Deep Fryer Market Size (2023-2030)

The Global Smart Fryer/Deep Fryer Market was estimated to be worth USD 543 Million in 2022 and is anticipated to reach a value of USD 865.46 Million by 2030, growing at a fast CAGR of 6% during the forecast period 2023-2030.

A smart fryer, also known as a deep fryer a kitchen appliance that is used for frying food. Its components include a deep cooking pot, a heating element, and a temperature control mechanism. Further, a smart fryer integrates smart technology such as Wi-Fi or Bluetooth connectivity that provides convenience and enhances cooking results. Moreover, it can be connected to a mobile application that enables users to remotely monitor the frying process. This mobile application helps users to adjust cooking settings, select pre-set programs, and control cooking. Additionally, it enables users to control temperature through precise control mechanisms, thus preventing the meal from overcooking or burning. Recent trends in technology such as the emergence of AI and machine learning models enable users to control the fryer using voice commands like Amazon Alexa or Google Assistant. Furthermore, rising demand for smart home systems has fuelled the market growth for smart fryers/deep fryers.

Global Smart Fryer/Deep Fryer Market Drivers:

Rising demand for smart home technology drives the demand for smart fryers/deep fryers in the market.

The growing popularity of smart home technology has increased due to shifted consumer preferences for convenience. Therefore, consumers are increasingly seeking kitchen appliances with smart technology that can be integrated to home ecosystems. Integrations such as virtual voice assistants help to control fryers using voice commands, making the cooking process seamless and hands-free. Additionally, users can set timers and instructions for frying meals without needing to physically interact with the fryer. Moreover, integration with mobile apps enables users to control and monitor the cooking process remotely, set temperatures, and timers, and alter the pre-set instructions. Furthermore, integration with AI and analytics models helps users to analyze data related to cooking patterns, usage metrics, energy consumption, and others. This provides users with valuable information and helps them make informed cooking decisions.

Demand for energy-efficient appliances has boosted the demand for smart fryers/deep fryers in the market.

Smart fryers/deep fryers offer sustainable cooking options to consumers. These fryers help in reducing oil waste as it is equipped with in-built oil filtration systems that filter the oil and store the used oil for reuse. Further, it cleans the oil and reduces the frequency of oil replacement, thus contributing towards waste reduction and sustainable kitchen practices. In addition, it helps to save costs and extend the lifespan of the oil by minimizing the need to purchase new oil every time. In addition to that, the temperature control feature allows users to set and maintain cooking temperatures, reducing energy waste by preventing temperature fluctuations and overheating. Moreover, automated features such as auto shut-off enable consumers to conserve electricity by turning off the smart fryer when not in use.

Global Smart Fryer/Deep Fryer Market Challenges:

The expensive cost of smart fryers/deep fryers can reduce the demand for smart/deep fryers in the market. Smart fryers are equipped with advanced features and connectivity options that increase production and manufacturing costs, resulting in a higher final cost of the product.

Furthermore, lack of knowledge and technology adaption issues among consumers such as navigation and operating issues, can decline the market demand for smart fryers/deep fryers in the market.

Global Smart Fryer/Deep Fryer Market Opportunities:

The Global Smart Fryer/Deep Fryer Market is anticipated to deliver lucrative opportunities for businesses, which include acquisitions, partnerships, collaborations, product launches, and agreements during the forecasted period. Furthermore, the increasing demand for faster and more convenient cooking solutions is predicted to develop the market for Smart Fryers/Deep Fryers and enhance its future growth opportunities.

COVID-19 Impact on the Global Smart Fryer/Deep Fryer Market:

The pandemic had a significant impact on the smart fryer/deep fryer market. Due to the lockdown, there was an increase in at-home cooking, which led to an increase in demand for smart kitchen appliances such as smart fryers and deep fryers. Additionally, these appliances offered healthy cooking options as they are equipped with oil management systems that enabled users to control oil usage for their meals. Moreover, the increased presence of retail stores on e-commerce platforms increased the demand for smart fryers/deep fryers from e-commerce platforms.

SMART FRYER/DEEP FRYER MARKET REPORT COVERAGE:

Global Smart Fryer/Deep Fryer Market Segmentation:

Global Smart Fryer/Deep Fryer Market Segmentation: By Connectivity

• Wifi-Enabled
• Bluetooth Enabled

Based on market segmentation by connectivity, the Wifi-enabled segment occupies the highest share in the market. Wifi-enabled smart fryers enable users to connect the fryer to the home Wifi network. It can also be connected to a smart home ecosystem that allows users to remotely monitor and control the frying process via a mobile application. Moreover, these fryers allow greater flexibility as they can be controlled from anywhere within the Wifi network. For instance, Philips digitally connected smart fryer allows users to connect it to home Wifi and remotely monitor the recipe via the NutriU app.

The Bluetooth segment is the fastest-growing segment during the forecast period as Bluetooth-enabled smart fryers can be connected to a mobile device using Bluetooth technology. This too like Wifi-enabled smart fryers allows users to remotely monitor and control the frying process. Moreover, the Bluetooth-enabled smart fryer can be connected without the internet, enabling a convenient frying process for users. For instance, Xiaomi’s smart air fryer with Bluetooth connectivity comes with a temperature sensor, micro switch sensor, remote monitoring feature, and overheating protection feature.

Global Smart Fryer/Deep Fryer Market Segmentation: By End-User

• Residential
• Commercial

Based on market segmentation by end-user, the residential segment occupies the highest share of the market. Smart fryers are common among residential or home users as they can cater to various cooking needs of individuals and families. With the growing adoption of smart home devices, consumers are preferring smart fryers with advanced features that offer them convenience, energy efficiency, and affordability. Some of these features include multiple cooking modes for deep frying or air frying, an oil management system, digital access to recipe libraries, pre-programmed cooking instructions, and others.

The commercial segment is the fastest-growing segment during the forecast period. It includes hotels, restaurants, food-service establishments, cafes, and small food outlets. They use smart fryers to handle higher cooking volumes, particularly with higher capacities ranging from 6L to 8 L and above, and with fast heating elements that can cater to increasing food demand by consumers.

Global Smart Fryer/Deep Fryer Market Segmentation: By Material

• Stainless Steel
• Glass
• Plastic
• Non-Stick Material
• Others

Based on market segmentation by material, stainless steel occupies the highest share of the market. Stainless steel smart fryers are among the common and popular choices of fryers due to their durability and excellent heat and corrosion resistance properties. Moreover, it can withstand high temperatures and offers easy cleanability, making it a convenient kitchen appliance solution for consumers.

The non-stick material smart fryer is the fastest-growing segment during the forecast period. Non-stick coated material smart fryers are made up of Teflon or Ceramic materials that provide a smooth and non-porous surface for frying, thus preventing the food from sticking. Moreover, it reduces the need for excess oil and offers easy cleaning to users.

Global Smart Fryer/Deep Fryer Market Segmentation: By Distribution Channel

• Online
• Offline

The offline segment occupies the highest share of the market. The offline segment consists of brick-and-mortar stores, specialty kitchen stores, department stores, and others. These channels allow consumers to purchase from a wide variety of smart fryers as per their requirements and budget. Moreover, these channels allow consumers to check the products in person, analyze their quality and durability, and interact with knowledgeable staff for proper purchase guidance. Additionally, exclusive deals such as exchange offers, discounts, free software upgradation, and others have contributed to the growth of smart fryers/dryers in the market.

The online segment is the fastest-growing segment during the forecast period. It allows consumers to browse through different smart fryer brands, compare the features and prices, read product reviews, and make informed buying decisions.

Global Smart Fryer/Deep Fryer Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Based on market segmentation by region, North America occupies the highest share of the market. Due to technologically advanced kitchen appliances and increasing demand for cooking automation, the demand for smart fryers/deep fryers has increased in the region. Integration of AI algorithms with smart fryers has enabled users to gain accurate cooking data and reduce cooking time by pre-set recommendations and settings. Further, busy lifestyles and long working hours have increased the demand for smart fryers as they provide remote monitoring, temperature control, and smart cooking programs that allow consumers to have a hands-free cooking experience.

Asia-Pacific is the fastest-growing region during the forecast period. Increased Western influence, a rising number of working women, and increased demand for smart home appliances for convenience have boosted the demand for smart fryers/deep fryers in the region.

Global Smart Fryer/Deep Fryer Market Key Players:

1. Philips
2. Xiaomi
3. Kent
4. Cosori
5. Breville
6. Hamilton Beach
7. Akasa International
8. Hendi