Global Residential Electric Fryers Market 2017-2021

Overview of the global residential electric fryers market

As per the Technavio’s market research report, the global residential electric fryers market is expected to grow at a steady rate and post a CAGR of more than 9% during the forecast period. The growing awareness about wellness, obesity, and health consciousness among consumers will drive the growth prospects for the global residential electric fryers market from 2017-2021. The growing awareness of the benefits of residential electric fryers among consumers in developed markets such as Germany, the UK, Canada, the US, France, Italy, Japan, Spain, and Australia will boost the purchase rate of these products. Also, with the rising awareness about wellness, obesity, and health among consumers, the market is experiencing a huge shift from deep fat fryers towards the adoption of alternative fryers such as air fryer that contain and prepare fast foods having less amount of fat.

During 2016, the global residential electric fryers market was dominated by the Americas and the region is expected to remain dominant throughout the predicted period as well. The easy availability of these products in specialty stores, hypermarkets, supermarkets, convenience stores, and warehouse clubs in the Americas will increasingly encourage customers to purchase residential electric fryers products. Moreover, the introduction of commercial and professional quality appliances for residential purposes will also fuel the market’s growth prospects in this region.

Competitive landscape and key vendors