- The key vendors in the global electric fryer market 2015-2019 are Philips, Tefal by Groupe SEB, Cuisinart, Waring, Havells, and Kenstar.
London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global electric fryer market 2015-2019. One of the key trends being witnessed in this market is the increased use of electric appliances in emerging nations. People in developing markets, especially in the higher income segments, are increasingly adopting electric and technologically advanced products. With high Internet usage through smartphones and computers, more consumers are purchasing goods online in these emerging markets. The global electric fryer market is expected to grow at a CAGR of 9.28% during the forecast period of 2014-2019.
Online sources for easy recipes and cooking channels are making consumers spend more time and resources in home cooking. Consequently, the demand for appliances such as electric fryers that facilitate cooking also increases. Air fryers use less oil and offer low-fat food, thus attracting health conscious consumers with strong value propositions.
“With growing health risks across the globe, the individuals are focusing on maintaining balanced diets, eating home-cooked food, and hence are purchasing appliances such as fryers that fry food without the use of excess fats,” says Faisal Ghaus, Vice President of Technavio Research.
“Around 75% of Americans who cook at home invest in electric appliances such as electric fryers, which help save time and require low maintenance.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Electric Fryer Market 2015-2019, please send an e-mail to media@TechNavio.com
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