Frozen Potato Fries Market size to grow by USD 7.37 billion from 2022 to 2027|Rising demand for ready-to-cook (RTC) food options to be one of the major market trends - Technavio
NEW YORK, July 5, 2023 /PRNewswire/ -- The frozen potato fries market size is estimated to increase by USD 7.37 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.84%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report
The report also covers the following areas:
Frozen Potato Fries Market 2023-2027: Segmentation
The frozen potato fries market is segmented as follows:
Product
Application
Geography
The market share growth by the white potato fries segment will be significant during the forecast period. White potato fries are a generally consumed side dish made from potatoes. Frozen white potato fries are easy to prepare, requiring minimal effort. Frozen potato fries deliver comfort and time-saving advantages as a snack option. They are pre-cut and pre-cooked and require minimal preparation. White potato fries have gained popularity worldwide and are a staple in many cuisines. Thus, the global demand drives the production and availability of frozen potato fries in various markets, which fuels the growth of the global frozen potato fries market during the forecast period.
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Frozen Potato Fries Market 2023-2027: Vendor Analysis and Scope
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, the frozen potato fries market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Agristo NV, BELFAS BVBA, ChillFill, Conagra Brands Inc., Cooperatie Koninklijke Cosun UA, FUNWAVE FOODS LLP, GlobalFries, Golden Fries, Gujarat Cooperative Milk Marketing Federation Ltd., Himalaya Food International Ltd., J.R. Simplot Co., Kolvean Agro Food Pvt. Ltd., Lamb Weston Holdings Inc., McCain Foods Ltd., Mondial Foods B.V., RedLuck International Pvt. Ltd., Sushil Frozen Agro Processing Pvt. Ltd., TAZO Foods Pk, The Kraft Heinz Co., and Wernsing Feinkost GmbH.
Vendor Offerings
Agristo NV - The company offers frozen potato fries, such as french fries, in various shapes and sizes.
BELFAS BVB A - The company offers frozen potato fries, such as classic french fries.
ChillFill - The company offers frozen potato fries such as french fries, nuggets, and hash brown.
Frozen Potato Fries Market 2023-2027: Market Dynamics
Key Drivers
Increased online presence of frozen potato fries is the major factor notably driving the growth of the global frozen potato fries market.
The development of e-commerce has influenced the online presence of different food products, such as frozen potato fries.
Customers depend on e-commerce platforms and grocery delivery services to conveniently shop for food needs, particularly frozen items, because of the convenience and time-saving benefits.
E-commerce platforms offer a broad range of frozen potato fry brands, flavors, and packaging sizes than physical stores.
Hence, increased online penetration of frozen potato fries will positively impact the growth of the global market during the forecast period.
Major Trends
Growing demand for ready-to-cook (RTC) food options is the emerging trend shaping the global frozen potato fries market.
As a result of the changing lifestyles and consumer preferences is a high demand for ready-to-cook food. Ready-to-cook food offers options to busy people or families who may not have the time to cook a meal from scratch.
But these meals typically come with pre-measured ingredients and easy-to-follow instructions, letting consumers prepare a meal quickly and smoothly.
Moreover, due to the hectic schedules and varying lifestyles of customers, they are looking for ways to save time.
Hence, resulting from the high demand for RTC food, the global frozen potato fries market is anticipated to witness growth during the forecast period.
Significant Challenges
The supply chain complexity of frozen potato fries is a major challenge that may impede the global frozen potato fries market.
The various stages of supply chain management are freezing, packaging, and distribution.
The supply chain process required, specifically dealing with perishable goods to maintain product integrity and coordination.
Maintaining a constant and proper temperature throughout the supply chain is required to control thawing or freezing.
Hence, managing the supply chain of frozen potato fries poses a major challenge for the market, especially in rural areas across developing economies, which may impede the growth of the global frozen potato fries market during the forecast period.
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Frozen Potato Fries Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist frozen potato fries market growth during the next five years
Estimation of the frozen potato fries market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the frozen potato fries market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of frozen potato fries market vendors
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Frozen Potato Fries Market Scope | |
Report Coverage | Details |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 5.84% |
Market growth 2023-2027 | USD 7.37 billion |
Market structure | Fragmented |
YoY growth 2022-2023(%) | 4.94 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 35% |
Key countries | US, China, Japan, Germany, and UK |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Agristo NV, BELFAS BVBA, ChillFill, Conagra Brands Inc., Cooperatie Koninklijke Cosun UA, FUNWAVE FOODS LLP, GlobalFries, Golden Fries, Gujarat Cooperative Milk Marketing Federation Ltd., Himalaya Food International Ltd., J.R. Simplot Co., Kolvean Agro Food Pvt. Ltd., Lamb Weston Holdings Inc., McCain Foods Ltd., Mondial Foods B.V., RedLuck International Pvt. Ltd., Sushil Frozen Agro Processing Pvt. Ltd., TAZO Foods Pk, The Kraft Heinz Co., and Wernsing Feinkost GmbH |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global frozen potato fries market 2017 - 2021
4.2 Product Segment Analysis 2017 - 2021
4.3 Application Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Product
6.1 Market segments
6.2 Comparison by Product
6.3 White potato fries - Market size and forecast 2022-2027
6.4 Sweet potato fries - Market size and forecast 2022-2027
6.5 Market opportunity by Product
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Food service - Market size and forecast 2022-2027
7.4 Household - Market size and forecast 2022-2027
7.5 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 APAC - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 China - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 UK - Market size and forecast 2022-2027
9.12 Japan - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Agristo NV
12.4 BELFAS BVBA
12.5 ChillFill
12.6 Cooperatie Koninklijke Cosun UA
12.7 FUNWAVE FOODS LLP
12.8 GlobalFries
12.9 Golden Fries
12.10 Gujarat Cooperative Milk Marketing Federation Ltd.
12.11 Himalaya Food International Ltd.
12.12 J.R. Simplot Co.
12.13 Lamb Weston Holdings Inc.
12.14 McCain Foods Ltd.
12.15 Mondial Foods B.V.
12.16 Sushil Frozen Agro Processing Pvt. Ltd.
12.17 The Kraft Heinz Co.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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