Global frozen potato market is estimated to bring in US$ 60,109.5 million revenue by 2022 end. Demand for frozen potato is expected to grow at a CAGR of 4% during the forecast period.
Frozen potato is a processed form of potato. Frozen potatoes are usually stored at an extremely low temperature to protect and preserve it for a long time. These potatoes are available in various forms such as flakes, fries, wedges, etc. However, French fries are the highest consumed frozen potato product across the globe. Along with frozen potato, other frozen foods are also becoming a convenient choice among the consumers.
Manufacturers of frozen potato are using innovative technologies to speed up the process involved in producing various frozen potato products. Frozen potato product manufacturers are also introducing new products and flavors to attract consumers, remain competitive and expand geographically.
The major benefit for consumers is the reduced cooking time. Advanced refrigeration technology is also gaining momentum in the frozen potato manufacturing. Frozen potato products are also experiencing increased demand from developing nations, hence providing opportunities for expansion for major market players as well as startups.
French fries being the largest consumed frozen potato product, companies are focusing on introducing new flavors, enhancing the sale. Expansion of fast food chains is also one of the reasons to the growth of frozen potato market. However, the high cost of frozen potato products is restricting the growth of the market.
The growing business of quick service restaurants and increase in disposable income of consumers are some of the key factors fueling the growth of frozen potato market globally.
Manufacturers are also focusing on using advanced technology for refrigeration at the right temperature, thereby preserving frozen potato for a longer period of time.
Fries- Top-Selling Frozen Potato Product
Compared to the various frozen potato products such as slices, dices, baked, etc., fries are likely to emerge as the top-selling frozen potato product. By 2022 end, fries are estimated to reach nearly US$ 19,000 million revenue. On the other hand, wedges are also likely to experience growth in the global frozen potato market throughout the forecast period.
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Commercial Sector to Gain Maximum Revenue Share
The commercial sector is estimated to gain around three-fifth of the share in terms of the revenue by 2017 end. The commercial sector is estimated to surpass US$ 38,000 million revenue towards 2022 end. Although the residential sector is likely to gain nearly two-fifth of the share in terms of the revenue by 2017 end.
Modern Trade to be the Largest Distribution Channel
Modern trade is likely to experience the highest growth as the distribution channel for frozen potato. By 2022 end, modern trade is estimated to reach nearly US$ 25,200 million revenue. Modern trade is also likely to gain more than one-third of the share in terms of the revenue towards 2017 end.
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The report also profiles companies that are expected to remain active in the expansion of global frozen potato market through 2022, which include
- Lamb-Weston Holdings Inc.
- McCain Foods
- J.R. Simplot Co.
- American Lorain Corp.
- Aviko Holding BV
- Himalya International Ltd
- Agrarfrost Holding GmbH & Co. KG
- Kraft Heinz Co.
- Pohjolan Peruna Oy
- Agristo NV
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
With the popularity of western style cuisine, frozen potato products are being consumed on a large scale worldwide. Fast food industry is also growing rapidly, hence manufacturers are providing frozen potatoes in various shapes and size such as french fries.
Manufacturers are also investing into research and development new technologies that can help to keep frozen potatoes fresh for a long time. This report, published by Fact.MR, provides in-depth analysis of the global frozen potato market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global frozen potato market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Frozen potato manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to frozen potato.
The report commences with a brief information of the global frozen potato market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global frozen potato market.
The next section offers an overview of the global frozen potato market. This comprises an introduction to the market, along with a standard definition of the product – frozen potato. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global frozen potato market, the report provides updates about market opportunities, which can benefit leading manufacturers of frozen potato. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for frozen potato manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the broad scope of the global frozen potato market, the report provides in-depth and segment-wise analysis. The global frozen potato market is segmented on the basis of product type, end user, distribution channel, and region. This segmentation also offers country-wise forecast on all the key parameters of the frozen potato market.
The report’s last section comprises of the global frozen potato market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global frozen potato market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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