Rockville, Feb. 06, 2023 (GLOBE NEWSWIRE) -- The recent research analysis by Fact.MR on the global market for frozen French fries provides a thorough overview of the industry’s product, end-user, and region categories. It also offers comprehensive details on important players and the crucial tactics they are turning to for gaining an upper hand over their competitors.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global frozen French fries market is anticipated to reach a valuation of US$ 36.5 billion by the end of 2033, expanding at a CAGR of 4.5% across the assessment period (2023 to 2033).
| Report Attributes | Details |
| Market value in 2023: | US$ 23.5 Billion |
| Projected to reach 2033: | US$ 36.5 Billion |
| CAGR: | 4.5% |
| Base Year Considered: | 2023 |
| Forecast Period: | 2023-2033 |
| Largest Market: | United States |
| Segments Covered: | Product, Application, and Region |
| Activated Carbon Key Players: | Kroger, JR Simplot, Farm Frites, Aviko, Al-Salam Cooling Co., Albert Bartlett, and Sons |
French fries are manufactured from potatoes. They are prepared and served hot and in different shapes, including thin strips, curly, and waffles. Moreover, they are served with salsa, mayonnaise, ketchup, and others and are extremely popular around the world. French fries can be either deep-fried or baked.
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Growth of the global market is attributed to the increasing count of companies providing online food delivery services, including Food Panda, Swiggy, Uber Eats, and others. They have made ordering food items an easy and convenient task. In addition, rising product launches by prominent market players are predicted to push the market forward.
For instance,
- Aunt Bessie is a frozen chip brand that is based in the United Kingdom. The company added novel products to its portfolio of frozen potatoes, which included French fries and seasoned potato wedges.
Nowadays consumers are looking for food that is easy to prepare and instantly available. French fries are popular around the world as they are the most likable snacks among all types of age groups. Youngsters are the key consumers of frozen French fries. In certain places in North America, French fries are one of the most commonly consumed dishes. They are also served with fish and can be prepared at home. In addition, frozen French fries are a nice Sunday evening snack to share with family or friends.
On the other hand, increasing incidence of obesity around the world has resulted in rising awareness related to healthy eating habits. The excessive consumption of frozen French fries can lead to various cardiovascular diseases. Thus, these health-related factors are anticipated to limit the adoption of frozen French fries to some extent.
Key Takeaways from Market Study
- The global frozen French fries market has been forecasted to expand at a CAGR of 4.5% through 2033.
- The Canadian market is estimated to increase at a CAGR of 3.7% during the forecast period (2023 to 2033).
- Demand for frozen French fries in Germany is projected to advance at a CAGR of 3.5%.
- The global market is valued at US$ 23.5 billion in 2023.
- Worldwide sales of frozen French fries are predicted to reach US$ 36.5 billion by 2033-end.
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Competitive Landscape
Key manufacturers of frozen French fries are incorporating several strategies, including new product launches, partnerships, product development, and others to gain a competitive edge.
For instance,
- McCain, in June 2022, announced the launch of its new Farm of Future Africa in the world food chain.
- The Kraft Heinz Co. and Simplot Food Group, in February 2022, entered into a deal. According to the deal, Simplot, which is situated in Boise, Idaho, will become the sole producer as well as supplier of the Ore-Ida brand of Kraft Heinz.
- McCain Foods, in July 2020, announced that the company is aiming to turn the French fry into a more sustainable Canadian staple.
Prominent suppliers of frozen French fries are Kroger, JR Simplot, Farm Frites, Aviko, Al-Salam Cooling Co., Albert Bartlett and Sons, 11er Nahrungsmittel GmbH, and Agristo NV.
Segmentation of Frozen French Fries Industry Research
- By Product :
- White Potato Fries
- Sweet Potato Fries
- By Application :
- Food Service
- Household
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global frozen French fries market for the period of 2023 to 2033.
The study divulges essential insights into the market on the basis of product (white potato fries, sweet potato fries), application (food service, household), and across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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Frozen Potato Market: In FY 2021, the frozen potato market reached a valuation of US$ 57.8 Billion, and is likely to register a Y-o-Y growth rate of 5.0% in 2022, closing at US$ 61.27 Billion. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 6.0% CAGR, reaching US$ 109.72 Billion.
Non-Potato Veggie Chips Market: The global no-potato veggie chips market is expected to grow with a CAGR of 4.8% in the forecast period. The market at present is valued at USD 3.87 Billion in 2022. Non-potato veggie chips market is anticipated to reach a valuation of USD 6.18 Billion by end of 2032.
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