250 Pages Frozen Potato Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Frozen Potato. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Frozen Potato Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Frozen Potato market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Frozen Potato
This newly published and insightful report sheds light on Market Insights of Frozen Potato, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Frozen Potato Market.
Newly released data from the frozen potato market analysis shows that global demand enjoyed a year-on-year growth of 3.9% to reach US$ 57.8 Bn in 2021, up from US$ 55.5 Bn in 2020. Revenues in the frozen fries segment are likely to remain elevated, yielding over 2/5th of the market revenue, while sales across the modern trade segment is likely to total US$ 25 Bn.
| Market Size Value in 2021 | US$ 57.8 Bn |
| Projected Market Forecast Value by 2031 | US$ 103.5 Bn |
| Global Growth Rate (2021 to 2031) | 6% |
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Key Segments Covered
· Product Type
-
- Frozen Potato Fries
- Frozen Potato Wedges
- Frozen Stuffed Potatoes
- Frozen Potato Chunks
- Frozen Potato Slices
- Frozen Potato Dices
- Frozen Baked Potato
- Other Frozen Potato Types
· End User
-
- Frozen Potato for Commercial Use
- Frozen Potato for Residential Use
· Distribution Channel
-
- Frozen Potato Sales via Modern Trade
- Frozen Potato Sales via Grocery Stores
- Frozen Potato Sales via Convenience Stores
- Online Frozen Potato Sales
- Frozen Potato Sales via Other Distribution Channels
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Competitive Landscape
Prominent manufacturers of frozen potato products emphasize on augmenting their regional manufacturing and distribution capabilities by expanding their production units in lucrative regions. Furthermore, certain players offer a diverse range of products to cater to specific requirements.
- In April 2021, McCain Foods Limited announced it had decided to localize production in Russia to supply customers with processed French Fries and other specialty potato appetizers, for which the company has announced US$ 150 million in investment. The objective is to reduce Russia’s dependence on frozen food imports
- Bart’s Potato Company is a prominent frozen potato products manufacturers. The company offers four distinct categories of frozen French Fries- Shoestring, Straight Cut, Steakhouse and Crinkle Cut respectively
- Since 2016, American Lorain Corp. has been collaborating with TaiMei Potato Industry Ltd. in China. Under this agreement, the latter has agreed to manufacture Lorain’s brand of French Fries. TaiMei offers a range of frozen potato products, including straight cut fries, mashed potato and wedges
Key Takeaways from the Market Study
- Global market for frozen potato to be valued at US$ 57.8 Bn by 2021
- By product, frozen potato fries to generate US$ 19 Bn in value, yielding 41% revenue
- 3 out of 5 frozen potato sales to occur across the commercial sector
- By distribution channel, modern trade is likely to account for 33% revenue
- India to be the fastest growing market for frozen potatoes, clocking a CAGR of 7%
- Germany to be the most lucrative market across Europe, growing at 5% CAGR
“Rising prevalence of fast-paced lifestyles has augmented demand for fast food, with a significantly large proportion of global population opting for vegetarian alternatives, widening growth prospects for frozen potatoes,” comments a Fact.MR analyst.
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- Market Insights of Frozen Potato
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More Valuable Insights on Frozen Potato Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Frozen Potato, Sales and Demand of Frozen Potato, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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