A recent report published by
Infinium Global Research on the frozen potato market provides an in-depth analysis of
segments and sub-segments in the global as well as regional frozen potato
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional frozen potato market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global frozen potato market. According to the
report, the global frozen potato market is projected to grow at a healthy CAGR
over the forecast period of 2020-2026.
Potato is one of the most produced
and consumed crops across the globe and forms an important part of the regular
diet. It is consumed in the form of diverse snack foods as well as elegant
dishes. Some of the most widespread potato snacks consist of wedges, fries,
patties, and many more. Amidst the COVID-19 crisis and the indefinite lockdown
across nations, the consumer food & beverage industry first witnessed
augmented demand for household staples, healthy food items, and consumables
with longer shelf lives. The demand for frozen food products, fruits & vegetables,
eggs, and whole grains, among others, witnessed a substantial surge during the
early stages of the crisis. Currently, most businesses in the industry are
faced with low consumption of their products and supply chain challenges. The
vendors are focusing more on altering their supply chains in order to
strengthen their online presence and delivery measures, in an attempt to adjust
to the present business environment. The alterations in consumer purchasing
behavior and the dynamic shifts towards online distribution channels may have
severe implications on the near future growth of the industry.
In current years, the demand for frozen potato
products has increased on account of their introduction by numerous national
and multinational companies. The global frozen potato market is primarily
driven by the intensifying business of quick-service restaurants (QSRs) in the
emerging and developed nations. Some of the highest QSRs contributing to the
growth of the frozen potato market comprise McDonald's, Burger King, Subway,
Dunkin' Donuts, and many others. Other factors pouring the market are a rise in
the disposable income of people in the developing countries and an increase in
urbanization. In addition, frozen potato products have quickly gained
prominence in the developed as well as developing countries as they are
convenient to cook and come in a large variety of flavors and shapes. Moreover,
the French fries are the most extensively consumed frozen potato product
internationally followed by hash brown. Nevertheless, the high price of frozen
potato products and the requirement for constant low temperature is projected
to limit the market growth. However, the growth in demand for frozen potato and
related food products in the emerging nations are anticipated to provide
several opportunities for the development of the global frozen potato
market.
Among the geographies, North
America region is expected to hold the largest share in the global frozen
potato market owing to the presence of many industry participants. Further,
manufacturers are emerging new packaging methods to extend shelf life, ease of
usage, and storage. Furthermore, the Asia Pacific region is anticipated to be
the fastest-growing region owing to the increasing trend of ready-to-eat food
among the working-class people as well as college grads of countries such as
China and India. China, Japan, and India are the foremost markets, in terms of
consumer spending on food. Additionally, a substantial rise in the demand for
frozen food due to less time for preparation and cooking is opening new
opportunities in the regional market for frozen food.
The report on the global frozen potato
market covers segments such as product and end-user. On the basis of product,
the sub-markets include french fries, hash brown, shapes, mashed, sweet
potatoes/yam, battered/cooked, twice baked, topped/stuffed, and others. On the
basis of end-user, the sub-markets include residential, and commercial.
The report provides profiles of
the companies in the market such as Agrarfrost GmbH & Co. KG, Agristo NV,
Bart’s Potato Industry, CoöperatieKoninklijkeCosun U.A. (Aviko NV), Greenyard
NV (Pinguin NV), Farm Frites, Himalaya International Ltd., J.R. Simplot Company,
McCain Foods, and The Kraft Heinz Company.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the frozen potato market. Moreover, the study highlights current market
trends and provides forecast from 2020-2026. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.