Market development is primarily driven by two factors: changing lifestyles and increased urbanisation. There is a rising demand for processed and convenience meals as a result of changing lifestyles and urbanisation. This trend includes frozen potatoes because they are widely used as a component in many processed foods such as snacks, appetisers, and ready-to-eat meals. Frozen potatoes are gaining popularity in international markets. To decrease waste and enhance revenue, potato-producing countries frequently export and freeze excess supplies. As a result of this propensity, global demand for frozen potatoes has increased. Frozen potatoes last longer than fresh potatoes.
According to SPER market research, ‘Frozen Potato Market Size- By Product, By End Use, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Frozen Potato Market is predicted to reach USD 111.11 billion by 2033 with a CAGR of 6.2%.
Rising purchasing power and customer desire for ready-to-eat convenience foods are driving up demand for frozen food. Food products that are ready-to-eat, microwaveable, or ready-to-prepare are becoming increasingly popular since they are easy for on-the-go consumption and need little preparation time.
Because of the considerable increase in domestic and worldwide demand for frozen potato goods, fast food restaurants will increase their demand for frozen potatoes globally. The business sector is the principal end-user of frozen potatoes due to its tremendous market potential and rising consumer demand.
Issues Facing the Frozen Potato Sector the rising incidence of obesity and cardiac problems associated with excessive junk food consumption is one of the key factors expected to impede the growth of the frozen potato market during the forecast period. Furthermore, the high cost of ramped skills is expected to hinder business growth. The market is likely to be challenged over the analysis period by high machinery costs and broad availability of healthier alternatives. Furthermore, the high cost of transportation and storage is projected to stymie industry expansion in the foreseeable future.
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Impact of COVID-19 on Global Frozen Potato Market
The demand for frozen food products and snacks increased dramatically as a result of strict lockdowns that stopped people from frequently going to supermarkets or grocery stores to stock up on consumables as the COVID-19 virus spread. This bodes well for a number of frozen potato product categories, including frozen potato chips and nuggets. Sales of frozen potato products will rise even more as individuals throughout the world prefer plant-based fast snacks due to concerns about the environmental impact of meat eating.
Frozen Potato Market Key Players:
Geographically, North America has emerged as a dominating participant in the worldwide frozen potato market, contributing the most due to a variety of causes. The region’s large proportion is primarily due to the widespread appeal of frozen potato products, notably French fries and potato wedges, as staples in North American diets. Furthermore, the presence of well-known fast-food chains and quick-service restaurants that provide these goods has increased demand. Some of the market key players are Agra Frost GmbH & Co. KG., Agristo NV, Bart’s Potato Company, Coson, Himalya International Limited, Farm Frites International B.V., Green yard N.V., J.R. Simplot Company, Lamb Weston Holdings, Inc., McCain Foods Limited, The Kraft Heinz Company.
Frozen Potato Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Global Frozen Potato Market is segmented as Battered/Cooked, French Fries, Hash Brown, Mashed, Shapes, Sweet Potatoes/Yam, Topped/Stuffed, Others.
By End Use: Based on the End Use, Global Frozen Potato Market is segmented as; Commercial, Residential.
By Distribution Channel: Based on the Distribution Channel, Global Frozen Potato Market is segmented as; Offline, online.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Frozen Potato Products Market Future Outlook
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