Global Frozen Finger Chips Market Report and Forecast 2024-2032

Global Frozen Finger Chips Market Outlook

The global frozen finger chips market reached a value of about USD 23.84 billion in 2023. The market is further expected to grow at a CAGR of about 2.9% between 2024 and 2032 to reach a value of about USD 30.84 billion by 2032.        

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The global frozen finger chips market is currently being driven by a growing popularity of finger chips among the youth, changing food preferences, fast-paced lifestyle, popularity of quick service restaurants (QSRs) and growing influence of western culture in emerging markets. This report by Expert Market Research, entitled “Global Frozen Finger Chips Market Report and Forecast 2024-2032”, provides a comprehensive analysis for anyone who plans to foray into the market.

Historical market trends for the global frozen finger chips market have been provided from 2018-2023 and forecasts have been presented till 2032. The value chain analysis of frozen finger chips, encompassing all the activities such as procurement, manufacturing, sales, and distribution, has also been covered in this report.  Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the frozen finger chips industry has also been provided.

This report provides an exhaustive insight for setting-up and running a frozen finger chips manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been  comprehensively covered in this report.

Market Segmentation

Finger Chips (French Fries) are batons of deep-fried potato, consumed hot in either soft or crispy form. They are generally consumed along with lunch or dinner, or as snacks. Spurred by the innovation of frozen processing techniques started in the 1950s and the increasing popularity of fast food chains, frozen finger chips have become a top-selling product worldwide.

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By type, the industry can be divided as follows:

• Plain
• Masala

The distribution channels in the industry can be segmented as follows:

• Supermarkets/Hypermarkets 
• Convenience Stores
• Direct Purchase
• Distributors
• Others

It finds end-uses in the food service and retail sectors.

The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Analysis

Rapid urbanisation as well as changing consumption habits have contributed considerably in the majority of the population, particularly in the emerging economies, to the proliferation of fast food chains worldwide. Such fast food outlets are comparatively cheaper than restaurants, which is a major factor encouraging the growth of these joints and hence growing global sales of frozen finger chips. In addition to the increasing popularity of western cuisine, the hectic life styles and inflating buying power of the workforce are some of the other major drivers for the market. Besides this, manufacturers are constantly releasing new models with increasing shapes, sizes, and flavours to meet consumers' diverse tastes. For example, they have put on the market curly or crinkled-shaped and peri-peri-flavoured pumpkins, which are becoming very popular among consumers.

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Competitive Landscape

The report analyses the following key players in the global frozen finger chips market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:

• McCain Foods Limited
• Alexia Foods, Inc. 
• Lamb Weston Holdings, Inc.
• Farm Frites International B.V.
• Others

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

Key Highlights of the Report