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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Frozen Potato Products Market Size
The global frozen potato products market size is projected to grow at a CAGR of 4.4% between 2024 and 2032.
Key Takeaways
- Canadian government reported potatoes as the fifth largest crop, generating about USD 1.7 billion in 2022 as farm cash income and USD 3.4 billion in exports.
- New potato types like purple or fingerling are emerging. Ethnic influences inspire products such as Latin-seasoned fries, Korean-style snacks, and regional favourites.
- According to the U.S. Department of Agriculture, China's MY2020/21 fresh potato output reached 99 MMT, up 3% from MY2019/20, driven by expanded acreage. Additionally, frozen French fries’ production increased by 10% to 330,000 MT.
Potatoes stand as one of the most extensively grown and consumed crops globally, playing a substantial role in daily diets. They're enjoyed in diverse manners, ranging from simple snacks to intricate dishes, including favourites like wedges, fries, and patties. An increase in the demand for frozen potato products on a global scale has been observed - a trend attributed to their introduction by various national and international companies.
The rapid expansion of fast-food chains such as Subway, McDonald's, Burger King, and KFC worldwide serves as a significant driving force for the frozen potato market. Furthermore, the introduction of new flavour varieties attracts a broader spectrum of consumers, ultimately driving the global frozen potato products market growth.
As per the Canadian government, potatoes rank as the fifth most substantial primary agricultural crop in the country, accounting for around USD 1.7 billion in farm cash receipts in 2022. Additionally, the potato industry contributed approximately USD 3.4 billion in exports of potatoes and potato-based products in the 2022/2023 period thus boosting the global frozen potato products market share.
Frozen Potato Products Market Report Snapshots
Frozen Potato Products Market Size
Frozen Potato Products Market Trends
Frozen Potato Products Market Regional Analysis
Frozen Potato Products Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The frozen potato products market has expanded due to shifting dietary preferences, advancements in flavour, convenient solutions, and the introduction of vegan options.
The market is categorised according to its type, which includes french fries, hash browns, sweet potatoes/yams, potato wedges, potato bites, mashed, and smileys, among others.
The major players in the industry are McCain Foods Limited, Agrarfrost GmbH, Agristo N.V., Farm Frites International B.V., J.R. Simplot Company, Iscon Balaji Food Private Limited, Lamb Weston Holdings, Inc., Pizzoli S.p.A, Landun Xumei Food Co., Ltd., and Ajino Chinuya Co., Ltd among others.
Based on the distribution channel, the frozen potato products market is divided into supermarkets and hypermarkets, distributors, convenience stores, online and direct purchases and others.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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