Frozen Potato Market By Product Type (Potato Fries, Potato Wedges, Stuffed Potatoes, Potato Slices, Potato Chunks, Potato Dices, Baked Potato), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Retail Stores, Online Retail), End-User (Commercial Use, Residential Use), & Region for 2024-2031
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Frozen Potato Market By Product Type (Potato Fries, Potato Wedges, Stuffed Potatoes, Potato Slices, Potato Chunks, Potato Dices, Baked Potato), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Retail Stores, Online Retail), End-User (Commercial Use, Residential Use), & Region for 2024-2031
Frozen Potato Market Valuation – 2024-2031
The increasing acceptance of various cuisines especially in developing nations has boosted demand for frozen potato products. The items are flexible components that may be used in a variety of recipes including starters, side dishes, and main courses making them appealing to consumers who want to try new cuisines at home. Therefore, advances in freezing and packaging technologies have improved the quality and shelf life of frozen potato products making them more affordable and convenient for consumers. Improved freezing procedures enable potatoes maintain their flavor, texture, and nutritional value resulting in a rewarding meal even after long periods of storage which helps the market surpass revenue of USD 69.28 Billion valued in 2024 and reach a valuation of around USD 98.01 Billion by 2031.
The increasing demand and expanding consumer base anticipate a favorable CAGR for the frozen potato market reflecting sustained growth and market expansion in the coming years. As manufacturers continue to innovate and diversify their product offerings to meet consumer preferences, the frozen potato market grows at a CAGR of 4.89% from 2024 to 2031.
Frozen Potato MarketDefinition/ Overview
The market is dominated by a few large firms and demand changes are frequently influenced by factors such as agricultural conditions, consumer tastes, and macroeconomic trends. Frozen potato products range from French fries to hash browns, mashed potatoes, and potato wedges, catering to both the retail and foodservice sectors. The goods are washed, peeled, chopped, cooked, and then frozen to ensure quality and preservation.
The technological developments in processing and packaging had an impact on the market resulting in enhanced efficiency and quality. The changes in nutritional habits and lifestyles have increased demand for convenient food options which is fueling growth in the frozen potato industry. The market is shaped by regulatory laws governing food safety and labelling standards which influence manufacturing and distribution patterns.
The increasing understanding of food waste reduction programs may lead to increased adoption of frozen potato products because they have longer storage periods than fresh potatoes reducing the danger of spoilage. Changing consumer preferences for convenience meals along with increasingly hectic lifestyles are projected to increase the demand for frozen potatoes.
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Will Increasing Demand From Consumer Preferences Drive the Frozen Potato Market?
The increase in dual-income homes in which both members have professional careers is the key driver of this trend. With limited time for household chores and meal preparation customers are increasingly turning to easy-to-cook foods. Frozen potatoes meet this need excellently by providing a convenient option for quick and easy meal preparation.
The on-the-go lifestyle is widespread in the modern society which has further fueled the demand for frozen potatoes. Consumers face hectic schedules and time constraints due to which they want convenient food options that can be consumed quickly without compromising on taste or nutrition. The frozen potatoes provide a hassle-free solution allowing consumers to enjoy the comfort and satisfaction of homemade meals with minimal preparation time.
In addition, the expanding foodservice industry has played a significant role in driving the demand for frozen potatoes. Restaurants, fast-food chains, and other food outlets increasingly incorporate frozen potato products into their menus to cater to the growing demand for convenient and appetizing food options. The and Food Industry Association’s Power of Frozen research shows a 21% rise in frozen food sales in the US for the year 2020. Thus, increased consumption of convenience foods is fueling the demand for frozen potato products.
Will the Various Health Related Concerns Hamper the Frozen Potato Market?
The manufacturing of fried frozen potato products such as French fries and wedges has received a lot of attention due to health concerns. The concerns are mostly on the high fat content of deep fried foods which contributes to obesity, weight gain, and heart disease. In addition, the nutritional content of many frozen potato products has been called into doubt due to the use of preservatives, chemicals, and high sodium levels to extend shelf life.
The increasing demand for better alternatives in the frozen potato industry is showing significant growth. In response to the demand producers have begun to innovate by creating cooked, air-fried, or low-fat varieties of frozen potato products. The alternatives seek to address the health risks connected with typical fried foods while still providing the convenience and taste that consumers seek.
Therefore, the change in the frozen potato market toward healthier alternatives indicates the growing significance of health consciousness among customers. Manufacturers are dealing with consumer demand while contributing to improved public health outcomes by providing solutions that prioritize nutritional value and low fat content.
Category-Wise Acumens
Will the Rising Popularity of Fast-Food and Quick-Service Businesses Drive the Market?
The increasing frequency of fast-food and quick-service restaurants has become a prominent feature of modern dining culture. The establishments offer convenience, affordability, and a wide array of menu options attracting consumers seeking quick meals among busy lifestyles. Potato fries is considered as a staple in many fast-food menus which have become characteristic of this trend.
The demand of potato fries lies in their universal popularity and versatility. They serve as a convenient side dish or snack complementing a variety of main courses. In addition, the crispy texture and savory flavor profile makes them an enduring favorite among consumers of all ages.
The globalization of fast-food chains has facilitated the widespread availability of potato fries contributing to their increasing consumption across different regions. Whether served as a standalone item or as part of a combo meal, potato fries are continued to enjoy with huge approval in the fast-food landscape. Therefore, the demand for frozen potato products including pre-cut fries and wedges has experienced notable growth.
Which End User is Primarily Consuming Frozen Potato Market?
The frozen potato products are gaining considerable commercial popularity due to their ease and efficiency. The commercial kitchens can accelerate their cooking procedures with frozen potatoes allowing them to meet the demands of today’s fast-paced food service environment. Furthermore, the consistency and quality of frozen potato products add popularity among commercial customers by ensuring consistent taste and texture throughout servings.
In addition, caterers choose frozen potatoes because they are convenient allowing them to efficiently prepare huge amounts of meals without sacrificing quality. The preference for frozen foods among caterers highlights the adaptability and usefulness of frozen potato products in catering activities where time and resource management are critical for providing satisfying meals to consumers.
Therefore, they enhance operational efficiency and cater to evolving consumer preferences. The increasing dependence on frozen potatoes as a convenient and reliable ingredient is expected to continue, presenting profitable opportunities for investment in the frozen potato market.
Gain Access into Frozen Potato Market Report Methodology
Country/Region-wise Acumens
Will Increasing Demand for Frozen Potatoes Benefit the North American Region?
The increasing demand for frozen potatoes among many companies in the food and beverage industry are including them into their product lines. This strategic move is expected to strengthen the frozen potato market in North America. The popularity of frozen potato products particularly among youths emphasizes their importance as a basic food item in the region. Comfort, variety, and constant quality are all factors that contribute to frozen potatoes long-term success among customers.
In addition, advances in food processing technology have allowed manufacturers to improve the quality and nutritional value of frozen potato products. This includes advancements in freezing processes, packaging methods, and the use of healthier ingredients to meet changing consumer expectations for nutritious and convenient food options.
Therefore, the increasing consumer preferences, technological advancements, and industry innovation plays a pivotal role for frozen potatoes which is driving growth and innovation within the North American food market.
How will the Frozen Potato Market Favor Asia Pacific?
The Asia Pacific region emerges as the fastest-growing market for frozen potato products driven by several key factors. Rapid economic development, urbanization, and the expansion of the middle-class demographic have collectively facilitated shifts in dietary preferences and increased demand for convenient and processed food options. Consequently, frozen potato products have gathered an expanding consumer base within the region.
The growing urbanization and economic growth in Asia Pacific have catalyzed changes in lifestyle and dietary habits among its public. As urban centers continue to expand and modernize there has been a noticeable transition towards a more fast-paced lifestyle accompanied by a growing inclination towards convenience-oriented food choices. This trend is particularly obvious among the rising middle-class population which has greater purchasing power and a desire for convenient meal solutions.
The rapid economic development, urbanization, expanding middle-class population, and changing dietary preferences in Asia Pacific have all contributed to the growth of the frozen potato market with the consumers turn towards convenient and processed food options such as frozen potato products.
Competitive Landscape
The frozen potato market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the frozen potato market include
- The Kraft Heinz Company
- The Hain Celestial Company
- Agristo
- Farm Frites
- Bart’s Potato Company
- R. Simplot Company
- Agrarfrost GmbH & Co. KG
- Greenyard
- Himalaya Food International Ltd.
Latest Developments
- In September 2022, McCain Foods Limited acquired Scelta Products, an agricultural firm based in the Netherlands. McCain’s clients was benefited from this acquisition because it provided access to Scelta’s product line. Scelta Products was driving innovation in the frozen vegetable sector for over 22 years and has worked with McCain’s for the past 13 years.
- In September 2023, Lamb Weston Holdings, Inc. acquired Crackerjack Foods, a maker and provider of frozen potato-based products for the foodservice industry. The acquisition provides Lamb Weston Oceania with a fresh range of goods that complement our current portfolio and expand the alternatives accessible to our existing and new clients.
Report Scope
Report Attributes | Details |
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Study Period | 2021-2031 |
Growth Rate | CAGR of ~5% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | The Kraft Heinz Company, The Hain Celestial Company, Agristo, Farm Frites, Bart’s Potato Company, R. Simplot Company, Agrarfrost GmbH & Co. KG, Greenyard, Himalaya Food International Ltd. |
Customization | Report customization along with purchase available upon request |
Frozen Potato Market, By Category
Product Type
- Potato Fries
- Potato Wedges
- Stuffed Potatoes
- Potato Slices
- Potato Chunks
- Potato Dices
- Baked Potato
Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Retail Stores
- Online Retail
End-User
- Commercial Use
- Residential Use
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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