North America Refrigerated and Frozen Potatoes Market Size By Type (Refrigerated & Frozen), By Application (Food Ingredient & Food Type), By Sales Channel (Online, Retail Stores, Food Services, & Others), By Form (Solid, and Powdered), By Geographic Scope And Forecast

North America Refrigerated and Frozen Potatoes Market Size And Forecast

North America Refrigerated and Frozen Potatoes Market were valued at USD 7,860.63 Million in 2019 and are projected to reach USD 10,346.00 Million by 2027, growing at a CAGR of 4.08% from 2020 to 2027. 

The market is experiencing tremendous growth owing to the increasing women’s employment rate. In addition, the rising demand for convenience food boosts the growth of the market. The North America Refrigerated and Frozen Potatoes Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America Refrigerated and Frozen Potatoes Market Definition

Potatoes are one of the world’s most widely grown crops and are used for manufacturing dehydrated food products such as instant mashed potatoes, frozen food products such as frozen French fries and ready-to-eat frozen hash browns, commercial starch, alcohol, and animal feed, while fresh potatoes are used for baking and frying. The majority of demand for frozen & refrigerated mashed potatoes comes from the European and American markets, and companies are responding by launching new mashed potato varieties to meet this increasing demand.

The global mashed potatoes market will grow at a steady pace during the forecast period due to an evolution in the tastes and preferences of consumers in both the retail sector as well as the foodservice sector. With the growing demand for convenience among consumers, especially millennials (those aged between 20 and 34 years), the demand for various ready-to-eat and ready-to-cook products such as mashed potatoes has increased. Factors driving demand for frozen & refrigerated mashed potatoes come from both the demand and supply sides.

North America Refrigerated and Frozen Potatoes Market Overview

The market is experiencing tremendous growth owing to the increasing women’s employment rate. Women’s employment rates have raised dramatically in recent years. Because of the number of working women, it is becoming increasingly difficult for them to cook or prepare fresh meals on a daily basis. As a result, ready-to-eat and frozen meals have become common. In addition, the rising demand for convenience food boosts the growth of the market. Because of consumers’ busy lifestyles, the processed food industry is driven by a greater need for convenience. However, the concerns regarding the contamination of the raw materials are expected to hamper the growth of the market.

North America Refrigerated and Frozen Potatoes MarketSegmentation Analysis

The North America Refrigerated and Frozen Potatoes Market are segmented on the basis of Type, Application, Sales Channel, Form, and Region.

North America Refrigerated and Frozen Potatoes Market by Type

• Refrigerated• Frozen

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On the basis of Type, the North America Refrigerated and Frozen Potatoes Market has been segmented into Refrigerated, and Frozen. Refrigerated accounted for the largest market in 2019, and is projected to grow at the highest CAGR during the forecast period. Frozen was the second-largest market in 2019.

North America Refrigerated and Frozen Potatoes Market by Application

• Food Ingredient• Food Type

On the basis of Application, the North America Refrigerated and Frozen Potatoes Market has been segmented into Food Ingredient and Food Type. Food Type accounted for the largest market in 2019 and is projected to grow at the highest CAGR of 4.11% during the forecast period. Food Ingredient was the second-largest market in 2019. Mashed potatoes are used as a food ingredient for dishes such as shepherd’s and cottage pie, dumplings, potato pancakes, potato croquettes, pierogi, colcannon, and gnocchi, in which case the potatoes may be boiled or baked, and may or may not have dairy or seasoning added.

North America Refrigerated and Frozen Potatoes Market by Sales Channel

• Online• Retail Stores• Food Services• Others

On the basis of Sales Channel, the North America Refrigerated and Frozen Potatoes Market has been segmented into Online, Retail Stores, Food Services, and Others. Retail Stores accounted for the largest market in 2019 and is projected to grow at a CAGR of 3.50% during the forecast period. Food Service was the second-largest market in 2019; However, Online is projected to grow at the highest CAGR.

North America Refrigerated and Frozen Potatoes Market by Form

• Solid• Powdered

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On the basis of Form, the North America Refrigerated and Frozen Potatoes Market has been segmented into Solid, and Powdered. Solid accounted for the largest market share in 2019, w and is projected to grow at a CAGR of 3.77% during the forecast period. Powdered was the second-largest market in 2019.

North America Refrigerated and Frozen Potatoes Market by Geography

• US• Canada• Mexico

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On the basis of regional analysis, the North America Refrigerated and Frozen Potatoes Market has been segmented into the US, Canada, and Mexico. US accounted for the largest market share in 2019, with a market value of and is projected to grow at the highest CAGR of 4.19% during the forecast period. Canada was the second-largest market in 2019.

Key Players in North America Refrigerated and Frozen Potatoes Market

The “North America Refrigerated and Frozen Potatoes Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Hormel Foods Corporation, Bob Evans Farms, Inc., Lamb Weston Holdings, Inc., J.R. Simplot Company, and others

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

North America Refrigerated and Frozen Potatoes Market Share Insights

Key Developments by Major Key Players in the market are as given below.

North America Refrigerated and Frozen Potatoes Market Report Scope

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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 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.

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