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PUBLISHER: Acute Market Insights Private Limited | PRODUCT CODE: 1128309

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PUBLISHER: Acute Market Insights Private Limited | PRODUCT CODE: 1128309

Frozen Potato Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

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Key Market Insights

"Inclination of consumers towards convenience foods drives the growth of the market"

The Frozen Potato market is expected to grow at a CAGR of 4.2% during the forecast period from 2022 to 2030, starting from US$ 59,829.0 Mn in 2021.

Frozen Potato products are gaining popularity and becoming global commodities that are generating billions of dollar revenue each year globally. The development of new products by various manufacturers supports the growth of the market. For instance, in January 2021, Albert Bartlett launched three new frozen potato products in the U.K markets. The new product portfolio includes Homestyle fries, Parmentier Potatoes and Rooster Homestyle Chips. The new products are available at 400-500 Sainsbury's stores.

Consumers nowadays are becoming more inclined towards convenience food such as frozen potato products. Therefore, manufacturers are focusing to provide new products in the market and to expand their geographical reach to fulfill the rising demand of consumers globally. For instance, in March 2021, Agristo, a leading potato processer invested 200 euro in the new french fries factory situated in Wielsbeke, Belgium. Agristo's reports suggest that the new factory is the most innovative french fries factory in the world. Moreover, is fully automated and requires only 15 employees at a time. Thereby, supports the growth of the market.

PRODUCT ANALYSIS

"Expansion of Quick Service Restaurants supports the market growth"

French fries is the most preferred frozen potato product, projected to increase more than $19,000 million in revenue from the year 2021 to 2029. The research studies suggest that the U.S. utilized about 162 million cwt potatoes for producing frozen french fries in the year 2020. Thereby, supports the growth of the segment.

According to a report "China- Peoples Republic of Potato and Potato Products Annual Report by USDA Foreign Agricultural Service suggests that 15% of the total production of potato is used as processed potatoes in China. The aforesaid factor is one of the key factors supporting the growth of the market. The french fries segment expected to hold over 40% of the market share during the forecast period due to the rising consumption of such fries. Moreover, the expansion of quick-service restaurants such as McDonald's, Subway and Burger king globally supports the growth of the market.

Regional Analysis

"Asia Pacific dominated the frozen potato market"

The Asia Pacific dominated the Frozen Potato market in the year 2021 and expected to continue its dominance during the forecast period. The growth of the region is supported by changing the food consumption habits of individuals. Moreover, rapid urbanization and inclination of consumers towards western-lifestyles are further expected to support the growth of the market. Additionally, the expansion of fast-food restaurants in the region supports the growth of the market. For instance, in 2019 McDonalds announced to add around 200 restaurants in China by 2022. Thereby, it aims to create the largest McDonald's franchisee outside the U.S. the aforesaid factors are some of the key reasons dominating the market in the region.

"North America to grow at a significant rate during the forecast period"

North America is expected to grow at a considerable rate during the forecast period. The U.S. is the largest producer of frozen potatoes in the world. According to USDA (United States Department of Agriculture), the U.S. exported around 450 metric tons of potatoes and around 65% of total exported potatoes are imported to Asian markets. As per the report published by Global Agricultural Information Network (GAIN) suggests that the total frozen potato production in the year 2020-2021 accounts for about 1,185,300 metric tons out of which imports and exports account for about 51,000 and 1,090,000 respectively. Moreover, the reports also suggest that about 241,500 metric tons of frozen potato was domestically consumed by the country in the year 2020-2021.

List of Companies Covered:

Agrarfrost GmbH & Co. KG

Agristo

ConAgra Foods, Inc.

McCain Foods Ltd.

Aviko

Lamb Weston Holdings, Inc.

Bart's Potato Company

Himalya International Ltd.

11er Nahrungsmittel GmbH

Albert Bartlett & Sons

Alexia Foods.

ASTRA Food Processing Plant Company.

Pa & Pa Procesadora Andina De PAPA SRL

Bem Brasil Alimentos.

The Kraft Heinz Company

J.R. Simplot Company

Key Industry Developments:

In December 2021, Himalaya Food entered into an agreement with B.K Dist. Co-Operative Milk producer and AMUL for frozen potato processing products at the company's Vadnagar Plant in India.

In June 2016, ConAgra Foods, Inc. announced to expand its operation in the plant situated in Richland. Moreover, The company also announced to increase its product portfolio of french fries processing line.

In June 2016, ConAgra Foods announced a partnership with Meijer Frozen Food, a Netherlands-based company. Moreover, both companies have signed an agreement with Belaya Dacha to capture the market in Russia. The partnership aims to combine knowledge and skills and thereby, fulfill rising demand in Russian markets.

In July 2021, McCain inaugurated and invested in its first frozen french fries factory situated in Brazil. McCain Foods is a leading producer of french fries and potato specialties. Through the investment in the new factory, the company aims to expand in Brazil's markets.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Frozen Potato market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report

Micro and macro environment factors that are currently influencing the Frozen Potato market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

Research Period 2020-2030

Base Year 2021

Forecast Period 2022-2030

Historical Year 2020

Unit USD Million

Segmentation

Product

Frozen French Fries

Frozen Wedges

Frozen Mashed Potatoes

Diced Frozen Potatoes

Frozen Chunks

Frozen Stuffed Potatoes

Frozen Slice

Others

End-User

Household

Commercial

Distribution Channel

Hypermarket & Supermarket

Grocery Stores

Convenience Stores

Others (Online, etc.)

Region Segment (2020-2030; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

UK

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Million )

Pre Covid-19 situation

Post Covid-19 situation

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of Frozen Potato market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2030.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Frozen Potato market?

Which is the largest regional market for Frozen Potato market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Frozen Potato market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Frozen Potato market worldwide?

Product Code: 139144-04-22

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Frozen Potato Market
  • 2.2. Global Frozen Potato Market, By Product , 2021 (US$ Million)
  • 2.3. Global Frozen Potato Market, By End-User , 2021 (US$ Million)
  • 2.4. Global Frozen Potato Market, By Distribution Channel , 2021 (US$ Million)
  • 2.5. Global Frozen Potato Market, By Geography, 2021 (US$ Million)
  • 2.6. Impact of Covid 19
  • 2.7. Attractive Investment Proposition by Geography, 2021
  • 2.8. Competitive Analysis
    • 2.8.1. Market Positioning of Key Frozen Potato Market Vendors
    • 2.8.2. Strategies Adopted by Frozen Potato Market Vendors
    • 2.8.3. Key Industry Strategies

3. Frozen Potato Market: Business Outlook & Market Dynamics

  • 3.1. Introduction
  • 3.2. Global Frozen Potato Market Value, 2020 - 2030, (US$ Million)
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers
    • 3.3.2. Market Restraints
    • 3.3.3. Key Challenges
    • 3.3.4. Key Opportunities
  • 3.4. Impact Analysis of Drivers and Restraints
  • 3.5. See-Saw Analysis
  • 3.6. Porter's Five Force Model
    • 3.6.1. Supplier Power
    • 3.6.2. Buyer Power
    • 3.6.3. Threat Of Substitutes
    • 3.6.4. Threat Of New Entrants
    • 3.6.5. Competitive Rivalry
  • 3.7. PESTEL Analysis
    • 3.7.1. Political Landscape
    • 3.7.2. Economic Landscape
    • 3.7.3. Technology Landscape
    • 3.7.4. Legal Landscape
    • 3.7.5. Social Landscape

4. Frozen Potato Market: By Product , 2020-2030, USD (Million)

  • 4.1. Market Overview
  • 4.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 4.3. Market Segmentation
    • 4.3.1. Frozen French Fries
    • 4.3.2. Frozen Wedges
    • 4.3.3. Frozen Mashed Potatoes
    • 4.3.4. Diced Frozen Potatoes
    • 4.3.5. Frozen Chunks
    • 4.3.6. Frozen Stuffed Potatoes
    • 4.3.7. Frozen Slice
    • 4.3.8. Others

5. Frozen Potato Market: By End-User , 2020-2030, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 5.3. Market Segmentation
    • 5.3.1. Household
    • 5.3.2. Commercial

6. Frozen Potato Market: By Distribution Channel , 2020-2030, USD (Million)

  • 6.1. Market Overview
  • 6.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 6.3. Market Segmentation
    • 6.3.1. Hypermarket & Supermarket
    • 6.3.2. Grocery Stores
    • 6.3.3. Convenience Stores
    • 6.3.4. Others (Online, etc.)

7. North America Frozen Potato Market, 2020-2030, USD (Million)

  • 7.1. Market Overview
  • 7.2. Frozen Potato Market: By Product , 2020-2030, USD (Million)
  • 7.3. Frozen Potato Market: By End-User , 2020-2030, USD (Million)
  • 7.4. Frozen Potato Market: By Distribution Channel , 2020-2030, USD (Million)
  • 7.5.Frozen Potato Market: By Region, 2020-2030, USD (Million)
    • 7.5.1.North America
      • 7.5.1.1. U.S.
      • 7.5.1.2. Canada
      • 7.5.1.3. Rest of North America

8. UK and European Union Frozen Potato Market, 2020-2030, USD (Million)

  • 8.1. Market Overview
  • 8.2. Frozen Potato Market: By Product , 2020-2030, USD (Million)
  • 8.3. Frozen Potato Market: By End-User , 2020-2030, USD (Million)
  • 8.4. Frozen Potato Market: By Distribution Channel , 2020-2030, USD (Million)
  • 8.5.Frozen Potato Market: By Region, 2020-2030, USD (Million)
    • 8.5.1.UK and European Union
      • 8.5.1.1. UK
      • 8.5.1.2. Germany
      • 8.5.1.3. Spain
      • 8.5.1.4. Italy
      • 8.5.1.5. France
      • 8.5.1.6. Rest of Europe

9. Asia Pacific Frozen Potato Market, 2020-2030, USD (Million)

  • 9.1. Market Overview
  • 9.2. Frozen Potato Market: By Product , 2020-2030, USD (Million)
  • 9.3. Frozen Potato Market: By End-User , 2020-2030, USD (Million)
  • 9.4. Frozen Potato Market: By Distribution Channel , 2020-2030, USD (Million)
  • 9.5.Frozen Potato Market: By Region, 2020-2030, USD (Million)
    • 9.5.1.Asia Pacific
      • 9.5.1.1. China
      • 9.5.1.2. Japan
      • 9.5.1.3. India
      • 9.5.1.4. Australia
      • 9.5.1.5. South Korea
      • 9.5.1.6. Rest of Asia Pacific

10. Latin America Frozen Potato Market, 2020-2030, USD (Million)

  • 10.1. Market Overview
  • 10.2. Frozen Potato Market: By Product , 2020-2030, USD (Million)
  • 10.3. Frozen Potato Market: By End-User , 2020-2030, USD (Million)
  • 10.4. Frozen Potato Market: By Distribution Channel , 2020-2030, USD (Million)
  • 10.5.Frozen Potato Market: By Region, 2020-2030, USD (Million)
    • 10.5.1.Latin America
      • 10.5.1.1. Brazil
      • 10.5.1.2. Mexico
      • 10.5.1.3. Rest of Latin America

11. Middle East and Africa Frozen Potato Market, 2020-2030, USD (Million)

  • 11.1. Market Overview
  • 11.2. Frozen Potato Market: By Product , 2020-2030, USD (Million)
  • 11.3. Frozen Potato Market: By End-User , 2020-2030, USD (Million)
  • 11.4. Frozen Potato Market: By Distribution Channel , 2020-2030, USD (Million)
  • 11.5.Frozen Potato Market: By Region, 2020-2030, USD (Million)
    • 11.5.1.Middle East and Africa
      • 11.5.1.1. GCC
      • 11.5.1.2. Africa
      • 11.5.1.3. Rest of Middle East and Africa

12. Company Profile

  • 12.1. Agrarfrost GmbH & Co. KG
    • 12.1.1. Company Overview
    • 12.1.2. Financial Performance
    • 12.1.3. Product Portfolio
    • 12.1.4. Strategic Initiatives
  • 12.2. Agristo
    • 12.2.1. Company Overview
    • 12.2.2. Financial Performance
    • 12.2.3. Product Portfolio
    • 12.2.4. Strategic Initiatives
  • 12.3. ConAgra Foods, Inc.
    • 12.3.1. Company Overview
    • 12.3.2. Financial Performance
    • 12.3.3. Product Portfolio
    • 12.3.4. Strategic Initiatives
  • 12.4. McCain Foods Ltd.
    • 12.4.1. Company Overview
    • 12.4.2. Financial Performance
    • 12.4.3. Product Portfolio
    • 12.4.4. Strategic Initiatives
  • 12.5. Aviko
    • 12.5.1. Company Overview
    • 12.5.2. Financial Performance
    • 12.5.3. Product Portfolio
    • 12.5.4. Strategic Initiatives
  • 12.6. Lamb Weston Holdings, Inc.
    • 12.6.1. Company Overview
    • 12.6.2. Financial Performance
    • 12.6.3. Product Portfolio
    • 12.6.4. Strategic Initiatives
  • 12.7. Bart's Potato Company
    • 12.7.1. Company Overview
    • 12.7.2. Financial Performance
    • 12.7.3. Product Portfolio
    • 12.7.4. Strategic Initiatives
  • 12.8. Himalya International Ltd.
    • 12.8.1. Company Overview
    • 12.8.2. Financial Performance
    • 12.8.3. Product Portfolio
    • 12.8.4. Strategic Initiatives
  • 12.9. 11er Nahrungsmittel GmbH
    • 12.9.1. Company Overview
    • 12.9.2. Financial Performance
    • 12.9.3. Product Portfolio
    • 12.9.4. Strategic Initiatives
  • 12.10. Albert Bartlett & Sons
    • 12.10.1. Company Overview
    • 12.10.2. Financial Performance
    • 12.10.3. Product Portfolio
    • 12.10.4. Strategic Initiatives
  • 12.11. Alexia Foods.
    • 12.11.1. Company Overview
    • 12.11.2. Financial Performance
    • 12.11.3. Product Portfolio
    • 12.11.4. Strategic Initiatives
  • 12.12. ASTRA Food Processing Plant Company
    • 12.12.1. Company Overview
    • 12.12.2. Financial Performance
    • 12.12.3. Product Portfolio
    • 12.12.4. Strategic Initiatives
  • 12.13. Pa & Pa Procesadora Andina De PAPA SRL
    • 12.13.1. Company Overview
    • 12.13.2. Financial Performance
    • 12.13.3. Product Portfolio
    • 12.13.4. Strategic Initiatives
  • 12.14. Bem Brasil Alimentos.
    • 12.14.1. Company Overview
    • 12.14.2. Financial Performance
    • 12.14.3. Product Portfolio
    • 12.14.4. Strategic Initiatives
  • 12.15. The Kraft Heinz Company
    • 12.15.1. Company Overview
    • 12.15.2. Financial Performance
    • 12.15.3. Product Portfolio
    • 12.15.4. Strategic Initiatives
  • 12.16. J.R. Simplot Company
    • 12.16.1. Company Overview
    • 12.16.2. Financial Performance
    • 12.16.3. Product Portfolio
    • 12.16.4. Strategic Initiatives
Product Code: 139144-04-22

List of Tables

  • TABLE 1 Global Frozen Potato Market By Product , 2020-2030, USD (Million)
  • TABLE 2 Global Frozen Potato Market By End-User , 2020-2030, USD (Million)
  • TABLE 3 Global Frozen Potato Market By Distribution Channel , 2020-2030, USD (Million)
  • TABLE 4 North America Frozen Potato Market By Product , 2020-2030, USD (Million)
  • TABLE 5 North America Frozen Potato Market By End-User , 2020-2030, USD (Million)
  • TABLE 6 North America Frozen Potato Market By Distribution Channel , 2020-2030, USD (Million)
  • TABLE 7 UK and European Union Frozen Potato Market By Product , 2020-2030, USD (Million)
  • TABLE 8 UK and European Union Frozen Potato Market By End-User , 2020-2030, USD (Million)
  • TABLE 9 UK and European Union Frozen Potato Market By Distribution Channel , 2020-2030, USD (Million)
  • TABLE 10 Asia Pacific Frozen Potato Market By Product , 2020-2030, USD (Million)
  • TABLE 11 Asia Pacific Frozen Potato Market By End-User , 2020-2030, USD (Million)
  • TABLE 12 Asia Pacific Frozen Potato Market By Distribution Channel , 2020-2030, USD (Million)
  • TABLE 13 Latin America Frozen Potato Market By Product , 2020-2030, USD (Million)
  • TABLE 14 Latin America Frozen Potato Market By End-User , 2020-2030, USD (Million)
  • TABLE 15 Latin America Frozen Potato Market By Distribution Channel , 2020-2030, USD (Million)
  • TABLE 16 Middle East and Africa Frozen Potato Market By Product , 2020-2030, USD (Million)
  • TABLE 17 Middle East and Africa Frozen Potato Market By End-User , 2020-2030, USD (Million)
  • TABLE 18 Middle East and Africa Frozen Potato Market By Distribution Channel , 2020-2030, USD (Million)

List of Figures

  • FIG. 1 Global Frozen Potato Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Frozen Potato Market: Quality Assurance
  • FIG. 5 Global Frozen Potato Market, By Product , 2021
  • FIG. 6 Global Frozen Potato Market, By End-User , 2021
  • FIG. 7 Global Frozen Potato Market, By Distribution Channel , 2021
  • FIG. 8 Global Frozen Potato Market, By Geography, 2021
  • FIG. 9 Global Frozen Potato Market, By Product , 2021 Vs 2030, %
  • FIG. 10 Global Frozen Potato Market, By End-User , 2021 Vs 2030, %
  • FIG. 11 Global Frozen Potato Market, By Distribution Channel , 2021 Vs 2030, %
  • FIG. 12 U.S. Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 13 Canada Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 14 Rest of North America Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 15 UK Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 16 Germany Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 17 Spain Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 18 Italy Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 19 France Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 20 Rest of Europe Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 21 China Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 22 Japan Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 23 India Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 24 Australia Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 25 South Korea Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 26 Rest of Asia Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 27 Brazil Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 28 Mexico Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 29 Rest of Latin America Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 30 GCC Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 31 Africa Frozen Potato Market (US$ Million), 2020 - 2030
  • FIG. 32 Rest of Middle East and Africa Frozen Potato Market (US$ Million), 2020 - 2030
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