PUBLISHER: The Business Research Company | PRODUCT CODE: 1429807
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429807
French fries, a popular snack, are created by slicing potatoes into even strips and deep frying them in oil. They are a common fast-food item sold in restaurants, fast-food chains, and food stalls.
The main types of French fries are fresh and frozen. Fresh refers to something recently produced, not spoiled or preserved, and having a renewed or unexhausted quality. Freshly cut French fries typically contain fewer preservatives. These fries are distributed through supermarkets, hypermarkets, convenience stores, online platforms, distributors, and direct purchase channels. The end users of French fries include both the food service and retail sectors.
The French fries market research report is one of a series of new reports from The Business Research Company that provides French fries market statistics, including French fries industry global market size, regional shares, competitors with a French fries market share, detailed French fries market segments, market trends and opportunities, and any further data you may need to thrive in the French fries industry. This French fries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The french fries market size has grown strongly in recent years. It will grow from $16.38 billion in 2023 to $17.45 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The expansion observed in the historical period can be attributed to strong economic growth in emerging markets, the proliferation of fast-food restaurants, and an increase in disposable income.
The french fries market size is expected to see strong growth in the next few years. It will grow to $21.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be attributed to the increasing demand for ready-to-eat products, a rise in the youth population, the increasing popularity of online food delivery, and rising urbanization. Key trends expected in the forecast period encompass increasing investments, a focus on the adoption of robots in food preparation, an emphasis on offering healthier French fry options, product innovations, and a focus on launching French fries that are suitable for vegan diets.
The French fries market is anticipated to experience growth, driven by the increasing demand for ready-to-eat food. Ready-to-eat (RTE) foods, characterized by being pre-cleaned, pre-cooked, and ready to consume without additional preparation, are gaining popularity. French fries, a popular fast food and side dish made from thinly sliced and deep-fried potatoes, are commonly consumed as a ready-to-eat (RTE) snack or side dish. According to India's Ministry of Commerce and Industry, ready-to-eat food exports rose by 24% to $394 million in 2021-22 compared to the previous year. Similarly, retail sales in Japan's packaged food sector reached $216.3 billion in 2022, as estimated by Euromonitor. This surge in demand for ready-to-eat food is a significant driver for the growth of the French fries market.
The growth of online food delivery services is expected to further propel the French fries market. Online food delivery services, facilitating the ordering and delivery of authorized food products, provide convenience and expanded market reach for French fries. Approximately 60% of Americans order delivery at least once a week, spending an average of $67 on takeout per week, according to a report published by Zippia. The market value of online food delivery increased by 13% between 2020 and 2021, reaching $18.5 billion. This trend is contributing to the growth of the French fries market.
A prominent trend is the emphasis on product innovation by major companies striving to maintain their market standing. An illustration of this trend is seen in The H. J. Heinz Company, a US-based food processing company, which, in July 2022, introduced an inventive product known as Spoon Friez. This unique creation consists of fries shaped such as spoons, designed specifically for scooping up the perfect amount of sauce, particularly Heinz tomato ketchup. Spoon Friez offers a novel and convenient way to enjoy this classic combination, providing an innovative solution for consumers.
Product innovation remains a pivotal trend within the broader French fries market, with major players actively working on the development of new and inventive products to fortify their market positions. An instance of this is the introduction of Spoon Friez by Heinz Company in July 2022. This edible spoon made of fries is specifically designed to scoop up the ideal amount of ketchup with each fry, presenting consumers with a unique and enjoyable eating experience. This focus on product innovation underscores the commitment of major players to providing novel and appealing options in the French fries market.
In December 2021, Shakey's Pizza, a US-based pizza restaurant, successfully acquired Potato Corner for $63 billion. This strategic acquisition is aimed at broadening, diversifying, and enriching Shakey's portfolio. By maximizing synergies and leveraging expertise in areas such as business development, franchise management, and supply chain operations, Shakey's aims to sustainably expand the Potato Corner brand. Potato Corner, a Philippines-based fast-food restaurant chain renowned for its flavored French fries, brings a unique offering to Shakey's, contributing to the overall growth and enrichment of the brand.
Major companies operating in the french fries market report are McCain Foods Limited, Lamb Weston Holdings, Inc., Farm Frites International B.V, JR. Simplot Company, The Kraft Heinz Company,Aviko B.V., Checkers Rally's, Albert Bartlett and Sons, Agristo N.V., Agrarfrost, Wow! Momo, Burger Singh, Box8, Bendotti/WA Chip, Birds Eye, Kaida, Landun Xumei Foods Co. Ltd., Dicos, Zhucheng Dragon Fritopack Co., Ltd., Real Kungfu, Joyvio Group, Belaya Dacha Group, Miratorg Agribusiness Holding, Selkhozinvest, COMPRODCOOP SA, Tomfrost, Intended Foods, Ore-Ida, Alexia Foods, Cavendish Farms, Pepsico, Agricola Chapi, Frozen Express, Bem Brasil Alimentos LTDA, Del Ande Alimentos SAC, Freshky, Al Islami Foods, Al Kabeer Groupe, Wafrah for Industry and Development, McDonald's, Burger King, Hardee's, Johnny Rockets, Nature's Garden Pty (Ltd), Sano Foods, The Nile Egyptian Co, OK Fruits LLC, Maysa French Fries
North America was the largest region in the French fries market in 2023. The regions covered in the french fries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the french fries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The French fries market consists of sales of tornado fries, sweet potato fries, poutine, tater tots, and curly fries. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
French Fries Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on french fries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for french fries? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The french fries market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.