5 Key Insights on Frozen Potato Market Revealing Size and Competitive Trends- Reviewed till 2022

Posted on 2018-08-03 by Mark Hub in Food & Beverage // 0 Comments

Fact.MR

Rockville, US, 2018-Aug-03 — /EPR Network/ — With the popularity of western style cuisine, frozen potato products are being consumed on a large scale worldwide. Fast food industry is also growing rapidly, hence manufacturers are providing frozen potatoes in various shapes and size such as french fries. Manufacturers are also investing into research and development new technologies that can help to keep frozen potatoes fresh for a long time. This report, published by Fact.MR, provides in-depth analysis of the global frozen potato market for the forecast period 2017-2022, and offers key insights about future market direction.

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In order to offer readers with up-to-date information about the latest advancements in the global frozen potato market, the report provides updates about market opportunities, which can benefit leading manufacturers of frozen potato. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for frozen potato manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

5 Forecast Highlights on Global Frozen Potato Market

1- Europe is expected to dominate the global frozen potato market. By the end of 2017, Europe frozen potato market is projected to account for nearly one-third of the revenue share. Increasing investment in new product development, rising consumer attraction towards fast food and presence of the major market players are some of the reasons contributing towards the growth of frozen potato market in Europe.

2- North America is also expected to emerge as the second most lucrative market in the global frozen potato market. Products like french fries, sweet, and cooked potatoes are some of the fastest selling products in North America.

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3- Fries are expected to be the largest consumed frozen potato product. Fries are projected to exceed US$ 18,900 million revenue by the end of 2022. Meanwhile, wedges as a frozen potato product are also expected to witness growth during the forecast period.

4- The commercial sector is expected to be the largest end-user of the frozen potato. The commercial sector is projected to account for more than half of the revenue share by the end of 2017. Meanwhile, the residential sector is projected to create an incremental opportunity of over US$ 3,500 million between 2017 and 2022.

5- Modern trade is expected to emerge as the largest distribution channel for frozen potato. By the end of 2022, modern trade is projected to exceed US$ 25,100 million revenue.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global frozen potato market through 2022, which include Lamb-Weston Holdings, Inc., McCain Foods, J.R. Simplot Co., American Lorain Corp., Aviko Holding BV, Himalya International Ltd, Agrarfrost Holding GmbH & Co. KG, Kraft Heinz Co., Pohjolan Peruna Oy, and Agristo NV.

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