Extensive Growth Opportunities To Be Witnessed By Frozen Potato Market By 2031

As per Fact.MR’s recently published report, the market for frozen potatoes is anticipated to reach US$ 103.5 Bn, growing at a CAGR of 6% across the 2021-2031 forecast period. Growth is majorly reliant on the growing popularity of fast food joints and quick service restaurants across major geographies.

From 2016-2020, demand accelerated at a CAGR of 5%, reaching US$ 55.5 Bn by the end of the said historical period. Furthermore, demand experienced a y-o-y growth of 3.9% in 2021 over 2020. Sales further spiked during the height of the COVID-19 pandemic, as people stocked up on frozen foods, apprehending potential shortages during the lockdown.

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Globally, there is an increasing migration towards consuming more plant-based and vegan diets. Studies reveal that nearly 8 billion animals are slaughtered annually for their meat. Moreover, animal agriculture has led to the destruction of more than 90% of critical rain forests such as the Amazon. Hence, people are opting for more natural alternatives, a trend which is likely to impel sales of frozen potatoes and potato-based foods in the long run.

Key Takeaways from the Market Study

• Global market for frozen potato to be valued at US$ 57.8 Bn by 2021
• By product, frozen potato fries to generate US$ 19 Bn in value, yielding 41% revenue
• 3 out of 5 frozen potato sales to occur across the commercial sector
• By distribution channel, modern trade is likely to account for 33% revenue
• India to be the fastest growing market for frozen potatoes, clocking a CAGR of 7%
• Germany to be the most lucrative market across Europe, growing at 5% CAGR

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Key Segments Covered

• Product Type

  • Frozen Potato Fries
  • Frozen Potato Wedges
  • Frozen Stuffed Potatoes
  • Frozen Potato Chunks
  • Frozen Potato Slices
  • Frozen Potato Dices
  • Frozen Baked Potato
  • Other Frozen Potato Types

• End User

  • Frozen Potato for Commercial Use
  • Frozen Potato for Residential Use

• Distribution Channel

  • Frozen Potato Sales via Modern Trade
  • Frozen Potato Sales via Grocery Stores
  • Frozen Potato Sales via Convenience Stores
  • Online Frozen Potato Sales
  • Frozen Potato Sales via Other Distribution Channels

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Report Benefits & Key Questions Answered

• Frozen Potato Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
• Frozen Potato Market Historical volume analysis: The report provides a comparison of Frozen Potato Market historical sales and projected sales performance for 2021-2031.
• Frozen Potato Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Frozen Potato Market It carefully gauges the impact of changing healthcare needs of key demographics globally
• Frozen Potato Market Consumption by demographics: The report investigates consumer behavior affecting Frozen Potato Market demand outlook for the assessment period. Effect of their keenness for digital trends on Frozen Potato Market is  carefully analyzed
• Post COVID consumer spending on Frozen Potato Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Frozen Potato Market growth.

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