USD 22.64 billion
Frozen Finger Chips Market Size, Share, Growth Analysis, By Product Type(Regular Frozen Finger Chips, and Flavored Frozen Finger Chips), By End-User(Household, and Commercial), By Distribution Channel(Online, and Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2142 |
Region:
Global |
Published Date: July, 2024
Pages:
265
|Tables:
34
|Figures:
74
Frozen Finger Chips Market Insights
Frozen Finger Chips Market size was valued at USD 22.64 billion in 2019 and is poised to grow from USD 23.3 billion in 2023 to USD 29.36 billion by 2031, growing at a CAGR of 2.93% in the forecast period (2024-2031).
Potatoes are cut into tiny strips and either fried or baked to make finger chips. They are eaten all around the world as snacks or as a side dish with fast food. Frozen finger chips largely replaced freshly cut potatoes in the 1940s because they were more practical and provided consistent quality and flavour. The food service industry holds a significant share of the frozen finger chips, while the retail industry holds the remaining share. Both white and sweet potatoes can be used in their preparation. Frozen finger chips are more practical than their fresh counterparts since they cook and serve more quickly while maintaining a similar level of taste and quality. Additionally, these items have a longer shelf life, are simple to store, and absorb less oil when being fried. On account of these properties, frozen finger chips are extensively used across the foodservice and household sectors.
US Frozen Finger Chips Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Food Service
Fastest Growth
Food Service
Growth Rate
2.93% CAGR
Global Frozen Finger Chips Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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Frozen Finger Chips Market Segmental Analysis
Frozen Finger Chips Market is segmented by Product Type, End-User, Distribution Channel and Region. Based on Product Type, the market can be segmented into Regular Frozen Finger Chips, and Flavored Frozen Finger Chips. Based on End-User market can be segmented into Household, and Commercial. Based on Distribution Channel the market can be segmented into Online, and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
During the forecast period, the household application sector is anticipated to grow at a comparatively high CAGR. This market's growth can be due to people's changing eating patterns and rising health consciousness. Additionally, people's busy lifestyles have led to a rise in the desire for convenience foods.
Global Frozen Finger Chips Market by End-Use, 2021 (%)
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Frozen Finger Chips Market Regional Insights
Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA. The North America accounted for the largest market share and is expected to remain the leader in Frozen Finger Chips in the coming years. The regional growth of the market is attributed to the region's high level of consumer knowledge of the advantages of such vegetables. The FDA has implemented a number of restrictions that reduce the use of dangerous compounds like trans fats. Food that has been prewashed, precut, and frozen reduces the amount of cooking required because it is more portable and has a longer shelf life. These elements are promoting market expansion in the area.
Due to consumer use of digital retailing platforms, Asia Pacific experiences considerable growth in the global market. The expansion of the regional market is also aided by the rising number of cold chain facilities in various emerging nations. Additionally, developing nations like India, Japan, and China are benefiting from an increase in refrigeration facilities in retail stores and an increase in the availability of frozen finger chips through online retailers. Urbanization is anticipated to result in significant market expansion across several Southeast Asian nations.
Further, aatributing to the region's growing vegan population, which is predicted to increase frozen vegetable sales, Europe is predicted to hold the largest market share. High consumer spending power, economic stability, and changes in food preferences are some of the key growth factors in the area. Additionally, the demand for ready-to-eat breakfast products has skyrocketed in popularity due to hurried lives. In addition, Europe is one of the most alluring marketplaces in the world, where baked goods and potato products have significant room for expansion. Sales of frozen finger chips soared in the early months of COVID-19's unexpected breakout, but they sharply declined in the months that followed.
Global Frozen Finger Chips Market By Geography, 2021 - 2028
- Largest
- Fastest
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Frozen Finger Chips Market Dynamics
Frozen Finger Chips Market Driver
- The market for frozen finger chips (also known as frozen French fries) is currently primarily being pushed by the younger demographic's increasing preference for western cuisine, the expansion of fast-food restaurant chains, shifting lifestyles, and rising income levels. This is further reinforced by the global expansion of frozen finger chip variations, shapes, and flavours. In addition, urbanisation is increasing, particularly in developing nations, and changing consumer patterns are giving the market a good outlook. Additionally, the surge in hectic lifestyle schedules brought on by the growing working population has increased sales of frozen finger chips. Additionally, a number of participants have been growing their customer bases by marketing their goods through online retail channels, which is impacting the market’s growth.
Frozen Finger Chips Market Restraint
- Consumers have a misconception that food that has been kept for longer than a year loses its nutritional value. However, the US Food and Drug Administration (FDA) and IFIC debunked these beliefs (International Food Information Council). Food items that are frozen can rival fresh and organic options in quality. Consumers who earn less money, however, favour fresh food because they care more about the product's quality. Due to consumers' preference for fresh produce over frozen goods, the market's growth throughout the projection period may be constrained by this reason.
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Frozen Finger Chips Market Competitive Landscape
The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Frozen Finger Chips Market Top Players' Company Profiles
- JR Simplot
- Lamb-Weston
- McCain Foods Limited
- Aviko B.V.
- Agristo NV
- Pohjolan Peruna Oy
- Farm Frites International B.V.
- Himalya International Ltd.
- Bergia Frites S.A.
- Westfrost GmbH
- Bart's Potato Company
- Agrarfrost GmbH & Co. KG
- Royal Cosun U.A.
- Lutosa S.A.
- Farmwise LLC
- Nomad Foods Europe Limited
- Greenyard NV
- H.J. Heinz Company
- Cascadian Farm Organic
- Lidl Stiftung & Co. KG
Frozen Finger Chips Key Market Trends
- Rising consumer awareness about online retailing is projected to favor the overall growth of the market in the upcoming years. Online buying is a popular trend among consumers right now. One of the key aspects driving this industry's expansion is online retail. The availability of numerous new apps has made it even easier for customers to buy tasty goods that suit their interests. Due to their preference for avoiding retail stores, the working people is drawn to the diversity of products that are offered. Around 26% of people, according to Eurostat statistics from 2018, used e-commerce websites or mobile apps to buy edible goods. The rise of the frozen finger chips industry is anticipated to be fueled by the increasing use of smartphones and the internet, which will also present chances for new players. Additionally, the majority of online retail buyers were adding frozen to their orders, per AFFI. This, thus, aids the overall growth of the market during the forecast period.
Frozen Finger Chips Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, based on the end-use, the food service segment of the market is projected to hold the most substantial share in the market. While, based on the region, the North America region of the market is projected to hold the most substantial share in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 22.64 billion |
| Market size value in 2031 | USD 29.36 billion |
| Growth Rate | 2.93% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Frozen Finger Chips Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Frozen Finger Chips Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Frozen Finger Chips Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Frozen Finger Chips Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Frozen Finger Chips Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Frozen Finger Chips Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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