Report ID: SQMIG30I2142
Report ID:
SQMIG30I2142 |
Region:
Global |
Published Date: July, 2024
Pages:
265
|
Tables:
34 |
Figures:
74
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.
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Report ID: SQMIG30I2142