Finger Chips are thin strips of potatoes which are either fried or baked. They are consumed worldwide as side dishes with fast food or as snacks. In the 1940s, freshly cut potatoes were largely replaced by frozen finger chips as they were convenient and offered consistent quality and taste. More than 80% of the frozen finger chips are utilized by the foodservice sector and the rest by the retail sector. Currently, the market is largely driven by rising popularity of Western style cuisine amongst youngsters, expanding fast food restaurant chains, changing lifestyles, increasing incomes and urbanization. According to IMARC Group, the global frozen finger chips market reached a value of US$ 21.6 Billion in 2020.
The report segments the market on the basis of the region. Europe currently represents the world’s largest frozen finger chips market followed by North America and Asia Pacific. Looking forward, with the developed markets reaching maturity levels, the growth in emerging markets is expected to remain strong. The report also analyses the key players of the market which include McCain, JR Simplot, Lamb-Weston, Farm Frites and Aviko. Looking forward, IMARC Group expects the global frozen finger chips market to exhibit moderate growth during the next five years.
This report provides a detailed roadmap for setting up a frozen finger chips manufacturing plant. The study, done by one of the leading research and advisory firms, covers all the essential aspects of the frozen finger chips industry. This ranges from a comprehensive view of the market to minute details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists and all those who are planning to foray into the frozen finger chips industry in any manner.
Key Questions Answered in This Report?
The global frozen finger chips (frozen French fries) market size was valued at US$ 21.6 Billion in 2020.
According to the estimates by IMARC Group, the global frozen finger chips (frozen French fries) market is expected to to exhibit moderate growth during 2021 to 2026.
The increasing preferences for ready-to-cook and convenience food products, especially among the working and millennial population, represent one of the key drivers for the global frozen finger chips (frozen French fries) market.
The introduction of a vast array of innovative product variants with unique shapes and flavorings represents one of the key trends in the global frozen finger chips (frozen French fries) market.
Sudden outbreak of the COVID-19 pandemic has led to an increase in the sale of shelf-stable products, such as frozen finger chips, across various e-commerce platforms, thereby positively impacting the market.
On the basis of the end use, the market has been segmented into foodservice and retail. At present, foodservice represents the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global frozen finger chips (frozen French fries) market are McCain Foods Limited, John Richard Simplot Food Group, Lamb-Weston Holdings, Inc, Aviko B.V. and Farm Frites International B.V.
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