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The global frozen finger chips (frozen French fries) market reached a value of US$ 21.6 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 26.1 Billion, growing at a CAGR of 3.20% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different industries. These insights are included in the report as a major market contributor.
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. They can be prepared by using white and sweet potato. As compared to their fresh counterparts, frozen finger chips are more convenient as they are quicker to cook and serve while offering an equivalent taste and quality. These products also offer a longer shelf life, are easy to store, and absorb lesser oil during the frying process. On account of these properties, frozen finger chips are extensively used across the foodservice and household sectors.
Frozen Finger Chips (Frozen French Fries) Market Trends:
Currently, the frozen finger chips (frozen French fries) market is largely being driven by the rising popularity of western cuisines amongst the younger demographic, increasing establishment of fast-food restaurant chains, changing lifestyles, and rising income levels. This is further supported by the introduction of new shapes, flavors and varieties of frozen finger chips across the globe. Besides this, changing consumption patterns and rising urbanization, particularly in developing countries, are creating a positive outlook for the market. Moreover, the increasing working population has led to a rise in the hectic lifestyle schedules, which, in turn, is leading to the inflating sales of frozen finger chips. Furthermore, several players have been expanding their customer base by selling their products through online retail channels, which is influencing the market growth positively.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the frozen finger chips market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on end use.
Breakup by End Use:
Breakup by Region:
The competitive landscape of the market has been examined in the report and the profiles of key players have also been provided.
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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