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 was worth US$ 21 Billion in 2019.
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, the global frozen finger chips market is expected 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?
Due to the outbreak of the coronavirus disease (COVID-19), lockdowns and stay at home regulations have been imposed in most countries. As a result, the sales of shelf-stable products, such as frozen finger chips, have escalated over the past few months.
The global frozen finger chips market was worth US$ 21 Billion in 2019.
The increasing preference for convenience foods, especially among the working and young populations, is the primary market driver.
The introduction of a vast array of innovative variants in the market with unique shapes and flavorings represents the major market trend.
The global frozen finger chips (frozen French fries) market is expected to reach US$ 7.3 Billion by 2025.
The global frozen finger chips (frozen French fries) market is expected to grow at a CAGR of 2.6% during the forecast period (2020-2025).
On the basis of the end-use, the market has been classified into foodservice and retail. Amongst these, the food service segment accounts for the biggest market share.
Region-wise, Europe holds the leading position in the market. Other major regions include North America, Asia Pacific, Latin America, and Middle East and Africa.
Leading players operating in the industry 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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