Latin America Frozen Finger Chips Market to Grow at 3.51% During 2024-2032, Propelled by the Growing Popularity of Fast-Food Products Among Millennials

December 12, 2022 | Food & Beverages

The latest report by IMARC, titled “Latin America Frozen Finger Chips Market Report by End Use (Food Service, Retail), and Country 2024-2032”, finds that the Latin America Frozen Finger Chips market is expected to exhibit a CAGR of 3.51% during the forecast period (2024-2032). Frozen finger chips are pre-cut thin potato strips that are either fried or baked before consumption. They are produced using sodium acid pyrophosphate, potatoes, dextrose, hydrogenated soybean oil, dimethylpolysiloxane, and citric acid. These chips are packed in air-tight bags to prevent the content from microbial spoilage or moisture and preserve them for a longer duration when stored inside refrigerators. Frozen finger chips are light yellow in color, need lesser amounts of oil for preparation and are usually seasoned with salt and spices. In recent years, frozen finger chips have gained traction as they are available in numerous shapes and sizes and are widely consumed in numerous cuisines as side dishes and snacks.

Latin America Frozen Finger Chips Market Trends:

One of the primary factors driving the market is the growing popularity of fast-food products across the Latin American region, especially among millennials. Additionally, due to the hectic lifestyles led by the working professionals, there has been escalating demand for increasing demand for ready-to-eat snacks and convenience foods like Frozen finger chips as they can be cooked and served quickly. Along with this, the changing dietary preferences of the masses due to the rapid westernization of food consumption patterns are creating a positive market outlook across the region. Besides this, the introduction of innovative product variants in the market by key players, such as peri-peri flavored frozen French fries, curly, crinkle, wedge cut, and shoestring fries, are positively influencing the market growth. Furthermore, the exponential growth in the food and beverage (F&B) industry, in confluence with the expanding disposable income levels of the masses, is propelling the market growth. Moreover, the easy product availability on online portals, rapid expansion of organized retail platforms, and the advancements in production technology are some of the other factors that are creating lucrative growth opportunities for key players operating in the industry.

Market Summary:

  • Based on the end use, the market has been bifurcated into food service and retail.
  • Country-wise, the market has been classified into Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.
  • The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units  US$ Billion
Segment Coverage End Use, Country
Countries Covered Brazil, Mexico, Argentina, Colombia, Chile, Peru
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Latin America Frozen Finger Chips Market to Grow at 3.51% During 2024-2032, Propelled by the Growing Popularity of Fast-Food Products Among Millennials
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