According to the latest report by IMARC Group, titled "Frozen Finger Chips (Frozen French Fries) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global frozen finger chips market size reached US$ 21 Billion in 2019. Finger chips or French fries refer to thin strips of potatoes that are either baker or fried. They are usually seasoned with salt and spices to resemble a light-yellow color and crisp texture. The frozen variants of these fries are widely popular among the masses as they are more convenient as compared to their fresh counterparts. Frozen finger chips are easier and quicker to prepare and require lesser amounts of oil for their preparation. They also preserve the taste and quality of the fresh potatoes while offering an extended shelf life. They are further stored in air-tight packaging bags that facilitate easy storage while preventing the product from moisture or microbiological spoilage.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Frozen Finger Chips (Frozen French Fries) Market Trends:
The global market is primarily driven by the growing preference for ready-to-eat snacks. Shifting dietary preferences and inflating per capita income levels have contributed to the increasing demand for fast foods, which is providing a thrust to the market growth. The growing inclination of working professionals toward convenience foods on account of their hectic lifestyle and busy schedules has also bolstered the demand for frozen French fries. The increasing popularity of various global cuisines and the westernization of food consumption patterns, coupled with the enhanced convenience associated with their usage, have led to a rise in the sales of these frozen products. Furthermore, several players are now launching a vast array of innovative variants in the market with unique shapes and flavorings to cater to the diversified preferences of the consumers. They have introduced masala- and peri-peri-flavored French fries in curly- or crinkle-shapes, which are gaining widespread preference among individuals. The market is further driven by the rapid expansion of organized and online retail platforms, along with the advancements in production technology. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 7.3 Billion by 2025, registering a CAGR of 2.6% during 2020-2025.
- Based on the end-use, the market has been bifurcated into food service and retail. Among these, the food service segment accounts for the majority of the total market share.
- On the geographical front, Europe holds the leading position in the market. Other major regions include North America, Asia Pacific, Latin America, and Middle East and Africa.
- The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players. Some of these players include McCain Foods Limited, J.R. Simplot Food Group, Lamb Weston Holdings, Inc., Aviko B.V., and Farm Frites International B.V.
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