Frozen Potato Market - Growth, Statistics, By Application, Production, Revenue & Forecast To 2032
The global frozen
potato market size was
valued at US$ 58.5 Bn in 2022 and it is expected to grow at
a CAGR of 5.8% from 2022 to 2032. Frozen potato sales are
likely to account for ~6.0% of the demand in the global frozen
potato market, valued at US$ 58.5 Bn in 2022.
As global potato output is increasing, food manufacturers
are getting more opportunities to introduce a wide range of potato-based
food products, both fresh and frozen, resulting in a surge of new product
launches in recent years.
Moreover, the excellent nutritional content of frozen potato
products is also one of the fundamental reason for their rising consumption.
For example, according to the United States Department of
Agriculture, 100 grams of potatoes provide around 4% of the RDA for
calorie consumption, 6% of the RDA for carbohydrates, 9% of the RDA for dietary
fiber, 4% of protein, and 33% of the RDA for vitamin C, among other nutritional
intake requirements.
Key Takeaways from Market Study
- The
frozen potato market is expected to expand at 2.7% and 5.9% CAGR in North
America and Latin America, respectively through 2032.
- The
Europe frozen potato market is expected to witness CAGR of 3.5% over the
forecast period.
- Among
the product type segment, potato fries are expected to hold significant
share of 42.6% in 2022 and it is expected to grow with significant CAGR of
2.9% over the forecast period.
- The
commercial use segment is expected to account for 83.6% in 2022 and it is
expected to grow at CAGR of 3.5% over the forecast period.
- Among
the distribution channels, the B2B segment will hold 73.4% share in 2022
and it is expected to grow with CAGR of 3.4% over the forecast period.
“Sales of frozen potato products will rise considerably
as consumers around the globe are shifting to plant-based fast
foods in response to concerns about the environmental impact of meat
consumption,” says a Future Market Insights analyst.
Competitive Landscape
Understanding the ongoing demand for frozen potato products
several food product manufacturers are entering into the frozen potato market
by introducing their own from potato range.
- On
January 2021, Aviko who is one of the world’s biggest manufacturers of
chips and added value potato products launched its frozen potato range.
- In
2017, Amul one of the leading milk co-operative launched its frozen potato
products in India.
Frozen Potato Market by Category
By Product Type, Frozen Potato Market is segmented as:
- Potato
Fries
- Potato
Wedges
- Stuffed
Potatoes
- Potato
Slices
- Potato
Chunks
- Potato
Dices
- Baked
Potato
- Other
By End User, Frozen Potato Market is segmented as:
- Commercial
Use
- Residential
Use
By Distribution Channel, Frozen Potato Market is
segmented as:
- B2B
- B2C
- Hypermarkets/Supermarkets
- Convenience
Stores
- Specialty
Stores
- Retail
Stores
- Online
Retail
By Region, Frozen potato Market is segmented as:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East and Africa
Key Questions Answered in the Report
How big is Frozen Potato Market?
What is the North America Frozen Potato Market Outlook?
Which is the Top-Selling Frozen Potato Type?
At What Rate Will Frozen Potato Demand Grow in Europe?
Who are The Key Players in Frozen Potato Market?
Information Source: https://www.futuremarketinsights.com/reports/frozen-potato-market
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