Press release
Global French Fries Market Trends, Industry Size, Share, Analysis And Forecast To 2033
Global French Fries Market
The Business Research Company offers in-depth market insights through French Fries Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The french fries market size has grown strongly in recent years. It will grow from $16.38 billion in 2023 to $17.45 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth of fast-food restaurants, and a rise in disposable income.
The french fries market size is expected to see strong growth in the next few years. It will grow to $21.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing demand for ready-to-eat products, rise in the youth population, increasing online food delivery, and rising urbanization. Major trends in the forecast period include increasing investments, focus on adoption of robots in food preparation, increasing focus on offering healthier french fries options, products innovations, and focus on launching french fries that are suitable for vegan diets.
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Market Segmentation:
The french fries market covered in this report is segmented -
1) By Product: Fresh, Frozen
2) By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online, Distributors, Direct Purchase
3) By End-Use: Food Service, Retail
Major Driver - Ready-To-Eat Food Demand Fuels Growth In The French Fries Market
The rise in demand for ready-to-eat food is expected to propel the growth of the French fries market going forward. Ready-to-eat (RTE) foods are a type of food that is pre-cleaned, pre-cooked, wrapped and ready to consume without any prior preparation or cooking. Salads, cooked meats, smoked fish, sweets, sandwiches, cheese, and foodstuff cooked ahead of time to serve cold are instances of ready-to-eat items. French fries, a popular fast food and side dish prepared from thinly sliced potatoes that are deep-fried, are frequently used as a ready-to-eat (RTE) snack or side dish, resulting in the growth of the French fries market. For instance, in January 2022, according to India's Ministry of Commerce and Industry, ready-to-eat food exports climbed by 24% to $ 394 million in 2021-22 compared to 2020-21 (April-October) (April-October). Furthermore, according to Euromonitor estimate, retail sales in Japan's packaged food sector accounted for $216.3 billion in 2022. Therefore, the rise in demand for ready-to-eat food is driving the growth of the French fries market.
Competitive Landscape:
Major companies operating in the french fries market report are McCain Foods Limited, Lamb Weston Holdings, Inc, Farm Frites International B.V, JR. Simplot Company, The Kraft Heinz Company,Aviko B.V., Checkers Rally's, Albert Bartlett and Sons, Agristo N.V., Agrarfrost, Wow! Momo, Burger Singh, Box8, Bendotti/WA Chip, Birds Eye, Kaida, Landun Xumei Foods Co. Ltd, Dicos, Zhucheng Dragon Fritopack Co., Ltd, Real Kungfu, Joyvio Group, Belaya Dacha Group, Miratorg Agribusiness Holding, Selkhozinvest, COMPRODCOOP SA, Tomfrost, Intended Foods, Ore-Ida, Alexia Foods, Cavendish Farms, Pepsico, Agrícola Chapi, Frozen Express, Bem Brasil Alimentos LTDA, Del Ande Alimentos SAC, Freshky, Al Islami Foods, Al Kabeer Groupe, Wafrah for Industry and Development, McDonald's, Burger King, Hardee's, Johnny Rockets, Nature's Garden Pty (Ltd), Sano Foods, The Nile Egyptian Co, OK Fruits LLC, Maysa French Fries
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Top Trend - Innovative Product Offerings Driving Evolution In The French Fries Market
Product innovation is a key trend gaining popularity in the French fries market. Major companies operating in the French fries market are adopting new technologies to sustain their position in the market. For instance, in July 2022, The H. J. Heinz Company, a US-based food processing company, launched Spoon Made of Fries to get a perfect dollop of sauce. Heinz's innovative Spoon Friez is without a doubt the best invention. Chips shaped like a spoon (Spoon! Shaped! Chips!) that can scoop up just the proper amount of ketchup, putting an end to the pain of crisp, white tops up. The small potato spoons gather up the correct amount of Heinz tomato ketchup every swallow, making them an excellent substitute for adult bibs.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. French Fries Market Characteristics
3. French Fries Market Trends And Strategies
4. French Fries Market - Macro Economic Scenario
5. French Fries Market Size And Growth
…..
27. French Fries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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