Press release
French Fries Market Size Projected To Reach $23.25 Billion By 2034 With A Cagr Of 5.8%
French Fries
What Is the Projected Growth of the French Fries Market?
The size of the french fries market has notably expanded in the past few years. The market is projected to increase from $17.45 billion in 2024 to $18.54 billion in 2025, displaying a compound annual growth rate (CAGR) of 6.2%. The substantial growth experienced in the previous period can be attributed to the robust economic development in burgeoning markets, the expansion of fast-food establishments, and an increase in disposable income.
In the coming years, the french fries market is projected to witness robust expansion, with the size expected to reach $23.25 billion in 2029 at a compound annual growth rate of 5.8%. This anticipated surge during the forecast duration is due to rising demand for ready-to-consume products, an increase in the young demographic, growing online food delivery services, and heightened urbanization rates. The period also sees some noticeable trends: an upswing in investments, the introduction of robots in food preparation, heightened focus on providing healthier french fry alternatives, product innovation, and the introduction of vegan-friendly french fries.
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What Are the Different French Fries Market Segments?
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
Subsegments:
1) By Fresh: Whole Fresh Potatoes, Freshly Cut French Fries
2) By Frozen: Frozen Raw French Fries, Frozen Pre-Cooked French Fries, Frozen Specialty French Fries
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What Are the Primary Drivers Shaping the French Fries Market?
The growth of the french fries market is anticipated to be fuelled by the increasing demand for ready-to-eat food. Prepared, pre-cleaned, packaged, and consumable without any prior cooking or preparation, ready-to-eat (RTE) food is a convenience for many. This category includes items like salads, cooked meats, smoked fish, sweets, sandwiches, cheese, and meals prepared in advance to be served cold. With french fries being a prevalent fast food and side dish made from thin, deep-fried potato slices, their use as a RTE snack or side dish has led to a growth in the french fries market. For example, the Ministry of Commerce and Industry in India reported a 24% increase in ready-to-eat food exports in January 2022, rising to $394 million in 2021-2022 from 2020-2021 (April-October). Likewise, Euromonitor estimates that retail sales in Japan's packaged food sector reached $216.3 billion in 2022. Therefore, the escalating demand for ready-to-eat food is propelling the french fries market expansion.
Which Companies Are Leading in the French Fries Market?
Major companies operating in the french fries market include 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, 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, Nature's Garden Pty (Ltd), Sano Foods, The Nile Egyptian Co, OK Fruits LLC, Maysa French Fries
What Are the Major Trends Shaping the French Fries Market?
Innovation in product development is becoming an increasingly significant trend within the French fries market. Big firms in this sector are turning to new technologies to maintain their competitive edge. An example of this is The H. J. Heinz Company, a food processing operation based in the US, which released the Spoon Made of Fries concept in July 2022 to provide the perfect amount of sauce. The innovation of Spoon Friez by Heinz is considered exceptionally ingenious. These spoon-shaped chips allow for the perfect dollop of ketchup, solving the age-old problem of crisp, clean tops up. These diminutive potato spoons soak up the ideal quantity of Heinz tomato ketchup with each bite, presenting a superior alternative to adult bibs.
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What Are the Top Revenue-Generating Geographies in the French Fries Market?
North America was the largest region in the French fries market in 2024. The regions covered in the french fries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the French Fries Market?
2. What is the CAGR expected in the French Fries Market?
3. What Are the Key Innovations Transforming the French Fries Industry?
4. Which Region Is Leading the French Fries Market?
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