The global frozen potato market is set to witness growth at a CAGR of 5.8% and top the valuation of US$ 92.4 Bn by 2032.
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.
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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.
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.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global frozen potato market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
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The study offers compelling insights based on product type (potato fries, potato wedges, stuffed potatoes, potato slices, potato chunks, potato dices, baked potato, other), end user (commercial use, residential use), distribution channel (b2b, b2c (hypermarkets/supermarkets, convenience stores, specialty stores, retail stores, online retail)), across seven major regions of the world.
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Explore FMI's Other Extensive Reports of Food & Beverage:
Potato Protein Market Size : The global demand for potato protein market value is expected to reach US$ 249.1 Million by 2032
Potato Flakes Market Share : The global market value for the potato flakes market was USD 21,328.3 Mn in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.3 % from 2022 to 2032.
Frozen Ready Meal Market Forecast : The global frozen ready meals market size is estimated to be USD 40.8 Bn in the year 2022 that is expected to grow at a CAGR of 8.2% to reach USD 89.7 Bn by the year 2032.
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