March 2020
BWC19411

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north america french fries market bwc19411
North
America French Fries Market Forecast and Trends
The North America French
Fries market has reached USD 2.07 Billion in 2019 and predicted to reach USD
10.06 Billion in 2026 at a CAGR of 3.31% during the forecast period from
2020-2026, owing to the rising western style cuisine amongst youngsters.
The French fries demand in
North America is driven by a rise in customer preference for fast food as well
as an increase in the number of people preferring to eat without overcooking.
Furthermore, the rise in the number of fast-food outlets, the increase in
disposable income of people in the region coupled with the growing penetration
of online shopping, and the adoption of home delivery services make way for the
growth of the French Fries market in North America. Nevertheless, health issues
such as obesity and heart disease associated with fried food serve as a
significant barrier to the development of the French Fries market in the United
States and Canada. On the contrary, the launch of healthier types of French
fries, such as low carbohydrate and air fried/baked, is projected to provide
opportunities for the growth of the French Fries market in North America.
North
America French Fries Market Overview:
French fries are thin strips
of potatoes that are either baked or fried. They are consumed worldwide as
snacks or as facet food dishes. In the Forties, in most regions, freshly cut
potatoes were replaced by frozen French fries as they were comfortable and
provided a consistent style and quality. Around 80 % of frozen French fries are
used by the foodservice industry and the rest of the retail sector. This food
item is often served alongside the main meal at lunch or dinner. Various kinds
of French fries are available on the market for purchase by customers, ranging
from simple salted flavors to spicy versions. French fries are one of the most
popular fast food options in fast-service restaurants and full-service
restaurants.
Growth
drivers
The growth in number of
quick service restaurants
One of the most diverse
divisions of the food and beverage sector is the QSR (Quick Service Restaurant)
market. The Quick Service Restaurant is the restaurant sector's most profitable
model. Due to advantage of the Quick Service Restaurant that it is a particular
type of restaurant which serve the fast food meals and providing little table
service. The popularity of smartphones and mobile apps in quick-service
restaurants has resulted in numerous developments in point of sales systems.
Restraints
Rising Health Awareness
Eating French fries leads to
high blood pressure, low "healthy" HDL cholesterol and obesity, all
of which are cardiac risk factors. French fries are deep-fried in oil, they are
very high in fat and calories and, if eaten daily, can present some serious
health risks. French fries also contain acrylamide and a lot of water and
cancer-related chemicals. Such factors were creating an obstacle in the growth
of the French fries market across the North American region.
North
America French Fries Market: Type
Based on Type, French Fries
market segmented into Regular and Frozen. The frozen segment was the most
prominent one and is estimated to remain dominant in type segment during the
forecast period of 2026 across the region. This is attributed to ease of
storage owing to the high shelf life of frozen products over conventional
products.
North
America French Fries Market: Age Group
Based on Age group, the
French Fries market segmented into Below 18 Years, 20 - 35 Years Old, Above 35
Years Old. By age group, 20 years-35 years old leads the French fries market
and is also North America's top competitor during the forecast period. This can
be due to the increase in reliance in the U.S. and Canada on fast food, busy
lives, and the desire to have easy meal options among this generational group.
North
America French Fries Market: Distribution Channel
Based on Distribution
Channel, the French Fries market segmented into Quick Service Restaurants
(QSR), Institutional, Retail Outlets, online and others. The QSR segment is
dominating the market and has the highest share in the French Fries market and
is estimated to increase at a significant growth rate across the region This
segment's rise is led by an increase in the number of Quick Service Restaurants
(QSRs) along with an increase in the number of people who prefer to eat
outdoors.
North
America French Fries Market: Regional insights
Based on the region, the
French Fries market is segmented into U.S., Canada. By country, the U.S. was
the most prominent market and is estimated to dominate the North America French
fries market through 2020-2026. The key players in the industry have adopted
several strategies such as expansion, product launch, and acquisition as their
go-to strategies to stay competitive in the market. In addition rising trend of
working population reliance on fast food due to busy lifestyles and
improvements in consumption behavior. Therefore, the growth of the fast-food
industry is estimated to a positive impact on the U.S. French fries market over
the forecast period.
French
Fries Market: Competitive Landscape
The major market players in
the French fries are Agristo Nv, Alexia Foods, Aviko (Royal Cosun), Cavendish
Farms, J.R. Simplot Company, Lamb Weston Holdings Inc., Luxfries Bvba, Mccain
Foods Limited, Nathan’s Famous Inc., Ore-Ida, McCain, Farm Frites, Kroger,
Al-Salam Cooling Co., Other Prominent Players are expanding their presence in
the market by implementing various innovations and technology.
Recent
Developments:
In
November 2019, McCain Foods commits USD 80 million for
production expansion in Grand Falls, New Brunswick facility towards the
creation of a new Formed Potato Specialty.
In
October 2019, Cavendish Farms Opens New USD 430 Million
Frozen Potato Processing Plant in Lethbridge, Alberta.
In
September 2019, McCain Foods announces its investment in an
innovative Farms of the Future program.
In
August 2019, Cavendish Farms Announces New Potato
Research Centre in Prince Edward Island.
The
objective of the Study:
To analyze and forecast the
North America French Fries market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the North America French Fries market into 2 countries
namely United States and Canada.
To outline, categorized and
forecast the North America French Fries market based on the type, age group,
distribution channel, and region.
To examine competitive
developments like technological advancement, services, and regulative framework
within the North America French Fries Market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Scope of the Report
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 |
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
|
Facts Covered |
Revenue in USD Million/Billion |
Market Coverage |
U.S, Canada |
Product/Service Segmentation |
By Type |
Key Players |
Agristo Nv, Alexia Foods, Aviko (Royal Cosun), Cavendish Farms,
J.R. Simplot Company, Lamb Weston Holdings Inc., Luxfries Bvba, Mccain Foods
Limited, Nathan’s Famous Inc., Ore-Ida, McCain, Farm Frites, Kroger, Al-Salam
Cooling Co., Other Prominent Players |
By Type
·
Regular
·
Frozen
By Age Group
·
Below 18 Years
·
20 - 35 Years Old
·
Above 35 Years Old
By Distribution Channel
·
Quick Service Restaurants (QSR)
·
Institutional
·
Retail Outlets
·
Online
·
Others
By Region
· U.S.
·
Canada
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