North America French Fries market is expected to grow at a CAGR of 3.31% from 2020-2026
Published | 07 March 2020
According to BlueWeave Consulting, The North America French Fries market has reached USD 2.07 Billion in 2019 and projected to reach USD
10.06 Billion by 2026 at a CAGR of 3.31% during the forecast period from
2020-2026. The French fries market in North America is driven by an increase in
the affinity of consumers toward fast food as well as an increase in the number
of people preferring to eat outside overcooking.
French fries are thin strips
of potato which are either baked or fried. They are consumed worldwide as
snacks or as facet dishes with alimentation. French fries have been very
popular in the U.S. and Canada. This can be attributed due to the rising
consumption of easy and fried food. In addition, the increase in disposable
income, the increase in the number of fast-food outlets, and the increase in
the penetration of online shopping and the acceptance of home delivery services
are essential factors which are driving the growth of the French Fries industry
in North America. However, the negative impact of fried food on human health
acts as the major restraint for this market. On the contrary, the introduction
of healthy varieties of French fries such as low carbohydrate and air
fried/baked fries are expected to provide opportunities for the growth of the
North American French fries market.
Quick
Service Restaurants (QSR) segment in North America French Fries market
estimated to have the fastest growth during the forecast horizon
The Quick Service
Restaurants (QSR) segment is dominating the distribution channel segment in the
French Fries market during the forecast period of 2026. Customer expectations
and personal income push the French fries demand. Product productivity relies
on effective marketing and productive operations. Large companies have
advantages in accounting, buying, and marketing, whereas small companies can
compete effectively by providing the superior service or food. Consumers are
looking for the convenience of dining out, but are attracted to the low prices
of fast-service restaurants over table-service restaurants. Many QSR franchises
have capitalized on the recession by introducing new offers in addition to
their already low-priced menus.
Busy
worklife and change in lifestyle lead the North America French Fries market
The French fries market in
North America is projected to experience a steady growth over the forecast
period, which can be attributed to increased consumer preference towards fast
food due to busy lifestyle. Increasing the number of people eating out at
restaurants additionally helps the growth of French fries on the North American
market. Increase in women workforce coupled with resultant time‐constraints or busy
worklife.
The
increasing number of quick service restaurants prompting growth trend
Quick service restaurants
are also called fast-food restaurants. The QSR (Quick Service Restaurant)
industry is one of the most dynamic segments of the food and beverage industry.
The Quick service restaurant is the most lucrative format of the restaurant
sectors. Quick service restaurants are part of a restaurant chain such as KFC
or McDonalds. Fast food is highly processed and served in the cartons and bags.
The food is prepared at a central supply facility and then shipped to consumer
locations where they are cooked quickly in response to incoming orders.
U.S.
is expected to grow at a remarkable rate in North America French Fries market
during the anticipated period.
By country, the U.S. was the
most prominent market and is estimated to dominate the North America French
fries market through 2020-2026 due to the growing fast food industry in this
region. This can be traced to the region's increased consumption of fried foods
and other popular packaged foods. In addition, the rise is also complemented by
an increase in 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.
Browse Detailed Table of
Contents, “North America French Fries
Market Size, 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), and By
Region (U.S., Canada); Trend Analysis, Competitive Market Share & Forecast,
2016-26”
AT
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.
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