Global Frozen Finger Chips Market,By Type(Plain, Masala); By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Direct Purchase, Distributors); By End-Use(Food Service, Retail); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2020-2027
- Published Date: April 2021
- Report ID: BWC20311
- Available Format: PDF
- Page: 179
Global Frozen Finger Chips Market Size – Industry Trends & Forecast Report 2027
The global frozen finger chips market is growing with a CAGR of 3.7 % and touched USD 20.72 Billion in 2020. The market is expected to reach USD 26.35 Billion by 2027. The global frozen finger chips market is driven by factors such as the rising acceptance of western-style cuisine amongst the young generation. Globally, a growing young population is embracing Western culture, which has resulted in a rise in fast-food restaurants and junk food consumption.
Source: BlueWeave Consulting
Global Frozen Finger Chips Sales Market Overview:
Finger chips, one of the most readily accessible foods, are prepared either by frying or baking. Many producers offer certified organic and sweet potato varieties, which are popular trends in the market. Frozen finger chips are a popular alternative to freshly cut potatoes, as they are convenient to cook and can be stored for relatively long periods while maintaining quality and taste. These readily accessible foods are available in various shapes, sizes, and flavors. The rising popularity of frozen finger chips can be attributed to fast-paced lifestyles, the growing preference for western-style snacks among youngsters, the popularity of fast food joints, application in households/foodservice sector, and the growing impact of western culture in developing markets.
Global Frozen Finger Chips Sales Market Forecast and Trends
Increasing demand for ready-to-eat snacks and convenience foods across the globe
The market is primarily driven by increasing demand for ready-to-eat snacks and convenience foods worldwide. This can be accredited to the busy lifestyles of working professionals, changing dietary preferences of consumers, and rising disposable income levels. Moreover, the widespread popularity of many global cuisines and the westernization of food consumption patterns are also boosting the demand for frozen French chips worldwide.
Rapid urbanization and changing consumer habits have considerably contributed to the growth of the market. Additionally,the proliferation of fast-food chains in developing economies is propelling market growth. Such fast food outlets are comparatively cheaper than restaurants, which is a significant factor encouraging the growth of these joints besides boosting the global sales of frozen finger chips.
Increasing Health-Related Issues
A few restraints and challenges such as health-related issues will hamper the market growth.The higher consumption of fried potatoes increases the risk of chronic diseases, such as obesity, hypertension, and diabetes, which are also influential risk factors for cardiovascular diseases. Moreover, French fries fried at too high temperatures are likely to contain trans fats, leading to an increased risk of premature death. According to experts, those who consume French fries more than twice a week have an increased risk of dying. These factors are the potential restraints hampering the overall global frozen finger chips (frozen French fries) market.
Impact of COVID-19 in the industry
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to almost every country across the world, prompting the World Health Organization to declare it a public health emergency.Global impacts of COVID-19 are already being felt by the Frozen Finger Chips market, which will bear the brunt of the pandemic in the coming years.Due to the spread of coronavirus, complete lockdowns and stay-at-home regulations have been enforced by the governments of different countries across the globe. Since the eruption of Covid -19, fast-food sales have fallen sharply. Moreover, the cancellation of all sports events like basketball, baseball, cricket, etc., has massively reduced the number of places where french fries are served. Even sports bars where customers would have munched on fries' baskets as they observed their favorite teams play are now closed.
Global Frozen Finger Chips Sales Market: By Distribution Channels
Based on Distribution Channels, the Global Frozen Finger Chips Sales Market is divided into Supermarkets/Hypermarkets, Convenience Stores, Direct Purchase, and Distributors.Supermarkets/ Hypermarkets are much bigger markets having a large pool of FMCG products. Hypermarkets store frozen finger chips of various brands than a supermarket. Convenience stores are small retail shops having long opening hours anda limited number of everyday items. A majority of consumers prefer buying frozen finger chips from convenience stores in their neighborhood. Therefore, convenience stores lead the distribution channel segment.
Global Frozen Finger Chips Sales Market: By End-Use
Based on the end-use, the market has been bifurcated into food service and retail. Among these, the foodservice segment accounts for the majority of the total market share. The reasons can be contributed to the expansion of fast-food chains worldwide, busy lifestyles, and increasing purchasing power of the working population. The growing popularity of western cuisines has also fostered the acceptance of this segment.
Global Frozen Finger Chips Sales Market: Regional insights
On the geographical front, Europe holds a prominent position in the market. Other major regions include North America, the Asia-Pacific, Latin America, and the Middle East and Africa. Europe currently acts as the world’s largest frozen finger chips market, followed by North America and the Asia Pacific.A large population eating out at restaurants drive the growth of the frozen finger chips market in the North American market. Other reasons that motivate the growth of the North American French fries market comprise a rise in disposable income, a rise in the number of fast-food restaurants, and surge inaccessibility due to an increase in penetration of online shopping and acceptance of home delivery facility.
In February 2011, McCain Foods Limited invested heavily in TruLeaf Sustainable Agriculture and its wholly-owned subsidiary GoodLeaf Farms, Canada’s largest commercial vertical farming operation, to aid the company’s growth and expansion plans.
On March 5th, 2021, Key Technology, a member of the Duravant family of operating companies, introduced Global View™, a patented new software-driven platform for their VERYX® digital sorters.
Key players in the global frozen finger chips market are McCain Foods Limited,JR Simplot,Lamb-Weston,Farm Frites,Aviko,11er Nahrungsmittel GmbH,Agrarfrost,Agristo NV,Al-Salam Cooling Co.,Albert Bartlett and Sons,Ore-Ida,Alexia,Trader Joe’s,Kroger, and other prominent players.
The market position is mostly fragmented with a large consumer base inclined towards fast food intake. Increasing manufacturing offast food and some mergers and acquisitions are set to
bolster the competitive market worldwide.
McCain Foods Ltd. is a leading manufacturer of
frozen finger chips in the world. Leading fast-food chains, hotels,
restaurants, and catering firms use McCain’s frozen finger chips, which are
also common for in-home consumption.
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2027
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina,AUAE, South Africa, Saudi Arabia
ByType,By Distribution Channel,By End-Use,By Region
Key players for Global Frozen Finger Chips Market areMcCain Foods Limited,JR Simplot,Lamb-Weston,Farm Frites,Aviko,11er Nahrungsmittel GmbH,Agrarfrost,Agristo NV,Al-Salam Cooling Co.,Albert Bartlett and Sons,Ore-Ida,Alexia,Trader Joe’s,Kroger and other prominent players.
By Distribution Channel
Ø Convenience Stores
Ø Direct Purchase
Ø Food Service
Ø The Asia-Pacific
Ø North America
Ø The Middle East & Africa
Ø Latin America
1. What is the current size of the Global Frozen Finger Chips Market?
Answer : Global Frozen Finger Chips Market has reached USD 20.72 Billion in 2020 and is projected to reach USD 26.35 Billion by 2027, growing at a CAGR of 3.7 %.
2. What are the major factors driving the growth of the Global Frozen Finger Chips Market?
Answer: Increasing demand for ready-to-eat snacks and convenience foods across the globe.
The market is majorly driven by the increasing demand for ready-to-eat snacks and convenience foods across the globe.
3. Who are the key players in the Global Frozen Finger Chips Market?
Answer: McCain Foods Limited,JR Simplot,Lamb-Weston,Farm Frites,Aviko,11er Nahrungsmittel GmbH,Agrarfrost,Agristo NV,Al-Salam Cooling Co.,Albert Bartlett and Sons,Ore-Ida,Alexia,Trader Joe’s,Kroger, and other prominent players.
4. Which segment accounted for the largest Global Frozen Finger Chips Market share?
Answer: Based on the end-use, the foodservice segment accounts for the majority of the total market share.
Answer: Convenience stores lead the distribution channel segment
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