Overview and Scope
French fries are a popular snack that is created by slicing potatoes into even strips and deep frying them in oil. These are a frequent fast-food item sold in restaurants, fast-food chains, and food stalls.
Sizing and Forecast
The french fries market size has grown strongly in recent years. It will grow from $16.38 billion in 2023 to $17.45 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth of fast-food restaurants, and a rise in disposable income.
The french fries market size is expected to see strong growth in the next few years. It will grow to $21.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing demand for ready-to-eat products, rise in the youth population, increasing online food delivery, and rising urbanization. Major trends in the forecast period include increasing investments, focus on adoption of robots in food preparation, increasing focus on offering healthier french fries options, products innovations, and focus on launching french fries that are suitable for vegan diets.
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Segmentation & Regional Insights
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
North America was the largest region in the French fries market in 2023. The regions covered in the french fries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in demand for ready-to-eat food is expected to propel the growth of the French fries market going forward. Ready-to-eat (RTE) foods are a type of food that is pre-cleaned, pre-cooked, wrapped and ready to consume without any prior preparation or cooking. Salads, cooked meats, smoked fish, sweets, sandwiches, cheese, and foodstuff cooked ahead of time to serve cold are instances of ready-to-eat items. French fries, a popular fast food and side dish prepared from thinly sliced potatoes that are deep-fried, are frequently used as a ready-to-eat (RTE) snack or side dish, resulting in the growth of the French fries market. For instance, in January 2022, according to India’s Ministry of Commerce and Industry, ready-to-eat food exports climbed by 24% to $ 394 million in 2021-22 compared to 2020-21 (April-October) (April-October). Furthermore, according to Euromonitor estimate, retail sales in Japan’s packaged food sector accounted for $216.3 billion in 2022. Therefore, the rise in demand for ready-to-eat food is driving the growth of the French fries market.
Key Industry Players
Major companies operating in the french fries market report are 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, Wow! Momo, Burger Singh, Box8, 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, McDonald’s, Burger King, Hardee’s, Johnny Rockets, Nature’s Garden Pty (Ltd), Sano Foods, The Nile Egyptian Co, OK Fruits LLC, Maysa French Fries
The french fries market report table of contents includes:
1. Executive Summary
2. French Fries Market Characteristics
3. French Fries Market Trends And Strategies
4. French Fries Market – Macro Economic Scenario
5. Global French Fries Market Size and Growth
………….
32. Global French Fries Market Competitive Benchmarking
33. Global French Fries Market Competitive Dashboard
34. Key Mergers And Acquisitions In The French Fries Market
35. French Fries Market Future Outlook and Potential Analysis
36. Appendix
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