French Fries Market Report Overview:
The French Fries Market research emphasizes key factors like market share, distributor networks, primary suppliers, evolving price trends, and the raw material supply chain. Anticipated to exhibit notable growth during the forecast timeframe, the global French Fries market experienced steady development . With prominent players implementing diverse strategies, the market is poised to witness continued growth throughout the projected period. The French Fries Market report provides comprehensive insights to companies, offering a deep understanding of the dynamics within the global industry.
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Market Scope and Research Methodology
Maximize Market Research’s report delivers crucial insights for a diverse audience, including clients, service providers, suppliers, distributors, manufacturers, and stakeholders. The analysis facilitates an in-depth examination of the French Fries market. This comprehensive study encompasses data on the changing investment landscape, technological innovations, market trends, and competitive developments.
Key Drivers of Market Growth
Rising Demand for RTE Foods
The growing preference for ready-to-eat products has significantly propelled the French fries market. For instance, RTE food exports from India grew by 24% in 2022, reflecting a global shift toward convenience.
Online Food Delivery Trends
Online food delivery platforms like Uber Eats, Swiggy, and Food Panda have further driven demand. With 60% of Americans ordering delivery weekly, French fries remain a favored menu item, contributing to the market’s dynamic growth.
Global QSR Expansion
Quick Service Restaurants (QSRs) such as McDonald’s and KFC continue to dominate the market by leveraging frozen French fries for consistency and quality. Notably, McDonald’s purchases approximately 3.4 billion pounds of potatoes annually, highlighting the fast-food giant’s influence on market trends.
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French Fries Market Segmentation:
by Product
Fresh
Frozen
The French fry market is divided into two segments based on product: fresh and frozen. In 2023, frozen fries held a 59.45% market share. The type of frozen fries is being driven by consumers’ concerns about the basic taste they anticipate. People observe that the fries in fast-food places like KFC and McDonald’s are frozen. People frequently assume that fresh food has superior flavor and quality, however variations in potato oil, temperature, and moisture can cause significant variations in the texture and flavor of fresh-cut fries. The use of frozen French fries will eliminate this issue for you. This is the main factor propelling the frozen French fries market’s expansion.
by Type
Classic Fries
Waffle Fries
Curly Fries
by Application
Food Service
Household
French Fries Market Key Players:
1. McCain Foods Ltd.. – Canada
2. J.R. Simplot Company – USA
3. Lamb Weston Holdings, Inc. – USA
4. Farm Frites International B.V. – Netherlands
5. Aviko – Netherlands
6. Ore-Ida – USA
7. Alexia Foods – USA
8. 11er Nahrungsmittel GmbH – Germany
9. Agrarfrost – Germany
10. Agristo NV – Belgium
11. Hofmann – Germany
12. Lamb Weston / Meijer – Netherlands (European joint venture)
13. Intersnack – Germany
14. Südstärke – Germany
15. Goya Foods – USA
16. PepsiCo (Frito-Lay) – USA
17. Dole Food Company – USA
18. ConAgra Foods – USA
19. Manitoba Harvest – Canada
20.Suntory Beverage & Food Limited – Japan
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French Fries Market Regional Analysis:
North America
North America accounted for 36.8% of the global French fries market in 2023. Key factors driving growth include the proliferation of fast-food chains and rising disposable incomes.
Europe
Belgium and the Netherlands lead frozen potato production, with significant exports to the UK. Europe remains the second-largest market, supported by established production hubs.
Mergers and Acquisitions Reshaping the Market
Recent Developments
Lamb Weston Holdings acquired Meijer Frozen Foods B.V.’s remaining equity interests for €525 million in 2023, strengthening its European footprint.
Kraft Heinz and Simplot Food Group entered a long-term partnership in 2022, with Simplot now exclusively manufacturing Ore-Ida products.
McCain Foods doubled its facility size in Coaldale, Alberta, in a significant expansion project announced in 2023.
Global Focus on Strategic Growth
Countries like Vietnam, Thailand, Singapore, Japan, and South Korea are witnessing heightened M&A activities, aimed at tapping into regional opportunities. European players continue to leverage their dominance in potato production, while the U.S. remains a leader in technological advancements in processing.
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Key Questions answered in the French Fries Market Report are:
- What are the market segments?
- Which production technology is utilized for French Fries?
- What trends are driving the market growth?
- Who are the global key players in the French Fries market?
- What is the global market status of the French Fries market?
- What was volume, manufacture value, price, and revenue of French Fries market?
Key Offerings:
- Market Overview: A comprehensive introduction to the market landscape.
- Market Share Analysis: Insight into the competitive positioning of market players.
- Market Size Estimates: Detailed projections based on extensive research.
- Revenue Forecasts: Anticipated financial performance over the coming years.
- Market Dynamics: In-depth exploration of growth drivers, restraints, investment opportunities, and key trends.
- Market Segmentation: A meticulous analysis of segments, sub-segments, and regional performance.
- Competitive Landscape: Overview of top key vendors and other significant market participants.
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