French Fries Market Overview
Global French Fries Market Size was valued at USD 15.4 Billion in 2022. The French Fries market industry is projected to grow from USD 16.3 Billion in 2023 to USD 24.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2023 - 2032). Quick-service restaurant demand is increasing globally, while online food delivery is becoming more and more popular, are the key market drivers enhancing the market growth.
French Fries Market Trends
Growing popularity of online food delivery is driving the market growth
Consider any of the several online meal delivery services, like UberEats, Swiggy, food Panda, etc. The ease and convenience with which these businesses offer food online has aided in the expansion of this market. An increase in the quantity of new goods being released by significant competitors in the French fry business is driving the market ahead. The QSR (Quick Service Restaurant) sector is one of the most diverse in the food and beverage business. The most money is made at fast food restaurants. A quick service restaurant's advantage is that you can have your food quickly and with little wait time. The increasing use of smartphones and mobile apps has been very advantageous for quick-service restaurant POS systems.
Today's consumers want immediate food over anything that needs them to wait. French fries are incredibly trendy because they are the most widely consumed snack across all age groups. Demand for ready-to-eat frozen foods is up 53% year over year, along with demand for frozen potatoes and ready-to-eat non-vegetarian snacks. Fries are without a doubt one of the foods that young people eat the most regularly. They come with deep-fried potato chips and ketchup or mayonnaise on the side. One of the most popular appetizers and a widely consumed side dish worldwide are french fries. In certain places across North America, even fish is served with them. A delightful Sunday night treat to share with family or friends is homemade French fries.
In addition to being a convenience, french fries represent westernization. In underdeveloped nations, frozen potato products are easily accessible, which boosts sales. Given their ease of preparation and consumption, French fries are a wonderful option for consumers who are busy. Try other variants, such as adding regional flavors to these French fries, to improve tastes as well. This may boost demand. As customers' food preferences and eating habits continue to change, the demand for French finger chips is also increasing. Due to the expanding trend of online purchasing, these frozen quick foods are easily accessible in far-off locations. The expansion of quick-service restaurants and meal delivery services like Uber Eats, Zomato, and Swiggy in first- and second-tier cities is also anticipated to boost sales of these French fries chips. Thus, driving the French Fries market revenue.
Scope of French Fries Market Report
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global French Fries Market. On the basis of historic growth analysis and current scenario of French Fries market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global French Fries market. This further helps users with their developmental strategy.
French Fries Key Market Players & Competitive Insights
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the French Fries market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The French Fries sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide French Fries industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the French Fries sector. Major players in the French Fries market, including McCain Foods Limited, J.R. Simplot Company, Lamb Weston, Farm Frites International B.V., Aviko, Ore-Ida, Cascadian Farm Organics, Alexia Foods, Checkers Rally’s, and Arby’s IP Holder, are attempting to increase market demand by investing in research and development operations.
Produced and sold are frozen potato products by Lamb Weston Holdings Inc. (Lamb Weston). The company's product portfolio includes fries, sweet potato fries, different potato items, and appetizers. Products from Lamb Weston are offered in a variety of formats, including straight, sliced, diced, and mashed. The company sells its products under a number of brand names, including Lamb Weston, Lamb Weston Supreme, Lamb Weston Private Reserve, Lamb Weston Colossal Crisp, Lamb Weston Stealth Fries, Lamb Weston Seasoned, Lamb Weston Crispy on Delivery, and Sweet Things. Its products are distributed to a variety of customers, including distributors, mass merchants, supermarket and specialty shops, foodservice distributors, educational institutions, regional chain restaurants, independent restaurants, and convenience stores. The corporation also has operations in Singapore, Australia, China, Mexico, Canada, and Japan in addition to the United States.
The J. R. Simplot Co. is a business that produces food and grows crops. It works in the distribution, manufacturing, processing of frozen foods, seed, and fertilizer industries. Simplot offers products for seed, specialized goods, frozen, canned, and fresh food items as well as products for plant fertilization and maintenance, crop protection, crop nutrition, and seed. Turf colourants, spray adjuvants, soil surfactants, turf and ornamental plant management products, turf fertilisers, controlled-release fertilisers, fertilisers for tees and greens, organic fertilisers, herbicide combinations, chemicals, supplies, animal health, and agricultural products are also offered by the company. Pest control, feedlot management, reproductive choices for dairy and beef cattle producers, custom application and sampling, crop advise, organic farming, and Simplot smart farms are just a few of the services the business provides. It operates in Europe, the Asia-Pacific area, and North America. The U.S. headquarters of Simplot are in Boise, Idaho.
Key Companies in the French Fries market include
- McCain Foods Limited
- R. Simplot Company
- Lamb Weston
- Farm Frites International B.V.
- Aviko
- Ore-Ida
- Cascadian Farm Organics
- Alexia Foods
- Checkers Rally’s
- Arby’s IP Holder
French Fries Industry Developments
January 2022: Simplifine, a food processing company in Kenya, has built an Individual Quick Freezing processing line to produce frozen French fries.
January 2021: Aviko, a chip and value-added potato product maker located in the Netherlands, has introduced a line of frozen potatoes including New Super Crunch Julienne Fries and New Bistro Garlic & Herb Wedges. French fries come in the form of frozen, gluten-free New Super Crunch Julienne Fries.
French Fries Market Segmentation
French Fries Product Outlook
French Fries End Use Outlook
French Fries Market Segment Insights
French Fries Product Insights
The global French Fries market segmentation, based on Product, includes fresh and frozen. Frozen segment accounted for the largest revenue share in 2022. Consumer worries about the desired level of flavor are driving the demand for frozen fries. People learn that fast food restaurants like McDonald's and KFC serve frozen fries. People generally assume that fresh means better tasting and higher-quality food, but differences in the temperature, moisture, and oil content of the potatoes can significantly alter the flavor and texture of freshly cut fries, producing uneven results. You can solve this problem by purchasing frozen French fries. This is what's fueling the growth of the frozen French fries sector.
French Fries End Use Insights
The global French Fries market segmentation, based on End Use, includes food service and retail. Food service segment dominated the global French Fries market in 2022. Due to factors like the growth of quick service restaurants and fast food franchises as well as the rising purchasing power of the working population, there is a growing demand for the food service sector of the market. The retail sector of the global market is expanding the fastest. Due to the closure of conventional food service businesses and the quick expansion of products purchased online, in supermarkets, and at hypermarkets, demand for the product will increase throughout the projected period. Customers are also becoming more interested in food delivery. In a 2020 research by Toluna, 98% of respondents stated they had ordered food for delivery or takeout during the lockdown. These elements are expected to increase demand for the retail industry in the near future.
French Fries Regional Insights
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, this market was dominated by the North American French Fry Market (45.80%). It is anticipated that North America's booming fast food business will have a sizeable market share in terms of value throughout the anticipated period. The inclination for quick food among consumers as well as the proportion of people who prefer to eat without overcooking are driving the demand for French fries in North America. The growth of fast food restaurants, a rise in disposable income in the area, increased internet purchasing, and the use of home delivery services are all factors that support the expansion of the French Fries market in North America. Further, In the North American area, the U.S. French Fries market had the biggest market share, while the Canada French Fries market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
The market share for French fries in Europe was sizable in 2022. The demand for French fries in Europe is being driven by an increase in fast food customer options as well as a rise in consumers who prefer frozen meals that can be made quickly. Further, In the European region, the German French Fries market had the biggest market share, and the U.K. French Fries market had the quickest rate of growth.
The Asia Pacific French Fries market is expected to register significant growth from 2023 to 2032. The expansion of the French fry sector in the Asia Pacific area is being fueled by factors such as the rise of fast food restaurants, increased disposable income, expanding online shopping penetration, and the use of home delivery services. Moreover, In the Asia-Pacific region, the Indian French Fries market had the quickest rate of growth while China's French Fries market had the greatest market share.
French Fries Market Report is also available for below Regions and Country Please Ask for that
North America
Europe
- Switzerland
- Belgium
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Rest of Europe
Asia-Pacific
- India
- Australia
- Philippines
- Singapore
- South Korea
- Japan
- China
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Argentina
- Peru
- Colombia
- Brazil
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Questions
- How much the global French Fries Market valued?
- Which region has the largest share in 2023 for the global French Fries Market?
- What are the driving factors for the market?
- Which is the leading segment in the global market?
- What are the major players in the market?
Research Scope of French Fries Market
- Historic year: 2018- 2021
- Base year: 2022
- Forecast: 2023 to 2032
- Representation of Market revenue in USD Million
French Fries Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: