Sweet Potato Fries Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Sweet Potato Fries Market Sees Growth Amidst Shifting Consumer Preferences
Expanding at a value-based CAGR of 6.0%, the global sweet potato fries market is poised to surge in revenue from US$ 1.6 Billion to approximately US$ 2.4 Billion by 2031, according to recent market projections.
Key Trends Driving Sweet Potato Fries Market Growth
Increasing Snacking Behavior:
The rising trend of snacking, driven by consumers seeking additional nutrients, is fueling the demand for sweet potato fries. Manufacturers are expanding their product portfolios to offer a variety of sweet potato-based snacks to meet this growing preference.
Preference for Baked Snacks:
Health-conscious consumers are favoring baked snacks over fried ones, leading to the introduction of baked sweet potato chips and crisps by major brands like Bare Snacks and Walker. Baked snacks retain the nutritional value of sweet potatoes, catering to the evolving dietary preferences of consumers.
Innovative Flavors:
Manufacturers are introducing sweet potato products in a range of flavors and formats to appeal to a broader consumer base. Brands like Alexia Foods and Terra offer diverse flavor options such as sea salt, black pepper, and BBQ, enhancing the market appeal of sweet potato fries.
Nutritional Benefits Driving Demand:
With consumers increasingly seeking healthier alternatives to traditional snacks, the nutrient-dense profile of sweet potatoes is gaining popularity. Sweet potato fries are rich in beta-carotene and vitamin A, making them a standout antioxidant food choice compared to traditional white potato fries.
Availability of Alternatives:
While frozen sweet potato products remain popular, the market faces competition from alternative snacks such as veggie fries and cereal-based baked snacks. The availability of substitutes poses a challenge to the growth of frozen sweet potato products.
Country-wise Insights
East Asian Growth:
East Asia, led by China, holds a significant market share in the global sweet potato fries market due to higher consumption rates and easy availability of sweet potatoes. South Asia is emerging as a promising market, driven by increasing consumer expenditure on innovative products.
Projected Growth in Europe and North America: Europe and North America are expected to exhibit substantial growth, fueled by growing awareness of the health benefits of sweet potatoes among consumers in these regions.
Category-wise Breakdown
Product Segmentation:
The sweet potato fries market is segmented into fries, cubes/puffs, and others, catering to diverse consumer preferences.
Nature and End Use:
Organic sweet potato fries are witnessing substantial growth, driven by the increasing demand for organic food products. The foodservice industry is projected to experience higher growth rates, fueled by the rising utilization of sweet potato-processed products.
Distribution Channels:
Business-to-consumer channels, particularly hypermarkets/supermarkets and online retail, are driving significant sales of sweet potato chips and fries.
Competitive Analysis
Fragmented Market: The sweet potato fries market is fragmented, with key players focusing on business expansion and innovation to capitalize on prevailing market trends. Strengthening distribution networks and catering to health-conscious consumers are key strategies adopted by leading manufacturers to gain a competitive edge.
Key companies profiled:
• McCain Foods Limited
• Aviko B.V.
• Lamb Weston Holdings, Inc
• Russet House Potatoes
• J.R. Simplot Company
• J.R. Short Milling Company
• Ardo
• SACOMA SWEET POTATOES
• Mondial Foods
• Trinity Frozen Foods
• Mountain Harvest Foods
• Alexia Foods
Sweet Potato Fries Industry Research by Category
By Product:
• Fries
• Cubes/Puffs
• Chips/Crisps
• Other
By Nature:
• Organic
• Conventional
By End Use:
• Food Service Industry
• Household/Retail
By Distribution Channel:
• Business to Business
• Business to Consumer
o Hypermarket/Supermarket
o Specialty Stores
o Online Retail
o Other Retail Formats
o Animal Feed
o Others
By Region:
• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa
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