Global Potato Fries Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Potato Fries Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Potato Fries, are prepared by cutting potatoes into even strips, drying them, and frying them, usually in a deep fryer. Pre-cut, blanched, and frozen russet potatoes are widely used, and sometimes baked in a regular or convection oven; air fryers are small convection ovens marketed for frying potatoes. Potato Fries are served hot, either soft or crispy, and are generally eaten as part of lunch or dinner or by themselves as a snack, and they commonly appear on the menus of diners, fast food restaurants, pubs, and bars. They are often salted and may be served with ketchup, vinegar, mayonnaise, tomato sauce, or other local specialties.

Market Overview:

The latest research study on the global Potato Fries market finds that the global Potato Fries market reached a value of USD 23824.88 million in 2023. It’s expected that the market will achieve USD 36425.4 million by 2029, exhibiting a CAGR of 7.33% during the forecast period.

McCain Foods Acquires Scelta Products.

September 13, 2022- McCain Foods has acquired Scelta Products, adding the Netherlands-based producer of frozen foods to its growing family of delicious, prepared vegetable appetizer product offerings. The deal closed on September 8, 2022, and represents a significant investment that will fuel McCain’s growth and expansion in the frozen vegetable appetizer space.

Lamb Weston Holdings Completes Acquisition of the Remaining Interests in European Joint Venture Lamb-Weston/Meijer

February 28, 2023- Lamb Weston Holdings, Inc. announced today it has completed its purchase of the remaining equity interests in its European joint venture with Meijer Frozen Foods B.V. The final transaction consideration consisted of €525 million in cash, subject to certain adjustments, and 1,952,421 shares of Lamb Weston common stock. The Company announced its intent to purchase the interest in October 2022. Having completed the transaction, Lamb Weston owns 100% of Lamb-Weston/Meijer, v.o.f., which formerly operated as a 50/50 joint venture between a wholly-owned subsidiary of Lamb Weston and Meijer Frozen Foods. With the acquisition, the Company adds an additional five manufacturing facilities to its footprint worldwide, including four facilities in the Netherlands and one in the United Kingdom, as well as a sixth manufacturing facility operated through a 75% interest in a joint venture in Austria. These facilities produce nearly two billion pounds (910,000 MT) of finished frozen products annually.

Increasing demand for ready-to-eat food

The growth in demand for ready-to-eat snacks and convenience foods around the world has driven the potato fries market. Increasing consumer inclination toward convenient foods has boosted the need for the industry. Nowadays, consumers are willing to pay a premium price for high-quality, suitable foods. Thus, such factors, in turn, are expected to prompt the Potato Fries market soon.

Rising Quick Service Restaurants (QSR) and Online Food Delivery

Potato Fries are a major product in fast food outlets and with the increase in the number of fast food outlets, this is expected to increase the development of the market for Potato Fries. Meanwhile, the growth of online delivery has also increased the sales of Potato Fries to some extent, which is also expected to favor the growth of the Potato Fries market.

Region Overview:

In 2022, the share of the Potato Fries market in North America stood at 38.24%.

Company Overview:

McCain Foods is one of the major players operating in the Potato Fries market, holding a share of 27.29% in 2023.

McCain Foods Limited is a Canadian multinational frozen food company established in 1957 in Florenceville, New Brunswick, Canada. It is one of the world's largest manufacturers of frozen potato products. Their business includes Food Production, Manufacturing, Retail, Consumer Goods, Food Service, French Fries, and so on.

Segmentation Overview:

Among different product types, White Potato Fries segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Offline Sales segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Potato Fries market covered in Chapter 3:

Farm Frites
Ardo
McCain Foods
Alexia foods
Simplot Food Group
Trinity Frozen Foods
International Food and Consumable Goods
Ore-Ida
Russet House
Lamb Weston
Aviko
Podravka
Cavendish Farms

In Chapter 4 and Chapter 14.2, on the basis of types, the Potato Fries market from 2019 to 2030 is primarily split into:

White Potato Fries
Sweet Potato Fries

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Potato Fries market from 2019 to 2030 covers:

Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)