Asia Pacific Frozen Potato Market Forecast to 2031 - Regional Analysis - by Product Type (French Fries, Hash Brown, Shaped, Mashed, Battered/Cooked, Topped/Stuffed, and Others) and End User (Residential and Commercial)

The Asia Pacific frozen potato market was valued at US$ 14,141.83 million in 2023 and is expected to reach US$ 21,484.38 million by 2031; it is estimated to register a CAGR of 5.4% from 2023 to 2031.

Advancement in Cold Chain Infrastructure Drives Asia Pacific Frozen Potato Market

The cold chain, which consists of pre-cooling, refrigerated storage, and refrigerated transport, is one of the pillars of the postharvest handling chain. It is regarded as the backbone of any postharvest industry (developed or developing) and an essential set of technologies for reducing food losses. In addition, cold chain logistics have proven to be a critical necessity for any country seeking to enhance its frozen food market share. Cold chain infrastructure has increased significantly in recent years. For instance, according to the International Institute of Refrigeration (IIR) and the Global Cold Chain Alliance (GCCA) report, the total capacity of refrigerated warehouses globally increased to 719 million cubic meters in 2020 which is 16.7% greater than the capacity reported in 2018. In addition, the expansion of cold chain capacity in emerging countries differs for each country. The expansion of cold chain capacity in emerging countries varies for each country. Major market service providers are constantly improving their technologies to stay ahead of the competition and maintain efficiency, integrity, and safety across the globe. For instance, vendors have implemented Hazard Analysis and Critical Control Points (HACCP) and RFID technology to improve efficiency with smaller shipments. In addition, they are expanding their multi-compartment refrigerated vehicle fleets to provide additional services to consumers.

Thus, advancements in cold chain infrastructure are emerging as a lucrative opportunity for the Asia Pacific frozen potato market players.

Asia Pacific Frozen Potato Market Overview

The dietary preferences and patterns of Chinese consumers have changed since lifestyles have gradually become fast-paced. Additionally, disposable incomes have been increasing. The consumption of processed food products including frozen potatoes has been rising steadily, in line with income growth and changing eating habits. China is among the leading producers of potatoes in the world. According to the United States Department of Agriculture (USDA), fresh potato production in China accounted for 99 million metric tons in 2021, up by 3% from 2020. Thus, the availability of an abundance of raw materials with cheap labor and resources is compelling frozen potato manufacturers to expand their manufacturing base in China. This, further, is expected to provide wider access to international frozen potato brands to Chinese customers. All these factors are expected to aid the development of the frozen potato market in China over the forecast period.

Asia Pacific Frozen Potato Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Frozen Potato Market Segmentation

The Asia Pacific frozen potato market is categorized into product type, end user, and country.

By product type, the Asia Pacific frozen potato market is segmented into French fries, hash brown, shaped, mashed, battered/cooked, topped/stuffed, and others. The French fries segment held the largest share of the Asia Pacific frozen potato market share in 2023.

In terms of end user, the Asia Pacific frozen potato market is bifurcated into residential and commercial. The commercial segment held a larger share of the Asia Pacific frozen potato market in 2023.

Based on country, the Asia Pacific frozen potato market is segmented into China, Japan, India, Australia, South Korea, ASEAN, and the Rest of Asia Pacific. China segment held the largest share of Asia Pacific frozen potato market in 2023.

Agristo NV; Aviko BV; Bart's Potato Co; Farm Frites International BV; Godrej Agrovet Ltd; Greenyard NV; Himalaya Food International Ltd; JR Simplot Co; Kipco Damaco NV; Kraft Heinz Co; Lamb Weston Holdings Inc; McCain Foods Ltd; and Rairandev Golden Fries Pty Ltd are some of the leading companies operating in the Asia Pacific frozen potato market.

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