The North America Frozen Potato Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 5,488.2 Kilo Tonnes, showcasing a growth of 4.4% (2019-2022).
The market has witnessed substantial growth and transformation in recent years, driven by evolving consumer preferences, changing lifestyles, and advancements in freezing technologies. Frozen potatoes have become a versatile and convenient staple in households and the food service industry, offering many applications beyond the traditional French fry. One primary driver is the increasing demand for convenient and time-saving food options in modern lifestyles. Frozen potatoes, including fries, wedges, hash browns, and mashed potatoes, cater to consumers seeking quick, hassle-free meal solutions without compromising taste or quality.
The easier storage and longer shelf life of frozen potatoes than their fresh counterparts further enhance their appeal to consumers and food service establishments. The versatile nature of frozen potatoes has contributed to their widespread application across various segments of the food industry. Frozen potatoes are integral to numerous recipes and dishes, from retail to food service. In the retail sector, frozen potato products such as French fries, hash browns, and wedges dominate the freezer aisles. On the food service side, quick-service restaurants (QSRs) and casual dining establishments often rely on frozen potatoes to streamline kitchen operations and maintain consistency in taste and quality.
The food service sector in North America has experienced substantial growth over the years. Quick-service restaurants, known for their fast and efficient service, have proliferated across North America. As per the data provided by the report named Advance Monthly Sales for Retail And Food Services, September 2023, released by the U.S Census Bureau, retail and food services sales in the United States were estimated in advance to reach $704.9 billion. Comparing the July 2023 to September 2023 period to the corresponding period of the previous year revealed a 3.1 percent (±0.4 percent) increase in total sales. Therefore, the increasing growth in the food service industry in North America and growing fast-paced lifestyles in urban centers will boost the demand for frozen potatoes in the region.
The US market dominated the North America Frozen Potato Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,886.9 million by 2030. The Canada market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2023 - 2030).
Based on End User, the market is segmented into Commercial, and Residential. Based on Product Type, the market is segmented into French Fries, Hash Brown, Shapes, Mashed, Sweet Potatoes/Yam, Battered/Cooked, Topped/Stuffed, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Frozen Potato Market is Predict to reach $88 Billion by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include McCain Foods Limited, Lamb Weston Holdings, Inc., Cooperatie Koninklijke Cosun U.A. (Royal Cosun), Greenyard NV, General Mills, Inc., Mondelez International, Inc., The Kraft Heinz Company, The Hain Celestial Group, Inc., Himalaya Food International Ltd. and J.R. Simplot Company.
By End User (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Product Type (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
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