The global frozen potato market size is anticipated to record substantial growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is poised to exceed a valuation of US$ 60,887 million in 2023. It is anticipated to reach a valuation of USD 104,348.9 million by 2033. The market is predicted to exhibit a striking CAGR of 6% from 2023 to 2033.
The increase in worldwide potato production has given food manufacturers greater opportunity to offer a variety of fresh and frozen potato-based food products, which has led to a recent spike in the introduction of new goods.
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Furthermore, one of the main causes of frozen potato products’ increasing popularity is their superior nutritional value.
For example, according to the United States Department of Agriculture, 100 grams of potatoes provide around 4% of the RDA for calorie consumption, 6% of the RDA for carbohydrates, 9% of the RDA for dietary fiber, 4% of protein, and 33% of the RDA for vitamin C, among other nutritional intake requirements.
Key Takeaways from Market Study
- The frozen potato market is expected to expand at 2.7% and 5.9% CAGR in North America and Latin America, respectively through 2032.
- The Europe frozen potato market is expected to witness CAGR of 3.5% over the forecast period.
- Among the product type segment, potato fries are expected to hold significant share of 42.6% in 2022 and it is expected to grow with significant CAGR of 2.9% over the forecast period.
- The commercial use segment is expected to account for 83.6% in 2022 and it is expected to grow at CAGR of 3.5% over the forecast period.
- Among the distribution channels, the B2B segment will hold 73.4% share in 2022 and it is expected to grow with CAGR of 3.4% over the forecast period.
“Sales of frozen potato products will rise considerably as consumers around the globe are shifting to plant-based fast foods in response to concerns about the environmental impact of meat consumption,” says a analyst.
Competitive Landscape
Understanding the ongoing demand for frozen potato products several food product manufacturers are entering into the frozen potato market by introducing their own from potato range.
- On January 2021, Aviko who is one of the world’s biggest manufacturers of chips and added value potato products launched its frozen potato range.
- In 2017, Amul one of the leading milk co-operative launched its frozen potato products in India.
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Market Segmentation
By Product Type:
- Potato Fried
- Potato Wedges
- Stuffed Potatoes
- Potato Slices
- Potato Chunks
- Potato Dices
- Baked Potato
- Others
By End-user:
- Commercial Use
- Residential Use
By Distribution Channel:
- B2B
- B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Retail Stores
- Online Retail
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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