Rise in ready-to-eat food to boost French Fries Market Growth

French Fries Market

 

French Fries Market By Product (Fresh, Frozen) By End-Use (Food Service, Retail) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030

The global French Fries Market is estimated to be valued at US$ 1064.32 million in 2023 and is expected to exhibit a CAGR of 21 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

In current years, it has been prevalent to consume fried potatoes as a supplement to a numerous foods. These fries are generally served in sauce, mayonnaise or salad garnishes. There are several types of French fries accessible in the cafes and restaurants, some are very crisp and crusty whereas others are smooth. These differences change in the size of the potato and the pattern it is sliced. Earlier, the fries are prepared by slicing potato into pieces with a knife into slight strips further cooking them in oil. Further, a dressing coating is included and the food is served. The traditional hints of French fries have been found in Belgium and are known to be the derivation of poor people who wish to ignore having to step out in chilly winter to have fish for their dinner.

Competitive Landscape:

Key players involved in the growth of global French Fries Market are McCain Foods, Farm Frites International B.V. Limited, J.R. Simplot Company, Arby’s I.P. Holder, Lamb Weston, Checkers Rally’s, Ore-Ida, Aviko and Alexia Foods.

Market Key Drivers:

Increasing online food delivery and rising quick service restaurants is projected to propel the growth of global French Fries Market. For instance, as per around 37% of people order food online across the globe.

Rising usage of ready-to-eat and convenient foods is projected to propel the growth of global French Fries Market. For instance, as per Eating Better's Ready Meals, 88% of teenagers in the U.K. consume ready-to-eat breakfast and dinners on a regular note.

Covid-19 Impact Analysis:

Covid-19 outbreak has adversely affected the growth of global French fries market due to the surge in pandemic. The strict imposition of lockdown, closure of stores and supermarkets, rise in social distancing, disruption in supply chain and closure of manufacturing and production units to curb the spread of virus decreased the production of these ready-to-eat meals which further has impeded the market growth.

Key Takeaways:

The global French Fries Market is anticipated to exhibit a CAGR of 21 % during the forecast period rising HIV and AIDS. For instance, as per Global HIV & AIDS statistics, 38.4 million people across the globe were living with HIV in 2021.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in the global French Fries Market due to mergers and acquisitions, product expansions and rising chronic diseases, increasing healthcare infrastructure, For instance, as per CDC one in six adults suffer from chronic diseases in U.S.