The ‘Global Frozen Finger Chips Market Size, Trends, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global frozen finger chips market, assessing the market on the basis of its segments like types, distribution channels, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Frozen Finger Chips Market Share, Size, Price Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3%
The changing consumer lifestyles, strongly influenced by the hectic schedules of the growing working population, are leading to a greater demand for ready-to-eat and ready-to-cook food products. Frozen finger chips are convenient, have a long shelf-life, and are tasty, which are making them a popular option among the population.
In addition, the globalisation is enhancing the accessibility of different types of foods, further fuelling the sale of premium packaged frozen finger chips, leading to the growth of the global frozen finger chips market.
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The increasing popularity of fast food outlets and quick service restaurants (QCR) is further propelling the sale of frozen finger chips. Rapid urbanisation, increasing living standards, and heightened development of supermarkets and convenience stores are further bolstering the demand for frozen finger chips. Moreover, nowadays many households are stocked with products like these which can be used for welcoming guests or providing children and teenagers with a quick snack.
Over the forecast period, the growing research and development activities by the major packaged food producers aimed towards producing frozen finger chips with different shapes, sizes, and flavours are expected to improve the frozen finger chips market dynamics. Healthy variations of frozen finger chips also offer substantial potential for market growth.
Frozen Finger Chip Industry Definition and Major Segments
Frozen finger chips, also known as French fries, are deep-fried slices of potatoes which have undergone frozen processing to increase their shelf-life. Frozen finger chips can be consumed at any time, by defrosting and reheating, either through traditional deep frying or shallow frying or by heating in an air fryer. The texture of frozen finger chips is crispy, which is widely enjoyed by many. It is a common food item in North America and Europe.
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Based on type, the market can be segmented into:
• Plain
• Masala
By distribution channel, the market has been divided into:
• Supermarkets/Hypermarkets
• Convenience Stores
• Direct Purchase
• Distributors
• Others
On the basis of end use, the market has been bifurcated into:
• Food Service
• Retail
Based on region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Frozen Finger Chips Market Trends
The key trends in the global frozen finger chips market include upgrades in the distribution channels, which include the emergence of online platforms. Increasing adoption of smartphones and availability of high-speed internet are supporting the market growth by improving the accessibility of frozen finger chips to a wider audience.
Moreover, the progressive product innovations, leading to an increasing incorporation of flavoured masala and great texture are further increasing the popularity of frozen finger chips. Country-specific and diet-specific variations of frozen finger chips are a key trend in the market, exposing consumers to new versions of products that they are already fond of.
Since frozen finger chips are easy to cook, they are a preferred food choice for millennials and younger consumers. Development of unique recipes and food items using frozen finger chips is another trend gaining popularity, supported by social media and experiments by various home chefs.
In geographical terms, North America accounts for a significant share in the frozen finger chips market, which is being driven by the strong food service chains across the strong economies such as the United States.
Key Market Players
The major players in the frozen finger chips market report are:
- McCain Foods Limited
- Alexia Foods, Inc.
- Lamb Weston Holdings, Inc.
- Farm Frites International B.V.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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http://msnho.com/xblog/soda-ash-market-share-grow-cagr-2-forecast-period-20232028
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