French Fries Will Be the Highest Contributor to the Global Frozen Potato Market Until 2025

The global frozen potato market, which was valued at USD54,95bn in 2017, is anticipated to grow to USD74,40bn by 2025, showing a CAGR of 3.8% from 2018 to 2025, according to a recent analysis from Allied Market Research.

According to product type, the worldwide frozen potato market was dominated by French fries, which had nearly 40% of the total market share and are anticipated to experience the greatest CAGR in terms of revenue during the forecast period (2018-2025).

“Asia-Pacific is expected to be the dominant shareholder of the global market in 2025, due to the high growth rate of population and frozen potato products demand over there,” the report reveals.

With almost half of the frozen potato market share in 2017, frozen French fries held the largest market share. Over the projected year (2025), they are anticipated to rise at a respectable CAGR of 4.2%. (2018-2025).

Based on end users, the commercial segment is expected to lead in terms of demand for frozen potato products with a lucrative CAGR of 3.9% in the forecast period.

Hashbrown is anticipated to be the second highest-growing product segment of the global frozen potato market at a lucrative CAGR from 2017 to 2025, in terms of value.

It is expected that Asia-Pacific and LAMEA (Latin America, Middle East, and Africa), which together accounted for nearly half of the frozen potato market share in 2017, would continue to dominate the global frozen potato market in 2023.

“This is attributed to the significant growth of the food & beverage industries in different countries, such as China, India, Brazil, and other developing economies. Increase in the number of commercial restaurants and improving the lifestyle of the population drive the market frozen potato market growth in Asia-Pacific and LAMEA,” the report concludes.