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Frozen Finger Chips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Frozen Finger Chips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • Publish Date:January 2023

  • Number of Pages:127

  • Report ID:6414912

  • Format:PDF

  • Publisher:IMARC Group

$ 2499

Summary

The global frozen finger chips (frozen French fries) market size reached US$ 23.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 27.5 Billion by 2028, exhibiting a growth rate (CAGR) of 2.93% during 2023-2028.

Finger chips are thin strips of potatoes which are either fried or baked. They are consumed worldwide as side dishes with fast food or as snacks. In the 1940s, freshly cut potatoes were largely replaced by frozen finger chips as they were convenient and offered consistent quality and taste. More than 80% of the frozen finger chips are utilized by the foodservice sector and the rest by the retail sector. They can be prepared by using white and sweet potato. As compared to their fresh counterparts, frozen finger chips are more convenient as they are quicker to cook and serve while offering an equivalent taste and quality. These products also offer a longer shelf life, are easy to store, and absorb lesser oil during the frying process. On account of these properties, frozen finger chips are extensively used across the foodservice and household sectors.

Frozen Finger Chips (Frozen French Fries) Market Trends:
Currently, the frozen finger chips (frozen French fries) market is largely being driven by the rising popularity of western cuisines amongst the younger demographic, increasing establishment of fast-food restaurant chains, changing lifestyles, and rising income levels. This is further supported by the introduction of new shapes, flavors and varieties of frozen finger chips across the globe. Besides this, changing consumption patterns and rising urbanization, particularly in developing countries, are creating a positive outlook for the market. Moreover, the increasing working population has led to a rise in the hectic lifestyle schedules, which, in turn, is leading to the inflating sales of frozen finger chips. Furthermore, several players have been expanding their customer base by selling their products through online retail channels, which is influencing the market growth positively.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global frozen finger chips (frozen French fries) market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end use.

Breakup by End Use:
Food Services
Retail

Breakup by Region:
Europe
North America
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being McCain Foods Limited, J.R. Simplot Food Group, Lamb Weston Holdings, Inc., Aviko B.V., and Farm Frites International B.V.

Key Questions Answered in This Report
1. What is the market size for the global frozen finger chips (frozen French fries) market?
2. What is the global frozen finger chips (frozen French fries) market growth?
3. What are the global frozen finger chips (frozen French fries) market drivers?
4. What are the key industry trends in the global frozen finger chips (frozen French fries) market?
5. What is the impact of COVID-19 on the global frozen finger chips (frozen French fries) market?
6. What is the global frozen finger chips (frozen French fries) market breakup by end use?
7. What are the major regions in the global frozen finger chips (frozen French fries) market?
8. Who are the key companies/players in the global frozen finger chips (frozen French fries) market?

Table of contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Frozen Finger Chips Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by End-Use
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Raw Material Suppliers
5.9.2 Manufacturers
5.9.3 Distributors
5.9.4 Exporters
5.9.5 Retailers
5.9.6 End-Consumers
5.10 Porter's Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Market Drivers and Success Factors

6 Performance of Key Regions
6.1 Europe
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Asia Pacific
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Latin America
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Middle East and Africa
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market by End-Use
7.1 Food Services
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Retail
7.2.1 Market Trends
7.2.2 Market Forecast

8 Competitive Landscape

9 Frozen Finger Chips Manufacturing Process
9.1 Product Overview
9.2 Manufacturing Process
9.3 Various Types of Unit Operations Involved
9.4 Mass Balance and Raw Material Requirements

10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Machinery
10.4 Machinery Pictures
10.5 Raw Material Requirements and Expenditures
10.6 Raw Material and Final Product Pictures
10.7 Packaging Requirements and Expenditures
10.8 Transportation Requirements and Expenditures
10.9 Utility Requirements and Expenditures
10.10 Manpower Requirements and Expenditures
10.11 Other Capital Investments

11 Loans and Financial Assistance

12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis

13 Key Player Profiles
13.1 McCain Foods Limited
13.2 J.R. Simplot Food Group
13.3 Lamb Weston Holdings, Inc.
13.4 Aviko B.V.
13.5 Farm Frites International B.V.

List of Figures
Figure 1: Global: Frozen Finger Chips Market: Major Drivers and Challenges
Figure 2: Global: Frozen Finger Chips Market: Volume Trends (in Million Metric Tons), 2017-2022
Figure 3: Global: Frozen Finger Chips Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Frozen Finger Chips Market: Average Price Trends (in US$/Ton), 2017-2022
Figure 5: Global: Frozen Finger Chips Market: Breakup by Region (in %), 2022
Figure 6: Global: Frozen Finger Chips Market: Breakup by End-Use (in %), 2022
Figure 7: Global: Frozen Finger Chips Market Forecast: Volume Trends (in Million Metric Tons), 2023-2028
Figure 8: Global: Frozen Finger Chips Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 9: Global: Frozen Finger Chips Industry: SWOT Analysis
Figure 10: Global: Frozen Finger Chips Industry: Value Chain Analysis
Figure 11: Global: Frozen Finger Chips Industry: Porter's Five Forces Analysis
Figure 12: Europe: Frozen Finger Chips Market (in Billion US$), 2017 & 2022
Figure 13: Europe: Frozen Finger Chips Market Forecast (in Billion US$), 2023-2028
Figure 14: North America: Frozen Finger Chips Market (in Billion US$), 2017 & 2022
Figure 15: North America: Frozen Finger Chips Market Forecast (in Billion US$), 2023-2028
Figure 16: Asia Pacific: Frozen Finger Chips Market (in Billion US$), 2017 & 2022
Figure 17: Asia Pacific: Frozen Finger Chips Market Forecast (in Billion US$), 2023-2028
Figure 18: Latin America: Frozen Finger Chips Market (in Billion US$), 2017 & 2022
Figure 19: Latin America: Frozen Finger Chips Market Forecast (in Billion US$), 2023-2028
Figure 20: Middle East and Africa: Frozen Finger Chips Market (in Billion US$), 2017 & 2022
Figure 21: Middle East and Africa: Frozen Finger Chips Market Forecast (in Billion US$), 2023-2028
Figure 22: Global: Frozen Finger Chips Market: Food Services (in Billion US$), 2017 & 2022
Figure 23: Global: Frozen Finger Chips Market Forecast: Food Services (in Billion US$), 2023-2028
Figure 24: Global: Frozen Finger Chips Market: Retail (in Billion US$), 2017 & 2022
Figure 25: Global: Frozen Finger Chips Market Forecast: Retail (in Billion US$), 2023-2028
Figure 26: Frozen Finger Chips Manufacturing: Detailed Process Flow
Figure 27: Frozen Finger Chips Manufacturing Process: Conversion Rate of Feedstocks
Figure 28: Frozen Finger Chips Manufacturing Plant: Packaging Requirements
Figure 29: Frozen Finger Chips Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 30: Frozen Finger Chips Industry: Profit Margins at Various Levels of the Supply Chain
Figure 31: Frozen Finger Chips Production: Manufacturing Cost Breakup (in %)

List of Tables
Table 1: Global: Frozen Finger Chips Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Frozen Finger Chips Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 3: Global: Frozen Finger Chips Market Forecast: Breakup by End-Use (in Billion US$), 2023-2028
Table 4: Global: Frozen Finger Chips Market: Competitive Structure
Table 5: Frozen Finger Chips Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 6: Frozen Finger Chips Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Frozen Finger Chips Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 8: Frozen Finger Chips Manufacturing Plant: Costs Related to Machinery (in US$)
Table 9: Frozen Finger Chips Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (in US$/Ton)
Table 10: Frozen Finger Chips Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Frozen Finger Chips Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Details of Financial Assistance Offered by Financial Institutions
Table 13: Frozen Finger Chips Manufacturing Plant: Capital Costs (in US$)
Table 14: Frozen Finger Chips Manufacturing Plant: Techno-Economic Parameters
Table 15: Frozen Finger Chips Manufacturing Plant: Taxation and Depreciation (in US$)
Table 16: Frozen Finger Chips Manufacturing Plant: Income Projections (in US$)
Table 17: Frozen Finger Chips Manufacturing Plant: Expenditure Projections (in US$)
Table 18: Frozen Finger Chips Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 19: Frozen Finger Chips Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 20: Frozen Finger Chips Manufacturing Plant: Profit and Loss Account (in US$)

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.