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Global French Fries Market Size was valued at USD 15.4 Billion in 2022. The French Fries market industry is projected to grow from USD 16.3 Billion in 2023 to USD 24.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2023 - 2032). Quick-service restaurant demand is increasing globally, while online food delivery is becoming more and more popular, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Consider any of the several online meal delivery services, like Uber Eats, Swiggy, food Panda, etc. The ease and convenience with which these businesses offer food online has aided in the expansion of this market. An increase in the quantity of new goods being released by significant competitors in the French fry business is driving the market ahead. The QSR (Quick Service Restaurant) sector is one of the most diverse in the food and beverage business. The most money is made at fast food restaurants. A quick service restaurant's advantage is that you can have your food quickly and with little wait time. The increasing use of smartphones and mobile apps has been very advantageous for quick-service restaurant POS systems.
Today's consumers want immediate food over anything that needs them to wait. French fries are incredibly trendy because they are the most widely consumed snack across all age groups. Demand for ready-to-eat frozen foods is up 53% year over year, along with demand for frozen potatoes and ready-to-eat non-vegetarian snacks. Fries are without a doubt one of the foods that young people eat the most regularly. They come with deep-fried potato chips and ketchup or mayonnaise on the side. One of the most popular appetizers and a widely consumed side dish worldwide are french fries. In certain places across North America, even fish is served with them. A delightful Sunday night treat to share with family or friends is homemade French fries.
In addition to being a convenience, french fries represent Westernization. In underdeveloped nations, frozen potato products are easily accessible, which boosts sales. Given their ease of preparation and consumption, French fries are a wonderful option for consumers who are busy. Try other variants, such as adding regional flavors to these French fries, to improve tastes as well. This may boost demand. As customers' food preferences and eating habits continue to change, the demand for French finger chips is also increasing. Due to the expanding trend of online purchasing, these frozen quick foods are easily accessible in far-off locations. The expansion of quick-service restaurants and meal delivery services like Uber Eats, Zomato, and Swiggy in first- and second-tier cities is also anticipated to boost sales of these French fries chips. Thus, driving the French Fries market revenue.
The global French Fries market segmentation, based on Product, includes fresh and frozen. Frozen segment accounted for the largest revenue share in 2022. Consumer worries about the desired level of flavor are driving the demand for frozen fries. People learn that fast food restaurants like McDonald's and KFC serve frozen fries. People generally assume that fresh means better tasting and higher-quality food, but differences in the temperature, moisture, and oil content of the potatoes can significantly alter the flavor and texture of freshly cut fries, producing uneven results. You can solve this problem by purchasing frozen French fries. This is what's fueling the growth of the frozen French fries sector.
The global French Fries market segmentation, based on End Use, includes food service and retail. Food service segment dominated the global French Fries market in 2022. Due to factors like the growth of quick service restaurants and fast food franchises as well as the rising purchasing power of the working population, there is a growing demand for the food service sector of the market. The retail sector of the global market is expanding the fastest. Due to the closure of conventional food service businesses and the quick expansion of products purchased online, in supermarkets, and at hypermarkets, demand for the product will increase throughout the projected period. Customers are also becoming more interested in food delivery. In a 2020 research by Toluna, 98% of respondents stated they had ordered food for delivery or takeout during the lockdown. These elements are expected to increase demand for the retail industry in the near future.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, this market was dominated by the North American French Fry Market (45.80%). It is anticipated that North America's booming fast food business will have a sizeable market share in terms of value throughout the anticipated period. The inclination for quick food among consumers as well as the proportion of people who prefer to eat without overcooking are driving the demand for French fries in North America. The growth of fast food restaurants, a rise in disposable income in the area, increased internet purchasing, and the use of home delivery services are all factors that support the expansion of the French Fries market in North America. Further, In the North American area, the U.S. French Fries market had the biggest market share, while the Canada French Fries market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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The market share for French fries in Europe was sizable in 2022. The demand for French fries in Europe is being driven by an increase in fast food customer options as well as a rise in consumers who prefer frozen meals that can be made quickly. Further, In the European region, the German French Fries market had the biggest market share, and the U.K. French Fries market had the quickest rate of growth.
The Asia Pacific French Fries market is expected to register significant growth from 2023 to 2032. The expansion of the French fry sector in the Asia Pacific area is being fueled by factors such as the rise of fast food restaurants, increased disposable income, expanding online shopping penetration, and the use of home delivery services. Moreover, In the Asia-Pacific region, the Indian French Fries market had the quickest rate of growth while China's French Fries market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the French Fries market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The French Fries sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide French Fries industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the French Fries sector. Major players in the French Fries market, including McCain Foods Limited, J.R. Simplot Company, Lamb Weston, Farm Frites International B.V., Aviko, Ore-Ida, Cascadian Farm Organics, Alexia Foods, Checkers Rally’s, and Arby’s IP Holder, are attempting to increase market demand by investing in research and development operations.
Produced and sold are frozen potato products by Lamb Weston Holdings Inc. (Lamb Weston). The company's product portfolio includes fries, sweet potato fries, different potato items, and appetizers. Products from Lamb Weston are offered in a variety of formats, including straight, sliced, diced, and mashed. The company sells its products under a number of brand names, including Lamb Weston, Lamb Weston Supreme, Lamb Weston Private Reserve, Lamb Weston Colossal Crisp, Lamb Weston Stealth Fries, Lamb Weston Seasoned, Lamb Weston Crispy on Delivery, and Sweet Things. Its products are distributed to a variety of customers, including distributors, mass merchants, supermarket and specialty shops, food service distributors, educational institutions, regional chain restaurants, independent restaurants, and convenience stores. The corporation also has operations in Singapore, Australia, China, Mexico, Canada, and Japan in addition to the United States.
The J. R. Simplot Co. is a business that produces food and grows crops. It works in the distribution, manufacturing, and processing of frozen foods, seed, and fertilizer industries. Simplot offers products for seed, specialized goods, frozen, canned, and fresh food items as well as products for plant fertilization and maintenance, crop protection, crop nutrition, and seed. Turf colorants, spray adjuvants, soil surfactants, turf and ornamental plant management products, turf fertilisers, controlled-release fertilisers, fertilisers for tees and greens, organic fertilisers, herbicide combinations, chemicals, supplies, animal health, and agricultural products are also offered by the company. Pest control, feedlot management, reproductive choices for dairy and beef cattle producers, custom application and sampling, crop advise, organic farming, and Simplot smart farms are just a few of the services the business provides. It operates in Europe, the Asia-Pacific area, and North America. The U.S. headquarters of Simplot are in Boise, Idaho.
· McCain Foods Limited
· J.R. Simplot Company
· Lamb Weston
· Farm Frites International B.V.
· Aviko
· Ore-Ida
· Cascadian Farm Organics
· Alexia Foods
· Checkers Rally’s
· Arby’s IP Holder
January 2022: Simplifine, a food processing company in Kenya, has built an Individual Quick Freezing processing line to produce frozen French fries.
January 2021: Aviko, a chip and value-added potato product maker located in the Netherlands, has introduced a line of frozen potatoes including New Super Crunch Julienne Fries and New Bistro Garlic & Herb Wedges. French fries come in the form of frozen, gluten-free New Super Crunch Julienne Fries.
· Fresh
· Frozen
· Food Service
· Retail
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 15.4 Billion |
|
Market Size 2023 |
USD 16.3 Billion |
|
Market Size 2032 |
USD 24.4 Billion |
|
Compound Annual Growth Rate (CAGR) |
5.40% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Product, End Use, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
McCain Foods Limited, J.R. Simplot Company, Lamb Weston, Farm Frites International B.V., Aviko, Ore-Ida, Cascadian Farm Organics, Alexia Foods, Checkers Rally’s, and Arby’s IP Holder |
|
Key Market Opportunities |
Increasing demand for fast food among kids |
|
Key Market Dynamics |
Growing popularity of online food delivery and increasing number of quick-service restaurants across the globe |
The global French Fries Market was valued at USD 15.4 billion in 2022, and it is estimated to reach USD 24.4 billion by 2032.
The global market is projected to grow at a CAGR of 5.40% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are McCain Foods Limited, J.R. Simplot Company, Lamb Weston, Farm Frites International B.V., Aviko, Ore-Ida, Cascadian Farm Organics, Alexia Foods, Checkers Rally’s, and Arby’s IP Holder
The Frozen Product dominated the market in 2022.
The Food Service End Use had the largest share in the global market.
Report Code :
RL65124
Published on :
Aug 2023
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