APAC Frozen Potato Market Forecast to 2027 – COVID-19 Impact and Analysis – By Product (French Fries, Hash Brown, Shaped, Mashed, Battered/Cooked, Topped/Stuffed and Others) and End-User (Residential and Commercial)
Number of Pages: 79
Market Introduction
APAC is estimated to register the fastest CAGR in the market over the forecast period. APAC is likely to account for a remarkable share of the frozen potato market during the forecast period. The rapid development in the frozen potato market in the APAC region is mainly attributed to the rise in the employment rate of women among the APAC countries. For instance, Russia is among the leading countries having a rise in women employment in the recent years. Frozen potato is mainly used as a convenience food in the APAC countries. Also, presence of McCain Foods, Lamb Weston, and other manufacturers makes APAC a larger market.
Market Overview and Dynamics
The APAC frozen potato market was valued at US$ 12,182.98 million in 2019 and is projected to reach US$ 16,915.07 million by 2027; it is expected to grow at a CAGR of 4.3% from 2020 to 2027. Frozen Potatoes are one of the major staple food product and is consumed either as fresh potato or processed potato. It is one of the most widely consumed crops. One of the main types of processed potato is frozen potato which is highly convenient and flexible in relation to preparation time. Frozen Potato contains different vitamins and nutrients in natural preserved form and have a long shelf life. Frozen potato contains Vitamin B6, fiber, magnesium and antioxidants. Frozen potato is basically made from processing the fresh potato with the help of advanced machineries at a very low temperature.
COVID 19 has impacted the major countries of APAC. Most of the countries in the region are under lockdown, which is impacting the Frozen Potato market. China and India recorded the highest number of confirmed cases of the COVID-19 infection among all APAC countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.
Key Market Segments
In terms of product, the French fries segment accounted for the largest share of the APAC frozen potato market in 2019. In terms of end-user, commercial account for the largest share of the APAC frozen potato market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC Frozen potato market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Lamb Weston Holdings, Inc., McCain Foods Limited, The Kraft Heinz Company, and Farm Frites International B.V.
Reasons to Buy Report
- Understand the APAC Frozen Potato market landscape and identify segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in APAC
- Efficiently plan mergers and acquisitions, and partnership deals in the APAC Frozen Potato market by identifying market segments with the most promising probable sales
- Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
- Obtain market revenue forecast for market by various segments for the period 2019–2027
APAC Frozen Potato Market Segmentation
APAC Frozen Potato Market, by Product
- French Fries
- Hash Brown
- Shaped
- Mashed
- Battered/Cooked
- Topped/Stuffed
- Others
APAC Frozen Potato Market, by End-User
- Residential
- Commercial
APAC Frozen Potato Market – by Country
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Company Profiles
- Bart’s Potato Company
- Aviko B.V.
- Agristo NV
- Lamb Weston Holdings, Inc.
- McCain Foods Limited
- Farm Frites International B.V.
- Greenyard
- Himalaya Food International Ltd.
- J.R. Simplot Company
- The Kraft Heinz Company