Middle East and Africa 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: 69
Market Introduction
Middle East and Africa is estimated to register the fastest CAGR in the market over the forecast period. Middle East and Africa 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 Middle East and Africa region is mainly attributed to the rise in the employment rate of women among the Middle East and Africa 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 Middle East and Africa countries. Also, presence of McCain Foods, Lamb Weston, and other manufacturers makes Middle East and Africa a larger market.
Market Overview and Dynamics
The frozen potato market in Middle East and Africa is expected to grow from US$ 3,623.82 million in 2019 to US$ 4,707.50 million by 2027; it is estimated to grow at a CAGR of 3.4% 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 Middle East and Africa. Most of the countries in the region are under lockdown, which is impacting the Frozen Potato market. Saudi Arabia has the highest number of confirmed cases of the COVID-19 infection among all Middle East and Africa 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 Middle East and Africa frozen potato market in 2019. In terms of end-user, commercial account for the largest share of the Middle East and Africa frozen potato market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Middle East and Africa 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 Greenyard.
Reasons to Buy Report
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- Obtain market revenue forecast for market by various segments for the period 2019–2027
Middle East and Africa Frozen Potato Market Segmentation
Middle East and Africa Frozen Potato Market, by Product
- French Fries
- Hash Brown
- Shaped
- Mashed
- Battered/Cooked
- Topped/Stuffed
- Others
Middle East and Africa Frozen Potato Market, by End-User
- Residential
- Commercial
Middle East and Africa Frozen Potato Market – by Country
- South Africa
- Saudi Arabia
- UAE
- Iran
- Rest of MEA
Company Profiles
- Bart’s Potato Company
- Aviko B.V.
- Agristo NV
- Lamb Weston Holdings, Inc.
- McCain Foods Limited
- Greenyard
- The Kraft Heinz Company