North America 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: 74
Market Introduction
North America is estimated to register the fastest CAGR in the market over the forecast period. North America 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 North America region is mainly attributed to the rise in the employment rate of women among the North American countries. For instance, US 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 North American countries. Also, presence of McCain Foods, Lamb Weston, and J.R. Simplot Company makes North America a larger market.
Market Overview and Dynamics
The frozen potato market in North America is expected to grow from US$ 20,651.92 million in 2019 to US$ 28,165.19 million by 2027; it is estimated to grow at a CAGR of 4.1% 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 North America. Most of the countries in the region are under lockdown, which is impacting the Frozen Potato market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American 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 North America frozen potato market in 2019. In terms of end-user, commercial account for the largest share of the North America frozen potato market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America 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, J.R. Simplot Company, and Farm Frites International B.V.
Reasons to Buy Report
- Understand the North America 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 North America
- Efficiently plan mergers and acquisitions, and partnership deals in the North America 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
North America Frozen Potato Market Segmentation
North America Frozen Potato Market, by Product
- French Fries
- Hash Brown
- Shaped
- Mashed
- Battered/Cooked
- Topped/Stuffed
- Others
North America Frozen Potato Market, by End-User
- Residential
- Commercial
North America Frozen Potato Market – by Country
- US
- Canada
- Mexico
Company Profiles
- Bart’s Potato Company
- Aviko B.V.
- Agristo NV
- Lamb Weston Holdings, Inc.
- McCain Foods Limited
- Greenyard
- Himalaya Food International Ltd.
- J.R. Simplot Company
- The Kraft Heinz Company