November 29, 2023
French Fries Market

French Fries Market to Reach USD 15 Billion by 2023: Key Trends and Market Overview.

The global French Fries Market is estimated to be valued at USD 15 billion in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
French fries are a popular snack across the globe and are made from deep-fried potatoes. They are widely consumed in restaurants, fast food chains, and households. The market for French fries is driven by factors such as the increasing demand for convenience food, the popularity of fast food chains, and the growing urban population. French fries offer several advantages such as easy availability, convenience, and a wide range of flavors and seasonings. The need for quick and ready-to-eat food products has contributed to the growth of the French fries market.

Market Key Trends:
One key trend in the French fries market is the growing demand for organic and healthier alternatives. With increasing health consciousness among consumers, there is a rising demand for organic French fries made from organic potatoes and without the use of any artificial additives or preservatives. This trend is driven by the increasing awareness regarding the health risks associated with the consumption of processed and fried foods. Consumers are seeking healthier options without compromising on taste and convenience. As a result, several brands are introducing organic French fries in their product offerings to cater to this growing consumer demand.

Segment Analysis:

The French fries market can be segmented based on product type, distribution channel, and region. In terms of product type, frozen French fries dominate the market, accounting for the largest share. This is mainly due to the convenience and longer shelf life offered by frozen French fries compared to fresh-cut fries. Additionally, the widespread availability of frozen French fries in various sizes and shapes has also contributed to their dominance in the market.

In terms of distribution channel, the foodservice sector holds a significant share in the French fries market. This can be attributed to the growing demand for French fries in quick-service restaurants, fast-food chains, and other food outlets. The increasing number of dine-in and takeaway options, coupled with the rising popularity of fast food, has propelled the demand for French fries in the foodservice sector.

Key Takeaways:

The Global French Fries Market Demand is expected to witness high growth, exhibiting a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. This growth can be attributed to several factors. Firstly, the increasing consumer preference for convenience foods and the rising popularity of quick-service restaurants are driving the demand for French fries. Moreover, the expanding fast-food industry and the growth of the foodservice sector across various economies are also contributing to market growth.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the French fries market. The region has a well-established fast-food culture and a high consumption rate of French fries. Additionally, the presence of major market players and their focus on product innovation and marketing strategies have further fueled the growth of the French fries market in North America.

Key players operating in the French fries market include McCain, JR Simplot, Lamb-Weston, Aviko, Farm Frites, Ore-Ida, Cascadian Farm Organic, Alexia Foods, Trader Joe’s Fan, Checkers & Rally’s, and Arby’s IP Holder among others. These key players have a strong presence in the market and are actively involved in product launches, expansions, and collaborations to maintain their market share and gain a competitive edge.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it