French Fries Market – Demand for Ready-to-Eat Frozen Foods Explodes, up to 53% Year-Over-Year | Industry Analysis and Forecast (2024-2030)

The French Fries Market size was valued at USD 25.8 Billion in 2023 and the total French Fries Market revenue is expected to grow at a CAGR of 5.33% from 2024 to 2030, reaching nearly USD 37.11 Billion.

French Fries Market Overview: A Staple of Fast-Food Culture

French fries are a common worldwide snack food made from potatoes that are cut into strips then fried or baked. Usually served hot, French fries are made in a variety of shapes, with curly, waffle, and thin strips, and consumed with mayonnaise, ketchup, gravy, salsa, or other condiments. French fries largely contain carbohydrates and protein from potatoes in addition to lipids absorbed throughout the deep-frying process. French fries are distributed over hypermarkets & supermarkets, online channels, convenience stores, distributors, and direct purchase channels. Their end users are mostly in the food service and retail sectors.



Americans, on average, consume almost 30 pounds of French fries a year. Fried potatoes repeatedly accompany meals, as Americans also consume about three hamburgers a week, averaging 156 burgers per person yearly (more than 48 billion in total). A sizable portion of these fast-food staples is used at McDonald’s, where nearly 1 billion pounds of beef and 3.4 billion potatoes are used every year. McDonald's sells about 9 million pounds of French fries worldwide each day. McDonald's is the dominant buyer of potatoes in the USA, buying about 3.4 billion pounds of potatoes yearly. Twice a year, the company shows a French Fry Evaluation, a contest for the best potatoes among its three major U.S. suppliers: Lamb Weston, McCain, and J.R. Simplot. McDonald's aspects its massive worldwide sales to this contest and other quality control efforts, featuring the importance of quality in the French Fries Market.

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French Fries Market Dynamics:
The MMR report presents a complete overview by providing detailed information about the current French Fries Market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The French Fries Market report has up-to-date insights about market dynamics and market scenarios that can shape the overall French Fries Market growth and output during the forecast period, 2024 to 2030.

Growing RTE Food Demand Boosts French Fries Market Growth

Growing demand for ready-to-eat (RTE) food is expected to drive the growth of the French fries market globally. RTE foods are pre-cleaned, pre-cooked, wrapped, and ready to consume without prior preparation. in January 2022, India's Ministry of Commerce & Industry reported a 24% growth in RTE food exports, nearly $394 million in 2021-22 compared to the previous year. According to Euromonitor, Japan's packaged food segment retail sales totalled $216.3 billion in 2022. Therefore, the rising demand for RTE food fuel the French fries market's growth.

Rising Online Food Delivery Fuels French Fries Market Growth

The rising popularity of online food delivery services is expected to further drive the growth of the French fries market. These services, which deliver food ordered via online third-party platforms, benefit French fries by offering convenience, a wider reach, and marketing opportunities. Such as, according to a February 2023 report by Zippia, 60% of Americans order delivery at least once a week, spending about $67 weekly on takeout. The French fries market value of online food delivery was $18.5 billion in 2020, growth by 13% from 2020 to 2021. This rise in online food delivery services is driving the French fries market's growth.

High Popularity of Online Food Delivery:

Uber Eats, Swiggy, Food Panda, and other online food delivery services are examples. These businesses have made buying food online simple and convenient, which is a major driver of market growth. Also, the market is being driven by an increase in product releases by key competitors in the French fries market.

The Number of Quick-Service Restaurants Is Increasing Across the Globe:

The QSR (Quick Service Restaurant) business is one of the most diversified segments of the food and beverage Type. The Quick Service Restaurant is the most profitable model in the restaurant Type. The benefit of a Quick Service Restaurant is that it is a specific sort of restaurant that serves fast food meals with less table service. In quick-service restaurants, the prevalence of smartphones and mobile apps has led to significant advancements in point-of-sale systems.

French Fries Market Challenges:

Health-related issues present major challenges to the French Fries Market. Increased consumption of fried potatoes concludes the risk of chronic illnesses like hypertension, obesity, and diabetes, which are strong risk factors for cardiovascular disease. French fries fried at excessively high temperatures may limit trans fats, increasing the risk of premature mortality. Daily consumption of French fries (more than twice a week) has been linked to higher health risks, establishing potential roadblocks to the overall frozen French fries market.

French Fries Market Opportunities:

Food manufacturers can innovate by creating a variety of potato-based products, with healthier French fries. The decline in worldwide potato output has led to a surge in new product introductions. The nutritional content of frozen potato products is driving their expanding consumption. Such as, as per the United States Department of Agriculture, 100 grams of potatoes offer essential nutrients like carbohydrates, calories, dietary fiber, protein, and vitamin C, meeting substantial portions of the Recommended Daily Allowance (RDA).
French Fries Market Segment Analysis:
By Product, the French Fries Market is segmented into fresh and frozen, in which frozen fries accounted for 59.45% of the market share in 2023. The concern of consumers regarding standard taste which they expect, is driving the Type of frozen fries. When people go to fast-food restaurants like Mcdonald’s and KFC, they notice that the fries are frozen. People often believe that fresh means better taste and quality, but the texture and taste of fresh-cut fries can vary greatly due to differences in potato oil, temperature, and moisture, causing inconsistency. By using frozen French fries, you no longer have to worry about this problem. This is the driving force behind the growth of the frozen French fry segment.



Based on Application, The French Fries Market is divided into two categories: Food Service and Household. The food service Type accounted for the largest market share with 72.55% in 2023. The growth of fast-food chains around the world, more hectic lifestyles, and rising purchasing power of the working population, as well as the growing appeal of western cuisines, have all contributed to this segment's adoption.
French Fries Market Regional Analysis:
The North American region held the largest French Fries Market share accounting for 36.8% in 2023. The North American region is expected to witness significant growth at a CAGR of 3.36% through the forecast period. The growing fast-food business in the area of North America, is forecasted to hold a considerable market share in terms of value over the forecast period. Growth in customer desire for fast food, as well as an increase in the number of people who prefer to eat without overcooking, are driving demand for French fries in North America. Also, the growth of fast-food outlets, rising disposable income in the region, growing online shopping penetration, and the adoption of home delivery services all contribute to the growth of the French Fries market in North America.

Europe stands as the second-largest French fries market in frozen segment over 2023-2030. The Belgium and Netherlands are the top producers of frozen potato goods in Europe, with a major portion, including French fries, potato croquettes, and potato rösti, destined for export, mainly to the United Kingdom. Belgian and Dutch companies have historically produced over half of all European frozen potato products. The UK and Germany are also major producers of frozen French fries and related items.

In the APAC, China leads the French fries market. With changing lifestyles and adding disposable incomes, Chinese consumers' demand for processed foods like frozen potatoes is rising. China's status as a leading potato grower also supports the production of frozen French fries thanks to the availability of cheap raw materials.

Key Industry Developments in the French Fries Market

The French Fries Market has seen significant advances recently. Iscon Balaji Foods introduced India's largest French fries production facility in Mehsana, Gujarat, with a USD 63 million investment, cover 25 acres and aiming for an annual production of 60,000 tons.

Lamb Weston Holdings completed the acquisition of Meijer Frozen Foods B.V.'s remaining equity interests for €525 million and shares in February 2023. Additionally, in February 2022, Kraft Heinz and Simplot Food Group signed a long-term agreement, making Simplot the exclusive manufacturer and supplier of Ore-Ida products.

McCain published a substantial investment in Coaldale, doubling the size of its facility and output in Coaldale, Alberta in March 2023. The investment will reflect McCain’s strong business growth.
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Global French Fries Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 25.8 Bn.


Forecast Period 2024 to 2030 CAGR:
5.33%
Market Size in 2030:
US $ 37.11 Bn.


 Segments Covered:
by Product
Fresh
Frozen


by Type
Classic Fries
Waffle Fries
Curly Fries


by Application
Food Service
Household



French Fries Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Leading French Fries Market Key Players:
1. McCain Foods Ltd.. - Canada
2. J.R. Simplot Company - USA
3. Lamb Weston Holdings, Inc. - USA
4. Farm Frites International B.V. - Netherlands
5. Aviko - Netherlands
6. Ore-Ida - USA
7. Alexia Foods - USA
8. 11er Nahrungsmittel GmbH - Germany
9. Agrarfrost - Germany
10. Agristo NV - Belgium
11. Hofmann - Germany
12. Lamb Weston / Meijer - Netherlands (European joint venture)
13. Intersnack - Germany
14. Südstärke - Germany
15. Goya Foods - USA
16. PepsiCo (Frito-Lay) - USA
17. Dole Food Company - USA
18. ConAgra Foods - USA
19. Manitoba Harvest - Canada
20.Suntory Beverage & Food Limited - Japan

FAQs:
1. What are the growth drivers for the market?
Ans. Increasing consumer demand for convenience foods and innovations in product offerings market growth.

2. What are the factors restraining the global French Fries market growth during the forecast period?
Ans. Market restraints include health concerns related to high-fat content and competition from alternative snacks.

3. Which region is expected to lead the global market during the forecast period?
Ans. North America is expected to lead the global market during the forecast period.

4. What is the projected market size and growth rate of the Market?
Ans. The French Fries Market size was valued at USD 25.8 Billion in 2023 and the total French Fries revenue is expected to grow at a CAGR of 5.33% from 2024 to 2030, reaching nearly USD 37.11 Billion by 2030.

5. What segments are covered in the Market report?
Ans. The segments covered in the market report are Product, Type, Application and Region.