About Frozen Finger Chips
The global frozen finger chips market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Growing popularity for western cuisines among young generation consumers across different regions and rising consumer preferences towrds convenient snacks are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The vendors in this market are majorly focusing on capturing new regional markets in order to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Finger Chips market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
11er Nahrungsmittel GmbH (Austria), Agrarfrost GmbH & Co. KG (Germany), Agristo (Belgium), Albert Bartlett & Sons (Scotland), Alexia Foods, Inc. (United States), Aviko BV (Netherlands), Farm Frites (Netherlands), J.R. Simplot Company (United States), Kroger (United States), Lamb Weston (United States) and McCain Foods (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ore-Ida (United States) and Trader Joe’s (United States).
Segmentation Overview
AMA Research has segmented the market of Global Frozen Finger Chips market by Type (White Potato Chips and Sweet Potato Chips), Application (Household and Commercial) and Region.
On the basis of geography, the market of Frozen Finger Chips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging, the sub-segment i.e. Bagged will boost the Frozen Finger Chips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Frozen Finger Chips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Online Sales Channel
Market Growth Drivers:
Growing Popularity for Western Cuisines Among Young Consumers Across Different Regions and Rising Consumer Preference Towards Convenient Snacks
Challenges:
Volatility of Material Processing Costs
Restraints:
Stringent Regulations and Need for Quality Standards and Declined Sales from Commercial Applications
Opportunities:
Opportunities in the Asia Pacific Region and Rising Disposable Income & Growing Urbanization Across Emerging Countries
Market Leaders and their expansionary development strategies
In September 2022,McCain Foods has acquired Scelta Products, adding the Netherlands-based producer of frozen foods to its growing family of delicious, prepared vegetable appetizer product offerings.
In September 2020,Dutch potato business Aviko has acquired a plant in Germany from consumer goods giant Unilever through a deal that also includes a strategic partnership.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations and Stopped Production Across Different Indistries Leading to Generation of Demand & Supply Gap in the Frozen Finger Chips Market
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will affect the frozen finger chips market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Manufacturing, Providers and Suppliers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.