At 5.8% CAGR, the Asia Pacific Frozen French Fries Market is Projected to be worth US$ 13,157.19 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific frozen French fries market was valued at US$ 8,406.56 million in 2022 and is expected to reach US$ 13,157.19 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Advancement in cold chain infrastructure and deployment of innovative technologies are among the critical factors attributed to the Asia Pacific frozen French fries market expansion.

The cold chain, which consists of pre-cooling, refrigerated storage, and refrigerated transport, is one of the pillars of the postharvest handling chain. It is regarded as the backbone of any postharvest industry (developed or developing) and an essential set of technologies for reducing food losses. Cold chain logistics have proven to be critical for any country seeking to enhance its frozen food market share. Cold chain infrastructure has increased significantly in recent years. For instance, according to the International Institute of Refrigeration (IIR) and the Global Cold Chain Alliance (GCCA) report, the total capacity of refrigerated warehouses globally increased to 719 million cubic meters in 2020, 16.7% greater than the capacity reported in 2018. Further, major market service providers are constantly improving their technologies to stay ahead of the competition and maintain efficiency, integrity, and safety across the globe. For instance, vendors have implemented Hazard Analysis and Critical Control Points (HACCP) and Radio Frequency Identification (RFID) technology to improve efficiency with smaller shipments. In addition, they are expanding their multi-compartment refrigerated vehicle fleets to provide additional services to consumers. Thus, advancements in cold chain infrastructure are expected to offer lucrative opportunities for the Asia Pacific frozen French fries market players.

On the contrary, increasing preference for regular fries and natural products hurdles the growth of Asia Pacific frozen French fries market.

Based on product type, the Asia Pacific frozen French fries market is segmented into regular fries, crinkle-cut fries, steak fries, and others. The regular fries segment held 56.6% share of Asia Pacific frozen French fries market in 2022, amassing US$ 4,760.43 million. It is projected to garner US$ 7,514.08 million by 2030 to expand at 5.9% CAGR during 2022–2030.

Based on category, the Asia Pacific frozen French fries market is bifurcated into organic and conventional. The conventional segment held 85.1% share of Asia Pacific frozen French fries market in 2022, amassing US$ 7,150.08 million. It is projected to garner US$ 11,099.11 million by 2030 to expand at 5.7% CAGR during 2022–2030.

Based on end user, the Asia Pacific frozen French fries market is segmented into retail and foodservice. The foodservice segment held 70.8% share of Asia Pacific frozen French fries market in 2022, amassing US$ 5,947.64 million. It is projected to garner US$ 9,391.76 million by 2030 to expand at 5.9% CAGR during 2022–2030.

Based on country, the Asia Pacific frozen French fries market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.1% share of Asia Pacific frozen French fries market in 2022. It was assessed at US$ 2,701.03 million in 2022 and is likely to hit US$ 3,945.84 million by 2030, exhibiting a CAGR of 4.9% during 2022–2030.

Key players operating in the Asia Pacific frozen French fries market are Agristo NV, Aviko B.V., Bart’s Potato Company, Farm Frites International B.V., Himalaya Food International Ltd, J.R. Simplot Company, Lamb Weston Holdings Inc, McCain Foods Limited, Rairandev Golden Fries Pty Ltd, and The Kraft Heinz Co, among others.

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