At 5.3% CAGR, the South & Central America Frozen French Fries Market is Projected to be worth US$ 5,860.51 million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America frozen French fries market was valued at US$ 3,891.63 million in 2022 and is expected to reach US$ 5,860.51 million by 2030, registering a CAGR of 5.3% from 2022 to 2030. Growing consumption of convenience food and expansion of quick service restaurants are among the critical factors attributed to the South & Central America frozen French fries market expansion.

The surge in the consumption of high-quality convenience food owing to changing lifestyles is one of the biggest trends in the food industry. Convenience food, such as frozen snacks, frozen meals, and frozen ready-to-eat products, allow consumers to save time and effort associated with ingredient shopping, meal preparation, cooking, consumption, and post-meal cleaning activities. The development and popularity of these food items are ascribed to many social changes; the most notable are the increasing number of smaller households and the rising millennial population worldwide. Due to hectic work schedules, millennials prefer quick, easy meals without compromising taste and nutrition. Fast-food franchises such as McDonald's, Wendy's, Johny Rocket, KFC, Burger King, and Hardy’s substantially impact the South & Central America frozen French fries market. Further, convenience foods satisfy the needs of consumers and are readily available in retail outlets or stores as well as various fast-food chains, hotels, and quick-service restaurants. The rise in retail outlets, convenience stores, and supermarkets has increased the availability of ready-to-eat food, propelling the frozen snacks industry to new heights. Thus, the growing consumption of convenience food, such as frozen French fries, is influencing the market growth.

On the contrary, increasing preference for regular fries and natural products hurdles the growth of South & Central America frozen French fries market.

Based on product type, the South & Central America frozen French fries market is segmented into regular fries, crinkle-cut fries, steak fries, and others. The regular fries segment held 50.7% share of South & Central America frozen French fries market in 2022, amassing US$ 1,972.82 million. It is projected to garner US$ 2,989.82 million by 2030 to expand at 5.3% CAGR during 2022–2030.

Based on category, the South & Central America frozen French fries market is bifurcated into organic and conventional. The conventional segment held 83.6% share of South & Central America frozen French fries market in 2022, amassing US$ 3,252.27 million. It is projected to garner US$ 4,855.38 million by 2030 to expand at 5.1% CAGR during 2022–2030.

Based on end user, the South & Central America frozen French fries market is segmented into retail and foodservice. The foodservice segment held 73.8% share of South & Central America frozen French fries market in 2022, amassing US$ 2,871.57 million. It is projected to garner US$ 4,359.47 million by 2030 to expand at 5.4% CAGR during 2022–2030.

Based on country, the South & Central America frozen French fries market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states the Rest of South & Central America captured 48.0% share of South & Central America frozen French fries market in 2022. It was assessed at US$ 1,867.59 million in 2022 and is likely to hit US$ 2,836.49 million by 2030, exhibiting a CAGR of 5.4% during 2022–2030.

Key players operating in the South & Central America frozen French fries market are Agristo NV, Aviko B.V., Bart’s Potato Company, Farm Frites International B.V., J.R. Simplot Company, Lamb Weston Holdings Inc, McCain Foods Limited, and The Kraft Heinz Co, among others.

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