Latin America, Middle East & Africa Frozen Potato Market By End User (Commercial, Residential), Product Type (French Fries, Hash Brown, Shapes, Mashed, Sweet Potatoes Yam, Battered Cooked, Twice Baked, Topped Stuffed)
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The LAMEA Frozen Potato Market Size is estimated to witness a market growth rate of 5.1% CAGR during the forecast period (2016-2022).
Frozen potato is one of the processed forms of potato which is included in varieties of products in the market. French fries, potato flakes, wedges are some of the frozen potato types. Potatoes are stored in extremely low temperature for the preservation and protection of the food. Frozen potato has gained a lot of attention in recent years. Introduction of new flavors and products have contributed to its rising demand. Manufactures have introduced differentiated products to remain competitive and garner better market share. Freezing is one of the widely used methods for preserving food. Refrigerated food products have gained demand due to change in lifestyle. Growth of advanced technology in refrigeration systems has increased the life of frozen products. Companies like General Electric has developed leap in home refrigeration technology. The technology uses no refrigerants or compressors and is 20% more efficient than what is used today. Additionally, growing awareness for energy efficient products is adding more value to the rising demand of frozen potato market.
The Frozen Potato Market has been segmented on the basis of product, end-user, and country. Based on product, the market is segmented into French Fries, Hash Brown, Shapes, Mashed, BatteredCooked, Sweet PotatoesYam, Twice Baked, ToppedStuffed, and Others. Based on End-user, the market is segmented into Residential and Commercial. Based on country, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The key players operating in the frozen potato market are McCain Foods Limited, J.R. Simplot Company, Lamb Weston, Agrarfrost Holding Gmbh & Co. KG, Agristo, Barts Potato Company, Himalya International, and Koninklijk Co?peratie Cosun U.A (Royal Cosun).