Mathew

Finger chips have been one of the most popular food snacks among the consumers since ages. As the processing of potatoes into finger chips is a cumbersome and time-consuming task, with the introduction of frozen processing techniques (in the 1950s), frozen finger chips have become one of the top-selling products globally. They offer convenience, ease of storage and have a long shelf-life.Besides this, their rich content of potassium and Vitamin B6 boost energy levels and immune system. Nowadays, frozen finger chips are available in different shapes, sizes and flavourings according to consumers’ needs.

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Competitive Landscape & Supplier Analysis

1. McCain Foods Ltd
2. J. R. Simplot Company
3. Lamb Weston (NYSE: LW)
4. Aviko (NASDAQ: AVGO)
5. Farm Frites
6. 11er Nahrungsmittel GmbH
7. Agrarfrost GmbH & Co. KG
8. Agristo
9. American Lorain Company
10. Balle Bros Group Ltd

The consumption of frozen finger chips has significantly increased since the late 1980’s. They have today become a global commodity, generating billions of dollars in revenue each year. Mounting number of large retail chains including hypermarkets and supermarkets, particularly in the developing regions have impelled the growth aspects of the global frozen finger chips market. Consumers’ growing interest in trying new and different cuisines along with the growing popularity of fast food chains have also augmented the demand for frozen finger chips worldwide. Moreover, increasing disposable incomes coupled with changing lifestyles have also added to the market growth. According to a new report by Expert Market Research, the market reached a value of nearly US$ 22 Billion in 2019 and is further expected to reach US$ 28 Billion by 2025.

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Market Breakup by Region:

1. Europe
2. North America
3. Asia Pacific
4. Others

Region-wise, Europe dominated the market with a share of more than a third of the total global share. It was followed closely by North America, Asia-Pacific and others.

Key findings from the report:

1. Region-wise, Europe dominated the market with a share of more than a third of the total global share. It was followed closely by North America, Asia-Pacific and others.
2. Some of the key players operating in the global frozen finger chips market are McCain Foods Limited, J.R. Simplot Company, Lamb Weston Holdings, Inc., Aviko, Farm Frites International B.V., 11er Nahrungsmittel GmbH, Agrarfrost GmbH & Co. KG, and Agristo.
3. These players are constantly indulging in different business strategies such as product developments and innovations so as to gain a competitive edge over the other players.

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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