(Australia-NewsWire.Com, February 08, 2018 ) According to the report Asia Pacific Frozen potatoes Market, published by Market Data Forecast, the Asia-Pacific market is projected to reach USD 23.27 billion by 2022, at a CAGR of 4.6% from 2017 to 2022.
Potatoes are one of the most consumed vegetable all around the world, both in fresh or processed form. Froze Potato is a type of processed potato present in variety of foods in the market. Frozen Potatoes are prepared by treating them at extremely low temperatures to achieve preservation of food and all the existing nutrients. Frozen Potatoes are used at Quick Service Restaurants (QSRs) and retail stores.
Asia Pacific Frozen potatoes Market: Drivers & Restraints This market is mainly driven by the expanding business of QSRs in several demographics all around the world, in both developing and developed countries. Some famous QSRs contributing to this market are McDonald’s, Dunkin’ Donuts, Burger King, Subway and more. Increase in urbanization and rising disposable income in developing countries are also some of the factors driving this market. However, high prices of frozen potato products and constant need of low temperature supply for these products are the factors limiting the growth of this market.
Asia Pacific Frozen potatoes Market: Overview On the basis of end users, frozen potatoes are mostly used for commercial purposes. On the basis of product, French Fries dominate the market and is expected to continue its dominance through the forecast period. Dominance of French fries can be attributed to its popularity in the fast food industry. French fries are followed by Hash Browns. The Asia Pacific Frozen potatoes Market is dominated by China, followed by India. Main reasons behind the dominance of both these countries in this market are the huge population in these regions and fast developing economies. Asia-Pacific secured the highest growth rate among all the regions owing to its high CAGR for this market, followed by Latin America.
Asia Pacific Frozen potatoes Market: Key Players The Asia Pacific Frozen potatoes market is highly competitive with a large number of players. Some of the major Companies are Lamb-Weston, Agrarfrost GmbH & Co. KG, Heinz Company, Himalya International Ltd., TaiMei Potato Industry Limited, Aviko, Bart's Potato Company, McCain Foods, J.R. Simplot Company, Aviko, Agristo NV and H.J. Heinz Company.
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