Updated Jan 10, 2023 11:28

Global Frozen Potato Market

Market Overview
The global frozen potato market rose slightly to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a noticeable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Global consumption peaked at $ in 2019; afterwards, it flattened through to .

In value terms, frozen potato production reduced to $ in estimated in export price. Overall, the total production indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Global production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.

China ( tons) remains the largest frozen potato producing country worldwide, accounting for % of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, Belgium ( tons), twofold. India ( tons) ranked third in terms of total production with a % share.

In China, frozen potato production expanded at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Belgium (+% per year) and India (+% per year).


Consumption
In , the amount of frozen potatoes consumed worldwide was estimated at tons, remaining stable against . Overall, the total consumption indicated noticeable growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Global consumption peaked at tons in 2019; however, from to , consumption remained at a lower figure.

The global frozen potato market size amounted to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the global market reached the peak level at $ in 2019; afterwards, it flattened through to .


Consumption by Country
The country with the largest volume of frozen potato consumption was China ( tons), comprising approx. % of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the United States ( tons), threefold. The third position in this ranking was held by India ( tons), with a % share.

From 2007 to , the average annual growth rate of volume in China stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+% per year) and India (+% per year).

In value terms, China ($) led the market, alone. The second position in the ranking was held by the United States ($). It was followed by India.

From 2007 to , the average annual rate of growth in terms of value in China amounted to +%. In the other countries, the average annual rates were as follows: the United States (+% per year) and India (+% per year).

The countries with the highest levels of frozen potato per capita consumption in were the UK ( kg per person), Italy ( kg per person) and France ( kg per person).

From 2007 to , the biggest increases were recorded for Italy (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for frozen potato worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .