Latin America Frozen Potatoes Market

Latin America Frozen Potatoes Market Growth and Forecast (2023 - 2028):

Latin America Frozen Potatoes Market was worth USD 5.47 billion in 2022 and estimated to be growing at a CAGR of 4.2%, to reach USD 6.66 billion by 2028. Potato is one of the most important crops, consumed in fresh or processed forms globally.

Market Overview:

Frozen potato is a type of processed potato treated with extremely low temperatures up to their freezing point to achieve preservation and protection of the food and the existing nutrients. Frozen potato and related products are used at commercial level via quick service restaurants (QSRs) and domestic level through large scale & small scale retail stores.

Drivers and Restraints:

The frozen potato market is mainly driven by the expanding business of quick service restaurants (QSRs) in the developing and the developed nations. Some of the highest QSRs contributing to the growth of frozen potato market include McDonald's, Burger King, Dunkin' Donuts, Subway, and more. Other factors driving the market are rise in disposable income of people in the emerging countries and increase in urbanization. However, high price of frozen potato products and need for constant low temperature is estimated to limit the market growth.

Latin America Frozen Potatoes Market Segmentation Analysis:

Latin America Frozen potatoes Market Segmentation by product and end user. By product the market is classified into French fries, hash brown, shapes, mashed, sweet potatoes, battered/cooked, twice baked, topped/ stuffed. French fries and hash browns are the most lucrative segment of the market. By end user the market is segmented into Residential and commercial .

Region Analysis:

Geographically the Latin America Frozen Potatoes Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. It was the second fastest growing region in the market owing to on-going developments in Brazil, Argentina, and other emerging economies.

Key Players in the Market:

Major Key Players in the Latin America Frozen Potatoes Market are

• McCain Foods
• Lamb-Weston
• J.R. Simplot Company
• Aviko
• Bart's Potato Company
• Agrarfrost GmbH & Co. KG
• Agristo NV
• H.J. Heinz Company
• Himalya International Ltd
• TaiMei Potato Industry Limited