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India Frozen Potato Products Market to Grow at a CAGR of 17% During 2021-2026, Aided by the Rising Demand for Convenience Food

According to a new report by EMR titled, ‘India Frozen Potato Products Market Report and Forecast 2021-2026’, the market attained a value of about USD 1.10 billion in 2020. The industry is further expected to grow at a CAGR of 17% in the forecast period of 2021-2026 to reach a value of about USD 2.82 billion by 2026.

The frozen potato products industry in India is aided by the shift towards easy-to-cook and convenient food products in the urban Indian households due to rising inflation income and hectic lifestyles. The rising demand for cost-effective food is also expected to aid the market growth. The growing prominence of western cuisines and the changing food patterns are also propelling the market growth for frozen potato products in the country. Product launches, advertisements, and the development of innovative products are expected to further catalyse the market growth. The offer of portion control by frozen potato products is also expected to facilitate the growth of the market. The availability of various products with different flavours and varieties is further boosting the industry growth. Moreover, the rising craze of western food products, especially snacks, particularly among the youth, is also invigorating the market.

The key industry players are also experimenting with various cuisines and flavours to develop new innovative products. Some of the leading players of the market are ITC Limited (NSE: ITC) and McCain Foods Ltd. The latter had launched McCain SureCrisp™ in February 2019 at India Food Forum. They are clear-coated fries and stay crispy five times longer than regular fries. This would also replace the soggy fries, which often leads to a bad rating and review for food delivery agents and restaurateurs. Moreover, the fries are crispy on the surface and soft on the inside and have a mild, salty flavour. Additionally, the chips can stay crispy even after being reheated in a microwave and have different packaging for easy identifications. Such trends and properties are expected to facilitate the market growth.

Market Analysis by Type, End Use, Distribution Channel, and Region:

  • The market, on the basis of type, can be divided into french fries, tikki, potato wedges, potato bites, and smileys, among others.
  • Based on the end use, the industry can be divided into institutional and retail.
  • The distribution channels for frozen potato products include supermarkets and hypermarkets, convenience store, specialty stores, and online, among others.
  • The regional markets for frozen potato products include North India, Central and West India, South India, and East India.

Key Findings of the Report:

  • The industry is being aided by the rising demand for easy-to-prepare convenient food due to the hectic lifestyles of the growing urban population in India.
  • The surging quick-service restaurants and the increasing demand for frozen potato products are aiding the market growth.
  • The increasing popularity of western foods, such as fries and wedges, is propelling the industry growth.
  • The availability of products with diverse flavours on both online and offline platforms is providing impetus to the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the India frozen potato products market  for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, end uses, distribution channels, and regions of frozen potato products.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the market for frozen potato products in India are McCain Foods Ltd., Hyfun Foods, Iscon Balaji Foods Private Limited, and Bhanu Farms Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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