Finger Chips (French Fries) are batons of deep-fried potato, consumed hot in either soft or crispy form. They are generally consumed along with lunch or dinner, or as snacks. Spurred by the innovation of frozen processing techniques started in the 1950s and the increasing popularity of fast food chains, frozen finger chips have become a top-selling product worldwide. During 2014-2018, the global frozen finger chips market grew at a CAGR of around 4%. The market is currently being driven by a growing popularity of finger chips among the youth, changing food preferences, fast-paced lifestyle, popularity of quick service restaurants (QSRs) and growing influence of western culture in emerging markets. This report by Expert Market Research, entitled “Frozen Finger Chips Market Report and Forecast 2019-2024”, provides a comprehensive analysis for anyone who plans to foray into the frozen finger chips market.
Historical market trends for the frozen finger chips industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global frozen finger chips market into the following regions – North America, Asia Pacific and Europe. Europe currently represents the world’s largest frozen finger chips market with a share of 35%. Europe was followed by North America and Asia Pacific.
The value chain analysis of frozen finger chips, encompassing all the activities such as procurement, manufacturing, sales and distribution, has also been covered in this report. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the frozen finger chips industry has also been provided. Some of the key players in this market include: McCain Foods, J.R. Simplot Company, Lamb Weston, Aviko, etc.
This report provides an exhaustive insight for setting-up and running a frozen finger chips manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labor requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the frozen finger chips market?
- Which are the biggest markets (regions) for frozen finger chips?
- Who are the key players in the frozen finger chips market?
- What are the land and construction requirements to start a frozen finger chips manufacturing plant?
- What are the machinery requirements to start a frozen finger chips manufacturing plant?
- How are frozen finger chips priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a frozen finger chips manufacturing plant?
- What are the running costs of a frozen finger chips manufacturing plant?
- How much revenue can a frozen finger chips manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the frozen finger chips industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.