PUBLISHER: The Insight Partners | PRODUCT CODE: 1666309
PUBLISHER: The Insight Partners | PRODUCT CODE: 1666309
The South & Central America frozen potato market was valued at US$ 5,532.67 million in 2023 and is expected to reach US$ 7,678.52 million by 2031; it is estimated to register a CAGR of 4.2% from 2023 to 2031.
Advancement in Cold Chain Infrastructure Fuels South & Central America Frozen Potato Market
The cold chain, which consists of pre-cooling, refrigerated storage, and refrigerated transport, is one of the pillars of the postharvest handling chain. It is regarded as the backbone of any postharvest industry (developed or developing) and an essential set of technologies for reducing food losses. In addition, cold chain logistics have proven to be a critical necessity for any country seeking to enhance its frozen food market share. Cold chain infrastructure has increased significantly in recent years. For instance, according to the International Institute of Refrigeration (IIR) and the Global Cold Chain Alliance (GCCA) report, the total capacity of refrigerated warehouses globally increased to 719 million cubic meters in 2020 which is 16.7% greater than the capacity reported in 2018. In addition, the expansion of cold chain capacity in emerging countries differs for each country. The expansion of cold chain capacity in emerging countries varies for each country. Major market service providers are constantly improving their technologies to stay ahead of the competition and maintain efficiency, integrity, and safety across the globe. For instance, vendors have implemented Hazard Analysis and Critical Control Points (HACCP) and RFID technology to improve efficiency with smaller shipments. In addition, they are expanding their multi-compartment refrigerated vehicle fleets to provide additional services to consumers.
Thus, advancements in cold chain infrastructure are emerging as a lucrative opportunity for the South & Central America frozen potato market players.
South & Central America Frozen Potato Market Overview
The Rest of the South & Central America region includes countries, namely, Chile, Colombia, and Peru, among others. These regions are witnessing fair growth in the frozen potato market due to the easy availability of products and rising demand for convenient snacking. The presence of well-established distribution channels such as supermarkets, hypermarkets, and convenience stores in the countries makes the products accessible to a wider consumer base. Moreover, the rising purchasing power of the consumers is projected to further boost the demand for frozen potatoes in the Rest of South & Central America.
South & Central America Frozen Potato Market Revenue and Forecast to 2031 (US$ Million)
South & Central America Frozen Potato Market Segmentation
The South & Central America frozen potato market is categorized into product type, end user, and country.
By product type, the South & Central America frozen potato market is segmented into French fries, hash brown, shaped, mashed, battered/cooked, topped/stuffed, and others. The French fries segment held the largest share of the South & Central America frozen potato market share in 2023.
In terms of end user, the South & Central America frozen potato market is bifurcated into residential and commercial. The commercial segment held a larger share of the South & Central America frozen potato market in 2023.
Based on country, the South & Central America frozen potato market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America segment held the largest share of South & Central America frozen potato market in 2023.
Aviko BV; Bart's Potato Co; Farm Frites International BV; Greenyard NV; JR Simplot Co; Kipco Damaco NV; Kraft Heinz Co; Lamb Weston Holdings Inc; and McCain Foods Ltd are some of the leading companies operating in the South & Central America frozen potato market.