French fries is a deep-fried food made with potatoes. It comes in different shapes and sizes and are often served hot, either soft or crispy. This food item is generally consumed as a part of lunch or dinner or as a snack. French fries are common on the menus of quick service and full service restaurants all around the world. French fries today have become a quintessential comfort food preferred by a large number of North American population of varying ages.
The North America French fries market is expected to witness a steady growth during the forecast period, which can be attributed to the increase in affinity of consumer toward fast food due to busy lifestyle. Moreover, increase in instances of people eating out at restaurants further aids the growth of French fries in the North American market. Other factors that drive the growth of the North America French fries market include rise in the disposable income, increase in the number of fast food restaurants, and surge in convenience due to rise in penetration of online shopping and adoption of home delivery service. However, health hazards associated with fried foods act as the major restraint for the North America French fries market. On the contrary, introduction of organic and non-Genetically Modified Organism (GMO) variety of French fries is expected to provide growth avenues in the coming years.
The North America French fries market is segmented on the basis of type, age group, distribution channel, and country. By type, the market is bifurcated into regular and frozen French fries. On the basis of age group, the market is classified into below 18 years old, between 20 and 35 years old, and above 35 years.
By distribution channel, the market is divided into quick service restaurants (QSRs), institutions, restaurants, and others. By country, the market is studied across the U.S. and Canada.
The key players in the North America French fries market have relied upon acquisition as their key strategy to remain competitive in the market. The key players analyzed in the French fries industry in the North America include Agristo Nv, Alexia Foods, Aviko (Royal Cosun), Cavendish Farms, J.R. Simplot Company, Lamb Weston Holdings, Inc., Luxfries Bvba, Mccain Foods Limited, Nathan’s Famous, Inc., and Ore-Ida
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTATION
By Type
By Age Group
By Distribution Channel
By Country
The North America French fries market is expected to witness a steady growth during the forecast period, which can be attributed to the increase in affinity of consumer toward fast food due to busy lifestyle. Moreover, increase in instances of people eating out at restaurants further aids the growth of French fries in the North American market. Other factors that drive the growth of the North America French fries market include rise in the disposable income, increase in the number of fast food restaurants, and surge in convenience due to rise in penetration of online shopping and adoption of home delivery service. However, health hazards associated with fried foods act as the major restraint for the North America French fries market. On the contrary, introduction of organic and non-Genetically Modified Organism (GMO) variety of French fries is expected to provide growth avenues in the coming years.
The North America French fries market is segmented on the basis of type, age group, distribution channel, and country. By type, the market is bifurcated into regular and frozen French fries. On the basis of age group, the market is classified into below 18 years old, between 20 and 35 years old, and above 35 years.
By distribution channel, the market is divided into quick service restaurants (QSRs), institutions, restaurants, and others. By country, the market is studied across the U.S. and Canada.
The key players in the North America French fries market have relied upon acquisition as their key strategy to remain competitive in the market. The key players analyzed in the French fries industry in the North America include Agristo Nv, Alexia Foods, Aviko (Royal Cosun), Cavendish Farms, J.R. Simplot Company, Lamb Weston Holdings, Inc., Luxfries Bvba, Mccain Foods Limited, Nathan’s Famous, Inc., and Ore-Ida
KEY BENEFITS FOR STAKEHOLDERS
- The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing North America French Fries market opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the size and segmentation assists in determining the prevailing market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the industry.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the North America French Fries industry.
KEY MARKET SEGMENTATION
By Type
- Regular
- Frozen
By Age Group
- Below 18 Years
- 20-35 Years Old
- Above 35 Years Old
By Distribution Channel
- QSR
- Institutional
- Restaurants
- Others
By Country
- U.S.
- Canada
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: North America French Fries Market, By Type
Chapter 5: North America French Fries Market, By Age Group
Chapter 6: North America French Fries Market, By Distribution Channel
Chapter 7: North America French Fries Market, By Country
Chapter 8: Company Profiles
Executive Summary
According to the report, titled, 'North America French Fries Market by Product, Age Group and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019-2026,' the North America French Fries market size was valued at $7,758.9 million in 2018 and is expected to grow at a CAGR of 3.2% to reach $ 9,948.3 million in 2026. The frozen segment was the most prominent segment in 2018 and is expected to remain dominant throughout the forecast period.French fries are foods made by deep frying finely cut potatoes. This food item is often served alongside the main meal for lunch or dinner. Different varieties of French fries are available in the market for consumers to purchase ranging from plain salted flavor to spicy options. French fries are one of the most preferred options of fast food in quick service restaurants and full service restaurants.
The French fries market in North America is driven by increase in affinity of consumers toward fast food as well as increase in number of people preferring to eat outside over cooking. Moreover, increase in the number of fast food outlets, a rise in the disposable income of people in the region coupled with rise in penetration of online shopping and adoption of home delivery service make way for the North America French fries market growth. However, health issues such as obesity and cardiac diseases associated with fried food act as a major restraint for the growth of the French fries market in the U.S. and Canada. On the contrary, introduction of healthy varieties of French fries such as low carbohydrate, and air fried/baked is expected to provide opportunities for the growth of the North America French fries market.
The North America French fries market is segmented on the basis of type, age group, distribution channel, and country. By type, the market is segmented into regular and frozen French fries. On the basis of age group, the market is categorized into below 18 years old, between 20 and 35 years old, and above 35 years old. By distribution channel, the market is divided into quick service restaurants (QSRs), institutions, restaurants and others. By country, the market is been studied across the U.S. and Canada.
According to the North America French fries market analysis by product, the frozen segment was the most prominent category in 2018 and is expected to remain dominant during the forecast period. This is attributed to ease of storage due to the high shelf life of the frozen products over the conventional products.
In 2018, by age group, the between 20 and 35 years old segment was the highest contributor to the French fries market in the North America. This can be attributed to the busy lifestyles, rise in dependence on fast food, and the preference of having convenient meal options among this demographic cohort in the U.S. and Canada.
According to the North America French fries market forecast by distribution channel, the QSR segment accounted for the highest share in the market in 2018 and is expected to grow at significant growth rate through the forecast period. The growth in this segment is driven by rise in number of Quick Service Restaurants (QSRs) along with a rise in the number of people preferring to eat outside.
By country, the U.S. was the most prominent market in 2018 and is expected to dominate the North America French fries market through 2019-2026. The key players in the industry have adopted a number of strategies such as product launch, expansion, and acquisition as their go-to strategies to stay competitive in the market.
Key Findings of The Study
The North America French Fries market was valued at $$7,758.9 million in 2018 and is estimated to reach $9,948.3 million by 2026, growing at a CAGR of 3.2% throughout the forecast period.
Based on product, the frozen segment is expected to witness the fastest growth, registering a CAGR of 3.2% during the forecast period.
In 2018, based on age group, the 20-35 year old segment held the highest share, accounting for more than half of the global market share.
In 2018, QSR was the most prominent market in the U.S. and Canada region is expected to grow at a significant CAGR throughout the forecast period.
U.S. was the dominant country in 2018, accounting for more the four-fifths of the North America French fries market share.
The key players in the North America French fries industry profiled in the report include Agristo Nv, Alexia Foods, Aviko (Royal Cosun), Cavendish Farms, J.R. Simplot Company, Lamb Weston Holdings, Inc., Luxfries Bvba, McCain Foods Limited, Nathan’s Famous, Inc., and Ore-Ida.
Companies Mentioned
- Agristo Nv
- Alexia Foods
- Aviko (Royal Cosun)
- Cavendish Farms
- J.R. Simplot Company
- Lamb Weston Holdings Inc.
- Luxfries Bvba
- Mccain Foods Limited
- Nathan’s Famous Inc. Ore-Ida.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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