The frozen potatoes sector, which is anticipated to expand in the projected period of 2023–2028 at a CAGR of 4.4%, is the main growth driver of the global market for frozen potato-based products.
North America and Europe accounted for a major share of the industry in the historical period and are expected to continue to be the leading regions in the forecast period.
“This can be attributed to the higher consumption rate of potato-based products and frozen foods in the regions. Shortly, the Asia Pacific (APAC) region is expected to become one of the most profitable markets for frozen potatoes,” a recent EMR market analysis synthesis reveals.
In the same respect, due to the expansion of quick service restaurants (QSRs) in the region, the frozen potatoes market in APAC is expanding.
Worldwide demand for frozen potatoes is rising as a result of rising fast food restaurants, improved food processing technology, rising disposable incomes, quick urbanization, and decreased import and export duties on frozen potatoes.
A source: https://www.potatobusiness.com
