Study: Frozen potato market estimated to reach $60,109.5M by 2022
North America is also expected to emerge as the second most lucrative market in the global frozen potato market.
The global frozen potato market is expected to register 4% CAGR during the forecast period 2017-2022, according to the latest report by Fact.MR, Rockville, Md., thanks in part to the increased consumption of fast food, expansion of quick-service restaurants, improved packaging formats, new product development and high-tech manufacturing equipment.
Europe is expected to dominate the global frozen potato market. By the end of 2017, the European frozen potato market is projected to account for nearly one-third of the revenue share. Increasing investment in new product development, rising consumer attraction toward fast food and presence of the major market players are some of the reasons contributing toward the growth of frozen potato market in Europe.