Scope of the Study
The global frozen finger chips market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Growing popularity for western cuisines among young generation consumers across different regions and rising consumer preferences towrds convenient snacks are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (White Potato Chips and Sweet Potato Chips), by Application (Household and Commercial) and major geographies with country level break-up.
11er Nahrungsmittel GmbH (Austria), Agrarfrost GmbH & Co. KG (Germany), Agristo (Belgium), Albert Bartlett & Sons (Scotland), Alexia Foods, Inc. (United States), Aviko BV (Netherlands), Farm Frites (Netherlands), J.R. Simplot Company (United States), Kroger (United States), Lamb Weston (United States), McCain Foods (Canada), Ore-Ida (United States) and Trader Joe’s (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on capturing new regional markets in order to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Frozen Finger Chips market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Frozen Finger Chips market by Type, Application and Region.
On the basis of geography, the market of Frozen Finger Chips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Popularity for Western Cuisines Among Young Consumers Across Different Regions
- Rising Consumer Preference Towards Convenient Snacks
- Rising Adoption of Online Sales Channel
- Stringent Regulations and Need for Quality Standards
- Declined Sales from Commercial Applications
- Opportunities in the Asia Pacific Region
- Rising Disposable Income & Growing Urbanization Across Emerging Countries
- Volatility of Material Processing Costs
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations and Stopped Production Across Different Indistries Leading to Generation of Demand & Supply Gap in the Frozen Finger Chips Market
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will affect the frozen finger chips market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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