May 18, 2024

French Fries Processing Machine Market Is Driven By Growing Demand For Processed Foods

French fries are among the most popular fast food items consumed globally. French fries processing machines are used for washing, cutting, and frying potatoes to produce French fries of desired shape and size on a large scale. Growing demand for convenience food and expanding fast food chains are fueling the demand for French fries globally. French fries processing machines offer improved efficiency and consistency in French fries production. They ensure uniform size and shape of cut potatoes and aid in mass production.

The global French Fries Processing Machine Market is estimated to be valued at US$ 921.8 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Automated French fries processing machines offer higher production capacity and efficiency as compared to manual processing. Key players are focusing on incorporating sensors, AI, and IoT in French fries processing machines to gain real-time process data for quality monitoring and production optimization. This is expected to drive the demand for smart and automated French fries processing machines during the forecast period.

Porter’s Analysis

Threat of new entrants: Low – The French fries processing machine market is a competitive market with established players. High initial costs of machinery and technology required for operations pose a barrier for new players.

Bargaining power of buyers: Moderate – Presence of several options and substitutes for French fries gives buyers moderate bargaining power. However, preference for branded fries limits switching.

Bargaining power of suppliers: Low – Market has large number of equipment manufacturers and raw material suppliers. Switching costs are low.

Threat of new substitutes: Moderate – Other potato and non-potato snack options pose threats. Customer preferences and tastes can shift to substitutes.

Competitive rivalry: High – Intense competition between major players to gain market share through product innovation, reliability and services.

Key Takeaways

The Global French Fries Processing Machine Market Size is expected to witness high growth over the forecast period. The global flexible hybrid electronics market is estimated to be valued at US$ 139.62 Mn in 2023 and is expected to exhibit a CAGR of 23% over the forecast period 2023 to 2030.

North America dominates the market currently due to growing consumption of convenient snack foods. Changing lifestyles and busy schedules favor frozen and packaged potatoes over home-cooked varieties. Europe is another major regional market for French fries machines driven by high penetration of quick-service restaurants. Rapid urbanization and rising disposable incomes in Asia Pacific are fueling the demand for international fast food chains in the region. This is positively impacting the sales of French fries processing equipment.

Key players operating in the French fries processing machine market are Bausch Health Companies, Inc., Recordati Rare Diseases Inc., Lucane Pharma SA, Acer Therapeutics, Ultragenyx Pharmaceutical Inc., Aeglea BioTherapeutics, Arcturus Therapeutics Holdings Inc., Orpharma Pty Ltd., Selecta Biosciences, Inc., Abbott Laboratories, NESTLÉ S.A., DANONE S.A., and Mead Johnson & Company, LLC.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it