Latin America Frozen Finger Chips Market 2022-2027 | Industry Size, Trends, Share and Forecast
According to the latest report by IMARC Group, titled, “Latin America Frozen Finger Chips Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027“, The Latin America frozen finger chips market is expected to exhibit a CAGR of 4.46% during 2022-2027.
Frozen finger chips are thin fried or baked strips of potatoes that can aid in improving the immune system and reducing oxidative stress. They are made using potatoes that undergo cleaning, peeling, cutting, blanching, de-watering, par-frying, and freezing. They also include dextrose, sodium acid pyrophosphate, hydrogenated soybean oil, dimethylpolysiloxane, and citric acid. They are rich in protein, carbohydrates, potassium, fiber, sodium, vitamins B6, C, and K, and other essential nutrients. Frozen finger chips provide antioxidants and require less amount of oil for preparation as compared to their fresh counterparts. They are convenient, ready-to-cook, served hot and can be consumed along with fast food or home-cooked meals. At present, they are commonly available in various sizes, shapes, and flavors like chili garlic, barbecue, peri peri, and cheese and herbs across the Latin America region.
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Latin America Frozen Finger Chips Market Trends and Drivers:
At present, the increasing consumption of fast-food and convenient food products on account of rapid urbanization, rising working population, hectic lifestyles, and expanding purchasing power of individuals represent one of the major factors positively influencing the demand for frozen finger chips in Latin America. It can also be attributed to the growing adoption of western food culture. In addition, the rising number of commercial spaces, such as cafes, restaurants, quick-service restaurants (QSRs), and other fast-food chains serving as snacks or side orders, is contributing to the market growth in the region. Moreover, the growing utilization of frozen finger chips in the food service industry is driving the market. Besides this, product manufacturers operating in Latin America are introducing frozen finger chips with high protein levels and no additives, preservatives, and gluten to increase their overall sales, expand their existing market share, and meet the nutritional requirements of individuals. The rising sales of frozen Finger chips in the region can also be attributed to the rising health consciousness among the masses and a rapid shift in consumer preferences toward snacking options that can be prepared easily on account of the growing prevalence of various medical diseases. Apart from this, the expansion of organized distribution channels, such as hypermarkets, supermarkets, convenience stores and grocery stores, is providing easy availability of products and offering lucrative growth opportunities to manufacturers in the region. Furthermore, a considerable reliance on online shopping channels, which offer a wide range of products with doorstep delivery and secured payment methods, is anticipated to create a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Latin America Frozen Finger Chips Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on end use.
Breakup by End Use:
- Food Service
- Retail
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
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