Factors driving growth of the french fries processing machine market
Growing trend of consumption of fast food amongst urban population and adoption of western style cuisine are the major factors that are expected to drive growth of the french fries processing machine market over the forecast period. Growing urbanization in the regions such as India and China is supporting growth of the french fries market. Moreover, changing lifestyle, increasing disposable income, and rising international and domestic tourism are expected to fuel demand of french fries processing machine, which is further expected to fuel growth of the market.
French fries are consumed widely due to increasing consumption of western style cuisine in emerging economies, owing to the rapid expansion of QSR (Quick Service Restaurant) such as MC Donald, Subway, and Burger King. Changing food habits is an important factor for the growth of french fries processing machine market. Moreover, hectic lifestyles and purchasing power of the working populations are some the major factors that are expected to drive growth of the French fries processing machine market.
Regional analysis of French fries processing machine market
On the basis of the region, french fries processing machine market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among regions, North America is expected to account for the largest market share over the forecast period, owing to growing trend of consumption of fast food. For instance, according to the American Customer Satisfaction Index (ACSI), in 2017, McDonald Corporation generated a total revenue of US$ 21.03 billion and total value of the assets accounted for around US$ 32.81 billion.
Apart from North America, Asia Pacific region is expected to be second largest market in the french fries processing machine market, owing to the expansion of (Quick Service Restaurant) QSR in the region. For instance, according to Coherent Market Insights, India’s fast food sector is growing significantly at 34.3% annually due to rapid growth in the fast food chain. Moreover, popular food chains also introduced automation to improve their operational efficiency. Thus, in turn, boost the demand for french fries processing machine market during the forecast period.
French Fries Processing Machine Market Report Snapshots
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