The production of frozen potatoes in Russia between 2014 and 2018 increased from 4.7 thousand tons to 42.4 thousand tons, as reported by RBC, citing the “Analysis of the frozen potato market in Russia” prepared by BusinesStat.
Analysts noted that up until 2018, frozen potatoes intended for fast food chains were mostly imported.
According to this study, in 2014-17, the annual production output ranged from 4.6 thousand tons to 6.1 thousand tons, and the main growth in the production over the five-year period came in 2018 (9.2 times the level of 2017), mainly due to the start of the production of Lam Weston Belaya Dacha in 2018.
The shareholders of the processing plant were Lamb Weston Belaya Dacha LLC and the Lamb Weston Meijer international agricultural holding, which last year supplied 39.5 thousand tons of frozen potatoes to the Russian market.
According to BusinesStat analysts, the growth in the production of frozen potatoes will continue in the next five years. The highest growth is expected in 2019-20. In 2023, the production of frozen potatoes in Russia will reach 106.5 thousand tons.