The Dehydrated Potato Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dehydrated Potato Global Market Report 2024, The dehydrated potato market size has grown strongly in recent years. It will grow from $5.82 billion in 2023 to $6.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to military and emergency rations, food preservation innovation, industrial food processing advancements, culinary and food industry innovation, cost-effectiveness and long-term storage.
The dehydrated potato market size is expected to see strong growth in the next few years. It will grow to $7.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to health-conscious consumer preferences, demand for emergency and disaster relief, integration into convenience snacks, globalization of food markets, diversification in culinary applications. Major trends in the forecast period include health-focused potato snacks, integration into health foods, focus on texture and quality, sustainable packaging initiatives, premium and gourmet varieties.
Increasing demand for ready-to-eat products is expected to propel the growth of the dehydrated potato market going forward. Ready-to-eat (RTE) are food items cleaned, cooked, and packaged before being made readily available for consumption without additional preparation or cooking. Dehydrated potatoes are simple to rehydrate and prepare, providing a pleasant and hassle-free cooking experience. For instance, in November 2022, according to a report published by BUPA, British United Provident Association Limited, a UK-based health insurance and healthcare company, two in every five adults in the UK eat ready-made meals every week, and 40% of Brits eat ready-made meals every week. Further, in March 2022, according to a report published by Krungsri, a Thailand-based domestically important bank, Domestic demand for ready-to-eat meals increased by 6.4% in 2021 to THB 20 billion ($5.67 b), with growth in both packet and pouch noodles of 6.8% and cup and bowl noodles of 5.1%. Further, exports of ready-to-eat meals increased by 7.3% to $259.2 million in 2021. Therefore, the increasing demand for ready-to-eat products is driving the growth of the dehydrated potato market.
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The dehydrated potato market covered in this report is segmented –
1) Dehydrated Potato Market By Form: Flakes, Powder, Dices, Shreds, Other Forms
2) Dehydrated Potato Market By Nature: Organic, Conventional
3) Dehydrated Potato Market By Flavor: Sweet Potato, Regular
4) Dehydrated Potato Market By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online, Other Distribution Channels
Top Major Players
Cargill Incorporated
Nestle SA
Pepsico Inc.
Kraft Heinz Company
Intersnack Group GmbH & Co. KG
Product innovations are a key trend gaining popularity in the dehydrated potato market. Major companies operating in the market are introducing innovative products to sustain their position in the market. For instance, in August 2022, the Texas A&M Potato Breeding Program, a multi-state effort sponsored by the USDA’s National Institute of Food and Agriculture, launched two new potato varieties that could enter the French fry market. The breeding center has determined that the COTX08063-2Ru variety potato clone has a high starch and high gravity species. In Texas, there is a growing demand for French fries, which has resulted in greater cultivation of high-starch potatoes, which create good French fries.
The dehydrated potato market report table of contents includes:
1. Executive Summary
2. Dehydrated Potato Market Characteristics
3. Dehydrated Potato Market Trends And Strategies
4. Dehydrated Potato Market – Macro Economic Scenario
5. Global Dehydrated Potato Market Size and Growth
…..
32. Global Dehydrated Potato Market Competitive Benchmarking
33. Global Dehydrated Potato Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dehydrated Potato Market
35. Dehydrated Potato Market Future Outlook and Potential Analysis
36. Appendix
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