Processed Potato Market is valued at $76.8 billion during 2020 and is forecast to register a growth rate at a CAGR of 4.05% between 2020 and 2026. Due to rising demand for snack foods, ready meals, and shifting consumer preferences toward convenience foods, the processed potato business has experienced significant global growth. With about 2.5% of the whole $3000 billion processed foods business, potato processing is a sizable subsegment of the processed foods industry. The world’s consumption of potatoes as food is quickly shifting to processed foods with added value, particularly frozen dinners.
The research study provides the size, share, and growth rates (CAGR) of the global, regional, and national processed potato markets, as well as an annual forecast until 2032. The report offers a clear picture of market penetration by different types, applications, and sales channels, as well as a look at potential future developments, as assessed by current industry specialists. Additionally, as part of customization, the market share of processed potatoes by significant factors such production processes/technology and raw materials can be included.
Around the world, restaurants and fast food franchises keep expanding their menus. The three most common uses for processed potatoes are still potato flakes, chips, and French fries. Foodservice and retail make up the two channels that make up this. The importance of potato processing in the foodservice industry is increasing as meal delivery routes are extended and nutrient demand rises. Along with full-service and quick-service restaurant demand, a rise in the number of domestic and foreign hotel brand names is anticipated to drive potato product demand in the foodservice sector throughout the anticipated time frame.
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The frozen, chips & snack pellets, dehydrated, and other categories make up the potato processing market. The global market for potato processing was dominated by the frozen category, and this situation is anticipated to hold during the projected period. Due to the rising popularity of and easy accessibility of potato chips among young people, the second-largest segment was chips and snack pellets. Due to changing consumer nutritional preferences, hectic work schedules, and on-the-go consumption patterns, processed potato products used in ready-to-cook and prepared meals may be a lucrative industry. In addition to ready-to-cook foods and prepared meals, products like potato-based snacks with low carbohydrate and salt content, as well as air-dried, baked goods with a variety of flavors, find use in the snacking market, which increases demand for potato processing.
Global Processed Potato Market: Major Players
Agristo
Farm Frites
Ballreich’s
J.R. Short Milling
Cape Cod
PepsiCo
McCain
Pringles
Intersnack
Utz Quality Foods
Lamb Weston
AGRANA
Better Made
Mikesell’s
Shearer’s
J.R. Simplot
Golden Flake
Kraft Heinz
Kettle Brand
Global Processed Potato Market: Types
Frozen
Chips & Snacks Pellets
Dehydrated
Global Processed Potato Market: Applications
Snacks
Ready-to-Cook
Prepared Meals
Global Processed Potato Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Processed Potato market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
- Analyzing the outlook of the market with the recent trends and SWOT analysis.
- Market dynamics scenario, along with growth opportunities of the market in the years to come.
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past years.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
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𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:
- To provide with an exhaustive analysis on the Market by Product, By Application, By End User and by Region.
- To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
