iCrowdNewswire Jan 29, 2021 5:00 AM ET
The global Potato Processing market was valued at USD 24.83 Billion in 2018 and is expected to reach USD 37.41 Billion by year 2026, at a CAGR of 5.2%. The global potato-based consumption is going up due to heavy demand from end consumers across the globe due to the ease of meal preparations with processed potatoes. This in turn is also pushing forwards the demand for processed potato products, which are being heavily demanded with a change in the consumers’ consumption patterns, growing consumer base in the developing nations and a deeper market penetration. The growth of the global food retail sector is also uplifting the growth of the potato processing market.
Potato is considered to be the most favourite food in the diets of various countries. The ingredients extracted from potatoes such as starch, protein, and flour are used in various processed food preparations. Processed potato products such as frozen, dehydrated, and other prepared foods and snacks are among the top-selling products globally. Easy availability and low prices drive the demand for this root vegetable. China, Russia, India, and the U.S. are the largest producer and consumers of potato and potato-based products, according to the Food and Agriculture Organization.
Some of the dominant and influential players in the Potato Processing market are:
Lamb Weston Holdings, The Kraft Heinz Company, McCain Foods Limited, Intersnack Group GmbH and Co. Kg, Farm Frites, Agristo NV, Idahoan Foods, The Little Potato Company Ltd., Agrana Beteiligungs-AG, Groupe Limagrain
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The report evaluates the CAGR value as well as the market value based on the key market dynamics and growth-inducing factors. This study is based on the latest industry news, growth potentials, and trends. The study is meticulously drawn and is exclusively centered around the market scenarios, competitive landscapes, and the influential participants of the markets.
For the purpose of this report, Reports and Data has segmented the Potato Processing market on the basis of type, distribution channel, application, and region:
Type (Revenue, USD Million; 2016–2026)
- Chips & Snack Pellets
Distribution Channel (Revenue, USD Million; 2016–2026)
- Food Service
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Application (Revenue, USD Million; 2016–2026)
- Ready-To-Cook and Prepared Meals
The report covers and elucidates how the market fares in the different regions of the world; the regions included in this study are:
- North America
- Latin America
- Middle East and Africa
The size of the Potato Processing market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Well Testing Services report.
Salient Trends of the Market:
By type, the frozen category holds the largest market share as a consequence of a massive demands and a growing trade and accessibility of related products. The incremental growth opportunities in the commercial retail sector are also contributing to the larger market share. In addition, frozen potato products are increasingly being used in quick service restaurants (QSR) and fast food restaurants across the world.
By distribution channel, the food service segment occupies the largest share. The improvement of food delivery channels, emergence of prominent brands in the sector and a massive demand from urban consumer base are a few of the contributing factors.
By application, ready-to-cook meals and prepared food hold the largest share because of factors like changing consumer lifestyles, increasing demand for convenience foods and an increase in disposable incomes.
By region, Europe is the largest market for potato processing due to an increasing consumer demand and early establishment of the potato processing plants in the region. The region has witnessed the development of many advanced food technologies. Moreover, the overall focus on food quality is pushing demand forward towards high quality processed potato foods.
Highlights of the TOC:
1.1 Research Scope
1.2 Key Potato Processing market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Potato Processing market size
2.2 Latest Potato Processing market trends
2.3 Key growth trends
3.1 Global Potato Processing market key players
3.2 Global Potato Processing size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Potato Processing market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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Keywords: Potato Processing Market, Potato Processing Market Size, Potato Processing Market Share, Potato Processing Market Growth, Potato Processing Market Demand, Reports And Data