Dehydrated Potato Products Market
Growth Factors of Dehydrated Potato Products Market
The dehydrated potato products market size was valued at USD 7.22 billion in 2023, and the market is now projected to grow from USD 7.72 billion in 2024 to USD 13.49 billion by 2032, exhibiting a CAGR of 61.36% during the forecast period of 2024-2032.
The pandemic had moderate effect on the global marketplace. The supply chain, availability of diverse processed meals products, and commercial enterprise activities were suspended because of restrictions on food production centers, economic regulations, and travel bans. Furthermore, the lockdown multiplied the demand for processed and frozen meals which includes frozen fries, instantaneous mashed potatoes, and others, attributable to their longer shelf life.
The upward thrust in demand for ready-to-eat (RTE) meals merchandise has caused the upward push of convenience foods, which store effort and time in meals coaching and cooking. Factors which include rising GHGI, urbanization, changing patron tastes, stepped forward existence, long running hours, and the COVID-19 outbreak have fueled this demand. Producers of potato merchandise are expanding their business operations to meet this demand. In May 2022, Iscon Balaji Foods plans to double contract farming sports in Gujarat to growth manufacturing of dehydrated flakes and other potato products.
The dehydrated potato products market growth is developing, with the Good Food Institute declaring that during 2022, US retail plant-based totally food sales amounted to USD 8 billion. Potatoes provide a flexible solution for vegans, serving as scrumptious facets and creative entrees across diverse cuisines. Rising patron recognition about potatoes' wholesome fiber and starch content material is likewise riding demand for the product.
Comprehensive Analysis of Dehydrated Potato Products Market
The global dehydrated potato market is dominated by the powder segment, which is widely used in food preparations like bakery products and ready-to-eat meals. Potato powder is expected to grow in popularity as a mass-consumption product and an alternative to gluten-free flour. Potato flakes are expected to grow at a CAGR due to their use in texturized potato products and as an alternative to wheat flour and cornstarch. Conventional potatoes are expected to hold a significant share of the market due to their affordability and widespread use in commercial food service operations. The food services segment, including hotels, restaurants, fast food outlets, and cafeterias, is expected to hold the largest market share due to the seasonal availability of the product.
The Asia Pacific region lead the dehydrated potato products market share by benefitting a market size of USD 4.43 billion in 2023 due to potatoes are grown in these regions as staple food and income sources, particularly for farmers in mountainous areas. Dehydrated potato flakes are used in retail mashed potato products as snack ingredients, while potato flour is used in meat mixtures and gravies. The developing use of potato starch in sauces, stews, dough, biscuits, and cake mixes fuels demand. Manufacturers are increasing their agencies to solidify their positions in the market.
The food processing industries' boom drives demand for potato merchandise. Manufacturers put money into generation to extend their client base and branding. Keystone Potato Products, LLC released a new internet site in July 2022, concentrated on food manufacturers, commercial/institutional meals service companies, and eating places for sparkling-cut potato merchandise. Key businesses included McCain Foods, Basic American Foods, Lamb Weston, Idahoan Foods, Pacific Valley Foods, Augason Farms, Idaho Supreme Potatoes, Birkamidon Rohstoffhandels GmbH, J.R. Short Milling, and Rixona B.V.
January 2023: Emsland Group plans to enlarge potato flake manufacturing in Emlichheim to increase the producing capacity of dehydrated potatoes.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.23% during 2024-2032
Segmentation By Form, Nature, Distribution Channel, and Region
Unit Value (USD Billion)
Segmentation
By Form
- Flakes
- Powder
- Dices
- Shreds
- Others
By Nature
- Organic
- Conventional
By Distribution Channel
- Food Services
- Retail Channel
Geography
- North America (By Form, Nature, Distribution Channel, and Country)
- Europe (By Form, Nature, Distribution Channel, and Country)
- Germany
- France
- Italy
- Spain
- U.K.
- Russia
- Rest of Europe
- Asia Pacific (By Form, Nature, Distribution Channel, and Country)
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- South America (By Form, Nature, Distribution Channel, and Country)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (By Form, Nature, Distribution Channel, and Country)
- UAE
- South Africa
- Rest of Middle East & Africa
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