Global Potato Processing Market, Size, Trends, By Type (Frozen, Chips & Snack Pellets, Dehydrated, Others), By Distribution Channel (Foodservice, Retail), By Application (Snacks, Ready-to-Cook & Prepared Meals and Others) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Potato Processing Market
With a CAGR of 4.75 % from 2023 to 2030, the Global Potato Processing Market is expected to grow from its estimated value of US$ 25.21 Bn in 2022 to US$ 39.05 Bn by 2030.
French fries, chips, flakes, and starch are frequently made by cleaning, peeling, washing, slicing, and blanching fresh potatoes. Since processed potato goods are already partially prepared before they are served to the final customer, households, fast food chains, and restaurants can swiftly prepare items like French fries, soups, salads, and potato snacks.
Market Drivers
Over the course of the predicted period, demand for processed potato products is likely to expand due to the rising popularity of vegetarian and vegan food options in developed countries due to growing health consciousness and concern for animal cruelty. In order to increase sales, ready-to-cook potato products including fries, soups, and snacks are also being marketed as "vegan" or "organic." Due to the rising media attention given to these lifestyle choices and their various health benefits, there will probably be an increase in the number of vegetarians and vegans throughout the projected period.
The restaurant, hotel chain, and retail industries will all see an increase in demand for processed potato products like frozen potatoes in the following years. It is also expected that the development of the global potato processing sector will be fueled by the adoption of technologically advanced potato growing techniques by important potato-producing nations.
In today's sports and wellness atmosphere, where people are constantly concerned about their health, it is becoming more and more usual to take dietary supplements, like potato processing, to increase performance and strengthen activity modifications. The most common way to prepare potatoes is to make a paste that can be taken as a tablet or mixed with water.
Market Restraints
However, the significant expenses associated with potato storage and transportation that businesses must bear will restrain market expansion. Furthermore, in the upcoming years, market expansion would be hampered by rising health issues including obesity and diabetes brought on by the consumption of processed potatoes.
Market Segmentation
The scope of the Global Potato Processing Market covers segmentation based on By Type, By Distribution Channel, By Application and By Region.
By Type, the market is segmented into Frozen, Chips & Snack Pellets, Dehydrated, Others. By Distribution Channel, the market is segmented into Foodservice, Retail. By Application, the market is segmented into Snacks, Ready-to-Cook & Prepared Meals and Others.
Regional Analysis
The Global Potato Processing Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The market for processing potatoes in Asia-Pacific accounted for the biggest revenue share. The extensive potato farming in the area, which offers processing businesses a cheap and plentiful supply of high-quality raw potatoes, is chiefly responsible for the segment's growth. For instance, the United States Department of Agriculture (USDA) calculates that China produces about 99 million metric tonnes of fresh potatoes. Due to expanded land, this represented a 3% gain over the prior year. Due to factors such an increase in the number of large-scale potato processing facilities and an increase in the per capita consumption of potato products in the region, the South American segment is anticipated to develop significantly during the forecast period.
Key Players
Marel, GEA Group, Bühler, JBT, The Middleby Corporation, Heat and Control, Inc., Alfa Laval, TNA Australia Pty Ltd., Bucher Industries, Equipamientos Cárnicos, S.L.
Market Taxonomy
By Type
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