Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Potato Processing Market Size is Estimated to Grow from USD 36.85 Billion in 2023 to USD 65.17 Billion by 2033, Growing at a CAGR of 5.87% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Potato Processing Market Size, Share, and COVID-19 Impact Analysis, By Product (Potato Chips, Frozen Potato, Dehydrated Potato, and Others), By Application (Ready-To-Cook & Prepared Meals, Snacks, and Others), By Distribution Channel (Foodservice, Retail, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The industry that transforms raw potatoes into processed goods like chips, fries, and mashed potatoes is known as the global potato processing market. The growing need for quick and easy-to-prepare nutritious foods is a major factor propelling the potato processing market. Customers are drawn to ready-to-eat and simple-to-cook solutions as urbanization and hectic lifestyles become more common. In addition, the demand for low-calorie and organic processed potato products is rising as a result of a growing trend towards healthy eating habits. Manufacturers have been forced to adapt their product offerings in response to this shift in consumer preferences, introducing a wider range of flavors and healthier ingredients to appeal to a wider market. The development of the potato industry has also been greatly aided by technological advancements. These developments make processed potato products more widely available to consumers by enabling producers to increase output while lowering production costs. However, the market for potato processing faces challenges such as seasonality and limited shelf life which may impede the market growth.
The frozen potato segment held the largest share of 40.28% in 2023 and is estimated to grow at a CAGR of 4.78% throughout the projection period.
Based on the product, the global potato processing market is categorized into potato chips, frozen potato, dehydrated potato, and others. Among these, the frozen potato segment held the largest share of 40.28% in 2023 and is estimated to grow at a CAGR of 4.78% throughout the projection period. The growth of the food service sector, especially quick-service restaurants (QSRs), is one of the main factors. Convenient food options that require no preparation are becoming more and more popular as consumer lifestyles get faster.
The ready-to-cook & prepared meals segment dominated the global potato processing market share in 2023 and is estimated to grow at a CAGR of 5.19% throughout the projection period.
Based on the application, the global potato processing market is classified into ready-to-cook & prepared meals, snacks, and others. Among these, the ready-to-cook & prepared meals segment dominated the global potato processing market share in 2023 and is estimated to grow at a CAGR of 5.19% throughout the projection period. Consumer desires for quick and easy meals have grown as a result of urbanization and shifting lifestyles. Families and working professionals seeking quick dinner options are most affected by this trend.
The foodservice segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global potato processing market is divided into foodservice, retail, and others. Among these, the foodservice segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The increase is ascribed to customers' growing need for quick and simple meal solutions due to their hectic lifestyles. This tendency is especially noticeable in fast-food chains and quick-service restaurants (QSRs), which mostly rely on processed potato items like frozen fries and potato snacks to satisfy consumer desires for ready-to-eat options.
Asia Pacific is expected to hold the largest share of the global potato processing market through the forecast period.
Asia Pacific is expected to hold the largest share of the global potato processing market through the forecast period. Urbanization and the growing demand for convenience foods are the main factors propelling the processed potato market's expansion in Asia. Ready-to-eat and simple-to-prepare food options are becoming more and more popular among customers as urban populations grow and lives get faster. The consumption of processed potato goods, such as frozen fries, chips, and other snack foods, has significantly increased in nations such as China and India, where a growing middle class is embracing Western eating practices.
North America is predicted to grow at the fastest CAGR of the global potato processing market over the forecast period. The development of this business in the area is also greatly aided by technological developments in potato processing. Processing technique advancements have decreased costs and increased product quality and efficiency, enabling producers to better satisfy growing consumer needs. Health-conscious consumers searching for better snack options are catered to by the availability of a wide variety of processed potato products, including healthier options like baked and air-fried types.
Company Profiling
Major key players in the global potato processing market include Lamb Weston Holdings, Inc., McCain Foods Limited, J.R. Short Milling Company, Idahoan Foods, LLC, The Kraft Heinz Company, J.R. Simplot Company, Agristo NV, Farm Frites International B.V., Aviko B.V., AGRANA Beteiligungs-AG, Burts Potato Chips Ltd., HyFun Foods, Intersnack Group GmbH & Co. KG, The Little Potato Company Ltd., Cavendish Farms, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global potato processing market based on the below-mentioned segments:
Global Potato Processing Market, By Product
Global Potato Processing Market, By Application
Global Potato Processing Market, By Distribution Channel
Global Potato Processing Market, By Regional Analysis
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