According to the report published by Zion Market Research, global demand for Potato Processing market was valued at approximately USD 25.7 Billion in 2019, and is expected to generate revenue of around USD 38 Billion by end of 2026, growing at a CAGR of around 5.5% between 2020 and 2026.
Global Potato Processing Market: Overview
A potato popular and most common vegetable used in diets of various countries across the globe. Potatoes are widely used in most of the packaged food preparations, owing to its ingredients including protein, flour, and starch. Most of the top selling processed potato products such are dehydrated, frozen meals, processed meals and snacks, and others are expected to fuel this industry growth in the future. According to the Food and Agriculture Organisation, China, Russia, India and the United States are the main manufacturer and consumer of grain and vegetable products.
Global Potato Processing Market: Growth Factors
Speedy expansion in the trade of frozen potato items, coupled with increasing adoption and demand for processed potato products are among the major factors expected to fuel growth of the global industry in the near future. Addition to this, increasing popularity of potato chips across the world is anticipated to support growth of the industry in next few years. Furthermore, Quick Service Restaurants (QSRS) are increasing in developed as well as emerging economies, which is creating huge demand for the processed potato food in turn fuelling growth of the target industry. However, issues related to health owing to consumption of the processed potatoes is major factor anticipated to hinder growth of the global industry over the forecast period. Nevertheless, technological advancements and improving techniques of farming may create huge growth opportunities in future.
Global Potato Processing Market: Segmentation
The potato processing market is segmented based on, type, application, and distribution channel. Based on type the market is divided as frozen, chips & snack pellets, dehydrated, and others. The frozen segment is expected to dominate during the forecast period, the growth is attributed to high consumption of frozen products owing to the increase in demand for French fries, widely served in restaurants across the globe. On the basis of application this industry is segregated as snacks, ready-to-cook & prepared meals. However, on the basis of distribution channel industry target market is divided into foodservice and retail. Foodservice segment is predictable to account for a major share in terms of both revenue in the coming future.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Potato Processing Market: Regional Analysis
The Europe potato processing market is projected to hold the significant share globally in the future, owing to the presence of major players, and increasing demand from various end use industries in the countries of Europe. Further, presence of major players and growing food processing industry is expected to fuel growth of the market in the Asia Pacific. The North America potato processing market is anticipated to grow at a rapid rate in the years ahead, increasing demand form hotels serving frozen potato items and rising expansion of quick-service restaurants in the countries of the region.
Global Potato Processing Market: Competitive Players
Some main participants of the potato processing market are Limagrain Céréales Ingrédients, Lamb Weston Holdings, Inc., The Little Potato Company Ltd., Idahoan Foods LLC, Agrana Beteiligungs-AG, Burts Potato Chips Ltd., Farm Frites International B.V., Intersnack Group GmbH & Co. Kg, J.R. Short Milling Company, The Kraft Heinz Company, Aviko B.V., Leng-D’or, Mccain Foods Limited, Agristo NV, and J.R. Simplot Company among others.
Potato Processing Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
Growing adoption from end use sector, surging demand for processed potato products, rapidly expanding retail landscape, increasing adoption from Quick Service Restaurants (QSRS) across the globe are some among factors expected to support growth of the target market in the near future.
According to Zion Market Research, global demand for Potato Processing market is expected to generate revenue of around USD 38 Billion by end of 2026, growing at a CAGR of around 5.5% between 2020 and 2026.
The Europe potato processing market is projected to hold the significant share globally in the future. Presence of key operating players and increasing adoption for end use applications in the region are expected to propel the demand.
Some main participants of the potato processing market are Limagrain Céréales Ingrédients, Lamb Weston Holdings, Inc., The Little Potato Company Ltd., Idahoan Foods LLC, Agrana Beteiligungs-AG, Burts Potato Chips Ltd., Farm Frites International B.V., Intersnack Group GmbH & Co. Kg, J.R. Short Milling Company, The Kraft Heinz Company, Aviko B.V., Leng-D’or, Mccain Foods Limited, Agristo NV, and J.R. Simplot Company among others.
