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Potato Snacks Market expected to generate a revenue of US$ 124.2 Bn by 2028 end, Globally at 4.4% CAGR
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The global potato snacks market grew at a 2.9% annual rate from 2016 to 2020. The growing snacking habits of customers and the availability of diverse potato-based snack flavors are the main market drivers for potato snacks. These potato snacks are also available in the form of munchies, nibbles, and other time-saving convenience foods, making them a great substitute for other types of snacks for consumers.
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What are the Factors Restraining Potato Snacks Demand?
Although the popularity of potato snacks is growing at a very fast pace, negative influence of junk food is posing a threat to the potato snacks marketplace. Junk foods are presumed to be bad for health and lead to various health problems.
Potato processing products are high in fat and calories, which tends to increase the level of cholesterol in the body. One ounce of plain potato chips contains 10 grams of fats and 154 calories.
Besides, fried potato snacks are responsible for weight gain. Increasing weight and heart ailments are among the common health problems across the world, and consumption of crispy potato chips is linked with these problems. Therefore, health concerns over consumption of junk food are negatively affecting the potato processing market.
Competitive Landscape
Key potato snack producers are inclined toward innovation, research & development, and expansion to obtain potato snacks with fine-quality. Manufacturers are striving and investing heavily to enhance their operations and innovation capabilities.
In January 2019, Kraft Heinz completed the acquisition of primal kitchen, one of the top companies manufacturing healthy snacks and different food products. The acquisition will help the company in strengthening its position in the U.S. food & beverages market.
In Dec 2018, Emsland Group announced its strategic partnership with Poland-based IMPAG Group. This partnership enables the reorganization of the sales structure of Emsland Group in Poland.
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Potato Snacks Market Industry Research by Category
Potato Snacks Market Type : Chips & Shoestrings, Dehydrated, Frozen, Canned Potatoes Others
Potato Snacks Market Application: Ready-to-Cook Products, Prepared Meals, Snacks
Potato Snacks Market Distribution Channel : Potato Snacks for Retail, Potato Snacks for Foodservice
Companies
McCain Foods Limited
Lamb Weston Holdings, Inc.
The Kraft Heinz Company
Aviko B.V.
AGRANA Beteiligungs-AG
Farm Frites International B.V.
Emsland Group
LENG-D'OR
Idahoan Foods, LLC
R. Simplot Company
PepsiCo
Limagrain Ingredients
Intersnack Group GmbH & Co. Kg
The Little Potato Company Ltd.
R. Short Milling Company
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About Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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