Potato Flakes Market Is Set To Rise At 5.9% CAGR And Account For US$ 12.8 Billion By 2033

In 2023, the global demand for potato flakes contributes to a market worth US$ 7.2 billion, with projections indicating a surge to US$ 12.8 billion by 2033. Over the ensuing decade, the potato flakes market is anticipated to expand at a compound annual growth rate (CAGR) of 5.9%.

Potato flakes boast a rich nutritional profile, containing essential minerals like potassium and calcium, vitamin C, and carbohydrates. This nutrient density renders potato flakes highly desirable for both convenience food manufacturing and various food service applications. Among potato derivatives, such as potato starch, potato flour, mashed potato flakes, and dried potato flakes, the latter are expected to experience particularly robust demand in the coming years.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=1510

Several factors contribute to the anticipated growth in potato flake consumption over the forecast period. These include rising disposable incomes, evolving consumer preferences, the increasing popularity of plant-based diets, heightened investments in research and development, the integration of advanced technologies in food processing, and a growing embrace of organic farming practices. These dynamics collectively propel the consumption of potato flakes across diverse markets.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Rising Demand for Convenience Foods: As lifestyles become more hectic, there's a growing preference for convenient food options. Potato flakes offer a convenient solution for preparing mashed potatoes and other dishes quickly, driving their demand in households and food service establishments.

Nutritional Benefits: Potato flakes contain essential nutrients such as potassium, calcium, and vitamin C. As consumers become increasingly health-conscious, they are seeking out food products that offer both convenience and nutritional value, boosting the popularity of potato flakes.

Diverse Applications: Potato flakes have versatile applications in food manufacturing, including in the production of snacks, soups, ready-to-eat meals, and baked goods. This versatility expands the market potential for potato flakes across various segments of the food industry.

Increasing Preference for Plant-Based Diets: With the growing awareness of environmental and health benefits, there's a rising preference for plant-based diets. Potato flakes, being a plant-derived product, align well with this trend, leading to increased consumption among individuals following vegetarian or vegan diets.

Technological Advancements in Processing: Advances in food processing technologies have led to improvements in the production of potato flakes, resulting in higher quality products with better texture and flavor. These technological innovations drive consumer satisfaction and contribute to the overall growth of the market.

Expansion of Distribution Channels: The expansion of distribution channels, including online retail platforms, supermarkets, and convenience stores, makes potato flakes more accessible to consumers worldwide. This broader reach enhances market penetration and drives sales growth.

Innovation and Product Development: Manufacturers are continuously innovating to introduce new potato flake products with enhanced flavors, textures, and nutritional profiles. These innovations cater to evolving consumer preferences and stimulate market growth through product differentiation.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Nestlé S.A.
• Bem Brasil Alimentos LTDA
• Oregon Potato Co.
• Bob's Red Mill Natural Foods Inc.
• Lamb Weston Holdings Inc.
• Idahoan Foods LLC
• Basic American Foods Inc.
• Agrarfrost GmbH & Co. KG
• Rixona B.V.
• Patwary Potato Flakes Ltd.
• McCain Foods Limited
• Clarebout Potatoes NV
• Lutosa SA
• Nahr-Engel GmbH
• Goodrich Cereals
• Iscon Balaji Foods Pvt. Limited

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Potato flake suppliers are focusing on collaborations and partnerships to fast-track the research and development of novel products.

• In 2021, Pune-based Agrico and S.V. Agri formed a joint venture to develop new high-yield varieties that are specifically suitable for India. The new venture was expected to produce high-grade seed materials under intended conditions.
Potato flake manufacturers are also eyeing acquisitions and mergers to expand their business scope while also investing in the expansion of their production capacities in various plants.
• McCain Foods, a Canadian frozen food organization, in 2019, acquired a 70% majority stake in Sérya, a Brazillian company that operates in the pre-formed potato products marketplace. Through this acquisition, McCain has expanded its reach and strengthened its position in Brazil, which is a highly attractive emerging market.
• Rixona B.V., a leading name in the potato flakes industry began construction of a new production facility in the Gansu province of China. The new facility was intended to produce 15,000 tonnes of premium potato flakes per year.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐏𝐨𝐭𝐚𝐭𝐨 𝐅𝐥𝐚𝐤𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Sales Channel :
o Hypermarkets/Supermarkets
o Convenience Stores
o Traditional Grocery Stores
o Online Retailers

• By Nature :
o Organic Potato Flakes
o Conventional Potato Flakes

• By End Use :
o Household Use
o Business to Business (B2B)
 Food Service Industry
 Food Industry
 Soups & Premixes
 Bakery
 Snacks
 Frozen Foods
 Baby Food
 Meat Processing
o Animal Feed

• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/1510/potato-flakes-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Frozen Potato Market: https://www.factmr.com/report/307/frozen-potato-market

Agar Agar flakes market: https://www.factmr.com/report/4116/agar-agar-flakes-market

Sweet Potato Flour Market: https://www.factmr.com/report/sweet-potato-flour-market

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