Press release
Potato Granules Market Size 2024 to 2031.
Market Overview and Report CoveragePotato granules are dehydrated potato flakes produced through the process of removing the moisture content from potatoes. They are widely used as a convenient ingredient in various food products such as mashed potatoes, soups, and snacks. The global Potato Granules Market is expected to grow at a CAGR of 10.20% during the forecasted period.
The current outlook for the Potato Granules Market looks promising, driven by increasing demand for convenience food products and the rising popularity of instant mashed potatoes. The market is also benefiting from the growing adoption of potato granules in the food processing industry, particularly in regions with a high consumption of processed food products.
In the future, the Potato Granules Market is anticipated to witness further growth due to the expanding food and beverage industry, advancements in food processing technologies, and the rising trend of incorporating convenience ingredients in food products. Additionally, the increasing consumer preference for ready-to-eat and easy-to-prepare meals is expected to boost the demand for potato granules in the coming years. Overall, the Potato Granules Market is poised for significant growth and development in the foreseeable future.
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Market Segmentation
The Potato Granules Market Analysis by types is segmented into:
• Organic Potato Granules
• Non-organic Potato Granules
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Potato granules are available in two main market types: organic and non-organic. Organic potato granules are produced without synthetic chemicals or pesticides, following strict organic standards. They appeal to consumers looking for natural and environmentally friendly products. On the other hand, non-organic potato granules are produced using conventional farming methods with the use of synthetic chemicals. These products are typically more affordable and widely available. Both types of potato granules offer convenience and versatility in cooking and baking applications.
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The Potato Granules Market Industry Research by Application is segmented into:
• Ingredient in Food
• Direct Food
• Other
Potato granules are commonly used as an ingredient in various food products such as soups, sauces, and bakery items due to their ability to thicken and enhance texture. They are also used in direct food applications such as instant mashed potatoes. Additionally, potato granules have applications in other markets like pharmaceuticals and animal feed, where they are used for their binding and texturizing properties. Overall, the versatility and functionality of potato granules make them a popular choice in a wide range of industries.
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In terms of Region, the Potato Granules Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Potato Granules market?
Emerging trends in the global potato granules market include increasing demand for convenience foods and snacks, which are driving the growth of the market. Consumers are looking for convenient and easy-to-prepare food options, and potato granules offer a versatile ingredient for various dishes. Additionally, the rising popularity of gluten-free and vegan products is also boosting the demand for potato granules as a natural and clean-label ingredient. With advancements in technology and manufacturing processes, manufacturers are able to offer higher quality and more innovative potato granule products to cater to the evolving preferences of consumers worldwide.
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Major Market Players
One of the key players in the competitive potato granules market is Aviko, a Dutch company that specializes in frozen potato products. Aviko was founded in 1962 and has since grown to become one of the leading companies in the potato processing industry. The company has a strong global presence and offers a wide range of products including potato granules, fries, and specialty potato products. Aviko has witnessed significant market growth over the years, driven by increasing demand for convenient and ready-to-eat potato products.
Another prominent player in the potato granules market is Emsland Group, a German company known for its innovative potato-based solutions. Emsland Group has a long history in the potato processing industry and has established itself as a reliable supplier of high-quality potato granules and other potato products. The company has experienced steady market growth and has expanded its product portfolio to cater to the evolving needs of the food industry.
In terms of sales revenue, Aviko reported annual sales of around €1.8 billion in 2020, highlighting its strong market position and sustained growth. Emsland Group, on the other hand, generated sales revenue of approximately €900 million in the same year, indicating its significant presence in the potato granules market.
Overall, the potato granules market is highly competitive, with key players such as Aviko and Emsland Group leading the way with their innovative products, strong market presence, and impressive sales revenue. The market is expected to continue growing as consumer demand for convenient and value-added potato products continues to rise.
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