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Potato Processing Market Future Demands and Growth Forecast 2031, Size, Share Estimation, Trend Analysis and Revenue | Mcccain Foods Limited*, Agrana Beteiligungs-AG

05-29-2024 09:00 AM CET | Food & Beverage

Press release from: Coherent Market Insights

Potato Processing Market

Potato Processing Market

The potato Processing Market size is expected to reach US$ 56.89 Bn by 2031, from US$ 39.42 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period.

Market Overview:

The potato processing market involves various activities such as grading, washing, cutting, dehydration, freezing and packaging of potatoes into various forms that cater different applications. Potato processing results in products like potato flakes, potato granules, potato chips, french fries and others.

Market Dynamics:

The potato processing market is expected to witness significant growth over the forecast period, driven by growing demand for convenience and packaged foods. Rising consumption of fast foods such as french fries and chips has augmented the growth of potato processing industry. Furthermore, increasing popularity of potato-based snacks is also fueling the market growth. Additionally, potato flakes product type segment is anticipated to gain traction owing to wide applications in various food preparations like soups, sauces and vegetables dishes. On the other hand, expanding frozen foods segment will further propel the demand for potato processing in the coming years.

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Rising Demand for Processed and Convenient Foods

The rapid urbanization and busy lifestyles of consumers have increased the demand for processed and convenient foods significantly in recent years. Potato processing helps in producing various packaged and ready-to-eat potato products like french fries, potato chips, frozen potato products and many more which provide high convenience to consumers. This driver has been a major factor behind the strong growth of the potato processing market. With evolving dietary preferences and time constraints, demand for convenience remains high among both working professionals as well as young populations. Potato processors have advantageously tapped into this growth driver by continuously innovating and launching new convenient potato products.

Increased Per Capita Potato Consumption Driving Raw Material Availability

Another key driver for the potato processing market has been the rise in global as well as regional per capita potato consumption over the past few decades. Higher consumption has ensured stable supply of raw materials for potato processing industry. Regions like North America, Europe and developing countries in Asia Pacific have witnessed substantial growth in per capita potato intake. Moreover, improved crop yields due to adoption of advanced farming techniques have further augmented the raw material availability. Potato processing companies can thus rely on growing potato cultivation to meet their rising demand for raw materials and expand production volumes accordingly without disruptions.

Major Trend in Potato Processing Market: Focus on Sustainability and Traceability

Sustainability and traceability have emerged as major trends across global food industry value chains including potato processing. There is increasing consumer expectation as well as regulatory pressure regarding sustainable sourcing, reduced environmental footprint and supply chain transparency. Processors are leveraging this as an opportunity to strengthen their brands and gain premium positioning. Adopting sustainable agricultural practices, reducing resource usage in production, utilizing renewable sources of energy as well as implementing blockchain technology for tracing raw materials are some initiatives undertaken. Focus on minimizing packaging waste through innovations and engaging in community development programs are other trends. Companies accurately addressing new sustainability demands would enjoy strategic benefits over time.

Worldwide major and leading players within the market are:

★ Mcccain Foods Limited*
★ Agrana Beteiligungs-AG
★ Agristo NV
★ Aviko B.V
★ Farm Frites International
★ Idahoan Foods
★ Intersnack Group GmbH & Co. Kg
★ Lamb Weston Holdings
★ J.R. Simplot Company
★ Leng-D'or.

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Segmental Overview

Potato Processing Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Potato Processing market are illuminated below:

Global Potato Processing Market, By Product Type:

★ By Product Type: Fresh, Frozen, Dehydrated

Global Potato Processing Market, By Applications:

★ By Application: Processed food, Glue, Animal feed, Biofuel, Others

Regional Analysis for Potato Processing Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Potato Processing Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Potato Processing market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Potato Processing market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Potato Processing market?
➥ What current trends will influence the Potato Processing market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Potato Processing market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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