Potato processing is a specialized sector within the materials industry dedicated to providing materials designed for aerospace and defense applications. These materials, including metals, composites, ceramics, polymers, and electronic components, must meet stringent performance and safety requirements. They are essential for constructing, maintaining, and operating aircraft, spacecraft, military vehicles, weaponry, and associated systems. It plays a pivotal role in enabling the development of high-performance and reliable aerospace and defense systems.
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Data Bridge Market Research analyzes Asia-Pacific Potato Processing Market is expected to reach USD 22,629.71 million by 2030 from USD 15,086.56 million in 2022, growing with a substantial CAGR of 5.3% in the forecast period of 2023 to 2030.
Key Findings of the Study
Growing Population and Disposable Income of Consumers is Expected to Drive the Market Growth
Due to the expanding Asia-Pacific population and rising disposable income, it is anticipated that the Asia-Pacific market for potato processing will experience significant growth in the upcoming years. The demand for processing potato goods such as French fries, chips, and mashed potatoes will likely rise as more people around the Asia-Pacific enter the middle class and have more disposable income. Potatoes are a perfect ingredient for food service providers and individual consumers because of how much demand the expanding population is predicted to generate for simple food products to prepare, store, and transport. This trend is anticipated to be especially pronounced in developing nations of Asia and North America, where urban lifestyles are becoming more prevalent, and there is rapid economic growth. Moreover, the Asia-Pacific market for potato processing is anticipated to expand over the coming years, presenting new business opportunities for participants in the sector and other parties involved in the food supply chain.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Category (Organic and Inorganic), Type (Frozen, Dried and Other), Shape (Dices, Wedges, Round, Tater Drums, Shreds, and Others), Packaging (Pouches, Cans, and Cardboard Boxes), Application (Snacks Industry, Ready-to-Cook & Prepared Meals, Baby Food, Bakery Products, Dough Mixtures, Toppings and Spreads, and Others), End-User (Retail/Household and Food Service Sector)
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Countries Covered
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Japan, China, South Korea, India, Singapore, Indonesia, Malaysia, Philippines, Australia, Thailand, and Rest of Asia-Pacific
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Market Players Covered
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McCain Foods Limited (Canada), Lamb Weston, Inc. (U.S.), J.R. Simplot Company (Idaho), Aviko (Netherlands), Farm Frites (Netherlands), The Kraft Heinz Company (U.S.), AGRANA Beteiligungs-AG (Austria), Agristo (Belgium), HyFun Foods (India), Bart's Potato Company (Belgium), Lutosa (Belgium), and Himalaya Food International Ltd. (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Asia-Pacific potato processing market is segmented into six notable segments based on category, type, shape, packaging, application, and end-user.
- On the basis of category, the market is segmented into organic and inorganic
In 2023, the inorganic segment is expected to dominate the Asia-Pacific potato processing market
In 2023, the inorganic segment is expected to dominate the market with the highest market share of 80.77% due to the high yield and higher demand in potato processing industries.
- On the basis of type, the market is segmented into frozen, dried, and other
In 2023, the frozen segment is expected to dominate the Asia-Pacific potato processing market
In 2023, the frozen segment is expected to dominate the market with the highest market share of 67.24% due to advancements in freezing technologies and high demand in hotels and restaurants.
- On the basis of shape, the market is segmented into rounds, shreds, dices, wedges, tater drums, and others. In 2023, the dice segment is expected to dominate the market with a highest market share of 45.25%.
- On the basis of packaging, the market is segmented into pouches, cans, and cardboard boxes. In 2023, the pouches segment is expected to dominate the market with a highest market share of 51.76%.
- On the basis of application, the market is segmented into the snacks industry, baby food, ready-to-cook & prepared meals, toppings & spreads, dough mixtures, bakery products, and others. In 2023, the snacks industry is expected to dominate the market with a highest market share of 43.92%.
- On the basis of end-user, the market is segmented into retail/household, food service sector. In 2023, the food service sector segment is expected to dominate the market with a highest market share of 80.28%.
Major Players
Data Bridge Market Research analyzes McCain Foods Limited (Canada), Lamb Weston, Inc. (U.S.), J.R. Simplot Company (Idaho), Aviko (Netherlands), and Farm Frites (Netherlands) as the major players in the Asia-Pacific potato processing market.
Market Development
- In May 2023, the Kraft Heinz Company introduced a new brand called HOMEBAKE 425°/:30. This brand offers a range of frozen entrée, side, and vegetable dishes suitable for families. The dishes are mix-and-match, allowing customers to create over 500 menu combinations from 15 base products. This helped the company to expand.
- In February 2023, AGRANA Beteiligungs-AG will attend the BIOFACH fair in Nuremberg, the largest worldwide trade show for organic foods. In the starch industry, AGRANA extracts high-quality organic starch from organically certified raw materials, such as potatoes, corn, waxy corn, and wheat, for the processing industry. At BIOFACH 2023, AGRANA will highlight grain proteins, such as wheat gluten, as a plant-based meat substitute and demonstrate how organic starch improves food and beverages. This participation helped the company to protect its innovations and achievements in the market.
- In March 2022, J.R. Simplot Company and the Kraft Heinz Company signed an exclusive, multi-year agreement. Simplot will be designated as the sole manufacturer and supplier of Kraft Heinz's Ore-Ida retail brand. As per the agreement, Simplot will acquire the existing processing location in Ontario, Oregon. This helped the company to reach more consumer base.
- In December 2021, Strong Roots, a leading plant-based frozen food company, and McCain Foods announced a strategic partnership McCain Foods, which invested USD 55.00 million in Strong Roots to take a minority stake in the business. This helped the company to expand its presence globally.
- In November 2021, HyFun Foods added new products to its portfolio of Indian delights, including Pav Bhaji Patty and Sabudana Patty. The company also disclosed that it would increase its manufacturing capacity for processing potatoes to 350,000 tonnes, yielding finished frozen goods of 200,000 tonnes, to meet the rising domestic and international demand. This business expansion and product portfolio extension have helped the company get a multi-regional consumer base and be competitive among other major market players.
Regional Analysis
On the basis of geography, the market is segmented into Japan, China, South Korea, India, Singapore, Indonesia, Malaysia, Philippines, Australia, Thailand, and Rest of Asia-Pacific.
As per Data Bridge Market Research Analysis:
China is the dominant and fastest-growing county in the Asia-Pacific potato processing market
China is expected to dominate the market due to advancements in freezing technologies and high demand in hotels and restaurants. China is also the fastest-growing country in the market due to large production, easy availability of products, and an increase in customer base.
For more detailed information about the Asia-Pacific potato processing market report, click here – https://www.databridgemarketresearch.com/reports/asia-pacific-potato-processing-market
