The global potato processing market is experiencing significant growth driven by rising demand for processed potato products worldwide. Processed potato products are widely used in the food and snack industry, including quick-service restaurants, food service providers, and packaged snack manufacturers. Additionally, they find applications in the food retail sector and convenience foods. The market caters to diverse consumer preferences for convenient and tasty potato-based products, making it a significant part of the global food industry. The market's positive trajectory is also attributed to increasing consumption in various end-user sectors, such as government, agriculture, transport, and tourism. Overall, the global potato processing market remains a vibrant and expanding industry with promising opportunities.
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Data Bridge Market Research analyses that the Global Potato Processing Market is expected to grow at a CAGR of 4.9% in the forecast period of 2023 to 2030 and is expected to reach USD 57,284.20 million by 2030 from USD 39,068.87 in 2022. The rise in the snacking culture and the demand for ready-to-eat snacks have fueled the consumption of potato chips and other processed potato snacks. These snacks are convenient, flavorful, and enjoyed by people of all ages, making them a preferred choice in the global snacking landscape, thereby driving the demand for potato processing to cater to this market segment.
Key Findings of the Study
Increasing demand for processed potato products is expected to drive the market's growth rate
The growing popularity of processed potato products can be attributed to multiple factors. Modern consumers seek convenience and time-saving options, leading to a surge in demand for ready-to-eat snacks. Potatoes' adaptability in various culinary forms, such as fries, chips, and snacks, offers a diverse range of products appealing to different tastes. Furthermore, the global expansion of fast-food chains and supermarkets creates accessibility and exposure, driving demand. Lastly, with increasing globalization, these products are becoming staples in many cuisines worldwide, making them a dominant and sought-after choice in the ever-expanding global food industry.
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, Volumes in Units, Pricing in USD
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Segments Covered
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Category (Organic and Inorganic), Type (Frozen, Driedand Others), Shape (Round, Shreds, Dices, Wedges, Tater Drums, and Others), Packaging (Pouches, Cans, Cardboard Boxes), Application (Snacks Industry, Baby Food, Ready-To-Cook and Prepared Meals, Dough Mixtures, Bakery Products, Toppings and Spreads, and Others) End User (Retail/Household and Food Service Sector)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Lamb Weston, Inc. (U.S.), Lutosa (Belgium), Idahoan Foods, LLC. (U.S.), AGRANA Beteiligungs-AG (Austria), Alexia Foods (U.S.), Farm Frites (Netherlands), HyFun Foods (India), J.R. Simplot Company (U.S.), 11er Nahrungsmittel GmbH (Austria), Bem Brasil Alimentos (Brazil), Cavendish Farms (Canada),Agrarfrost GmbH & Co. KG (Germany), McCain Foods Limited (Canada), Aviko (Netherlands), MASH DIRECT (U.K.), J.R. Short Snack Products (U.S.), Bart's Potato Company (U.K.), The Kraft Heinz Company (U.S.), Agristo (Belgium), Himalaya Food International Ltd. (India) among others
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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 potato processing market is segmented on the basis of category, type, shape, packaging, application, and end user
- On the basis of category, the potato processing market is segmented into organic and inorganic
- On the basis of type, the potato processing market is segmented into frozen, dried, and others
- On the basis of shape, the potato processing market is segmented into round, shreds, dices, wedges, tater drums, and others
- On the basis of packaging, the potato processing market is segmented into pouches, cans, and cardboard boxes
- On the basis of application, the potato processing market is segmented into snacks industry, Baby Food, ready-to-cook and prepared meals, dough mixtures, bakery products, toppings and spreads, and others
- On the basis of end user, the potato processing market is segmented into retail/household and food service sector.
Major Players
Data Bridge Market Research recognizes the following companies as the major potato processing market players in potato processing market are Lutosa (Belgium), Idahoan Foods, LLC. (U.S.), AGRANA Beteiligungs-AG (Austria), Alexia Foods (U.S.), Farm Frites (Netherlands), HyFun Foods (India), J.R. Simplot Company (U.S.), 11er Nahrungsmittel GmbH (Austria), Bem Brasil Alimentos (Brazil), Cavendish Farms (Canada)
Market Developments
- In 2023, The Kraft Heinz Company, in collaboration with BEES, announced the extension of their partnership to boost the B2B marketplace. The aim is to unlock approximately 1 million new potential points of sale across Latin America (LATAM), particularly in Mexico, Colombia, and Peru.
- In 2023, According to a statement from Lamb Weston Holdings Inc., the remaining equity interests in the company's European joint venture with Meijer Frozen Foods B.V. have now been fully acquired. The final transaction consideration included 1,952,421 shares of Lamb Weston common stock and €525 million in cash, subject to certain adjustments.
- In 2022, the Company declared its intention to acquire a stake in the company. This acquisition has helped the company to be more competitive in the market and gain a new consumer base.
Regional Analysis
Geographically, the countries covered in the potato processing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in potato processing market during the forecast period 2023-2030
Asia-Pacific's dominance in the global potato processing market is led by China, driven by the increasing utilization of potato processing and strategic promotional efforts by market players. These initiatives have spurred the demand for potato processing products in the region. Moreover, manufacturers are introducing a wide range of innovative potato-based products, further fueling market demand. As the popularity of convenient and diverse potato products continues to grow, the Asia-Pacific region, with China at the forefront, remains a key player in the global potato processing market.
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