Global Potato Processing Market, By Type (Frozen, Chips & Snack Pellets, Dehydrated, Others), Distribution Channel (Foodservice, Retail), Application (Snacks, Ready-to-Cook & Prepared Meals and Others) – Industry Trends and Forecast to 2029.
Potato Processing Market Analysis and Size
Global consumption of processed foods has increased dramatically in recent decades. A major contributor to this increase is the world's growing population. As a result, urban consumers have access to a much broader range of food options and better food availability than rural consumers. This urbanisation trend significantly contributes to higher living standards and rising incomes, which has a greater impact on the affordability of processed food products.
Data Bridge Market Research analyses that the potato processing market which was growing at a value of 23.30 billion in 2021 and is expected to reach the value of USD 37.14 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Cleaning, peeling, washing, slicing, and blanching fresh potatoes are common steps in the production of French fries, chips, flakes, and starch. As they are already partially prepared before reaching the end user, processed potato products are used by households, fast food chains, and restaurants to prepare dishes such as French fries, soups, salads, and potato snacks in a fraction of the time.
Potato Processing Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Type (Frozen, Chips & Snack Pellets, Dehydrated, Others), Distribution Channel (Foodservice, Retail), Application (Snacks, Ready-to-Cook & Prepared Meals and Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Poland, Sweden, Denmark, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong, Philippines, New Zealand, Taiwan, 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
Market Players Covered
Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT (U.S.), The Middleby Corporation (U.S.), Heat and Control, Inc. (U.S.), Alfa Laval (Sweden), TNA Australia Pty Ltd. (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L (Spain), Clextral (France), SPX FLOW (U.S.), Bigtem Makine (Turkey), FENCO Food Machinery (Italy), Krones Group (Germany), Finis Potato Processing B.V. (Netherlands), Bettcher Industries, Inc. (U.S.), Anko Food Machine Co. Ltd. (Taiwan), Heat and Control, Inc. (U.S.), BAADER (Germany), and Dover Corporation (U.S.)
Potato Processing Market Dynamics
- Rising adoption of vegan food items around the developed regions
Demand for processed potato products is expected to be driven by the increasing adoption of vegetarian and vegan food items in developed regions as a result of rising health consciousness and concern for animal welfare during the forecast period. Additionally, ready-to-cook potato products such as fries, soups, and snacks are being marketed with labels such as'vegan' or 'organic' in order to increase sales. The rising popularity of vegetarians and vegans in the media, combined with various health benefits, is expected to increase the population of vegetarians and vegans during the forecast period.
- The adoption of technically advanced potato growing techniques by major potato-producing countries
In the forecast years, increased demand for processed potato products, such as frozen potatoes, from restaurants, hotel chains, and retail sectors will drive market growth. Furthermore, major potato-producing countries' adoption of technically advanced potato growing techniques is expected to drive the growth of the global potato processing market.
In today's sports and wellness environment, where people are constantly concerned about their health, the use of dietary supplements, such as potato processing, to increase efficiency and strengthen activity modifications is becoming increasingly popular. Potato processing can take several forms, the most common of which is a paste that can be mixed with water or a tablet.
Rising disposable income, rising consumer demand, urbanisation, quick-service restaurants, active participation of women in this industry, and supply chain activities have already benefited the potato processing market. Other factors that have increased demand for processed potato products include the availability of potatoes, processed potato products, less stressful cooking methods, ready-to-eat infrastructure, comparatively low cost, ease of handling, and a tasty product. As a result, the potato consumption pattern has shifted from fresh to process. People eat more potatoes because they are one of the few vegetables that contain both starch and protein. Market growth is being driven by increased demand for processed potatoes, frozen and dehydrated potatoes, and potato snacks.
Nonetheless, the high costs incurred by players as a result of potato storage and transportation will limit market growth. Furthermore, rising health concerns such as obesity and diabetes as a result of processed potato consumption will stymie market growth in the coming years.
This potato processing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the potato processing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Potato Processing Market
The virus has significantly impacted the potato processing manufacturing industry, causing production and factory operations to be halted. It all started in China, the global hub for supplying raw materials to companies, and then spread to the entire supply chain for manufacturing companies. Furthermore, the United Nations Conference on Trade and Development (UNCTAD) predicts that global FDI will fall by 5% to 15% as a result of a drop in manufacturing company operations due to factory shutdown. As a result, the COVID-19 outbreak is expected to slow global investment in the potato processing manufacturing sector. This scenario has reduced demand for Potato Processing, particularly in 2020.
- In July 2021, Lamb Weston Holdings, Inc. announced an increase in French fry processing capacity at its American Falls, Idaho facility. As a result, they anticipate producing more than USD 1 billion in frozen french fries and other potato products each year. The new line is expected to be finished by the middle of 2023, creating approximately 130 new jobs.
- Aviko completed its acquisition of the majority stake in the Bavarian family business Amberger in February 2021. As a result, Aviko invests in further strengthening its position in the German and Austrian foodservice markets. The Oberdolling production site, the regional brand Feldmühle, and a premium range of German potato products are all part of the deal.
- Farm Frites announced plans to build a French fry production plant in Kazakhstan's Shu region through its subsidiary, Farm Frites Beheer B.V., in December 2020. The French fry plant is expected to cost USD 145 million. The plant, which will employ 240 people, is set to open in 2023.
Global Potato Processing Market Scope
The potato processing market is segmented on the basis of type, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Chips & Snack Pellets
- Prepared Meals
- Food additives in soups
- Bakery product
Potato Processing Market Regional Analysis/Insights
The potato processing market is analysed and market size insights and trends are provided by country, type, distribution channel and application as referenced above.
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, Poland, Sweden, Denmark, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong, Philippines, New Zealand, Taiwan, 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.
The Asia-Pacific potato processing market accounted for the largest revenue share. The segment's growth can be attributed primarily to the region's large-scale potato cultivation, which provides an abundant supply of high-quality raw potatoes for processing companies at low costs. For example, the United States Department of Agriculture (USDA) estimates China's fresh potato production at around 99 million metric tonnes. This was a 3% increase over the previous year due to increased acreage. The South American segment is expected to grow significantly during the forecast period, owing to factors such as an increase in the number of large-scale potato processing facilities and rising per capita potato product consumption in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Potato Processing Market Share Analysis
The potato processing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to potato processing market.
Some of the major players operating in the potato processing market are:
- Marel (Iceland)
- GEA Group (Germany)
- Bühler (Switzerland)
- JBT (U.S.)
- The Middleby Corporation (U.S.)
- Heat and Control, Inc. (U.S.)
- Alfa Laval (Sweden)
- TNA Australia Pty Ltd. (Australia)
- Bucher Industries (Switzerland)
- Equipamientos Cárnicos, S.L (Spain)
- Clextral (France)
- SPX FLOW (U.S.)
- Bigtem Makine (Turkey)
- FENCO Food Machinery (Italy)
- Krones Group (Germany)
- Finis Potato Processing B.V. (Netherlands)
- Bettcher Industries, Inc. (U.S.)
- Anko Food Machine Co. Ltd. (Taiwan)
- Heat and Control, Inc. (U.S.)
- BAADER (Germany)
- Dover Corporation (U.S.)