Potato Processing Market Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025


Posted April 11, 2022 by neha_s

Potato is a starchy root vegetable, which is mainly obtained from the plant Solanum tuberosum.

 
Potato is a starchy root vegetable, which is mainly obtained from the plant Solanum tuberosum. Potato tuber is widely processed to get a variety of food products such as chips, fries, flakes, and other convenience food. Potato is also processed for its application as filler, binder, and adhesive by various end-use industries such as paper, textile, and pharmaceuticals. Furthermore, processed potato is used in animal feed and biofuels as well.

Frozen potato segment, based on product type, is estimated to dominate the potato processing market in 2017. Frozen potato is widely used by various quick serve restaurants such as Subway, McDonald’s, and Burger King. Urbanization, modernization, growing population, and increased per capita spending also contribute to the growth of frozen potato segment. Fresh potato is the fastest growing segment by product type of the potato processing market.

The global potato processing market is estimated to be valued at US$ 2,327.3 million in 2017 and is expected to expand at a CAGR of 5.5% in terms of revenue during 2017– 2025.

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Market Dynamics

Europe is the largest potato processing market owing to high consumer preference for processed potato products. Furthermore, many key players are investing in the potato processing industry in the region.

Asia Pacific is the fastest growing market in terms of revenue. Urbanization, modernization, influence of western culture, changing life style, population growth, increase in customer buying power, availability of raw materials, and cost competitiveness are the major growth drivers for the potato processing market in Asia Pacific.

North America is the second largest market for potato processing and is projected to witness exponential growth over the forecast period.

The potato processing market in Latin America, Middle East, and Africa will experience a significant growth over the forecast period.

Major Keyplayers: Agrana Beteiligungs-AG, Agristo NV, Aviko B.V., Farm Frites International, Idahoan Foods, Intersnack Group GmbH & Co. Kg, J.R. Simplot Company, Lamb Weston Holdings, Leng-D'or, Limagrain Céréales Ingrédients

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Issued By Coherent Market Insights
Country India
Categories Business , Industry
Last Updated April 11, 2022