Global Potato Processing market trends 2024, Forecast To 2033
8 Feb, 2024
The potato processing market has experienced robust growth, escalating from $30.41 billion in 2023 to $32.13 billion in 2024, with a compound annual growth rate (CAGR) of 5.7%. This growth is fueled by the increasing demand for ready-to-cook meals, frozen products, and convenience food, along with the expansion of hotels and restaurants. The market is projected to continue its strong performance, reaching $40.61 billion in 2028, with a CAGR of 6.0%. Major trends in the forecast period include innovations in processing technology, the emergence of potato-based snack products, and a focus on gluten-free and allergen-free products.
Global Potato Processing Market Key Driver
The potato processing market is expanding due to changing consumer preferences for convenience foods. The demand for processed potato products is rising as consumers seek time-saving options and experiment with different tastes. A survey in the US reveals that over 69% of respondents prefer comfort foods, indicating a sustained growth trajectory for the potato processing market.
Get A Free Sample Of The Global Potato Processing Market ReportGlobal Potato Processing Market Segments
The global potato processing market covered in this report is segmented –
1) By Product: Frozen, Dehydrated, Chips And Snack Pellets, Other Products
2) By Application: Ready to Cook and Prepared Meals, Snacks, Food Additives in Soups, Gravies, Bakery, Desserts, Other Applications
3) By Distribution Channel: Food Services, Specialty Stores, Convenient Stores, Departmental Stores, Other Distribution Channels
By Geography: The regions covered in the Potato Processing market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Western Europewas the largest region in the potato processing market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the potato processing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Potato Processing Industry Players
Lamb Weston Holdings Inc., The Kraft Heinz Co., McCain Foods Ltd., John Richard Simplot, Agristo NV, Key Technology Ltd., Urschel Laboratories Inc., Sormac B.V., The Little Potato Company Ltd., J.R. Short Milling Company, Agrana Beteiligungs-AG, Aviko B.V., Farm Frites International B.V., Idahoan Foods LLC, Pepsico Inc., Intersnack Group GmbH & Co KG, Calbee Inc., Kellanova Co., Old Dutch Foods Inc., Burts Potato Chips Ltd., Herr Foods Inc., Kettle Foods Inc., Snyder's-Lance Inc., Utz Quality Foods LLC, Wise Foods Inc., Ballreich Snack Food Company, Cape Cod Potato Chips, Gibble's Foods Inc., Zapps – Utz Quality Foods., Avure Technologies Inc., Idaho Pacific Corporation
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Potato Processing Market Overview
Potato processing refers to convenience potato products primarily made by washing, peeling, size reduction, and the removal of defective matter. These processing steps involve a wide combination of heat treatments, cooling, dehydration, and frying systems or freezing stages. Peeled potatoes are parboiled, air dried, par-fried, frozen, and packaged after blasting through cutting blades. After that, the completed products are packaged and stored based on product requirements.
Potato Processing Global Market Report 2023 provides data on the global potato processing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The potato processing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.