Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 31.67 Billion | USD 50.49 Billion | CAGR at 5.44% | 2023 |
According to the report published by Zion Market Research, the global Packaged Processed Potato Products Market size was valued at USD 31.67 Billion in 2023 and is predicted to reach USD 50.49 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.44% during the forecast period. The report analyzes the global Packaged Processed Potato Products Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Packaged Processed Potato Products Market industry.
Potatoes are processed in myriad processing equipment for manufacturing processed potato items and then these products are packed for transporting to distributors for selling purpose.
The rise in the customer preference for convenience diet along with an increase in the popularity of snack foods will propel the expansion of packaged processed potato products industry in the upcoming years. In addition to this, hectic & busy work schedule of the working population has generated a massive necessity for consuming packaged processed potato food items and this will steer the business growth trends. Moreover, swift urbanization and burgeoning demand for ready meals will enhance the product penetration in myriad markets. Nevertheless, health issues due to high potato product intake can hamper the industry surge in the years ahead.
Furthermore, a prominent increase in the number of quick-service restaurants is likely to embellish the progress of the industry in the forthcoming years. In addition to this, rapid advancements taking place across the food packaging activities will help in the creation of an optimistic picture for the packaged processed potato products industry in the coming decade. Apparently, the inflation in the amount of retail outlets along with the huge sale of finished goods to the end-users in the retail stores will catalyze the business growth.
Again, price discounts, sales discounts, trade discounts, enhanced shopping experience, and attractive shelf displays in supermarkets and hypermarkets to influence consumer buying behavior will create lucrative growth avenues for the industry. These retail outlets are also seen as lucrative business destinations by the major industry players and are going to play a key role in leveraging the market earnings in the next decade.
The overall packaged processed potato products industry is segregated based on the product type and distribution channels.
Based on the product type, the market is sectored into potato chips & snack pellets, potato starch, and fresh & pre-cooked potatoes.
On the basis of distribution channels, the industry for packaged processed potato products is classified into supermarkets, convenience stores, hypermarkets, and online stores.
Report Attributes | Report Details |
---|---|
Report Name | Packaged Processed Potato Products Market Research Report |
Market Size in 2023 | USD 31.67 Billion |
Market Forecast in 2032 | USD 50.49 Billion |
Growth Rate | CAGR of 5.44% |
Number of Pages | 201 |
Key Companies Covered | Calbee, Kraft Heinz, Kellogg, J.R. Simplot, Lamb Weston, Farm Frites, McCain Foods, Intersnack, and PepsiCo |
Segments Covered | By product type, By distribution channels and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on regions, the overall packaged processed potato products industry can be divided into five main regions: Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Regionally, Asia Pacific region is projected to make major contributions towards the overall market share during the analysis period. The growth of the market in the region can be attributed to fast altering customer lifestyles, demand for easy-to-prepare snacks, and rapidly expanding production capabilities of potato product processing. Apart from this, a rise in the demand for the product fortified with lesser salt, fats, and artificial ingredients will further proliferate the regional market growth.
Moreover, Europe, North America, Latin America, and the Middle East and African markets are poised to witness a lucrative or even a double-digit growth in the coming decade.
Few of the key participants involved in the packaged processed potato products business include:
By product type
By distribution channels
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