Potato Processing Market Trend, Share, Growth, Size, Analysis and Forecast 2032

Potato Processing Market Insights

Zion Market Research has published a report on the global Potato Processing Market, estimating its value at USD 3.17 Billion in 2023, with projections indicating that it will reach USD 6.03 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.4% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Potato Processing industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Potato Processing Market: Overview

A potato popular and most common vegetable used in diets of various countries across the globe. Potatoes are widely used in most of the packaged food preparations, owing to its ingredients including protein, flour, and starch. Most of the top selling processed potato products such are dehydrated, frozen meals, processed meals and snacks, and others are expected to fuel this industry growth in the future. According to the Food and Agriculture Organisation, China, Russia, India and the United States are the main manufacturer and consumer of grain and vegetable products.

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Global Potato Processing Market: Growth Factors

Speedy expansion in the trade of frozen potato items, coupled with increasing adoption and demand for processed potato products are among the major factors expected to fuel growth of the global industry in the near future. Addition to this, increasing popularity of potato chips across the world is anticipated to support growth of the industry in next few years.

Furthermore, Quick Service Restaurants (QSRS) are increasing in developed as well as emerging economies, which is creating huge demand for the processed potato food in turn fuelling growth of the target industry. However, issues related to health owing to consumption of the processed potatoes is major factor anticipated to hinder growth of the global industry over the forecast period. Nevertheless, technological advancements and improving techniques of farming may create huge growth opportunities in future.

Global Potato Processing Market: Segmentation

The potato processing market is segmented based on type, application, and distribution channel.

Based on type the market is divided as frozen, chips & snack pellets, dehydrated, and others. The frozen segment is expected to dominate during the forecast period, the growth is attributed to high consumption of frozen products owing to the increase in demand for French fries, widely served in restaurants across the globe.

On the basis of application this industry is segregated as snacks, ready-to-cook & prepared meals.

On the basis of distribution channel industry target market is divided into foodservice and retail. Foodservice segment is predictable to account for a major share in terms of both revenue in the coming future.

Potato Processing Market: Report Scope

Global Potato Processing Market: Regional Analysis

The Europe potato processing market is projected to hold the significant share globally in the future, owing to the presence of major players, and increasing demand from various end use industries in the countries of Europe. Further, presence of major players and growing food processing industry is expected to fuel growth of the market in the Asia Pacific. The North America potato processing market is anticipated to grow at a rapid rate in the years ahead, increasing demand form hotels serving frozen potato items and rising expansion of quick-service restaurants in the countries of the region.

Global Potato Processing Market: Competitive Players

• Limagrain Céréales Ingrédients
• Lamb Weston Holdings
• The Little Potato Company Ltd.
• Idahoan Foods LLC
• Agrana Beteiligungs-AG
• Burts Potato Chips Ltd.
• Farm Frites International B.V.
• Intersnack Group GmbH & Co. Kg
• J.R. Short Milling Company
• The Kraft Heinz Company
• Aviko B.V.
• Leng-D’or
• Mccain Foods Limited
• Agristo NV
• J.R. Simplot Company among others.

Global Potato Processing Market: By Segmentation Types

By Type

• Frozen
• Chips
• Snack Pellets
• Dehydrated
• Others

By Distribution Channel

• Foodservice
• Retail

By Application

• Snacks
• Ready-To-Cook & Prepared Meals
• Others

Potato Processing Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa