The global potato processing market size is expected to grow from $27.41 billion in 2021 to $28.82 billion in 2022 at a compound annual growth rate (CAGR) of 5.14%. The global processed potato products market size is expected to reach $35.37 billion in 2026 at a CAGR of 5.25%.
What is the Global Potato Processing Market?
The potato processing market consists of the sale of processed potato products by entities (organizations, partnerships, and sole proprietors) that 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. Households, fast food chains, and restaurants use processed potato products to make dishes such as french fries, soups, salads, potato snacks, and others in a fraction of the time as they are already partially prepared.
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What drives the Global Potato Processing Market?
Growing consumer preferences for convenience foods to save time and effort are driving the potato processing market. The lifestyle, tastes, and preferences of consumers are rapidly changing. Consumers are increasingly shifting toward convenience foods due to a lack of time to prepare home-cooked food and a willingness to experiment and explore different tastes. As a source of daily nourishment and a time-saving option, processed potato products are used in most convenience food. According to the study conducted by OnePoll in partnership with Farm Rich on 2,000 Americans in 2020, more than 69% of respondents preferred to continue with comfort food in the post-pandemic era. Due to an increase in customer preferences for convenience foods, there has been an increase in the growth of the potato processing market.
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Global Potato Processing Market Segments
The global potato processing market is segmented:
By Product: Frozen, Dehydrated, Chips and Snack Pellets, Others
By Application: Ready-to-Cook and Prepared Meals, Snacks, Food Additives in Soups, Gravies, Bakery, Desserts, Others
By Distribution Channel: Food Services, Specialty Stores, Convenient Stores, Departmental Stores, Others
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.
Potato Processing Global Market Report 2022provides market size and growth forecasts for the global potato processing market, global potato processing market share, potato processing market segments and geographies, potato processing market competitive landscape including leading competitors’ revenues, profiles and market shares. The potato processing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Potato Processing Industry Playersinclude Lamb Weston Holdings, Inc., The Kraft Heinz Company, McCain Foods Limited, J.R. Simplot Company, Agristo NV, Farm Frites International B.V., AGRANA Beteiligungs-AG, J.R. Short Milling Company, Intersnack Group GmbH & Co. KG, Idahoan Foods, LLC, Aviko B.V., Burts Potato Chips Ltd., Agristo NV, Pepsico, and The Little Potato Company Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
