A recent report published by Infinium Global Research on potato processing market provides in-depth analysis of segments and sub-segments in the global as well as regional potato processing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional potato processing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global potato processing market. According to the report, the global potato processing market is projected to grow at a CAGR of 4.9% over the forecast period of 2019-2025.
Potato is the king of vegetables it is widely consumed around the world. Its application is not only limited to the vegetable side only but also it is used in several applications. It is a great source of the binder and thickeners, which is used in large scale in the bakery and food processing industry. Further, its growing application in the brewing industry is opening new scope for farmers, processors for an additional source of income. Additionally, its main application in the snacks and continuously growing the demand for the different type of snacks products among different consumers group is helping to grow the demand for the different type of processing equipment to tap the emerging opportunities around the world.
The growing awareness among the consumers about the different applications of the potato and its health benefit properties are helping to grow the demand of the potato processing market. Further, the continuous growing demand for the different snacks products made of potato is helping to grow the demand for the potato processing market. Additionally, the growing application of the potatoes to brew the alcoholic beverage as poitin, akvavit, vodka, and fodder for livestock is helping to grow the demand for this market. Moreover, the growing application of the potato starch in the food processing industry as thickeners and binders for soups, sauces and bakery products are helping to grow the demand for this market. However, the availability of the several substitutes of the potato for a different application is restricting the growth of this market. The growing disposable income among the young and middle-class consumers around the world, and growing desire to eat different type of potato-based processed products like chips, snacks, and others are expected to increase this market in the near future.
Geographically, potato processing market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the potato processing market, owing to the presence of the several food processing companies in this region, who are actively engaged in the potato processing business. Further, the presence of a large number of snacks loving consumers in this region and continuous innovation to capture the new market and new consumers are helping to continuously grow the potato processing the market in this region. The Asia-Pacific’s market is expected to grow at the highest CAGR during the forecast period, owing to the growing the demand for the different type of potato processed products for different applications, especially the food processing industry, bakery industry.
The report on global potato processing market covers segments such as type, application, and distribution channel. On the basis of type, the sub-markets include frozen, chips & snack pellets, dehydrated, and other types. On the basis of application, the sub-markets include snacks, ready-to-cook & prepared meals, and other applications. On the basis of distribution channel, the sub-markets include foodservice, and retail.
The report provides profiles of the companies in the market such as J R Short Milling Co, The Little Potato Company, Limagrain Cereals Ingredients SAS, Intersnack Group GmbH & Co. KG, Agristo, Farm Frites, Idahoan Foods, LLC, The J. R. Simplot Company, Aviko BV, and Kraft Heinz Company.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of potato processing market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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