A recent report published by Infinium
Global Research on the potato processing market provides an 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 that 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 on a 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 demand of the different
types of snacks products among different consumers group is helping to grow the
demand of the different types of processing equipment to tap the emerging
opportunities around the world. The global potato processing market is
projected to grow at a CAGR of 4.9% over the forecast period of 2019-2025.
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 snack 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 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,
the potato processing market is segmented into four regions, namely North America,
Europe, the Asia-Pacific, and RoW. North America is the largest player in the
potato processing market, owing to the presence of 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 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 demand for the different types
of potato processed products for different applications, especially the food
processing industry, bakery industry.
The report on the 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 the 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.