Potato Processing Market Expected to Reach 30.85 Billion USD By 2022

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MarketsandMarkets Presents
Potato Processing Market Expected to Reach 30.85
Billion USD by 2022
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The report "Potato Processing Market by Type
(Frozen, Chips Snack Pellets, Dehydrated),
Application (Snacks, Ready-to-cook Prepared
Meals), Distribution Channel (Foodservice and
Retail), and Region - Global Forecast to 2022",
The global potato processing market was valued at
USD 22.74 Billion in 2016 and is projected to
reach USD 30.85 Billion by 2022, at a CAGR of
5.3 during the forecast period. Browse 64
Market Data Tables 39 Figures 154 Pages and
in-depth TOC on "Potato Processing Market
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Source MarketsandMarkets Analysis
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The potato processing market is projected to grow
at a CAGR of 5.3 from 2017, to reach a projected
value of USD 30.85 Billion by 2022. Easy
availability, convenient packaging, rapid
urbanization, change in eating habits, and
improvement in the standard of living are the
major factors that have driven the global market
in recent years. Other factors such as the growth
in consumer preferences for convenience foods to
save time and efforts, coupled with the rise in
demand for applications such as snack foods and
prepared ready meals, are expected to drive the
growth of the potato processing market during the
forecast period. The global market has been
segmented on the basis of distribution channel
into foodservice and retail. Potato processing
have been gaining importance in the foodservice
segment due to the growth of food delivery
channels and increase in demand for fast food.
Apart from the demand from full-service and quick
service restaurants, increase in the number of
national and international brands in the hotel
industry is expected to drive the demand for
potato products in the foodservice industry
during the forecast period. Europe is estimated
to occupy the largest share in the global potato
processing market, in terms of value and volume,
in 2017, owing to the booming food processing
industry and presence of major companies in these
countries such as the Germany, the U.K., France,
the Netherlands, and Belgium. The Asia-Pacific
region is projected to be the fastest-growing
during the forecast period. Key players in Europe
and the U.S. focus on tapping the potato
processing market in Asia-Pacific, owing to which
Asia-Pacific is expected to witness high growth
in the coming years.
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• The health issues associated with the consumption
  of processed potato products, high acrylamide
  content in snack foods, coupled with the high
  cost incurred for storage and transportation, are
  the major factors restraining the growth of the
  potato processing market globally.  The major
  challenge faced by the processed potato product
  processors/manufacturers is to maintain a
  continuous or year-round supply of potato
  varieties at a reasonable price for uninterrupted
  operations.
• The leading players who dominated the potato
  processing market include Lamb Weston Holdings,
  Inc. (U.S.), The Kraft Heinz Company (U.S.),
  McCain Foods Limited (U.S.), J.R. Simplot Company
  (U.S.), Agristo NV (Belgium), Farm Frites
  International B.V. (Netherlands), AGRANA
  Beteiligungs-AG (Austria), J.R. Short Milling
  Company (U.S.), Intersnack Group GmbH Co. KG
  (Germany), Idahoan Foods, LLC (U.S.,) and Aviko
  B.V. (Netherlands).
• Target Audience
• Suppliers
• Farmers
• Technology providers
• Potato processing manufacturers/processors
• Regulatory and research organizations
• Intermediary suppliers
• Traders
• Wholesalers
• Dealers
• Retailers

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• Scope of the report
• Based on Type, the market has been segmented as
  follows
• Frozen
• Chips snack pellets
• Dehydrated
• Others (canned potato, potato granules, flour,
  and starch)
• Based on Distribution Channel, the market has
  been segmented as follows
• Foodservice
• Retail
• Based on Application, the market has been
  segmented as follows
• Snacks
• Ready-to-cook prepared meals
• Others (food additives in soups, gravies, bakery
  products, and desserts)

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