The Global Potato Processing Market was worth USD 23.63 billion in 2016 and estimated to be growing at a CAGR of 5.56%, to reach USD 30.97 billion by 2021. Potatoes are used for a wide range of purposes, and not just as a vegetable for cooking at home. In fact, it is estimated that less than fifty percent of potatoes grown worldwide are consumed fresh. The rest are processed into potato food ingredients and food products; fed to cattle, chickens and pigs, processed into starch for industry; and re-used as seed tubers for producing the next season’s potato crop.
Fresh potatoes are boiled, baked or fried and used in a staggering range of recipes such as potato pancakes, mashed potatoes, potato dumplings, potato soup, twice-baked potatoes, potato salad and potatoes au gratin among others. But the trend of global consumption of potato as food is shifting from fresh potatoes to processed, added-value, food products. One of the key items in that category is frozen potatoes, which includes most of the French-Fries served in fast-food chains and restaurants worldwide. The world’s appetite for factory-made French-Fries has been put at more than seven million tons a year. Another processed product, the potato crisp is the long-standing king of snack foods in a lot of developed countries. Dehydrated potato flakes are used in retail mashed potato products, as ingredients in snacks, also as food aid.
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The driving factors of global Potato Processing market are growth in demand for applications such as prepared ready meals and snack foods and with the growth in consumer preferences for convenience foods to save efforts and time. Rise in the number of retail channels such as supermarkets and hypermarkets, quick growth of the fast food industry, industrialization policies adopted by governments of developing economies are also expected to propel the growth of the potato processing market during the forecast period.
The global Potato Processing market is segmented based on type into chips and snack pellets, frozen, dehydrated and other types. On the basis of application, the market is divided into ready to cook and prepared meals, snacks and other applications. By distribution channel, the market is categorised into foodservice and retail. Among the distribution channels, foodservice segment has the largest share. Frozen segment is the largest market share holder in the potato processing market, owing to factors such as lesser time required for preparation of meals and growing preference of consumers for convenience foods.
The Global Potato Processing market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. Asia Pacific has the largest market for potato processing in the world, owing to factors such as high population and huge potato production in the region. North America and Europe hold second and third positions in the world by share respectively.
Some of the major players in the market are Lamb Weston Holdings, Inc. (U.S.), The Kraft Heinz Company (U.S.), J.R. Simplot Company (U.S.), McCain Foods Limited (U.S.), Agristo NV (Belgium), Farm Frites International B.V. (Netherlands), J.R. Short Milling Company (U.S.), Intersnack Group GmbH & Co. KG (Germany), Idahoan Foods, LLC (U.S.), AGRANA Beteiligungs-AG (Austria), and Aviko B.V. (Netherlands).
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Some Point from Table of Content:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
- Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
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