Global Potato processing Market

Global Potato Processing Market Size, Share, Growth Analysis, By Type(Frozen, Chips & Snack Pellets), By Application(Snacks, Ready-to-cook & Prepared Meals), By Distribution Channel(Foodservice, Retail) - Industry Forecast 2022-2028


Report ID: SQMG30C2004 | Region: Global | Published Date: November, 2022 | Pages: 157

Global Potato Processing Market Insights

Global Potato Processing Market was valued at USD 51.76 Billion in 2021, and it is expected to reach a value of USD 72.34 Billion by 2028, at a CAGR of 4.90 % over the forecast period (2022-2028).

Potato processing involves several methods to produce desired end products. The processing plants are specially designed and equipped with tools and devices such as enzyme reactors, potato coolers, heating equipment, potato washers, and others. The Asian market is experiencing rapid growth because of rising potato production in major emerging economies. The increase in the number of potato processing plants across developed economies, combined with increased interest from global market players in developing economies (with higher potato producing capacities), is expected to have a significant impact on the global market during the forecast years.

Increased demand for processed potato products, such as frozen potatoes, from restaurants, hotel chains, and retail sectors is expected to drive market growth in the forecast years. Furthermore, major potato-producing countries' adoption of technically advanced potato growing techniques is expected to drive the growth of the global market. In today's sports and wellness environment, where people are always conscious of their health, the use of dietary supplements, such as potato processing, to increase efficiency and strengthen activity modifications is gaining enormous popularity.

Market snapshot

Global Market Size

USD 51.76 Billion

Largest Segment

Ready-to-cook

Fastest Growth

Ready-to-cook

Growth Rate

4.90% CAGR

Global Potato Processing Market, 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
Global Potato Processing Market Size By Application, 2021-2028 ($ Bn)
Global Potato Processing Market Size By Application, 2021-2028 (%)

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Global Potato Processing Market Segmental Analysis

The Global Potato Processing Market is segmented Based on Type, Application, Distribution Channel and Region. Based on Type it is categorized into Frozen, Chips & Snack Pellets, Dehydrated, Based on Application it is categorized into Snacks, Ready-to-cook & Prepared Meals, Based on Distribution Channel it is categorized into Foodservice and Retail, &. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Type

The frozen segment dominated the Global Potato Processing Market, a trend that is expected to continue throughout the forecast period. Frozen potato products are in high demand due to the increased demand for French fries served in restaurants and fast-food chains around the world. During the forecast period, the expansion of Quick Service Restaurants (QSRs) such as KFC, Pizza Hut, and McDonald's in countries such as India and China are expected to fuel demand for frozen potato products. The chips and snack pellets segment were the second largest, owing to the growing popularity of potato chips among young people and the ease with which they can be obtained.

Analysis by Application

The consumption of processed potato products in ready-to-cook and prepared meals is expected to account for the largest market share in 2021. Processed potato products used in ready-to-cook & prepared meals are a thriving market due to rising consumer preference for convenience foods, hectic work schedules, and on-the-go consumption habits. Aside from ready-to-cook & prepared meals, processed potato products find applications in the snacks segment, such as potato-based snacks with low carbs, low salt, air-dried, baked products in a variety of flavors, which drives the demand of the potato processing products.

Global Potato Processing Market By Application, 2021(%)

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Global Potato Processing Market Regional Insights

Europe is expected to hold the largest Global Potato Processing Market share in terms of value and volume in 2021, owing to a thriving food processing industry and the presence of major companies in countries such as Germany, the United Kingdom, France, the Netherlands, and Belgium. During the forecast period, the Asia-Pacific region is expected to grow the fastest. Key players in Europe and the United States are focusing on the Asian potato processing market, which is expected to grow rapidly in the coming years.

Global Potato Processing Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Global Potato Processing Market Dynamics

Driver

  • People's rising living standards, rapid urbanization, changing food preferences, and the attraction of fast food are all driving the demand for the Global Potato Processing Market all over the world. The demand for processed food is increasing because of the benefits and ease of no cooking, easy preservation, and storage options. As a result, it is also highly preferred by consumers. Furthermore, fast service restaurants around the world are enticing users to choose processed potato products based on their preferences.
  • The global market has been driven by rising demand for processed foods, improved farming methodologies, easy availability at low costs, and growing demand from the Asia-Pacific region..
  • Furthermore, rapid urbanization, rising living standards, easy product availability, and attractive packaging will result in significant product demand. The high consumer trend toward convenience dietary habits is expected to boost market earnings in the coming years.

Restraint

  • The high cost of storage and transportation associated with processed potatoes, combined with health concerns associated with processed food consumption, are expected to restrain the growth of the potato processing market during the forecast years.
  • Potato chip consumption has been linked to diseases such as hypertension, cardiovascular disease, and cancer. Furthermore, high levels of fried potato product consumption increase the risk of developing conditions such as stroke and obesity. For example, a study of 4,440 people aged 45 to 79 found that those who ate fried potatoes like French fries, hash browns, and potato chips two or more times a week had twice the risk of dying young as those who did not eat fried potatoes. The higher risk is attributed to the presence of trans-fat-rich cooking oil in fried potato products. Trans fat has been shown to raise LDL cholesterol levels in the blood.

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Global Potato Processing Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Potato Processing Market. Major firms are shifting their focus to the introduction of new products into the market. The increasing adoption of vegetarian and vegan food items in developed regions as a result of rising health consciousness and concern for animal welfare is expected to drive demand for processed potato products during the forecast period. Furthermore, ready-to-cook potato products like fries, soups, and snacks are being marketed with labels like vegan or 'organic' to increase sales. This has triggered the market and is expected to give a positive impact over the forecast period.

Top Players Company Profiles

Recent Developments

  • In February 2022, Kraft Heinz joint ventured with NotCo for plant-based products.
  • In July 2021, Lamb Weston Holdings, Inc. announced a capacity increase in French fry processing at its American Falls, Idaho facility. As a result, they hope to produce more than USD 1,050 million of frozen french fries and other potato products per year. The new line is expected to be completed by the middle of 2023, creating approximately 130 new jobs.
  • In February 2021, Aviko completed its acquisition of the majority stake in the Bavarian family business Amberger. As a result, Aviko invests in further strengthening its position in the German and Austrian foodservice markets. The acquisition includes the Oberdolling production site, the regional brand Feldmühle, and a premium range of German potato products.

Global Potato Processing Key Market Trends

  • The potato processing industry are rising in the frozen potato trade and rising demand for snack foods like potato chips and fries. However, apart from it, the rising popularity of ready-to-eat foods, as well as an increase in supply chain activities, will drive product penetration further still all around the world. The fast-food industry's rapid growth is likely to impact the business landscape.
  • Rising disposable income, rising consumer demand, urbanization, quick-service restaurants, active participation of women in this industry, and supply chain activities have already had a positive impact on the market. Other factors that have increased demand for processed potato products include the availability of potatoes, processed potato products, less stressful cooking methods, ready-to-eat infrastructure, comparatively low cost, ease of handling, and a product with a good taste. As a result, the consumption pattern of potatoes has shifted from fresh to processed. People tend to consume more potatoes because they are one of the vegetables that contain starch and proteins. The increased demand for processed potatoes, frozen and dehydrated potatoes, and potato snacks is driving Global Potato Processing Market growth.

Global Potato Processing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Potato Processing Market analysis, the expansion and recovery of restaurant chains and quick-service restaurants are expected to increase demand for potato processing, as these food services rely heavily on French fries, potato snacks, and other ready-to-cook meals. Annual sales at commercial foodservice establishments in Canada, for example, increased from USD 54,900 Million in 2020 to USD 61,400 Million in 2021, according to Restaurants Canada estimates. By 2023, the market is expected to reach pre-pandemic levels, with a total value of USD 78,600 Million. The expansion is aided further by the increasing penetration of online food delivery services, which allow restaurants to deliver food even when restrictions are imposed due to the COVID-19 pandemic.

Report Metric Details
Market size value in 2021 USD 51.76 Billion
Market size value in 2028 USD 72.34 Billion
Growth Rate 4.90%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Frozen, Chips & Snack Pellets, Dehydrated
  • Application
    • Snacks, Ready-to-cook & Prepared Meals
  • Distribution Channel
    • Foodservice, Retail
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Potato Processing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Potato Processing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Potato Processing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Potato Processing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Potato Processing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Potato Processing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Potato Processing Market was valued at USD 51.76 Billion in 2021, and it is expected to reach a value of USD 72.34 Billion by 2028, at a CAGR of 4.90 % over the forecast period (2022-2028).

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Potato Processing Market. Major firms are shifting their focus to the introduction of new products into the market. The increasing adoption of vegetarian and vegan food items in developed regions as a result of rising health consciousness and concern for animal welfare is expected to drive demand for processed potato products during the forecast period. Furthermore, ready-to-cook potato products like fries, soups, and snacks are being marketed with labels like vegan or 'organic' to increase sales. This has triggered the market and is expected to give a positive impact over the forecast period.'Lamb Weston Holdings Inc. (US)','The Kraft Heinz Company (US)','McCain Foods Limited (US)','J.R. Simplot Company (US)','Agristo NV (Belgium)','Farm Frites International B.V. (Netherlands)','AGRANA Beteiligungs-AG (Austria)','J.R. Short Milling Company (US)','Intersnack Group GmbH & Co. KG (Germany)','Idahoan Foods LLC (US)'

People's rising living standards, rapid urbanization, changing food preferences, and the attraction of fast food are all driving the demand for the Global Potato Processing Market all over the world. The demand for processed food is increasing because of the benefits and ease of no cooking, easy preservation, and storage options. As a result, it is also highly preferred by consumers. Furthermore, fast service restaurants around the world are enticing users to choose processed potato products based on their preferences.

The potato processing industry are rising in the frozen potato trade and rising demand for snack foods like potato chips and fries. However, apart from it, the rising popularity of ready-to-eat foods, as well as an increase in supply chain activities, will drive product penetration further still all around the world. The fast-food industry's rapid growth is likely to impact the business landscape.

Europe is expected to hold the largest Global Potato Processing Market share in terms of value and volume in 2021, owing to a thriving food processing industry and the presence of major companies in countries such as Germany, the United Kingdom, France, the Netherlands, and Belgium. During the forecast period, the Asia-Pacific region is expected to grow the fastest. Key players in Europe and the United States are focusing on the Asian potato processing market, which is expected to grow rapidly in the coming years.

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Global Potato processing Market

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