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Potato Processing Market by Type, Application, Distribution Channel And Region - Global Forecast to 2022

Potato Processing Market: Global Forecast until 2022

  • August 2017
  • 155 pages
  • ID: 5076308
In this report:
Hypermarkets, supermarkets, and hard-discounters are expected to reach a value of ##,## billion USD in 2018, growing at a CAGR of ##.##% from 2013 to 2018.
According to the Eurostat, in 2015, ##.## million tons of potatoes were harvested in Europe, with the U.K accounting for almost ##.##% of this production.

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The potato processing market forecasted to grow at a CAGR (Compound annual growth rate) of 5.30 percent.

The potato processing market is estimated to rise at a compound annual growth rate of 5.30 percent from 2017, to attain ~$30.9B by 2022. The market demand for processed potato is forecasted to be on the increase, owing to Elements such as the growing demand for convenience and processed potato-based food products, and increase in distribution channels including fast service restaurants and retail stores. Increase in the industry demand for potato chips and growing demand for frozen potato products are fueling the sector demand for potato processing. Nevertheless, the industry for potato processing is anticipated to fluctuate due to its high dependency on a regular supply of potato varieties at a reasonable price for uninterrupted operations. Also, the health issues combined with the consumption of processed potatoes including obesity and diabetes, together with high costs incurred for storage and transportation can pose as a restraint for the market increase.

The snacks segment, by application, is forecasted to be the quickest-increasing segment of the potato processing market.

In terms of both value and quantity, the snacks segment is expected to grow at the maximal rate between 2017 and 2022.The rise in demand for snacks including potato chips and extruded snacks/snack pellets in urban and semi-urban areas, the competitive pricing strategies of the actors, and availability of a wide variety of flavors are factors driving their demand in both, developing and developed industries.

The robust consumption of packaged foods in regions including North America and Europe (EU) and recent product launches in the snacks segment are anticipated to rise the market demand for potato processing in the snack segment in the next years.

APAC is intended to be the quickest-rising area in the sector.

In the overall potato processing market, Asia-Pac is forecasted to be the quickest-increasing area, in terms of value importance and quantity, between 2017 and 2022.This area comprises developing economies including China and India (IN) which occupy a significant share of the overall potato processing market.

High volumes of potato production in the Asia-Pacific countries-mainly India and China-for the potato processing market, the inflow of foreign direct investments, rise in the number of mergers and acquisitions, and inexpensive labor are the main factors providing to the rise of the Asia-Pacific potato processing market. The active developments strategized by the dominating actors in EU and the U.S.A also acts as a driving factor in tapping the potato processing market in Asia-Pacific countries.

The growth in consumer demand for processed & convenience foods in the North American and European regions drive the industry demand for potato processing. The presence of different main actors, along advanced processing and packaging technologies also contribute to the growing demand for potato processing in these areas.

Distribution of primaries:

• By Company category: Tier 1 - 55 %, Tier 2 - 20.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 65.0 percent, D-level - 25.0 percent, and Others - 10.0 percent

• By Area: North America continent - 30.0 percent, Europe (EU) - 35.0 percent, Asia Pacific (APAC) - 25.0 percent, and rest of the world - 10.0 percent

The overall market for potato processing is leaded by, is monopolized by top players including Lamb Weston Holdings, Incorporated, The Kraft Heinz Company, McCain Foods Limited, J.R. Simplot Company, Agristo NV, Farm Frites International B.V., AGRANA Beteiligungs-AG, J.R. Short Milling Company, Intersnack Group GmbH & Co. KG, Idahoan Foods, Limited liability company, and Aviko B.V..

Segment Research

The potato processing market has been split on the basis of type, distribution channel, application, and area. In terms of insights, this market research has emphasized several levels of analyses - industry, market share research of top players, and organization profiles-which together comprise and discuss the basic overviews on the competitive landscape, emerging & high-growth segments of the overall potato processing market, high-growth areas, territories, and their specific regulatory policies, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get an overview of the overall potato processing market

• To get an overview of the main actors in the potato processing sector

• To benefit insights of the main regions in which the potato processing market is increasing

• To benefit knowledge of the increase of different types of potato processing

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