This Processed Potatoes Market report offers a comprehensive assessment of the global markets by taking into consideration past, present and future trends. The report explores such aspects as trends, forecasts of share, production, and future growth. The report also highlights the new technologies and trends that players are using to propel their businesses. Profitability and product knowledge, among other things, as well as revenue and industry growth rates, end-users, etc., are all covered to give clients additional information regarding the market. The report contains historical data from 2022 and forecasts for 2023-2032 to give clients a better understanding of the industry.
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Processed Potatoes Market size is expected to be worth around USD 115.44 billion by 2022 from USD 77.54 billion in 2022 growing at a CAGR of 4.1% during the forecast period from 2023 to 2032
Market Dynamics:
The processed potatoes market has been experiencing significant growth in recent years due to the increasing demand for convenience foods, the growth of the foodservice industry, and the popularity of potato-based snacks. Here are some of the key dynamics driving the market:
• Convenience: Processed potatoes are highly popular because they are convenient and easy to prepare. Consumers are increasingly looking for quick and easy meal options, and processed potatoes fit the bill. Processed potatoes such as frozen French fries, hash browns, and potato wedges are widely available in supermarkets, making them an attractive option for busy consumers.
• Foodservice Industry: The foodservice industry is a key driver of the processed potatoes market. Fast food restaurants, casual dining chains, and other foodservice outlets use processed potatoes extensively in their menus. The increasing popularity of fast food and quick-service restaurants has fueled the demand for processed potatoes.
• Popularity of Potato-Based Snacks: Potato-based snacks such as chips, crisps, and popcorn are highly popular worldwide. The increasing demand for healthy snacks has also led to the growth of the market for baked potato chips and other healthier alternatives.
• Technological Advances: Technological advances in the processing and packaging of potatoes have led to the development of new products and improved shelf life. New processing technologies have also made it possible to produce healthier potato products with lower fat content and fewer additives.
• Fluctuating Raw Material Prices: The price of raw potatoes is subject to fluctuations due to various factors such as weather conditions, crop yields, and demand-supply dynamics. This can impact the profitability of potato processors and affect the pricing of processed potato products.
• Government Regulations: Government regulations related to food safety, labeling, and packaging can impact the processed potatoes market. Regulations related to the use of additives and preservatives can also affect the development of new potato products.
This report offers insights into the following points
• Market penetration: Comprehensive information about the market provided by key players
• Market Development: This section provides detailed information on lucrative emerging markets, and analyses penetration in mature segments.
• Market Diversification: Provides detailed information on new product launches, untapped geopolitics, recent developments and investments
• Market Trends: Provides a comprehensive understanding of the Cumulative impact of COVID-19 and the Russia-Ukraine conflict, as well as the high inflation
• Competitive Assessment and Intelligence: Provides a comprehensive assessment of market share, strategies, products (including certification), regulatory approvals, manufacturing capabilities, and patent landscape of the leading players
• Product Development and Innovation: Offers intelligent insights into future technologies, R&D activity, and breakthrough product development
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The Processed Potatoes market is dominated by the following players:
- The Kraft Heinz Company
- AGRANA Beteiligungs-AG
- McCain Foods Limited
- Lamb Weston Holdings, Inc.
- Farm Frites International B.V.
- R. Simplot Company
- Burts Potatoes Chips Ltd.
- Agristo NV
- Calbee, Inc.
- Aviko B.V.
Market Segmentation:
Segmentation by type:
- Potatoes Flakes
- Potatoes Chips
- Potatoes Starch
- Frozen French Fries
- Other (include, flour, canned Potatoes, Potatoes granules, etc.)
Segmentation by application:
- Snacks
- Ready-to-Cook
- Prepared Meals
Why you should buy this product:
• Market segmentation based on economic and non-economic criteria. Each segment and sub-segment data.
• Predict which region or segment will dominate and have the fastest growth. Perform a detailed geographic analysis to identify the consumption patterns in each region and any factors that may affect them.
• The competition landscape analysis includes rankings, product/service launches, partnerships, business expansion, and acquisitions by companies over the past five years.
• Comprehensive profiles of companies, including overviews, benchmarking, SWOT analysis, company insights, and company insights.
• Market Analysis Based on the Latest Developments. This includes Porter’s Five Forces analysis: A detailed evaluation of the market, Market Insights through the Value Chain.
• Understand the market dynamics to identify growth opportunities in the next few years
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