Industry Background:
Potato Biscuits are made from potatoes. These are available in various types of flavors. Companies operating in Asia Pacific regions are heavily investing in this segment. According to the industry experts, these products can source from both the biscuits market and the salted snacks market. By investing in these companies can cater to the two largest categories in the food industry. The companies in the FMCG are gaining popularity in India. The companies operating in this industry are heavily focusing on advanced packaging technology.
According to AMA Research, the market for Potato Biscuits is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Advancement in Packaging Technique
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as ITC Limited (India), Britannia (India), Surya Food & Agro Limited (India), Unibic Foods (India), Pran-Rfl Group Ltd. (Bangladesh), Wheafree (India), Orion (India), Vietnam Libra Company Limited (Vietnam), Shantou Yixin Foods & Drinks Co., Ltd. (China) and Guangdong SLG Foods Technology Co., Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2021, A Ferrero-related company has confirmed an agreement worth a reported USD 360 million to acquire British business Burton’s Biscuit Company from Ontario Teachers’ Pension Plan Board.
In July 2021, Britannia announced the launch of ‘5050 Potazos’, a potato-based biscuit. It is thin crispy and delivers the familiar ‘masaledar’ flavors of a potato chip in a biscuit format. Through this, the company becomes more competent in this industry.This industry is witnessing an increasing number of new market entrants. Market key players are focusing on advanced digital technologies, improving efficiency, and other services. Market growth opportunities are captured by tracking the ongoing technological advancement, services development, and others.
Influencing Trend:
Growing Popularity in Asia Pacific Regions and In India, Major Market Share Is Covered By Three Major Brands Including ITC, Britannia, and Parle Hold More Than 70 Percent Market Share
Market Growth Drivers:
Advancement in Packaging Technique and Increase in Shift from Other Snack to Biscuits
Challenges:
Less Demand in North America Regions
Restraints:
Continuous Changes in Consumer Preference, Fluctuation in the Cost of Raw Materials, Changes in Retail Landscape Become a Growth Hampering Factor, Slowdown in Economy and Unanticipated Business Disruption
Opportunities:
Increase in Transformation of Purchasing Behavior from Retail to Online Platform Because of Coronavirus Pandemic
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Potato Biscuits Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Potato Biscuits Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Potato Biscuits players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Potato Biscuits Study Sheds Light on
The Potato Biscuits Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Potato Biscuits industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Potato Biscuits industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.