Potato Sauce Market Scope
Increasing demand for potatoes and potato products will drive the potato sauce market during the forecast period. Potato sauce is used with creamed vegetables, scalloped dishes, vegetable souffle, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Conagra Brands (United States), Del Monte Food (United States), Nestle (Switzerland), The Kraft Heinz Company (United States), Unilever (United Kingdom), GoGo Squeez (United States), Vermont Village (United States) and Musselman (United States) |
CAGR | 20.3% |
Global Potato Puree is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Potato Sauce market throughout the predicted period.
Conagra Brands (United States), Del Monte Food (United States), Nestle (Switzerland), The Kraft Heinz Company (United States), Unilever (United Kingdom), GoGo Squeez (United States), Vermont Village (United States) and Musselman (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Manzana Products (United States) and Eden Foods (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Potato Sauce market by Type , by Application (Household, Restaurant and Others) and Region with country level break-up.
On the basis of geography, the market of Potato Sauce has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2023, Simplot has entered into an agreement to acquire the business and property assets of Agronico, a seed potato producer in Tasmania, subject to regulatory approvals, including clearance from the Foreign Investment Review Board (FIRB).
As per the Food Safety and Standards Authority, “the product should be labeled with all ingredients, manufacturing and expiring date. The potato puree should be practically free from insect or their fragments, or fungal-free.”
Influencing Trend:
Growing Population and Changing Lifestyle
Market Growth Drivers:
Increasing Demand for Potato Sauce from Restaurants
Challenges:
Regulatory Guidelines on the Potato Sauce Manufacturers
Restraints:
Concerns Related to the High Carbohydrate Content in the Potatoes
Opportunities:
Rising Demand for Ready to Cook Food Materials can create Opportunities for the Potato Sauce Market Growth
Key Target Audience
Potato Puree Manufacturers, Potato Puree Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others