About Potato Processing
The potato processing market will continue to rise due to the good yield of potato across many regions of the world. The demand for potato-based snacks like french fries, increasing use in beverages and its nutritional component will continue to drive the market. The potato processing where the potatoes are converted into a variety of food products including french fries, snacks, potato granules, flakes, animal feeds, potato starch, etc. The potato starch produced is also used as a source for vodka or alcohol production.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Potato Processing market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Potato Processing Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kiremko BV (Netherlands), McCain Foods Limited (Canada), TOMRA Food (Belgium), Lamb Weston Holdings, Inc. (United States), J.R. Simplot Company (United States), Agristo (Belgium), Farm Frites (Netherlands), Agrana Group (Austria) and Intersnack Group GmbH & Co. KG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Key Technology Inc. (United States) and Tummers Food Processing Solutions (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Potato Processing market by Type (French Fries, Potato Flakes, Frozen Potatoes, Potato Chips, Potato Starch and Others), Application (Snacks, Ready-to-cook Food, Food Additives in Soups, Bakery and Beverages) and Region.
On the basis of geography, the market of Potato Processing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Potato Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Machine Operation, the sub-segment i.e. Manual will boost the Potato Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Processing Machines, the sub-segment i.e. Washing & Peeling Machine will boost the Potato Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Potato Processing for Powder and Flakes have Increased, The Rise in Sweet Potato Processing and Increasing Consumption of Snacks like French Fries
Market Growth Drivers:
Growing Demand for Potato Based Snacks and Beverages, Growing Yield of Potatoes Across the World and Rising Demand for Processed Potato Products
Challenges:
Technological Problems with Machines and Equipment of Potato Processing
Restraints:
Adverse Environmental Factors might Affect the Potato Farming Impacting Potato Processing Market and Price Fluctuations in Potato Products
Opportunities:
Increasing Investment in Machines and Equipment for Potato Processing and Rising Availability of Processed Potato Products Online
Market Leaders and their expansionary development strategies
In June 2019 Lamb Weston Holdings, Inc. announced its agreement to acquire the Ready Meals, a frozen potato processor company. According to the article, the acquisition will add approximately 70 million pounds of the production capacity to the existing manufacturing network. This acquisition is the strategic work to strengthen and expand its global capabilities.
Key Target Audience
Processed Potatoes Manufacturers, Processed Potatoes International Traders, Research and Development Institutes, Regulatory Bodies, Potential Investors, Upstream and Downstream Buyers of Processed Potatoes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.