Industry Background:
The production of potato granules involves peeling, cooking and drying the potatoes, after which they are reduced to granules of one or few cells each, there are also some preservatives used to prolong its shelf life. It is one of the dehydrated potato products available in a fine powder that can be mixed with the boiling water to make food similar in the texture and taste of mashed potatoes. The potato granules are used as a binding and thickening agents in dry mixes, they can be used to cook direct food as well.
According to AMA Research, the market for Potato Granules is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by The increasing growth in the consumer lifestyle, disposable income, and demand for the convenient and easy to prepare food have led to the increasing demand for packaged potato products. Potatoes are the world's major food crop that is consumed widely around the globe..
Attributes | Details |
---|
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 AgraWest Investments Ltd. (Canada), Emsland Group (Germany), Deli Food BV (Netherlands), Idaho Pacific Corporation (United States), Mydibel (Belgium), Aviko (Netherlands), Engel Food Solutions (Germany), Prairie Gold Produce Ltd (Canada) and Solan S.A. (Poland), 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
In October 2019, Mydibel announced its expansion of a new processing factory in Mouscron Belgium, According to the press report, the construction of the new plant is part of the companies' strategy of sustainable development. The factory expansion is expected to start its operation this year and has planned to produce chilled pre-fried fries, the new project will be located next to Gramybel, the plant producing potato granules and flakes, on the site Anne Franck street in Mouscron.
Regulatory Insights:
"European Potato Processors' Association (EUPPA) members dwell on innovation and collaboration with the European potato breeders to use new potato varieties, which are ideal for better potato products, focusing on shape, colour and taste, and providing answers on issues such as yields and disease resistance. Also, new product innovation is essential to ensure consumer trends and demands are met, whilst guaranteeing high-quality products. The potato processing sector is strengthening the European potato chain, including primary production, trade, providers of machinery and equipment, and services. The European potato processing industry plays a leading global role in food safety and good environmental practices. EUPPA members also invest in machinery that can make the best use of raw materials without wasting it."
Influencing Trend:
Emerging Number of Production Facilities for Processing of Potato Products Like Potato Granules, Increasing Demand for Potato Granules in Bakery Products and Surging Use of Potato Granules as Substitutes in many Food Products
Market Growth Drivers:
The increasing growth in the consumer lifestyle, disposable income, and demand for the convenient and easy to prepare food have led to the increasing demand for packaged potato products. Potatoes are the world's major food crop that is consumed widely around the globe.
Challenges:
Concerns Related with the Companies with Low-Quality Products
Restraints:
Cost Factor Associated with the Potato Granules and Other Potato Products and Risk of Side Affects Involved with Consumption of Potato Granules Might Hamper the Market
Opportunities:
Rising eCommerce Platform will Boost the Potato Granules Market and Technological Advancements in the Production of Potato Granules will Lead to Market Growth
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 Granules 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 Granules 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 Granules 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 Granules Study Sheds Light on
The Potato Granules Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Potato Granules industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Potato Granules 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.