What is Potato Flour Market?
Potato flour is ground from whole peeled and trimmed potatoes. It is obtained by cooking, drying and grinding whole potatoes. It attracts and holds water, producing moist yeast bread with an excellent shelf life which is used in baking to increase water absorption or bind ingredients. The potato flour manufacturers may add preservatives to keep it fresh and to extend its shelf life. A large number of fresh potatoes are cold stored for use in the offseason. Potato flour is a highly versatile raw material that is used in numerous processed food products.
The market study is being classified by Type (Industrial Grade, Food Grade and Other Grade), by Application (Food Industry, Paper Industry, Textile Industry, Feed Industry and Other Applications) and major geographies with country level break-up.
Royal Avebe U.A. (Netherlands), King Arthur Flour (United States), Roquette (France), Emsland Group (Germany), Keystone Potato Products, LLC (United States), Lyckeby (Sweden), Raisio (Finland), Agrana Group (Austria), Pepees S.A. (Poland) and Heilongjiang Beidahuang Rice Industry Group Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nailun Group (China), Huhhhot Huaou Starch Co.Ltd (China) and Qinghai Weston Starch Processing Co., Ltd. (China).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Potato Flour market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Potato Flour market by Type, Application and Region.
On the basis of geography, the market of Potato Flour 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Demand for Potato Flour for Numerous Applications such as Processed Food Products
- Increased Shelf Life of the Potato Flour leads to Higher Demand
Market Trend
- Robust Increase in the Distribution Channels
- Increased Demand for Processed Food Products
Restraints
- Fluctuations in the Raw Material Prices
- Environmental Factors may Affect the Quality of Flour
Opportunities
- Growing Applications of Potato Flour
- Increasing Demand from End-users
- Growth in the Food and Beverage Industry
Challenges
- Availability of Substitute Products in the Market
- Worse Environmental Conditions may Affect the Potato Production
In December 2018, Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets, announced the completion of the acquisition of a majority stake in Crest Cellulose, from Pravesha Industries, a major Pharma packaging company in India.
Key Target Audience
Potato Flour Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users