The potato processing market size has been exhibiting strong growth in recent years. It is projected to escalate from $32.13 billion in 2024 to $33.94 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.7%. The historic growth is primarily attributed to the increasing demand for ready-to-cook meals and frozen products, a surge in the number of hotels and restaurants, increased promotional activities and social media marketing for potato processing products, and an expanded range of potato processing products.
The potato processing market size is anticipated to witness significant growth in the next few years. It is expected to soar to $43.22 billion in 2029, with a CAGR of 6.2%. The forecast period growth can be credited to the emerging demand for healthy potato products like sweet potato chips and baked potato chips, increasing global food trade, swelling global population, and increasing consciousness towards sustainability and eco-friendly practices.
Get Your Free Sample of The Global Potato Processing Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=6081&type=smp
What Factors Are Stimulating the Potato Processing Market Growth?
Rapidly changing consumer preferences, in favor of convenience foods to save time and effort, are driving the potato processing market. With consumer lifestyle, tastes, and preferences undergoing swift changes, a shift towards convenience foods is being observed due to a lack of time for home-cooked food preparation and an eagerness to experience and explore different tastes.
Processed potato products, acting as a source of daily nourishment and a time-saving option, are being increasingly adopted in convenience food. For instance, in April 2023, the National Association of Convenience Stores reported that in 2022, prepared food accounted for 67.3% of all foodservice sales while 25.6% of the average monthly in-store sales were attributed to foodservice sales.
What Are the Major Segments Within the Global Potato Processing Market?
• By Product: Frozen, Dehydrated, Chips And Snack Pellets, Other Products
• By Application: Ready to Cook and Prepared Meals, Snacks, Food Additives in Soups, Gravies, Bakery, Desserts, Other Applications
• By Distribution Channel: Food Services, Specialty Stores, Convenient Stores, Departmental Stores, Other Distribution Channels
Order your report now for swift delivery: https://www.thebusinessresearchcompany.com/report/potato-processing-global-market-report
Who Are the Major Players Operating in the Potato Processing Market?
Notable companies operating in the potato processing market include Lamb Weston Holdings Inc., The Kraft Heinz Co., McCain Foods Ltd., John Richard Simplot, Agristo NV, Key Technology Ltd., Urschel Laboratories Inc., Sormac B.V., The Little Potato Company Ltd., J.R. Short Milling Company, Agrana Beteiligungs-AG, Aviko B.V., Farm Frites International B.V., Idahoan Foods LLC, Pepsico Inc., Intersnack Group GmbH & Co KG, Calbee Inc., Kellanova Co., Old Dutch Foods Inc., Burts Potato Chips Ltd., Herr Foods Inc., Kettle Foods Inc., Snyder’s-Lance Inc., Utz Quality Foods LLC, Wise Foods Inc., Ballreich Snack Food Company, Cape Cod Potato Chips, Gibble’s Foods Inc., Zapps – Utz Quality Foods., Idaho Pacific Corporation.
What Emerging Trends Are Significant in the Potato Processing Market?
Companies operating in the potato processing market are embracing innovative technologies like E²E SteamClosure to increase profitability. E²E SteamClosure focuses on extracting moisture from potatoes and converting it into reusable water. In July 2023, Tummers – Food Processing Solutions, a Netherlands-based food processing company, launched E²E SteamClosure. This energy-efficient and sustainable option for the food processing sector could help conserve energy, reduce emissions, and improve the overall production process.
Which Region Holds the Largest Share and the Fastest Growth in the Potato Processing Market?
In 2024, Western Europe held the title for the largest region in the potato processing market. However, Asia-Pacific is forecasted to be the fastest-growing region in the coming years.
What Does The Potato Processing Market Report 2025 Offer?
Potato processing refers to the transformation of raw potatoes into various products such as chips, fries, and mashed potatoes. Improvements in shelf life, flavor enhancements, and the generation of convenient food options for consumers are just a few of the benefits.
The Potato Processing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the Exclusive Report Now to Unlock Valuable Market Insights: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6081
Contact Information:
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model