Latin America Potato Processing Market

Latin America Potato Processing Market Size, Share, Growth (2022-2027)

Latin America Potato Processing Market was worth USD 3.17 billion in 2021 and is estimated to be growing at a CAGR of 5.62%, to reach USD 4.50 billion by 2027.

Latin America Potato Processing Market Overview:

Potatoes are used for a wide range of purposes, and not just as a vegetable for cooking at home. In fact, it is estimated that less than fifty percent of potatoes grown worldwide are consumed fresh. The rest are processed into potato food ingredients and food products; fed to cattle, chickens, and pigs, processed into starch for industry; and re-used as seed tubers for producing the next season’s potato crop. Fresh potatoes are boiled, baked or fried and used in a staggering range of recipes such as potato pancakes, mashed potatoes, potato dumplings, potato soup, twice-baked potatoes, potato salad and potatoes au gratin among others. But the trend of Latin American consumption of potatoes as food is shifting from fresh potatoes to processed, added-value, food products. One of the key items in that category is frozen potatoes, which includes most of the French-Fries served in fast-food chains and restaurants worldwide. The world’s appetite for factory-made French-Fries has been put at more than seven million tons a year. Another processed product, the potato crisp is the long-standing king of snack foods in a lot of developed countries. Dehydrated potato flakes are used in retail mashed potato products, as ingredients in snacks, also as food aid.

Latin America Potato Processing Market Drivers:

The driving factors of Latin America Potato Processing market are the growth in demand for applications such as prepared ready meals and snack foods and with the growth in consumer preferences for convenience foods to save efforts and time. Rise in the number of retail channels such as supermarkets and hypermarkets, quick growth of the fast food industry, industrialization policies adopted by governments of developing economies are also expected to propel the growth of the potato processing market during the forecast period.

based on type

• chips

• snack pellets

• frozen

• dehydrated

On the basis of the application,

• ready to cook

• prepared meals

• snacks

By distribution channel,

• foodservice 

• retail

Among the distribution channels, food service segment has the largest share. The frozen segment is the largest market share holder in the potato processing market, owing to factors such as lesser time required for the preparation of meals and the growing preference of consumers for convenience foods.

Latin America Potato Processing Market Regional Analysis

• Brazil

• Argentina

• Chile

• Peru

In this region, Brazil is expected to have the largest share. Factors such as growing demand for ready meals & snacks and growth of fast food industry are expected to drive the market growth in the region.

Latin America Potato Processing Market Key Players:

1. Lamb Weston Holdings, Inc. (U.S.)

2. The Kraft Heinz Company (U.S.)

3. J.R. Simplot Company (U.S.)

4. McCain Foods Limited (U.S.)

5. Agristo NV (Belgium)

6. Farm Frites International B.V. (Netherlands)

7. J.R. Short Milling Company (U.S.)

8. Intersnack Group GmbH & Co. KG (Germany)

9. Idahoan Foods, LLC (U.S.)

10. AGRANA Beteiligungs-AG (Austria)

11. Aviko B.V. (Netherlands)