The Potato Processing Market Is Predicted To Reach USD 33.06 Billion With A CAGR Of 5.56% According To Market Data Forecast Report.

The Potato Processing Market Is Predicted To Reach USD 33.06 Billion With A CAGR Of 5.56% According To Market Data Forecast Report.

ID: 6126 | April 2018 | Region: Global

The Potato Processing Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Potato Processing Market is estimated to be USD  25.22 billion in 2018 and predicted to rise to USD 33.06 billion by 2023 with a CAGR of 5.56%. The market is divided by Type (Chips and Snack Pellets, Frozen, Dehydrated and Other Types), by Application (Ready to Cook and Prepared Meals, Snacks and Other Applications), by Distribution Channels (Foodservice and Retail). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The driving factors of global Potato Processing market are 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.

The global Potato Processing market is segmented based on type into chips and snack pellets, frozen, dehydrated and other types. On the basis of application, the market is divided into ready to cook and prepared meals, snacks and other applications. By distribution channel, the market is categorised into foodservice and retail. Among the distribution channels, foodservice segment has the largest share. Frozen segment is the largest market share holder in the potato processing market, owing to factors such as lesser time required for preparation of meals and growing preference of consumers for convenience foods.

The Global Potato Processing market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. Asia Pacific has the largest market for potato processing in the world, owing to factors such as high population and huge potato production in the region. North America and Europe hold second and third positions in the world by share respectively.

Some of the major players in the market are Lamb Weston Holdings, Inc. (U.S.), The Kraft Heinz Company (U.S.), J.R. Simplot Company (U.S.), McCain Foods Limited (U.S.), Agristo NV (Belgium), Farm Frites International B.V. (Netherlands), J.R. Short Milling Company (U.S.), Intersnack Group GmbH & Co. KG (Germany), Idahoan Foods, LLC (U.S.), AGRANA Beteiligungs-AG (Austria), and Aviko B.V. (Netherlands).

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