Potato Processing Market to Hit USD 64.76 Billion by 2030, Growing at a Steady 5.5% CAGR

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Fast food chains all around the world encourage customers to purchase processed potato items since processed foods are in high demand because they don't need to be cooked, are easy to preserve, and offer storage choices.

Projection of Revenue Growth:

The Potato Processing Market size was valued at USD 44.52 Bn in 2023 and is expected to reach USD 64.76 Bn by 2030, at a CAGR of 5.5 %.

Potato Processing Market Overview:

Maximize Market Research, a leading business research firm, has released a comprehensive report on the “Potato Processing Market.” This report delivers an in-depth industry analysis, including business insights, demand trends, pricing strategies, and an examination of the competitive landscape, all for the forecast period.

Potato Processing Market Report Scope:

The report provides a thorough examination of the Potato Processing Market through detailed segmental analysis, market dynamics, and a competitive landscape overview. Data is sourced from both primary and secondary research methods, including government websites, news articles, and company annual reports. The study highlights key players in the Potato Processing Market, recent innovations, and notable mergers and acquisitions. Additionally, the report offers insights into the drivers, challenges, opportunities, and trends influencing the Potato Processing Market. Market size estimates are derived using a bottom-up approach, and the analysis includes a competitive assessment and key factors contributing to the market's expansion.

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Potato Processing Market Regional Insights:

With a 40% market share in 2023, Asia Pacific accounted for the highest share. The region's large number of potato farms assist to the expansion of this market segment by offering high-quality raw potatoes at competitive costs. In this region, processed potatoes are becoming more popular in diets instead of table potatoes, with frozen potatoes being in high demand. The largest importer of frozen potatoes is Japan. As the consumption of frozen potato products spreads outside of quick-service restaurants (QSRs), imports have also increased in China and South Korea. Due to rising earnings and the country's ingrained habit of snacking in between meals, the Indian snacking market is expected to increase at a volume compound annual growth rate (CAGR) of 9.8% during the projected period.

Segment Covered in the Potato Processing Market:

by Type

Frozen Potatoes
Potato Chips
Potato Flakes
Potato Starch
Others

by Distribution Channel

Foodservice
Retail

by Application

Ready to cook prepared foods
Snacks
Others

List of the Key Players in the Potato Processing Market:

1. Lamb Weston Holdings, Inc.
2. The Little Potato Company Ltd.
3. Idahoan Foods LLC
4. Agrana Beteiligungs-AG
5. Burts Potato Chips Ltd.
6. Farm Frites International B.V.
7. Intersnack Group GmbH Co. Kg
8. J.R. Short Milling Company
9. The Kraft Heinz Company
10. Aviko B.V.
11. Leng-D’ or McCain Foods Limited
12. Agristo NV
13. J.R. Simplot Company

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Key questions answered in the Potato Processing Market are:

  • What recent industry trends can be leveraged to create new revenue streams in the Potato Processing Market?
  • What are the various segments within the Potato Processing Market?
  • Who are the major companies in the Potato Processing Market, and what do their portfolios include?
  • What is the Potato Processing Market?
  • What was the historical market size of the Potato Processing Market?
  • What is the current growth rate of the Potato Processing Market?
  • What factors are anticipated to drive growth in the Potato Processing Market?
  • Who are the leading players in the Potato Processing Market?
  • What are the different segments of the Potato Processing Market?
  • What strategies are companies employing to expand their presence in the Potato Processing Market?

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