Potato Processing Market
Potato Processing Market Insights, Size, Share, Opportunity Analysis, and Industry Forecast
till 2025
Potato is a starchy root vegetable, which is mainly obtained from the plant Solanum tuberosum.
Potato tuber is widely processed to get a variety of food products such as chips, fries, flakes, and
other convenience food. Potato is also processed for its application as filler, binder, and adhesive by
various end-use industries such as paper, textile, and pharmaceuticals. Furthermore, processed
potato is used in animal feed and biofuels as well.
Frozen potato segment, based on product type, is estimated to dominate the potato processing
market in 2017. Frozen potato is widely used by various quick serve restaurants such as Subway,
McDonald’s, and Burger King. Urbanization, modernization, growing population, and increased per
capita spending also contribute to the growth of frozen potato segment. Fresh potato is the fastest
growing segment by product type of the potato processing market.
The global potato processing market is estimated to be valued at US$ 2,327.3 million in 2017 and is
expected to expand at a CAGR of 5.5% in terms of revenue during 2017– 2025.
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Market Dynamics
Europe is the largest potato processing market owing to high consumer preference for processed
potato products. Furthermore, many key players are investing in the potato processing industry in
the region.
Asia Pacific is the fastest growing market in terms of revenue. Urbanization, modernization,
influence of western culture, changing life style, population growth, increase in customer buying
power, availability of raw materials, and cost competitiveness are the major growth drivers for the
potato processing market in Asia Pacific.
North America is the second largest market for potato processing and is projected to witness
exponential growth over the forecast period.
The potato processing market in Latin America, Middle East, and Africa will experience a
significant growth over the forecast period.
Major Keyplayers: Agrana Beteiligungs-AG, Agristo NV, Aviko B.V., Farm Frites International,
Idahoan Foods, Intersnack Group GmbH & Co. Kg, J.R. Simplot Company, Lamb Weston
Holdings, Leng-D'or, Limagrain Céréales Ingrédients
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