Potato Processing Market Expected to Reach 30.85 Billion USD By 2022

1. MarketsandMarkets Presents Potato Processing Market Expected to Reach 30.85 Billion USD by 2022

2. The report "Potato Processing Market by Type (Frozen, Chips & Snack Pellets, Dehydrated), Application (Snacks, Ready-to-cook & Prepared Meals), Distribution Channel (Foodservice and Retail), and Region - Global Forecast to 2022", The global potato processing market was valued at USD 22.74 Billion in 2016 and is projected to reach USD 30.85 Billion by 2022, at a CAGR of 5.3% during the forecast period. • Browse: • 64 Market Data Tables • 39 Figures • 154 Pages and in-depth TOC on "Potato Processing Market “ • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=183608312

3. Source: MarketsandMarkets Analysis

4. The potato processing market is projected to grow at a CAGR of 5.3% from 2017, to reach a projected value of USD 30.85 Billion by 2022. Easy availability, convenient packaging, rapid urbanization, change in eating habits, and improvement in the standard of living are the major factors that have driven the global market in recent years. Other factors such as the growth in consumer preferences for convenience foods to save time and efforts, coupled with the rise in demand for applications such as snack foods and prepared ready meals, are expected to drive the growth of the potato processing market during the forecast period. The global market has been segmented on the basis of distribution channel into foodservice and retail. Potato processing have been gaining importance in the foodservice segment due to the growth of food delivery channels and increase in demand for fast food. Apart from the demand from full-service and quick service restaurants, increase in the number of national and international brands in the hotel industry is expected to drive the demand for potato products in the foodservice industry during the forecast period. Europe is estimated to occupy the largest share in the global potato processing market, in terms of value and volume, in 2017, owing to the booming food processing industry and presence of major companies in these countries such as the Germany, the U.K., France, the Netherlands, and Belgium. The Asia-Pacific region is projected to be the fastest-growing during the forecast period. Key players in Europe and the U.S. focus on tapping the potato processing market in Asia-Pacific, owing to which Asia-Pacific is expected to witness high growth in the coming years.

5. The health issues associated with the consumption of processed potato products, high acrylamide content in snack foods, coupled with the high cost incurred for storage and transportation, are the major factors restraining the growth of the potato processing market globally.  The major challenge faced by the processed potato product processors/manufacturers is to maintain a continuous or year-round supply of potato varieties at a reasonable price for uninterrupted operations. • The leading players who dominated the potato processing market include Lamb Weston Holdings, Inc. (U.S.), The Kraft Heinz Company (U.S.), McCain Foods Limited (U.S.), J.R. Simplot Company (U.S.), Agristo NV (Belgium), Farm Frites International B.V. (Netherlands), AGRANA Beteiligungs-AG (Austria), J.R. Short Milling Company (U.S.), Intersnack Group GmbH & Co. KG (Germany), Idahoan Foods, LLC (U.S.,) and Aviko B.V. (Netherlands). • Target Audience: • Suppliers • Farmers • Technology providers • Potato processing manufacturers/processors • Regulatory and research organizations • Intermediary suppliers • Traders • Wholesalers • Dealers • Retailers

6. Scope of the report: • Based on Type, the market has been segmented as follows: • Frozen • Chips & snack pellets • Dehydrated • Others (canned potato, potato granules, flour, and starch) • Based on Distribution Channel, the market has been segmented as follows: • Foodservice • Retail • Based on Application, the market has been segmented as follows: • Snacks • Ready-to-cook & prepared meals • Others (food additives in soups, gravies, bakery products, and desserts) • Based on Region, the market has been segmented as follows: • North America • Europe • Asia-Pacific • RoW (South America, the Middle East, and Africa)

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