Pune, India, April 11, 2023 (GLOBE NEWSWIRE) -- The global dehydrated potato market size was USD 5.43 billion in 2021 and is projected to grow from USD 5.71 billion in 2022 to USD 8.95 billion by 2029, exhibiting a CAGR of 6.63% over the estimated period. The surge can be attributed to a range of factors such as an escalation in product popularity due to longer shelf life.
Fortune Business Insights™ provides this information in its research report, titled “Dehydrated Potato Market, 2022-2029”.
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List of Key Players Profiled in the Dehydrated Potato Market Report:
- McCain Foods (U.S.)
- Basic American Foods (U.S.)
- Lamb Weston (U.S.)
- Idahoan Foods (U.S.)
- Pacific Valley Foods (U.S.)
- Augason Farms (U.S.)
- Idaho Supreme Potatoes (U.S.)
- Birkamidon Rohstoffhandels GmbH (Germany)
- J.R. Short Milling (U.S.)
- Rixona B.V. (Netherlands)
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast CAGR | 6.63% |
| 2029 Value Projection | USD 8.95 Billion |
| Dehydrated Potato Market Size in 2022 | USD 5.71 billion |
| Historical Data | 2018-2020 |
| No. of Pages | 156 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
|
| Regions Covered |
|
| Dehydrated Potato Market Growth Drivers | Increasing Demand for Ready-To-Eat Products to Drive the Market for Convenience Foods |
| Rising Applications in the Processed Food Industry to Fuel Product Demand |
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Segments:
Powder Segment Share to Surge Owing to Rising Demand in Food Services
Based on form, the market is subdivided into powder, dices, flakes, shreds, and others. The powder segment is estimated to record appreciable expansion throughout the forecast period. The rise can be credited to the soaring product usage in food preparations such as ready-to-eat meals, bakery products, and other dishes.
Conventional Potatoes Segment to Gain Traction Driven by Affordability
On the basis of nature, the market is segmented into conventional and organic. The conventional segment is poised to register considerable growth over the study period. The surge can be attributed to the extensive range of product applications in commercial food service applications.
Food Services Segment to Register Notable Growth Considering the Easy Availability in All Seasons
Based on distribution channel, the market for dehydrated potato is fragmented into retail channel and food services. The food services segment is slated to depict commendable growth over the analysis period. The escalation is being driven by the expansion of food delivery channels.
On the basis of geography, the market has been analyzed across Europe, Asia Pacific, North America, South America, and the Middle East & Africa.
Report Coverage:
The report delves into the major trends favoring the business landscape across various regions. It further gives an insight into the vital steps taken by leading companies for reinforcing their position in the market. Some of the other initiatives include mergers, acquisitions, and the development of new products.
COVID-19 Impact:
Industry Value Increased Due to Growing Sales of Processed Foods
The coronavirus pandemic registered an increase in the demand for frozen and processed foods. These included instant mashed potatoes, frozen fries, dehydrated potato products, and others. The pandemic further escalated the sales of processed foods via online and e-commerce grocery platforms.
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Drivers and Restraints:
Market Share to Rise Owing to Escalating Demand for Ready-to-Eat Products
One of the key aspects impelling the dehydrated potato market growth is the rising demand for ready-to-eat products. The industry expansion can be attributed to the escalating urbanization and increasing Gross Household Disposable Income (GHDI).
However, the industry expansion could be hindered by supply chain bottlenecks and the fluctuating prices of raw material.
Regional Insights:
Asia Pacific to Emerge as a Leading Region Owing to Increasing Product Usage
The Asia Pacific dehydrated potato market share is expected to register a notable expansion over the forecast period. The surge can be attributed to the presence of instant potato manufacturers and the escalating product usage as a thickener for stews and sauces.
The North America market is slated to expand at an appreciable CAGR over the estimated period. The rise is being credited to the increasing consumption of instant salads and soups in the market.
Competitive Landscape:
Major Manufacturers Ink Partnership Agreements to Propel Business Growth
Leading dehydrated potato companies are focused on the adoption of a series of strategic initiatives such as the formation of alliances, merger agreements, and others. These steps are being taken for the consolidation of industry presence. Some of the other initiatives include growing participation in trade conferences.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Market Overview of Related/Parent Market
- Industry SWOT Analysis
- Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- Supply Chain/Value Chain Analysis
- Market Analysis and Insights (in Relation with COVID-19)
- Impact of COVID-19 on the Market
- Supply Chain Challenges due to the Pandemic
- Potential Opportunities Due to COVID-19
- Global Dehydrated Potato Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Form (Value)
- Flakes
- Powder
- Dices
- Shreds
- Others
- By Nature (Value)
- Organic
- Conventional
- By Distribution Channel (Value)
- Food Services
- Retail Channel
- By Region (Value)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Form (Value)
- North America Dehydrated Potato Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Form (Value)
- Flakes
- Powder
- Dices
- Shreds
- Others
- By Nature (Value)
- Organic
- Conventional
- By Distribution Channel (Value)
- Food Services
- Retail Channel
- By Form (Value)
- Europe Dehydrated Potato Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Form (Value)
- Flakes
- Powder
- Dices
- Shreds
- Others
- By Nature (Value)
- Organic
- Conventional
- By Distribution Channel (Value)
- Food Services
- Retail Channel
- By Form (Value)
TOC Continued...!
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Key Industry Development:
September 2020 – Aviko B.V. secured a plant from Unilever in Germany. The acquisition would help process potatoes into branded products such as gnocchi, dumplings, mashed potatoes, instant snacks, and other products.
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