Potato Processing Market Size & Share | Trends Forecast, 2032 (2024)

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Report ID: GMI5654
Published Date: May 2023
Report Format: PDF

Potato Processing Market Size

Potato Processing Market size was valued at USD 35.5 billion in 2022 and is anticipated to progress at over 5.5% CAGR from 2023 to 2032. The potato processing demand is fueled by strong efforts by companies on innovating new processing technology and advanced systems. This reduces production costs and increases the availability of processed potato products.

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Potato Processing Market Report Attributes
Report Attribute	Details
Base Year:	2022
Potato Processing Market Size in 2022:	USD 35.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.6%
2032 Value Projection:	USD 61 Billion
Historical Data for:	2018 to 2022
No. of Pages:	220
Tables, Charts & Figures:	229
Segments covered:	Product, Application, Distribution Channel
Growth Drivers:	Increasing consumption of convenience and processed food products. Higher demand for frozen potato products from hotels, restaurants, and QSRs.

COVID-19 Impact

Stringent lockdowns and restrictions on movement during the COVID-19 pandemic negatively impacted the potato processing market growth. This restrained the demand for French fries, potato chips, and other frozen potato products. However, the increase in packaged and processed food demand in grocery stores and supermarkets due to their convenience and longer shelf-life boosted the uptake of frozen potatoes and aided to offset losses in the food service sector.

Potato Processing Market Trends

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The rising population in China and India has pushed potato processing in the APAC region. Increasing demand for processed potatoes, favorable climate & soil conditions, and supportive government policies in China are promoting the expansion of the potato industry. China is the leading producer of potatoes in the world. As per FAO, China produced 94 million tons of potatoes in 2021, followed by India with 54 million tons.

Potato Processing Market Analysis

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Potato Processing Market Share

Some of the key players profiled in the potato processing market include:

J. RSimplot
Aviko
Farm Frites
General Mills
Bart’s Potato Company
Royal Cosun
McCain Foods Ltd
Kraft Heinz
Agristo,
Idahoan Foods.

These companies form strategic alliances and engage in new product launches to attain a competitive edge in the industry.

Potato Processing Industry News

In January 2023, Aviko, a Dutch potato processor, launched Potato Cheezz, a novel plant-based product that tastes and looks like cheese which is salt-free, fat-free, and lactose-free while also being an environmentally friendly, animal-friendly, and safe innovation. With this, the company intended to expand its product portfolio and boost its business position.
In October 2022, dairy giant Amul launched frozen potato products such as French fries and burger patty in the Indian market. This event was set to help the company expand its business in the fast-food industry and extend customer reach.

This potato processing market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Product

Frozen potato
Potato chips
Potato flakes
Starch
Others

Market, By Application

Snacks
Ready-to-cook & prepared meals
Others

Market, By Distribution Channel

Retail
Foodservice

The above information has been provided for the following regions and countries:

North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
Latin America
- Brazil
- Mexico
- Argentina
Middle East
- South Africa
- Saudi Arabia
- UAE
- Egypt

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of potato processing was surpassed USD 35.5 billion in 2022 and is set to register 5.5% CAGR between 2023 and 2032, propelled by increased commercialization and shifting lifestyle trends, particularly in developing economies.

The frozen potato segment will grow at 4.5% CAGR from 2023 to 2032, as a result of increasing demand from the food service industry to produce frozen potato products including French fries, hash brown, wedges, mashed potato, and more.

The snacks application segment exceeded USD 18 billion in 2022, owing to increasing demand for convenient and portable snack options.

The Europe potato processing market size crossed USD 9.5 billion in 2022, attributed to the expansion of food service businesses including restaurants, fast-food chains, and other food outlets in the region.

Potato Processing Market Scope

Potato Processing Market Size

Potato Processing Market Trends

Potato Processing Market Analysis

Potato Processing Market Share

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Premium Report Details

Base Year: 2022
Companies covered: 9
Tables & Figures: 229
Countries covered: 20
Pages: 220

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