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Potato Processing Market - By Product (Frozen Potato, Potato Chips, Potato Flakes, Starch), By Application (Snacks, Ready-to-cook & Prepared Meals), By Distribution Channel (Retail and Foodservice) & Global Forecast, 2023 – 2032

  • 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.
 

Potato Processing Market

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Furthermore, increasing global food trade and globalization have amplified the demand for potato processing. An upsurge in health consciousness and the development of healthier potato products such as sweet potato chips and baked potato chips are impelling the industry growth.
 

Growing health & environmental consciousness and fitness trends due to the health implications of consuming too many processed foods including potatoes are restraining industry progression. Potato processing also relies on natural resources such as water and energy, which has a significant environmental impact. However, rising fast-food businesses across the world will be beneficial for the business in the upcoming years.
 

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

China Potato Production, 2018-2032 (Million Metric Tons)

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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

Global Potato Processing Market Revenue Share, By Product, (2022)

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The frozen potato processing market will showcase around 4.5% CAGR through 2032, owing to the increasing demand from the food service industry to produce frozen potato products including French fries, hash brown, wedges, mashed potato, and more, which is generating significant revenues in hotels, restaurants, cafes, and quick service restaurants (QSRs). Moreover, the advantages of using frozen potatoes such as longer shelf life, various varieties, and easy availability is propelling the segment expansion.
 

The potato processing market share from the snacks segment exceeded USD 18 billion in 2022, as a result of increasing demand for convenient and portable snack options. Potato-based snacks including chips, crips, and fries cater to this requirement and can be made with healthier ingredients and cooking methods such as baked potato chips or air-fried fries. Additionally, the availability of a wide range of flavors and variety globally is boosting product adoption.
 

Global Potato Processing Market Size, 2022 & 2032  (USD Billion)

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Europe potato processing market size surpassed USD 9.5 billion in 2022, attributed to the increasing demand for convenience food in line with changing lifestyles and busy schedules such as French Fries, chips, and mashed potatoes. Moreover, the expansion of food service businesses including restaurants, fast-food chains, and other food outlets are contributing to escalated demand for food outlets. According to a survey, UK and Belgium respondents reported junk food consumption more than five times per month in early 2021.
 

Potato Processing Market Share

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

  • J. R Simplot
  • 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

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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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