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Global Dehydrated Potato Market Distribution Channel was valued at USD 5.7 Billion in 2022. The Dehydrated Potato market industry is projected to grow from USD 6.5 Billion in 2023 to USD 10.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.60% during the forecast period (2023 - 2032). Growing applications in the processed food industry and rising demand for products that are ready to eat, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The increased popularity of convenience foods is a result of the rise in demand for ready-to-eat (RTE) food items. Convenience foods can help consumers prepare meals, cook them, and complete their post-meal responsibilities more quickly and easily. Spending on processed and ready-to-eat food items has increased due to rapid urbanization and rising gross Household Disposable Income (GHDI) of consumers. Consumption of convenience foods increased as a result of evolving consumer tastes, an improved consumer lifestyle, longer workdays, and the COVID-19 outbreak. As a result, there is an increase in demand for these food items. As a result, producers of potato products participate in a variety of business ventures that support market growth. Iscon Balaji Foods, for instance, intended to triple its contract farming activities in Gujarat (India) beginning in May 2022 in order to increase the production of dehydrated flakes and other potato products. The company introduced three new varieties of European potatoes in an effort to satisfy the market's expanding demand for such products.
The industry has seen tremendous growth as a result of a rise in demand for its uses in baked goods, sauces, soups, and other processed food items. These dried potatoes are advantageous for cooking because of a variety of factors. Dehydrated potato flakes or granules, for instance, work well as a base thickener for creating soups and gravies. These potatoes can be used in place of gluten-containing foods for those who have celiac disease or another ailment related to gluten.
The processed food sector is the key driver of the product's rising demand because of its longer shelf life and year-round availability. Consumption of processed foods high in nutrition is increasing, which has contributed to the market's steady growth in recent years. The Food and Agriculture Organisation (FAO) reports that less than 50% of potatoes are consumed fresh, with the remainder being processed into value-added products including dried potatoes. The growing demand for dehydrated and processed potatoes in the global processed food and beverage industry is predicted to create sizable market potential. Thus, driving the Dehydrated Potato market revenue.
The global Dehydrated Potato market segmentation, based on Nature, includes organic and conventional. The conventional segment dominated the global market in 2022. Commercial vendors now provide dried potatoes in their most natural state due to the product's many uses. It is projected that the conventional category would account for a sizeable percentage of the worldwide market. Because conventional goods are less expensive, consumers prefer them to organic ones. Traditional potatoes are purchased in big quantities since they are primarily used in commercial food service operations. Since conventional potatoes are typically more expensive than organic ones at retail, the conventional sector is growing more quickly.
The global Dehydrated Potato market segmentation, based on Distribution channels, includes food services and retail channels. The food services segment dominated the global Dehydrated Potato market in 2022. The category of food services includes lodging facilities, dining establishments, fast food outlets, cafeterias, and other businesses. Within the food service business, the importance of product demand has expanded with the growth of food delivery methods. Rising national and international brands of full-service and quick-service restaurants are what are driving the demand for the goods. Due to modern trade, use in commercial and industrial applications, and other retail forms, dehydrated items are also freely available, supporting the market's expansion.
The global Dehydrated Potato market segmentation, based on Form, includes flakes, powder, dice, shreds, and others. The powder segment dominated the global market in 2022. Potato powder is widely used as a thickening agent in a range of food preparations, such as baked goods, ready-to-eat meals, and other dishes. Recently, convenience foods and prepared goods have grown in importance. In this environment, potato powder will gain popularity as a widely used product. Due to the rising food market, this product has a lot of promise and possibility for expansion. Additionally, when used in place of gluten-free flour, it works fantastically as a replacement for wheat flour. Although it is primarily employed in the food service industry at the moment, household acceptance is growing as a result of its use in dishes like soups, gravies, and curries.
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By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The Asia Pacific Dehydrated Potato market dominated this market in 2022 (45.80%). Quick potato producers anticipate significant contributions from the region. Chinese and Indian companies are expected to hold the largest market shares in the region. For farmers in hilly areas with poor soil, potatoes are a significant produce that is grown for both a source of income and as a staple food in many countries. Dehydrated potato flakes are utilized as a snack ingredient in commercial mashed potato products, while potato flour is used to bind meat mixtures and thicken gravies, and soups. The increasing use of potato starch as a thickener for sauces and stews and as a binding agent in dough, biscuits, and cake mixes is driving up demand for the product in the region. Moreover, In the Asia-Pacific region, the Indian Dehydrated Potato market had the quickest rate of growth while China's Dehydrated Potato market had the greatest market share.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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The North America Dehydrated Potato Market is expected to register significant growth from 2023 to 2032. The U.S. processed food industry is rapidly growing, which also helps the local market grow. The U.S. holds the largest market share in the region as the consumption of quick soups and salads rises. Modern methods, tools, and strict regulations are used by the processors to maintain the fresh-potato texture and flavour in the rehydrated product. American potato manufacturers provide a variety of clean-label, dehydrated options in response to consumers' growing concerns about contaminants. Further, In the North American area, the U.S. Dehydrated Potato market had the biggest market share, while the Canada Dehydrated Potato market had the quickest rate of expansion.
Europe Dehydrated Potato market accounted for the healthy market share in 2022. The U.K. is predicted to overtake other countries due to the growing demand for prepared foods and snacks as well as the growth of the fast-food industry in the region. The rise in the number of working people has fueled the demand for convenience foods and supported the expansion of this sector of the economy. Further, In the European region, the German Dehydrated Potato market had the biggest market share, and the U.K. Dehydrated Potato market had the quickest rate of growth.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Dehydrated Potato market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Dehydrated Potato sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Dehydrated Potato sector. Major players in the Dehydrated Potato market, including McCain Foods, Basic American Foods, Lamb Weston, Idahoan Foods, Pacific Valley Foods, Augason Farms, Idaho Supreme Potatoes, Birkamidon, Rohstoffhandels GmbH, J.R. Short Milling, and Rixona B.V., are attempting to increase market demand by investing in research and development Natures.
McCain Foods Ltd. (McCain) produces and sells frozen potato products. The company's product line consists of a variety of potato-based items, frozen-fresh potato products, appetizers, pizzas, green bean fries, frozen fruits and vegetables, and desserts. Additionally, it develops and distributes potato seeds in addition to fertilisers. McCain provides goods to restaurants, grocery stores, supermarkets, hypermarkets, department stores, and retail venues. In addition to providing normal freight, warehousing, and distribution services for agricultural products, it works in partnership with grower partners and suppliers to obtain potatoes. The company conducts business across the Americas, Europe, Asia-Pacific, the Middle East, and Africa. The corporate headquarters of McCain are located in Toronto, Ontario, Canada. In September 2021, McCain Foods Limited, a significant Canadian frozen food company, invested USD 20 million at its Béthune facility.
Produced and sold are frozen potato products by Lamb Weston Holdings Inc. (Lamb Weston). The company's product line includes fries, sweet potato fries, different potato items, and appetizers. Products from Lamb Weston are offered in a variety of formats, including straight, sliced, diced, and mashed. The company sells its products under a number of brand names, including Lamb Weston, Lamb Weston Supreme, Lamb Weston Private Reserve, Lamb Weston Colossal Crisp, Lamb Weston Stealth Fries, Lamb Weston Seasoned, Lamb Weston Crispy on Delivery, and Sweet Things. Its products are distributed to a variety of customers, including distributors, mass merchants, supermarket and specialty shops, food service distributors, educational institutions, regional chain restaurants, independent restaurants, and convenience stores. The organization also has operations in Singapore, Japan, Australia, China, Mexico, and Canada in addition to the US. The U.S. headquarters of Lamb Weston are in Eagle, Idaho. The American food manufacturing company Lamb Weston Holdings, Inc. announced in September 2022 that it will invest USD 240 million in a new French fry processing line in Argentina.
· McCain Foods
· Basic American Foods
· Lamb Weston
· Idahoan Foods
· Pacific Valley Foods
· Augason Farms
· Idaho Supreme Potatoes
· Birkamidon Rohstoffhandels GmbH
· J.R. Short Milling
· Rixona B.V.
November 2022: McCain recently completed the construction of a new flakes facility in Belgium after purchasing the potato processing company Lutosa. McCain Foods has put USD 44.7 million into the startup company.
· Flakes
· Powder
· Dices
· Shreds
· Others
· Organic
· Conventional
· Food Services
· Retail Channel
· North America
- U.S.
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
Report Scope
|
Report Attribute/Metric |
Details |
|
Market Distribution Channel 2022 |
USD 5.7 Billion |
|
Market Distribution Channel 2023 |
USD 6.5 Billion |
|
Market Distribution Channel 2032 |
USD 10.6 Billion |
|
Compound Annual Growth Rate (CAGR) |
6.60% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Form, Nature, Distribution Channel, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
McCain Foods, Basic American Foods, Lamb Weston, Idahoan Foods, Pacific Valley Foods, Augason Farms, Idaho Supreme Potatoes, Birkamidon, Rohstoffhandels GmbH, J.R. Short Milling, and Rixona B.V. |
|
Key Market Opportunities |
Increasing demand for plant based products |
|
Key Market Dynamics |
Increasing demand for ready-to-eat products and rising applications in the processed food industry |
The global Dehydrated Potato market Distribution Channel was valued at USD 5.8 Billion in 2022.
The global market is projected to grow at a CAGR of 6.80% during the forecast period, 2023-2032.
Asia Pacific had the largest share in the global market
The key players in the market McCain Foods, Basic American Foods, Lamb Weston, Idahoan Foods, Pacific Valley Foods, Augason Farms, Idaho Supreme Potatoes, Birkamidon, Rohstoffhandels GmbH, J.R. Short Milling, and Rixona B.V.
The Powder Form dominated the market in 2022.
The Conventional Nature had the largest share in the global market.
Report Code :
RL65156
Published on :
Sep 2023
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