APAC Potato Processing Market Growth and Size, Revenue, Rising Trends, CAGR Status, Challenges, Business Opportunities and Future Forecast Till 2033: SPER Market Research
Potato processing involves a variety of steps, including washing, cleaning, peeling, cutting, drying, frying, freezing, extracting starch from potatoes, removing waste bits, drying and packaging potatoes, and more. Nowadays, potatoes are the fastest growing food, and they are further processed into dehydrated potatoes. It has a significant presence in the potato processing sector. Processed potato dishes used worldwide include potato pancakes, salad, chips, French fries, flakes, and other snacks. Consumer tastes have expanded the market for processed potatoes.
According to SPER market research, ‘Asia Pacific Potato Processing Market Size- By Category, By Type, By Shape, By Packaging, By Application, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Asia Pacific Potato Processing Market is predicted to reach USD 26,580.30 million by 2033 with a CAGR of 5.51%.
Drivers:
People’s rising living standards, increased urbanisation, evolving eating habits, and the attractiveness of fast food all help to drive market demand. The advantages and convenience of minimal cooking, as well as simple preservation and storage methods, are increasing demand for processed meals. As a result, it is widely popular among consumers. Furthermore, fast food restaurants around the world encourage customers to choose processed potato products based on their preferences. Rising demand for processed foods, improved farming techniques, low-cost availability, and increased demand from Asia-Pacific regions have all helped to drive market expansion. Furthermore, increased urbanisation, rising living standards, extensive product availability, and appealing packaging are projected to drive strong product demand.
Challenges:
High storage and shipping costs, as well as high disease-related consumption, are expected to constrain market expansion. The high cost of storing and shipping processed potatoes, combined with health concerns about processed food consumption, are expected to constrain the potato processing market’s growth in the coming years. Furthermore, the use of potato chips has been linked to hypertension, cardiovascular disease, and cancer. Furthermore, excessive consumption of fried potato products increases the risk of acquiring diseases such as stroke and obesity. A study of 4,440 people aged 45 to 79 discovered that individuals who ate fried potatoes two or more times per week had twice the risk of dying young against those who did not consume fried potatoes.
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During the COVID-19 epidemic, tight lockdowns and travel restrictions had a detrimental effect on the expansion of the potato processing industry. As a result, there was less of a demand for frozen potato goods like chips and french fries. Nonetheless, the convenience and extended shelf life of packaged and processed foods in grocery stores and supermarkets have increased demand for them, which has increased the use of frozen potatoes and helped to offset losses in the food service industry.
The Asia-Pacific market for potato processing is dominated by China. The market players’ increased use of potato processing and their promotional campaigns are driving up demand for potato processing products. In addition, producers are introducing a range of potato-related items, which is increasing consumer demand. Moreover, the leading firms in the market are J.R. Simplot Company, Lamb Weston, Inc., Lutosa, Idahoan Foods, LLC, AGRANA Beteiligungs-AG, Alexia Foods, Farm Frites, HyFun Foods, and Others.
APAC Potato Processing Market Segmentation
By Category: Based on the Category, Asia Pacific Potato Processing Market is segmented as; Organic, Inorganic.
By Type: Based on the Type, Asia Pacific Potato Processing Market is segmented as; Frozen, Dried, Others.
By Shape: Based on the Shape, Asia Pacific Potato Processing Market is segmented as; Round, Shreds, Dice, Wedges, Tater Drums, Others.
By Packaging: Based on the Packaging, Asia Pacific Potato Processing Market is segmented as; Pouches, Cans, Cardboard Boxes.
By Application: Based on the Application, Asia Pacific Potato Processing Market is segmented as; Snacks Industry, Baby Food, Ready-To-Cook & Prepared Meals, Toppings and Spreads, Dough Mixtures, Bakery Products, Others.
By End User: Based on the end User, Asia Pacific Potato Processing Market is segmented as; Retail/Household, Food Service Sector.
By Region: This research includes data for China, Japan, India, South Korea, Australia, Indonesia, Others.
For More Information, refer to below link:-
Asia Pacific Potato Processing Market Outlook
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