Sales Of Potato Flakes Size Is Expected To Grow At A CAGR Of 7% By 2031

Posted on 2022-11-04 by Fact.MR in Food & Beverage // 0 Comments

Potato Flakes Market Analysis by Nature (Organic Potato Flakes, Conventional Potato Flakes), by Sales Channel, by End-Use & Regional Forecast 2021-2031

The global potato flakes market, the market is set to surpass a valuation of US$ 12.39 Bn by the end of 2031. The potato flakes market size is expected to grow at a CAGR of 7% during the period of assessment. By 2021-end, the industry is anticipated to be valued at US$ 6.3 Bn, as per the report.

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Key Takeaways from the Market Study

By nature, conventional potato flakes to continue exhibiting high demand, yielding 40% revenue
Sales of potato flakes to especially grow across specialty stores, clocking a CAGR of 6%
U.S to emerge as the fastest growing market for potato flakes, expanding at a CAGR of 8%
India to be a high potential market for potato flakes, registering a growth rate of 7%
Germany to provide new expansion avenues for potato flakes manufacturers, registering a CAGR worth 6%
Global market for potato flakes is likely to be valued at US$ 6.3 Bn by 2021-end

“Potato flakes have sought widespread adoption in manufacturing and processing of food products, in light of its incremental filling, water- & oil-holding, and thickening attributes. Several food processing manufacturers are shifting their focus from fresh potatoes to potato flakes, in a bid to simplify production processes involved, increase productivity, and cut down manufacturing costs. Application of potato flakes has witnessed a widening trend, and culinary experts are putting constant efforts on discovering more potential applications of potato flakes,” says a lead analyst at Fact.MR.

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Competitive Landscape

The competitive landscape of the potato flakes market is shaped by product innovation and strategic mergers & acquisitions. Front runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:

In 2021, Agrico, agreed to set up a joint venture with Pune-based potato supply chain organization S.V. Agri to develop high-yield varieties uniquely suitable to India. The new joint venture, named S.V. Agrico Pvt. Ltd., will produce high-grade basic seed material under controlled conditions.
McCain Foods, a global leader in potato specialty products, announced the acquisition of Serya, a Brazilian food company. This acquisition will enable McCain to expand its boundaries in the Brazilian market. Serya provides pre-formed specialty potato products in Brazil.

Prominent Key players of the Potato Flakes market survey report:

Nestlé S.A.
Bob’s Red Mill Natural Foods Inc.
Idahoan Foods LLC
McCain Foods Limited
Rixona B.V.
Basic American Foods, Inc.
Agrarfrost GmbH & Co. KG
Patwary Potato Flakes Ltd.
Clarebout Potatoes NV
Goodrich Cereals
Lamb Weston Holdings Inc.
Iscon Balaji Foods Pvt Limited
Lutosa SA

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Key Market Segments in Potato Flakes Industry Research

Nature
- Organic Potato Flakes
- Conventional Potato Flakes
End Use
- Potato Flakes for Household Use
- Potato Flakes for Business to Business (B2B)
  - Food Service Industry
  - Food Industry
    - Soups & Premixes
    - Bakery
    - Snacks
    - Frozen Food
    - Baby Food
    - Meat Processing
- Potato Flakes for Animal Feed
Sales Channel
- Potato Flakes Sales via Hypermarkets/Supermarkets
- Potato Flakes Sales via Convenience Stores
- Potato Flakes Sales via Traditional Groceries
- Potato Flakes Sales via Online Retailers

Questionnaire answered in the Potato Flakes Market report include:

How the market for Potato Flakes has grown?
What is the present and future outlook of the global Potato Flakes on the basis of region?
What are the challenges and opportunities for the Potato Flakes?
Why the consumption of Potato Flakes highest in region?
In which year segment is expected to overtake segment?

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Key Market Segments in Potato Flakes Industry Research

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