Potato Flakes Market Surges at over 7% CAGR between 2019 and 2029
The global potato flakes market has expanded considerably since 2013-2018, as a result of increasing demand for processed snacks. The potato flakes market size was valued at US$ 17,103.8 Mn in 2019. Future Market Insights, a leading market research company projects that the potato flakes market will show a steady growth at 7% CAGR in terms of value in the forecast period of 2019-2029.
Frequently asked questions about the global potato flakes market
Which potato flakes products, based on the source, will lead the market?
In the present scenario, the conventional potato flakes segment holds the major share in the market. However it is predicted that in the ucoming years organic potato flakes will show a higher growth as compared to the former due to its high nutritional value.
Which end-use segment offers the most profitable growth opportunities for the market players?
Potato flakes are carbohydrate and fiber enriched food materials and are among the best sources of snacks. In terms of end use, the business to consumers segment holds high market share as compared to business to business.
What is the degree of competition in the potato flakes market?
The global potato flakes market is identified as highly organized in developed and developing economies. Key manufacturers operating in the global potato flakes market are concentrating on product launches and expanding their footprints by collaborating with regional distributors/suppliers to increase their customer base.
Which region will lead the global sales of potato flakes-products?
APEJ remains the major shareholder in the potato flakes market. However, North America is projected to show higher growth.
Which factors are driving the potato flakes market?
Potato flakes market is driven by factors such as the significant growth rate witnessed by the baby food market and increasing per capita expenditure on prepared food. Apart from these factors, the increasing demand for RTE products is fueling the demand for potato flakes.
Which trend will drive the potato flakes market in the upcoming period?
With increasing urbanization and surging purchasing power, customers are spending more on prepared, processed, and ready-to-eat food, which saves their time that is otherwise required to cook breakfasts or meals. Rising expenditure on ready-to-eat meals is one of the chief drivers boosting the potato flakes market.
Conventional Potato Flakes Hold Dominant ShareIn terms of nature the potato flakes market is segmented into organic and conventional. Of these, the demand for organic potato flakes is significantly increasing, catapulting the segment to the fore. At present conventional potato flakes hold dominance due to the increasing snacking trend, as well as increasing demand from the consumers as these snacks are preferred by the all age-groups.
Developed Countries Present Remarkable Growth Opportunities
APEJ is expected to hold the leading share that is 50.5% in the global potato flakes market in terms of value. Besides this, the market will witness considerably high demand in North America. The demand for potato flakes is considerably high in North America, which is unlikely to subside in the forthcoming years. The market in Latin America, led by Brazil, also exhibits high demand for potato flakes.
* This data is only a representation. Actual data may vary and will be available in report.
Adoption of Innovative Technologies - a Key Trend among Market Players
The global potato flakes market is mainly described by the presence of a huge number of local manufacturers. A large volume of potato flakes is produced in China where commonly medium and small enterprises are functioning. Other manufactures operating in this industry are based in Middle East, Australia, and Europe. Most of the companies are startups and constitute a marginal share in the market. The number of start-up corporations is increasing globally, specifically in Australia, and BENELUX countries where the manufacturers are adopting innovative technologies to support their products offerings.
Business-to-Consumers is expected to show a higher CAGR
Business-to-Business segment to show optimistic CAGR
Organic holds leading share
Conventional to remain top in nature segment
How Growth will Unfold
Due to the growing demand for potato flakes in bakeries, sauces, soups, ready-to-eat meals among the other processed food products, there are prospects for major market growth in the forecast years. Potato flakes are generally applicable as a base or thickener, to prepare ready-to-eat vegetable soups or gravies. Furthermore, potato flakes are widely used to manufacture texturized/extruded potato products, such as chips, snack pellets, among others. Apart from that, the potato flakes are used as a substitute of cornstarch, wheat flour that adds volume to the sauces, stews, broths, and soups. The growing demand for potato flakes in the global food industry is anticipated to fuel the growth of potato flakes market in upcoming years.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Potato Flakes Market: Global Industry Analysis 2013-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the potato flakes market offers global industry analysis for 2013-2018 & opportunity assessment for 2019–2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the potato flakes market, the growth prospects of the market are obtained with maximum precision.
Potato Flake Market Taxonomy
The global potato flakes market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Business to Consumers
- Convenience Store
- Specialty Store
- Traditional Grocery
- Online Retailers
- Business to Business
- Food Service Industry
- Food Industry
- Soups & Premixes
- Frozen Food
- Baby Food
- Meat Processing
- Animal Feed
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East
- South Africa
- Sub Saharan Africa
The executive summary of the potato flakes market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global potato flakes market.
Readers can find the detailed segmentation and definition of the potato flakes market in this chapter, which will help them understand basic information about the potato flakes market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the potato flakes market report.
The associated industry assessment of the potato flakes market is carried out in this section. The macroeconomic factors affecting growth of the potato flakes market are provided in this section and the impact of these macroeconomic indicators on the potato flakes market is analyzed. The processing overview and technological advancements in the potato flakes market is also provided.
Profit margins at each level of the potato flakes market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the potato flakes market.
The drivers and restraints impacting the growth of the potato flakes market are explained in this chapter. Opportunities and ongoing trends in the potato flakes market are also comprehensively discussed.
This chapter includes detailed analysis of the historical potato flakes market (2013-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 – 2020) and incremental opportunity for the forecast period (2019-2029).
Based on end-use, the potato flakes market is segmented into B2B and B2C. In this chapter, readers can find information about key trends and developments in the potato flakes market and market attractiveness analysis based on raw material.
Based on Nature, the potato flakes market is classified into organic and conventional. This part also offers market attractiveness analysis based on Nature.
This chapter explains how the potato flakes market is anticipated to grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East, South Africa, and Sub Saharan Africa
This chapter includes a detailed analysis of the growth of the potato flakes market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the potato flakes market in Latin America. This chapter also includes growth prospects of the potato flakes market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the potato flakes market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of Eastern Europe such as Russia, Poland, and Rest of the East Europe potato flakes market.
This chapter includes a detailed analysis of the growth of the potato flakes market in the APEJ region, along with a country-wise assessment that includes, India, China, ASEAN, Australia, New Zealand and Rest of APEJ. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the potato flakes market is expected to grow in major countries in the Middle East region such as GCC Countries, and the Rest of Middle East, during the forecast period 2019-2029.
This chapter contains information about the market growth of potato flakes in South Africa, during the forecast period 2019-2029.
This study provides the detail about the new growth prospects for the potato flakes market is the countries in the Sub Saharan region including Angola, Cameroon, Republic of Congo, Ethopia, Cote d'Ivoire, Malawi, and Rest of Sub Saharan, during the forecast period 2019-2029.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the potato flakes market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the potato flakes market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Idahoan Foods, McCain Foods Limited, Nestle S.A., Inc., Clarebout Potatoes NV, Goodrich Cereals, Lamb Weston Holdings, Inc., Iscon Balaji Foods Pvt Limited, Lutosa SA, Patwary Potato Flakes Ltd., Bem Brasil Alimentos LTDA, Rixona B.V., Agrarfrost GmbH & Co. KG, Nahr-Engel GmbH, Basic American Foods, Inc., Bob’s Red Mill Natural Foods and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the potato flakes report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the potato flakes market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits