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Potato Processing Market Size

Report ID: GMI5654
Published Date: May 2023
Report Format: PDF

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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.

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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.

Potato Processing Market Report Attributes
Report Attribute	Details
Base Year:	2022
Potato Processing Market Size in 2022:	USD 35.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.6%
2032 Value Projection:	USD 61 Billion
Historical Data for:	2018 to 2022
No. of Pages:	220
Tables, Charts & Figures:	229
Segments covered:	Product, Application, Distribution Channel
Growth Drivers:	Increasing consumption of convenience and processed food products. Higher demand for frozen potato products from hotels, restaurants, and QSRs.

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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.

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.