According
to newly published report by Transparency Market Research, titled 'Dried
potatoes Market: Global Industry Analysis and Opportunity Assessment
2018-2027', the overall revenue generated from the global dried
potatoes market is anticipated to be valued at somewhere
around US$ 2,484.4 Mn in 2018, which is expected to rise at a CAGR of 3.5%
throughout the forecast period (2018-2027).
Potatoes is
one of the most popular dried vegetables usually popular as flakes and also
consumed as snacks. According to FAO data, less than 50% of potatoes are
consumed fresh and rest is processed to value-added products and dried
potatoes. Dried potatoes have a plethora of applications in the food processing
industry and food service industry and retail use. In the global dried potatoes
market, North America accounts for the highest consumption of dried potatoes
owing to factors like urbanization, increased working women population. In
addition, North America also holds a major share in dried potatoes production.
According to our research, it is estimated that North America holds 28.1% of
value share in the global dried potatoes market over the forecast period. The
increased presence of dried potatoes producers in developing economies has made
the dried potatoes market more competitive by more convenient delivery of their
products, innovative product launch, and global expansion, high quality
certified products in the dried potatoes market. Some of the key players
operating in the global dried potatoes market are Kiremko B.V., Naturex S.A.,
Olam International, Symrise AG, Mercer Foods, LLC. Limited, and others.
Food manufacturers and food service providers are showing their keen
interest in using dried potatoes, which is expected to fuel the demand for
dried potatoes in the coming future.
Growth
in Demand for Convenience Food
The
convenient food products quest is flourishing due to the increased value of
time and increased disposable income. Busy lifestyle and hectic schedule led
people to seek convenient food products which are easy to use, ready to eat,
fast in cooking and longer shelf life. The potatoes can be dried by various
advanced drying techniques which enables it to fulfill the criteria for
convenient food products.
Some of the
most favored vegetables in the dehydrated format are onions, broccoli,
potatoeses, and tomatoes, which have wide availability and easy-to-cook
features. Most of the vegetables can be processed with the help of dehydration
technology, which preserves the nutritional contents and maintains the texture
and taste of the vegetable for a longer period of time. These features increase
the market due to the convenience factor.
Robust
growth of food processing industry is also fueling the demand for dried
potatoes owing to its multiple uses in the processed foods. Many new players
are also showing their interest in dried potatoeses due to the increasing
demand for convenient food products. Due to increasing demand the dried
potatoeses, are widely occupying the aisle at hypermarkets, supermarkets,
retailers and in households also.
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Increasing Consumption of Processed
Potatoes
Changing
potatoes consumption pattern among the population is gaining the attention of
manufacturers to bring dried potatoeses in their product portfolio. According
to FAO data, less than 50% of potatoeses are consumed fresh and rest is
processed to value-added products and dried potatoes. Increasing attractiveness
of processed potatoeses among the consumers due to its wide application in
various dishes and culinary, owing to its binding and thickening ability in
food products. The high starch content of dried potatoes gained the attention
to use dried potatoes powder as a binding agent in processed meat. In addition,
dried potatoeses are also used as a thickening agent in soups and other food
products.
More Trending Reports
Key Manufacturers of Dried Potatoes
This report
consists of dried potatoes market detailed insights into the current market
drivers, trends, opportunities which potentiate the dried potatoes market to
flourish in the forecast period. In addition, this report also consists
competitive landscape of prominent market players in dried potatoes market to
provide a comparative and comprehensive dashboard. This report also focused on
key strategies, recent development and key offerings of these manufacturers.
Global Dried Potatoes Market:
Competition Dashboard
TMR has
profiled some of the key players active in the global dried potatoes market,
such as Naturex S.A., Patwary potatoes flakes Ltd., Olam International, Kiremko
B.V., Symrise AG, Mercer Foods, LLC., Montagu Dried Potatoes And Nuts (Pty) Ltd
, Traina Dried Vegetable Inc., Greek Dried Vegetable S.A., A California Corporation,
Geobres Nemean Currants and Sultana Raisins S.A., and others.
Global Dried potatoes Market: Key
Insights
Robust
supply chain and increased market penetration of global players involved in
dried potatoes processing are also putting a deep impact on the increasing
sales of the dried potatoes in the global potatoes market. In addition, many
new companies are showing their interest to bring dried potatoes in their
product line.
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