The global Potatoes market reached a volume of about 381 million tonnes in 2021. The industry is projected to grow at a CAGR of around 1.30% in the forecast period of 2022-2027 to reach a value of about 410 million tonnes by 2027.
The global potatoes industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is primarily driven by the product's popularity as a staple food item. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
The potato is a root vegetable made up of a starchy tuber from the plant Solanum tuberosum. The starchy edible tubers of the plant are the reason for its cultivation. One of the world's most important food crops is the potato. Potatoes are normally dished up whole or squashed as a cooked vegetable, and they are also treated into potato flour, which is utilised in baking and sauce thickening. Vitamin C, protein, thiamin, and niacin are all found in the tubers, highly digestible. The Potatoes industry report comprises segments by region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
The Asia Pacific holds a significant share of the industry as China is now the world's leading potato grower. In Chinese families and restaurants, fresh potatoes are devoured. Due to rising urbanisation, there is an expanding middle-class population, which has led to the appeal of potato goods since this group is more drawn to Westernized food. Furthermore, the Chinese government wants to boost potato crop output since it is more profitable per acre than any other main crop. In addition, India's potato output has increased steadily. This is due to an increase in potato consumption in the country due to increased industrialisation and women's engagement in the labour market, which produced a desire for processed, ready-to-eat convenience food, particularly in metropolitan areas.
Potatoes are one of the staple food items consumed by many worldwide and offer several benefits over other food crops, including ease of storage, high yield, minimal planting requirements, a large growing area, and high nutritional content. As a result, Potatoes are a good crop for the processed food business, driving the market growth. In addition, the food item is also used to turn into potato food and food components, fed to cattle, pigs, and chickens, and turned into starch for the industry furthering the industry's demand.
The global Potatoes industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Potatoes regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The potato may reach a height of 100 cm. The starch produced by the potato plant's compound leaves is transported to the ends of its subterranean stolons as the plant grows. Near the soil they break the surface, and the stems stiffen and grow a few or as many as 20 tubers. The quantity of tubers that mature is determined by the soil's amount of moisture and nutrients. Tubers come in various shapes and sizes, weighing up to 300 g (10.5 oz) apiece. The plant's leaves and stalks die down to the soil level towards the conclusion of the growing season, and its young tubers separate from their stolons. The tubers then act as nutrition storage, allowing the plant to survive the winter and develop and reproduce later.
The industry is witnessing growth due to the various applications of potatoes. Frozen potatoes, including most French fries, are consumed globally and are widely available in restaurants and fast-food outlets. Dehydrated potato flakes are utilised in mashed potato products sold in stores, as snack components, and even as a culinary additive. Likewise, another dried product is potato flour, which binds meat combinations and thickens gravies and soups. It's used in cake mixes, dough, biscuits, and ice cream as a thickening and binding agent in sauces and stews. Hence, the many ways to consume the food item are likely to impact the market positively.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The private sector is driving most of the advances in the European and North American potato value chains. When it comes to seeking effective collaborations in the projected term, these markets are likely to offer attractive chances for newly developed value chains.
1. Executive Summary
2. Potatoes Industry Snapshot
2.1. Potatoes Market Outlook
2.2. Regional Overview
2.2.1. North America
2.2.3. Asia Pacific
2.2.4. Latin America
2.2.5. Middle East & Africa
3. Impact of Recent Events
4. Potatoes Value Chain Analysis
5. Potatoes Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Potatoes Cost Structure
9. Potatoes Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Potatoes Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Grünewald Fruchtsaft GmbH
14.2. Aconcagua Foods S.A.
14.3. Favourita International
14.4. Interaust Foods Pty Ltd
14.5. McCain SA
The global Potatoes market size reached a volume of about 381 million tonnes in 2021.
The industry is projected to grow at a CAGR of around 1.30% in the forecast period of 2022-2027.
The significant demand for the commodity as a staple food item is one of the essential drivers of the Potatoes market growth.
Grünewald Fruchtsaft GmbH, Aconcagua Foods S.A., Flavour-ita International, Interaust Foods, and McCain South Africa are some of the key players in the market.
The Asia Pacific region of the Potatoes industry holds a significant share in the market.
The global Potatoes market attained a volume of about 381 million tonnes in 2021, driven by the rising consumption of the product due to its number of benefits over other food crops, including ease of storage, high yield, minimal planting requirements, a large growing area, and high nutritional content. In addition, they are also used to turn into potato food and food components, fed to cattle, pigs, and chickens, and turned into starch for the industry furthering the industry's demand. Aided by the wide range of uses of the product like frozen food items, Dehydrated potato flakes, and potato flour, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 1.30%. The market is projected to reach a volume of about 410 million tonnes by 2027. Some of the leading players in the industry are Grünewald Fruchtsaft GmbH, Aconcagua Foods S.A., Flavour-ita International, Interaust Foods, McCain South Africa.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global nutmeg market reached a value of about 134 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 4.5% in the forecast period of 2022-2027 to reach a value of around 167 thousand tonnes by 2027.Read More
Email Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.Read More
Email Delivery Price: $ 999.00
The global Artificial Intelligence Market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.Read More