Potato is an essential crop which is widely used in the food processing industry and the retail sector in various food products and cuisines. Dried potatoes is a result of the removal of water from the crop. The potatoes is dried using several drying methods including air drying, drum drying, spray drying, freeze drying, and vacuum drying. Drying and water removal helps in extending the shelf life of the potatoes and increases its usability while maintaining the texture and taste of the potatoes. In terms of value, the global dried potatoes market is expected to reach a market value of US$ 3368.4 Mn by the end of 2027, with an anticipated CAGR of 3.5% over the forecast period. The global dried potatoes market is expected to reach volume production of 9,675,519 MT in 2027.
Growth in Demand for Convenience Food Drives the Market for Dried Potatoes
Busy lifestyle and hectic schedule are making consumers seek convenient food products which are easy to use, ready to eat, fast in cooking and convenient for extended storage. There are a number of vegetables which are dried and used to provide consumers easy and ready to eat food choices. The potatoes are a popular dried vegetable which can be dried by various advanced drying techniques thus enabling it to fulfill the criteria for convenient food products. The convenient food products quest is flourishing due to the increased value of time and increased disposable income which is leading to the growth of dried potatoes market.
Rapidly Increasing Food Processing Industry
Robust growth in the food processing industry is also fueling the demand for dried potatoes owing to its multiple uses in the processed foods. Dried potatoes has made consumers enjoy flavorful and tasty food, which devour less time for preparation. The increasing demand for processed foods like snacks, functional flour, meat products, and others has led to in rising demand for dried potatoes.
Increasing Consumption of Processed Potatoes
Rapidly changing potatoes consumption pattern among the population is gaining the attention of manufacturers to bring dried potatoes in their product portfolio. According to FAO data, less than 50% of potatoes are consumed fresh, and rest is processed to value-added products and dried potatoes. Increasing attractiveness of processed potatoes among the consumers due to its broad application in various dishes and culinary, owing to its binding and thickening ability in food products is boosting the market of dried potatoes.
Longer Shelf Life of Dried Potatoes
Dried ingredients and food like dried potatoes are witnessing an upsurge in demand owing to a number of technologies which are being used in their production. Techniques such as air drying, drum drying, spray drying, freeze drying, and vacuum drying have affected the potentials of using dried potatoes for a longer time. Dried potatoes extended shelf life, which helps consumers and B2B industries like food service providers and food processors to use dried potatoes for an extended period of time. Due to an escalation in shelf life, the use and applications of dried potatoes have attained broader prospects and usability.
Increasing Snack Industry
The fast-paced lifestyle has given rise to new eating habits of consumers that are different from the conventional three square meals eaten at the family table. Consumers are turning towards round-the-clock snacking whenever hunger strikes. Consumers are increasingly getting inclined towards easy to cook, and convenient snacks which are full of flavors and taste. The dried potatoes are a popular snacking option for a large population, and thus with increasing consumers snacking trend, the demand for dried potatoes is witnessing an upsurge.
Robust Supply Chain for Dried Potatoes
The supply chain of dried potatoes is already established with decent transportation facilities that help in the smooth flow of product. Existing supply models have benefitted dried potatoes to reach customers directly without any hurdles. Most dried potatoes are supplied in packages, which is effective in storage and transportation. Besides, online sales of dried potatoes through e-commerce websites have added much grip to the market and helped it flourish in a new way with a better sales medium. Traditional methods are also being used for sales of dried potatoes, but through e-commerce websites, any company/person sitting in any part of the world can buy dried potatoes from suppliers.
Rising Demand for Gluten-free Dried Food Offerings
Consumers are opting for gluten-free diets, owing to several health concerns. The push towards living a healthy lifestyle and indulging in healthier food options is pushing manufacturers to process foods with gluten-free dried foods. Thus, Gluten-free and rich in starch, dried potatoes flour is used by the food processing industry. The dried potatoes flour is used as a binding and a thickening agent in meat mixtures and gravies, sauces, and soups. The gluten-free nature of dried potatoes fulfills the consumers demand gluten-free food and ingredient.
Dried Potatoes Market: Introduction
The proposed market report of TMR on the global dried potatoes market evaluates opportunities in the current market and provides updates and insights corresponding to different segments involved in the global dried potatoes market over the forecast period 2018–2027. The global dried potatoes market report further exhibits the estimated data for 2018, and forecast data up to 2027 in terms of value (US$ Mn) and volume (MT). In terms of value, the dried potatoes market is anticipated to increase at a CAGR of 3.5% during the forecast period. The present study exhibits the trends and market dynamics of the dried potatoes market in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also includes the study of current issues with consumers and various future opportunities for the dried potatoes market.
Dried Potatoes Market: Report Description
The report explores the global dried potatoes market for the period 2018–2027. The primary objective of the report is to provide insights into key developments in the market that are consistently supporting the transformation of global businesses that are associated with dried potatoes. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the Compound Annual Growth Rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global dried potatoes market, and to discover equitable opportunities.
Yet another key feature of this report is that the estimation of the global dried potatoes market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global dried potatoes market.
The report starts with an elaborate executive summary, and the market definition of various segmentations that are included and their respective shares in the global dried potatoes market. The report further incorporates the major macroeconomic factors that have an effect on the growth of the dried potatoes market. The report also highlights the various market dynamics, which includes drivers, restraints, opportunities, and trends in the global dried potatoes market. The report further underlines the study of the present issues with industrial processing and opportunities for the dried potatoes market. It also encompasses value chain analysis that provides a structural view of overall profitability from the manufacturers to the end users of the dried potatoes market. It also comprises of detailed information about the recent technologies which are used in the drying process of the fresh potatoeses. In order to provide users with a clear view of the global dried potatoes market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of dried potatoes manufacturers on valuable parameters, such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global dried potatoes market attractiveness analysis by form, nature, drying technique, end-user, and region.
To evaluate the overall market size of dried potatoes, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation, such as market shares by form, nature, drying technique, end user, region and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast presented in the dried potatoes market report arrives at the total revenue being generated and the expected revenue contribution in the future by the global dried potatoes market.
The detailed profiles of companies that manufacture dried potatoes are included in the report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global dried potatoes market. Major market players covered in the dried potatoes market report are Naturex S.A., Olam International, Symrise AG, Mercer Foods, LLC., Vkc Nuts Private Limited, Viva Bella Orchards Inc, Kiantama, Sun-Maid Growers Of California, Sunshine Raisin Corporation, Traina Dried Potatoes Inc., Greek Dried Vegetables S.A., Montagu Dried Potatoes And Nuts (Pty) Ltd, Sun Valley Raisins Inc. A California Corporation, Raisin Champion International, Geobres Nemean Currants and Sultana Raisins S.A., Fresno Cooperative Raisin Growers Inc., Chengde Shenli Food Co., Ltd., Ningxia Yuxiang Bio Food Engineering Co., Ltd. and others.
Dried Potatoes Market: Segmentation
The subsequent sections analyze the global dried potatoes market on the basis of form, nature, drying technique, end-user, and region and present a forecast for the period 2018–2027. The market is segmented as follows:
Dried Potatoes Market by Form
- Sliced and Diced
- Powdered and Granules
Dried Potatoes Market by Nature
Dried Potatoes Market by Drying Method
- Air Drying
- Spray Drying
- Freeze Drying
- Drum Drying
- Vacuum Drying
Dried Potatoes Market by End User
- Food & Beverages
- Snacks & Savory
- Soups & Salad
- Food Service Providers
Dried Potatoes Market by Region
- North America
- The U.S.
- Latin America
- Rest of LATAM
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of APAC
- Middle East & Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA