According to the latest market research study by Technavio, the global processed potatoes market is expected to grow at a CAGR of close to 5% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global processed potatoes market regarding revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product
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The top three revenue contributing product segments are discussed below:
Global potato chips market: The global potato chips market has been witnessing steady growth over the past few years. The market vendors, to attract new customers, are now offering potato chips in different flavors such as cinnamon, cheddar, and jalapeno. Vendors such as Burts Chips and Proper Crisps have launched products like handmade or artisanal potato chips that have emerged as a new interesting product.
“The availability of less or no oil chips due to advances in processing technology has resulted in the increased demand for chips among health-conscious people. Potato chips are commonly being eaten with burgers and sandwiches and served by many fast food service restaurants globally. The growing demand for potato chips from fast food restaurants worldwide is one of the major drivers of the market,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global potato flakes market: The demand for potato flakes is rising due to their extensive use in an array of products such as instant mashed potatoes, pasta, croquettes, and fabricated snacks. They are used as thickeners in creamy frozen desserts, chocolate milk, and gravies. Potato flakes are also used to increase the shelf life of baked products as they retain water better than flours. Also, due to the earthy flavor of potato flakes, they are widely used in muffins, bread, and cakes.
Global potato starch market: Potato starch is gluten free and is very useful for people with gluten intolerance or wheat sensitivity. Potato starch also aids in lowering plasma cholesterol and triglyceride concentrations, increases satiety, and even reduces fat storage. Due to its gluten-free characteristic and health benefits, food manufacturers use it in manufacturing a wide range of gluten-free, low-calorie, and low-fat foods.
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The top vendors operating in the global processed potatoes market are:
- Aviko
- Lamb Weston
- McCain Foods
- PepsiCo
The other prominent vendors in the market include Avebe, Burts Chips, Calbee Foods, Herr Foods, Intersnack, Kellogg, Kettle Foods, Old Dutch Foods, Snyder’s-Lance, and Tyrrells Potato Crisps.
A more detailed analysis is available in the Technavio report titled, ‘Global Processed Potatoes Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Extruded Snacks Market 2016-2020
- Global Baked Savory Snacks Market 2016-2020
- Global Processed Snacks Market 2016-2020
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