Global dehydrated potato market sized valued at US$5.71B in 2022 and is anticipated to grow from US$6.02B in 2023 to US$9.68B by 2030, driven by large investments by McCain Foods: Fortune Business Insights

July 6, 2023 (press release) –

The global dehydrated potato market size was valued at USD 5.71 billion in 2022. The market is anticipated to grow from USD 6.02 billion in 2023 to USD 9.68 billion by 2030, exhibiting a CAGR of 7.03% growth during the forecast period. Fortune Business Insights™ presents this information in its report titled “Dehydrated Potato Market Size, Share & COVID-19 Impact Analysis, By Form (Flakes, Powder, Dices, Shreds, and Others), Nature (Organic and Conventional), Distribution Channel (Food Services and Retail Channel), and Regional Forecast, 2023-2030”.

The expansion is being driven by the growing product popularity on account of availability in all seasons and longer shelf-life. Besides, dehydrated potatoes provide great versatility, flavor, and the nutrition of fresh, natural potatoes. The products are in high demand from several food service operators driven by their extensive application in general foods, snacks, commercial food service operations, and bakeries.

Surge in Industry Value Owing to Increased Sales Amid the COVID-19 Pandemic Period

The COVID-19 pandemic led to an escalation in the demand for processed and frozen foods. The period recorded an increase in product sales via e-commerce and online grocery platforms. These products included frozen fries, mashed potatoes, and others. However, the market was slightly affected on account of the shortage of raw materials and disruptions in the supply chain during the pandemic period.

McCain Foods Invests Heavily in Modern Packaging to Escalate Growth

An investment of USD 20 million was announced by McCain Foods Ltd. in their Bethune plant in September 2021. This investment is aimed toward developing a new packaging line, new packages for French fries, and renovation of the site that includes modern setting. It would assist the company in progressing toward modern and sustainable industrial manufacturing.

Industry Value to Rise Owing to Growing Application in the Processed Food Sector

One of the key factors propelling the dehydrated potato market growth is the escalating product demand for various applications such as soups, sauces, baked products, and other food items. The market expansion is further impelled by the growing demand for processed dehydrated potatoes in the food & beverage industry.

However, the market growth could be hampered due to the rising demand for nutritious alternatives to avoid the consumption of additive-laden and high-calorie processed foods.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/dehydrated-potato-market-102186

Leading Companies Strike Collaborations to Enhance Product Reach

Major industry participants are depicting a greater inclination toward the adoption of strategic steps to propel business expansion over the forecast period. Some of these initiatives include acquisitions, development of new products, research activities, and others. Additional steps comprise the formation of alliances and rising participation in trade fairs.

Key Players Covered:

• McCain Foods (U.S.)
• Basic American Foods (U.S.)
• Lamb Weston (U.S.)
• Idahoan Foods (U.S.)
• Pacific Valley Foods (U.S.)
• Augason Farms (U.S.)
• Idaho Supreme Potatoes (U.S.)
• Birkamidon Rohstoffhandels GmbH (Germany)
• J.R. Short Milling (U.S.)
• Rixona B.V. (Netherlands)

Notable Industry Development

• September 2021:  The Agrana Group, an Austrian food company, invested USD 29.44 million to install a drum-drying plant in Gmund, Austria.

Further Report Findings

• Based on region, the market has been studied across Asia Pacific, South America, North America, Europe, and the Middle East & Africa. The Asia Pacific dehydrated potato market share is poised to exhibit a healthy CAGR over the study period. The rise is being driven by the growing usage of the product as a thickener for sauces and stews.
• North America is slated to register considerable expansion over the anticipated period. The growth can be attributed to the escalating consumption of instant soups and salads in the region.
• On the basis of form, the market is segmented into dices, powder, shreds, flakes, and others. Of these, the powder segment is slated to register substantial expansion over the projected period.
• Based on nature, the market is subdivided into organic and conventional. The conventional segment is touted to record commendable growth throughout the analysis period. The rise can be credited to the increasing application of the product in commercial food service applications.

Report Scope & Segmentation

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