The potato flakes market is predicted to develop at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032, reaching a global market value of USD 21,328.3 Mn in 2022. 20% of the market for potato processing is made up of potato flakes.
The market has grown significantly as a result of the increasing use of potato flakes in baked goods, soups, gravies, convenience foods, as well as other processed food products. Potato flakes are utilized in the preparation of ready-to-eat meals and soups as a thickening agent.
Potato flakes are also used in the production of texturized potato products, snack foods, snack pellets, and other products. Potato flakes, on the other hand, are becoming popular as a replacement for wheat flour and cornstarch, which adds volume to stews, sauces, soups, and broths. The strong growth for potato flakes in the worldwide food sector is anticipated to amplify sales of the potato flakes market forward in the coming years.
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Key Takeaways from Market Study
- The potato flakes market is expected to expand at CAGRs of 5.3% over the forecasted period
- The European Potato flakes market is currently holding around 30% of value share in 2022.
- Among the nature type segment of the Potato flakes market, the conventional type potato flakes hold a leading market share.
- North America and South Asia are regions are estimated to show a greater growth rate over the forecasted period.
- Revenue from the global potato flakes market was valued at US$ 7,056.8 Mn in 2022 and US$ 11,824.11 Mn in 2032.
“Food companies in the potato flakes scenery are innovating new ideas to enhance their drum dryer production capacities. They are increasing R&D efforts to develop multifunctional drum dryers that can not only dry but also mill potato mash into flakes or granules.”, says a Future Market Insights analyst.
Competitive Landscape.
Manufacturers in the potato flakes market are gaining global credibility by providing cutting-edge turnkey solutions to the potato industry, due to the implementation of high-tech drum dryers. The most recent design advancements in drum dryers aid in the production of high-quality food products. As a result, manufacturers in the potato flakes market are able to meet global consumer market for high potato products. Bob’s Red Mill Natural Foods Inc., Idahoan Foods LLC, Goodrich Cereals, McCain Foods Limited, Rixona B.V., Basic American Foods, Inc., Lamb Weston Holdings Inc., Patwary Potato Flakes Ltd., Agrarfrost GmbH & Co. KG, Clarebout Potatoes NV, Iscon Balaji Foods Pvt Limited, Lutosa SA are key players in Potato flakes market
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Potato flakes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
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Potato Flakes Market by Category
By Product Type, Potato Flakes Market is Segmented as:
- Business to Consumers
- Hypermarket/Supermarket
- Convenience Store
- Specialty Store
- Traditional Grocery
- Online Retailers
- Business to Business
- Food Service Industry
- Food Industry
- Soups & Premixes
- Bakery
- Snacks
- Frozen Food
- Baby Food
- Meat Processing
- Animal Feed
By Region, Potato Flakes Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle east and Africa
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