The world potato market will grow by 16% in 5 years

Published 2024년 8월 29일

Tridge summary

The potato market is expected to see substantial growth in the next five years, with a projected increase in revenue from $115.74 billion in 2024 to $137.46 billion by 2029, as per a report by Mordor Intelligence. This growth is largely driven by the global consumption of processed potato products, which accounts for less than 50% of the worldwide production. The Asia-Pacific region, particularly China and India, is leading the growth in the potato market. Europe also remains a significant market due to its high per capita consumption. The report emphasizes innovation in potato processing technology and the introduction of new potato-based products in emerging markets as key factors supporting this growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The potato market will exhibit robust growth over the next 5 years, increasing from $115.74 billion in 2024 to a projected $137.46 billion by 2029. This is reported in the analysis report "Potato Market Size (2024-2029)" by Mordor Intelligence. One of the most important trends identified in the report is the global shift to the consumption of processed potato products. Less than 50% of potatoes grown worldwide are consumed fresh. Most is processed into various food products such as frozen French fries, potato chips, dried cereals, flour and starch. This trend is especially noticeable in developed countries, The fastest growing potato market is in the Asia-Pacific region. China leads the world in potato production, showing impressive growth from 75.7 million tons in 2019 to more than 78.2 million tons in 2020. India is the second largest producer of potatoes in the world after China. Potato production in India has grown steadily throughout 2020. Europe, known for its high potato ...

Source: Agrotimes