The world expects rapid growth in the potato processing market

Published Dec 24, 2024

Tridge summary

The global potato processing market is expected to see substantial growth, with a projected CAGR of 4.90% from 2024 to 2031, reaching USD 60.08 billion by 2031. This growth is driven by several factors, including the rising demand for healthier snack options, the popularity of plant-based diets, and the convenience of processed potato products. Technological advancements such as automation, AI, and machine learning are also playing a key role in market growth. Urbanization and increasing affluence in emerging markets, particularly in Asia Pacific and Latin America, are creating new opportunities for the potato processing industry.

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

Original content

The global potato processing market is poised for significant growth, as per a recent industry report by Data Bridge Market Research. The global potato processing market was valued at USD 40.97 billion in 2023 and is projected to reach USD 60.08 billion by 2031, with a CAGR of 4.90% during the forecast period from 2024 to 2031. One of the major opportunities is the growing demand for healthier snack options with less oil, preservatives, and healthier ingredients. Potato processing industry manufacturers are responding by introducing low-fat, gluten-free, and organic potato snacks. The growing popularity of plant-based diets is also opening up new avenues for potato processing. Potato-based products are often viewed as a suitable alternative for those looking to reduce their meat consumption. This has led to an increase in the demand for potato-based food products in plant-based and vegan diets, providing an opportunity for manufacturers to expand their product lines. Convenience ...

Source: Agrotimes