(MENAFN- Industry Research Place) According to the new report published by Industry Research Place Global Potato Flakes Market is valued at USD 1813.85 Million in 2019 and is projected to reach USD 2348.02 Million by 2026 with the CAGR of 6.38 % over the forecast period.
One of the world's major food crops is potato, which produces a high amount of edible energy. Potato is a rich source of vitamin, iron, potassium and dietary fibre. Potato flakes, on the other hand, was derived by dehydrating the potato, so that it can be used in a various application and the nutrients present in a potato can be incorporated in various food products. The potato flakes are light and are very easy to digest. The potato flakes are also used as a replacement for various flour such corn flour, wheat flour etc. In a country such as India, potato flakes are used for various Indian delicacies like aloo bonda, fillings for samosa, dosa, aloo paratha, etc. Because of the earthy flavour of potato flakes are also used in baked goods such as bread, cakes, muffins etc.
The retail sector is a bridge that benefits in selling finished products to end-consumers. The sector has observed steady growth globally in recent years with the escalating of convenient stores, specialty stores, hypermarkets, and supermarkets. Supermarkets and hypermarkets form one of the most popular distribution channels of packaged products, including packaged processed potato products. Discounted prices, attractive shelf displays, and pleasant shopping experiences are some of the factors that attract consumers to supermarkets and hypermarkets. Growing internet use globally has also given a boost to online retailing, which is boosting the growth of the global packaged processed potato products market.
This report analyses the global market for Potato Flakes. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Major Players of the Potato Flakes Market
1. Rixona B
2. Patwary Potato Flakes Ltd
3. Nestle SA
4. Nahr-Engel GmbH
5. McCain Foods Limited
6. Lutosa SA
7. Lamb Weston Holdings, Inc
8. Iscon Balaji Foods Pvt Limited
9. Idahoan Foods
10. Goodrich Cereals
11. Clarebout Potatoes NV
12. Bob’s Red Mill Natural Foods
13. Bem Brasil Alimentos LTDA
14. Basic American Foods, Inc
15. Agrarfrost GmbH & Co
16. others
Global Potato Flakes Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Potato Flakes Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Potato Flakes Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
Market Segmentation
• Type
o Standard Potato Flakes
o Low Leach Potato Flakes
• Form
o Frozen
o Dehydrated
• End Use
o Snacks
o Soups and Sauces
o Bakery Products
o Other
Market Drivers
• The manufacturing process followed for the potato flakes making have increased shelf life which does not affect the quality in terms of taste and texture of the final product.
• Gaining popularity amongst health conscious peoples as, it is also seen as an immunity booster, as potato flake is a rich source of vitamin c.
• Consumer’s increased demand for the bakery products growing at 4% would play key role in boosting potato flakes B2B market.
• The growing trend of ready-to-eat food is one of the key drivers for the exponential growth of the potato flakes market. Nowadays consumers are more curious to do experiments with foods in innovative way to use instant potato flakes to make crispy meat cuisines, and provide the added texture and consistency in meals.
• The food sector has seen great pace of technological penetration has been observed to be robust recently, pursuant manufacturers to enhance their R&D efforts.
• Widening range of applications has led enormous commercial vendors to develop a variety of potato flakes in their purest forms, pointing at discovery possibilities in the market in tandem with increased research activities. Efforts of key players toward realizing innovative, new product developments, and unique product offerings to gain a competitive edge and greater brand positioning, will remain key demand determinants for conventional potato flakes. Conventional potato flakes continue to conquer the market in terms of revenues.
Report Coverage
• An overview of the Global Potato Flakes Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Potato Flakes Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Potato Flakes Market
• Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global Potato Flakes Market Report
• What is the impact of COVID 19 epidemic on the Global Potato Flakes Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Potato Flakes Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Potato Flakes Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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