North America Potato Processing Market

North America Potato Processing Market Research Analysis 2022 - 2027:

North America Potato Processing Market was worth USD 5.6 billion in 2021 and estimated to be growing at a CAGR of 5.36%, to reach USD 7.27 billion by 2026. Potatoes are used for a wide range of purposes, and not just as a vegetable for cooking at home. In fact, it is estimated that less than fifty percent of potatoes grown worldwide are consumed fresh. The rest is processed into potato food ingredients and food products; fed to cattle, chickens, and pigs, processed into starch for industry; and re-used as seed tubers for producing the next season’s potato crop.

Fresh potatoes are boiled, baked, or fried and used in a staggering range of recipes such as potato pancakes, mashed potatoes, potato dumplings, potato soup, twice-baked potatoes, potato salad, and potatoes au gratin among others. But the trend of North American consumption of potatoes as food is shifting from fresh potatoes to processed, added-value, food products. One of the key items in that category is frozen potatoes, which includes most of the French-Fries served in fast-food chains and restaurants worldwide. The world’s appetite for factory-made French-Fries has been put at more than seven million tons a year. Another processed product, the potato crisp is the long-standing king of snack foods in a lot of developed countries. Dehydrated potato flakes are used in retail mashed potato products, as ingredients in snacks, also as food aid.

North America Potato Processing Market Drivers and Restraints:

The driving factors of the North America Potato Processing market are growth in demand for applications such as prepared ready meals and snack foods and the growth in consumer preferences for convenience foods to save efforts and time. The rise in the number of retail channels such as supermarkets and hypermarkets, the quick growth of the fast-food industry, industrialization policies adopted by governments of developing economies are also expected to propel the growth of the potato processing market during the forecast period.

North America Potato Processing Market Segmentation Analysis:

The North America Potato Processing market is segmented based on type into chips and snack pellets, frozen, dehydrated, and other types. On the basis of application, the market is divided into ready to cook and prepared meals, snacks, and other applications. By distribution channel, the market is categorized into foodservice and retail. Among the distribution channels, the foodservice segment has the largest share. The frozen segment is the largest market shareholder in the potato processing market, owing to factors such as lesser time required for the preparation of meals and the growing preference of consumers for convenience foods.

Regional Insights:

The North America Potato Processing market is divided based on geography into the United States, Canada, and Mexico. North America has the second-largest market for potato processing in the world by share. In the North American region, the United States has the largest share while Canada is expected to grow at the highest CAGR. Factors such as growing demand for ready meals & snacks and the growth of the fast-food industry are expected to drive the market growth in the region.

Prominent Players Covered in the market report are:

Some of the major players in the market are Lamb Weston Holdings, Inc. (U.S.), The Kraft Heinz Company (U.S.), J.R. Simplot Company (U.S.), McCain Foods Limited (U.S.), Agristo NV (Belgium), Farm Frites International B.V. (Netherlands), J.R. Short Milling Company (U.S.), Intersnack Group GmbH & Co. KG (Germany), Idahoan Foods, LLC (U.S.), AGRANA Beteiligungs-AG (Austria), and Aviko B.V. (Netherlands).