Potato Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Potato Market is segmented by Geography into North America, Europe, Asia-Pacific, South America, and Africa. The report includes the Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis of potatoes across the globe.

Market Snapshot

Potato Market Overview
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

1 %

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Market Overview

The potato market is projected to record a CAGR of 1.0% during the forecast period, 2021-2026.

The COVID-19 pandemic has driven the demand for fresh potatoes in supermarkets and grocery stores across the globe, as people stock up on inexpensive food due to panic buying. The lockdown has also increased the demand for fresh potatoes in developing countries.

Even in traditionally non-potato-consuming countries, potatoes have become popular due to their long shelf-life. In the processed food industry, where processed products constitute the bulk of potato consumption, the demand for fresh potatoes has skyrocketed across the globe. According to the International Trade Map in 2019, the Netherlands, China, France, Germany, and the United States are the major exporters of fresh potatoes worldwide. The potatoes are also processed in the respective domestic markets into potato-based food products and food ingredients. The other applications of potatoes include feed to livestock, industrial starch production, and seed tubers for growing the next season’s potato crops.

Scope of the Report

Potato (Solanum tuberosum) is a tuber crop that originates from tropical areas of high altitude. The potato market report includes the production analysis (volume), consumption analysis (volume and value), import analysis (volume and value), export analysis (volume and value), and price trend analysis of potatoes across the globe. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Africa.

Geography (Production Analysis, Consumption Analysis by Volume and Value, Import Market Analysis by Volume and Value, Export Market Analysis by Volume and Value, and Price Trend Analysis)
North America
United States
Canada
Mexico
Europe
Russia
United Kingdom
France
Italy
Germany
Spain
Belgium
Netherlands
Asia-Pacific
China
Japan
India
South America
Brazil
Argentina
Africa
South Africa
Egypt

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Key Market Trends

Increased Demand from the Processing Industry

Home-grown or purchased in markets, fresh potatoes are baked, boiled, or fried and used in a staggering range of recipes such as mashed potatoes, potato pancakes, potato dumplings, twice-baked potatoes, potato soup, and potato salad. However, the global consumption of potatoes as food is shifting from fresh potatoes to value-added, processed food products. One of the main items in that category is frozen potatoes, which include most of the French fries served in restaurants and fast-food chains worldwide. Another processed product is potato chips, which is the long-standing king of snack foods in many developed countries. Dehydrated potato flakes are used in retail mashed potato products, as ingredients in snacks, and even as food aid. They are distributed as part of US international food assistance to more than 600,000 people annually, according to the Food and Agriculture Organization. Hence, the increased demand from the processing industry, along with consumer demand, is boosting production globally.

Potato Market Key Trends

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Asia-Pacific Dominates the Market

According to the Food and Agriculture Organization, Asia alone accounts for half of the world’s potato production, with China and India accounting for nearly 35% of the production, as a result of increased domestic as well as international consumer demand. China’s domestic demand for potatoes has slowly increased over the last few decades. About 10-15% of the potatoes consumed in China are processed potato products, such as chips and frozen French fries. There is an increasing middle-class population due to rapid urbanization, which has resulted in the popularity of potato products, as this population is attracted more to Westernized cuisine. The Chinese government is also looking to increase potato crop production as it is more profitable per acre than any other staple crop and owing to the increased domestic consumption in the country.

Potato Market Size

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain/Supply Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography (Production Analysis, Consumption Analysis by Volume and Value, Import Market Analysis by Volume and Value, Export Market Analysis by Volume and Value, and Price Trend Analysis)

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

      2. 5.1.2 Europe

        1. 5.1.2.1 Russia

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 France

        4. 5.1.2.4 Italy

        5. 5.1.2.5 Germany

        6. 5.1.2.6 Spain

        7. 5.1.2.7 Belgium

        8. 5.1.2.8 Netherlands

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Japan

        3. 5.1.3.3 India

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

        2. 5.1.5.2 Egypt

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET

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Frequently Asked Questions

The Global Potato Market market is studied from 2016 - 2026.

The Global Potato Market is growing at a CAGR of 1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

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