Potato Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia-Pacific
CAGR: 3.2 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The potato market is projected to record a CAGR of 3.2% 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. The industry is trying to divert the potatoes to the market directly instead of processed potatoes as the demand for fresh potatoes is currently relatively higher than the latter.

Potato is the third most important food crop globally after rice and wheat in terms of human consumption. Potato comes in many shapes and sizes, and there are over 4,000 edible varieties of potato, mostly found in the Andes of South America. There are also over 180 wild potato species, though they are too bitter to eat. Their important biodiversity includes natural resistance to pests, diseases, and climatic conditions. The growth in potato production areas has rapidly overtaken all other food crops in developing countries. It is a fundamental element in the food security for millions of people across South America, Africa, and Asia, including Central Asia. More than a billion people globally eat potatoes. Compared to other food crops, potatoes have the advantages of easy storage, high yield, low planting requirement, wide planting area, and high nutritional value. This quality makes potatoes a suitable crop to use in the processed food industry. Fresh and chilled potatoes are the two main categorizations in the global potato market. Fresh potatoes are used in daily dietary consumption, whereas chilled potatoes are exported or imported and used in the food processing industry. 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. China, India, Russia, the United States, and Germany were the largest potato-producing countries globally in 2020, producing 78.2 million metric ton, 51.3 million metric ton, 19.6 million metric ton, 18.8 million metric ton, and 11.7 million metric ton, respectively. Therefore, the increased demand for potatoes and rise in global production reflect a positive trend for the potato market during the forecast period.

Scope of the Report

Potato (Solanum tuberosum) is a tuber crop that originates from tropical areas of high altitudes. 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. Potatoes, fresh or chilled with the botanical name solanum tuberosum, have been considered for production, import, and export analysis of various countries globally with the HS code - 070190.

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

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increased Demand from the Processing Industry

Potatoes are used for a variety of purposes, and not only as a vegetable for cooking at home. Less than 50% of potatoes grown globally are likely consumed fresh. The rest are processed into potato food products and food ingredients, fed to cattle, pigs, and chickens, processed into starch for the industry. According to the Food and Agriculture Data (FAOSTAT), countries such as China, India, Russia, the United States, and Germany were the major potato producers, which accounted for 78.2 million metric ton, 51.3 million metric ton, 19.6 million metric ton, 18.8 million metric ton, and 11.7 million metric ton respectively in 2020. Global consumption of potatoes is shifting from fresh potatoes to added value, processed food products. One of the main items in that category is frozen potatoes, including most French fries, served in restaurants and fast-food chains globally. The potato crisp is another processed product, 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. Potato flour, another dehydrated product, is used by the food industry to bind meat mixtures and thicken gravies and soups. A fine, tasteless powder with “excellent mouth-feel,” potato starch provides higher viscosity than wheat and maize starches and delivers a tastier product. It is used as a thickener for sauces and stews and a binding agent in cake mixes, dough, biscuits, and ice cream. In eastern Europe and Scandinavia, crushed potatoes are heated to convert their starch to fermentable sugars used in the distillation of alcoholic beverages, such as vodka and akvavit. Therefore, the rising production and consumption of potatoes across various countries are anticipated to bolster the market's growth during the forecast period.

Potato Market1

Asia-Pacific Dominates the Market

China is currently the world’s largest producer of potatoes. Based on the data from FAOSTAT, potato production in the country was reported to be 75,657,850 metric tons in 2019, which increased to 78,236,596 metric tons in 2020. The area harvested was found to be 4,038,885 ha in 2019, which increased to 4,218,188 ha in 2020. Multiple reasons account for the rapid increase in Chinese potato production. The short growth period and wide adaptability of potato makes them suitable for the diverse areas and climate types in China and allow potatoes to be planted year-round. The majority of China's fresh potatoes are used for table consumption. Industry contacts estimate 60% of Chinese potatoes are consumed fresh in households and restaurants. 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. Moreover, Chinese shun potatoes, aside from French fries, which are popular in Western fast-food restaurants. India is the largest producer of potatoes in the world after China.

Potato production in India has seen steady growth over the year 2020. This is because of the potato consumption that has been accelerating in the country due to increasing industrialization and participation of women in the job market that created demand for processed, ready-to-eat convenience food, particularly in urban areas.

Therefore, the production and consumption is expected to rise and is anticipated to increase in the forecast period, as potato has become one of the staple foods in the region, and also the favorable conditions present help in getting higher produce each year.

Potato Market2

Recent Development

With the growing demand for healthy food globally, the area under potato production has significantly increased over the years. According to the data from FAO, potato production increased to 359.0 million ton in 2020 from 353.9 million ton in 2016. The rising production boosted the export from the countries producing the crop.

Favorable government support has been crucial for the growth of the potatoes market in many producing countries globally. For instance, the government of India is giving subsidies on seeds, insecticides, and spray machines to the farmers of the country for potato production.

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 Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis

          3. 5.1.1.1.3 Import Market Analysis (Value and Volume)

          4. 5.1.1.1.4 Export Market Analysis (Value and Volume)

          5. 5.1.1.1.5 Price Trend Analysis

        2. 5.1.1.2 Canada

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis

          3. 5.1.1.2.3 Import Market Analysis (Value and Volume)

          4. 5.1.1.2.4 Export Market Analysis (Value and Volume)

          5. 5.1.1.2.5 Price Trend Analysis

        3. 5.1.1.3 Mexico

          1. 5.1.1.3.1 Production Analysis

          2. 5.1.1.3.2 Consumption Analysis

          3. 5.1.1.3.3 Import Market Analysis (Value and Volume)

          4. 5.1.1.3.4 Export Market Analysis (Value and Volume)

          5. 5.1.1.3.5 Price Trend Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 Russia

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis

          3. 5.1.2.1.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.1.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.1.5 Price Trend Analysis

        2. 5.1.2.2 United Kingdom

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis

          3. 5.1.2.2.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.2.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.2.5 Price Trend Analysis

        3. 5.1.2.3 France

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis

          3. 5.1.2.3.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.3.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.3.5 Price Trend Analysis

        4. 5.1.2.4 Italy

          1. 5.1.2.4.1 Production Analysis

          2. 5.1.2.4.2 Consumption Analysis

          3. 5.1.2.4.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.4.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.4.5 Price Trend Analysis

        5. 5.1.2.5 Germany

          1. 5.1.2.5.1 Production Analysis

          2. 5.1.2.5.2 Consumption Analysis

          3. 5.1.2.5.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.5.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.5.5 Price Trend Analysis

        6. 5.1.2.6 Spain

          1. 5.1.2.6.1 Production Analysis

          2. 5.1.2.6.2 Consumption Analysis

          3. 5.1.2.6.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.6.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.6.5 Price Trend Analysis

        7. 5.1.2.7 Belgium

          1. 5.1.2.7.1 Production Analysis

          2. 5.1.2.7.2 Consumption Analysis

          3. 5.1.2.7.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.7.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.7.5 Price Trend Analysis

        8. 5.1.2.8 Netherlands

          1. 5.1.2.8.1 Production Analysis

          2. 5.1.2.8.2 Consumption Analysis

          3. 5.1.2.8.3 Import Market Analysis (Value and Volume)

          4. 5.1.2.8.4 Export Market Analysis (Value and Volume)

          5. 5.1.2.8.5 Price Trend Analysis

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis

          3. 5.1.3.1.3 Import Market Analysis (Value and Volume)

          4. 5.1.3.1.4 Export Market Analysis (Value and Volume)

          5. 5.1.3.1.5 Price Trend Analysis

        2. 5.1.3.2 Japan

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis

          3. 5.1.3.2.3 Import Market Analysis (Value and Volume)

          4. 5.1.3.2.4 Export Market Analysis (Value and Volume)

          5. 5.1.3.2.5 Price Trend Analysis

        3. 5.1.3.3 India

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis

          3. 5.1.3.3.3 Import Market Analysis (Value and Volume)

          4. 5.1.3.3.4 Export Market Analysis (Value and Volume)

          5. 5.1.3.3.5 Price Trend Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis

          3. 5.1.4.1.3 Import Market Analysis (Value and Volume)

          4. 5.1.4.1.4 Export Market Analysis (Value and Volume)

          5. 5.1.4.1.5 Price Trend Analysis

        2. 5.1.4.2 Argentina

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis

          3. 5.1.4.2.3 Import Market Analysis (Value and Volume)

          4. 5.1.4.2.4 Export Market Analysis (Value and Volume)

          5. 5.1.4.2.5 Price Trend Analysis

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis

          3. 5.1.5.1.3 Import Market Analysis (Value and Volume)

          4. 5.1.5.1.4 Export Market Analysis (Value and Volume)

          5. 5.1.5.1.5 Price Trend Analysis

        2. 5.1.5.2 Egypt

          1. 5.1.5.2.1 Production Analysis

          2. 5.1.5.2.2 Consumption Analysis

          3. 5.1.5.2.3 Import Market Analysis (Value and Volume)

          4. 5.1.5.2.4 Export Market Analysis (Value and Volume)

          5. 5.1.5.2.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

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

The Global Potato Market is growing at a CAGR of 3.2% over the next 5 years.

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

Asia-Pacific holds highest share in 2020.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!