What is Global Potato Flake Market?
The Global Potato Flake Market is an expansive and dynamic sector that encompasses a wide range of products and applications. Potato flakes are dehydrated potatoes that have been processed into flake form, making them easy to store and versatile in use. They are produced by cooking, mashing, and then dehydrating potatoes. The global market for these products is vast, with a value of US$ 878.7 million in 2023. It is projected to reach US$ 1354.4 million by 2030, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2024 to 2030. This growth is driven by increasing demand for convenience foods, rising population, and changing dietary habits worldwide.
Standard Potato Flakes, Low Leach Potato Flakes in the Global Potato Flake Market:
The Global Potato Flake Market is segmented into two main types: Standard Potato Flakes and Low Leach Potato Flakes. Standard Potato Flakes are the most common type, accounting for 62.07% of the global market. They are used in a variety of applications, including as an ingredient in processed foods, as a thickening agent in soups and sauces, and as a base for mashed potatoes. Low Leach Potato Flakes, on the other hand, are specially processed to reduce the amount of water-soluble substances. This makes them ideal for use in products where a low water content is desired, such as in instant mashed potatoes. The choice between these two types depends on the specific requirements of the end product.
Snacks, Soups and Sauces, Bakery Products, Other in the Global Potato Flake Market:
The Global Potato Flake Market finds its applications in a variety of areas. Snacks are the largest end-use industry segment, accounting for 39.90% of the global market. Potato flakes are used in the production of various snack items, including potato chips, crisps, and other snack foods. They are also used in soups and sauces as a thickening agent, providing a creamy texture without the need for additional fats or oils. In the bakery industry, potato flakes are used as an ingredient in breads, rolls, and other baked goods, contributing to their texture and flavor. Other applications include use in ready meals, instant foods, and pet foods.
Global Potato Flake Market Outlook:
The Global Potato Flake Market outlook is positive, with steady growth anticipated in the coming years. The market was valued at US$ 878.7 million in 2023 and is expected to reach US$ 1354.4 million by 2030, growing at a CAGR of 6.3% during the forecast period from 2024 to 2030. Standard Potato Flakes represent the largest share of the market, with 62.07% share. In terms of applications, the Snacks segment is estimated to be the largest end-use industry segment of the market in 2019, with a 39.90% share of the global market. PepsiCo is the leading player in the global Potato Flake market, with a market share of 25.70%. Europe holds the major share in the global market, with a share of 44.22%.
| Report Metric | Details |
| Report Name | Potato Flake Market |
| Accounted market size in 2023 | US$ 878.7 million |
| Forecasted market size in 2030 | US$ 1354.4 million |
| CAGR | 6.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | PepsiCo, Lutosa (McCain), Lamb Weston, Aviko Rixona, Dali Group, Mydibel, Orion Confectionery, Oishi, Goodrich Cereals, Bob’s Red Mill |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
