The global potato flakes market, the market is set to surpass a valuation of US$ 12.39 Bn by the end of 2031. The potato flakes market size is expected to grow at a CAGR of 7% during the period of assessment. By 2021-end, the industry is anticipated to be valued at US$ 6.3 Bn, as per the report.
The latest market research report analyzes Potato Flakes Market demand by Different segments. Providing business leaders with insights On Potato Flakes And how they can increase their market share.
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Key Market Segments in Potato Flakes Industry Research
- Organic Potato Flakes
- Conventional Potato Flakes
- Potato Flakes for Household Use
- Potato Flakes for Business to Business (B2B)
- Food Service Industry
- Food Industry
- Soups & Premixes
- Frozen Food
- Baby Food
- Meat Processing
- Potato Flakes for Animal Feed
- Potato Flakes Sales via Hypermarkets/Supermarkets
- Potato Flakes Sales via Convenience Stores
- Potato Flakes Sales via Traditional Groceries
- Potato Flakes Sales via Online Retailers
The Market insights of Potato Flakes will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Potato Flakes Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Potato Flakes market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Potato Flakes market .
The latest industry analysis and survey on Potato Flakes provides sales outlook in 20+ countries, across key categories. Insights and outlook on Potato Flakes market drivers, trends, and influencing factors are also included in the study.
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Why Sales Channel is Turning Out to Be the Most Lucrative One?
Specialty stores are fast permeating the potato flakes market, with sales growth forecast to record a relatively faster pace through 2031. Challenges apropos of competition from modern trade channels are more than offset by shifting consumer preference for all-natural, premium foods, which have a direct influence on growth of the market.
The market is likely to benefit immensely from attractive product presentation, clear market position, and excellent maintenance of customer relations observed in specialty stores. The segment is expected to register a compounded annual growth rate worth 6% from 2021-2031.
How are Conventional Potato Flakes Creating Opportunities?
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. A market share worth 40% is projected for conventional potato flakes.
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.
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The competitive landscape of the potato flakes market is shaped by product innovation and strategic mergers & acquisitions. Front runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:
- In 2021, Agrico, agreed to set up a joint venture with Pune-based potato supply chain organization S.V. Agri to develop high-yield varieties uniquely suitable to India. The new joint venture, named S.V. Agrico Pvt. Ltd., will produce high-grade basic seed material under controlled conditions.
- McCain Foods, a global leader in potato specialty products, announced the acquisition of Serya, a Brazilian food company. This acquisition will enable McCain to expand its boundaries in the Brazilian market. Serya provides pre-formed specialty potato products in Brazil.
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