Potatoes Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Potatoes market reached a volume of about 381 million tonnes in 2021. The industry is projected to grow at a CAGR of around 1.30% in the forecast period of 2022-2027 to reach a value of about 410 million tonnes by 2027.

The global potatoes industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is primarily driven by the product's popularity as a staple food item.  In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

The potato is a root vegetable made up of a starchy tuber from the plant Solanum tuberosum. The starchy edible tubers of the plant are the reason for its cultivation. One of the world's most important food crops is the potato. Potatoes are normally dished up whole or squashed as a cooked vegetable, and they are also treated into potato flour, which is utilised in baking and sauce thickening. Vitamin C, protein, thiamin, and niacin are all found in the tubers, highly digestible. The Potatoes industry report comprises segments by region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds a significant share of the industry as China is now the world's leading potato grower. In Chinese families and restaurants, fresh potatoes are devoured. Due to rising urbanisation, there is an expanding middle-class population, which has led to the appeal of potato goods since this group is more drawn to Westernized food. Furthermore, the Chinese government wants to boost potato crop output since it is more profitable per acre than any other main crop. In addition, India's potato output has increased steadily. This is due to an increase in potato consumption in the country due to increased industrialisation and women's engagement in the labour market, which produced a desire for processed, ready-to-eat convenience food, particularly in metropolitan areas.

Potatoes are one of the staple food items consumed by many worldwide and offer several benefits over other food crops, including ease of storage, high yield, minimal planting requirements, a large growing area, and high nutritional content. As a result, Potatoes are a good crop for the processed food business, driving the market growth. In addition, the food item is also used to turn into potato food and food components, fed to cattle, pigs, and chickens, and turned into starch for the industry furthering the industry's demand.

Best Procurement Practices

The global Potatoes industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Potatoes regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

The potato may reach a height of 100 cm. The starch produced by the potato plant's compound leaves is transported to the ends of its subterranean stolons as the plant grows. Near the soil they break the surface, and the stems stiffen and grow a few or as many as 20 tubers. The quantity of tubers that mature is determined by the soil's amount of moisture and nutrients. Tubers come in various shapes and sizes, weighing up to 300 g (10.5 oz) apiece. The plant's leaves and stalks die down to the soil level towards the conclusion of the growing season, and its young tubers separate from their stolons. The tubers then act as nutrition storage, allowing the plant to survive the winter and develop and reproduce later.

Wide Range of Applications of the Commodity, Further Driving the Procurement of Potatoes

The industry is witnessing growth due to the various applications of potatoes. Frozen potatoes, including most French fries, are consumed globally and are widely available in restaurants and fast-food outlets. Dehydrated potato flakes are utilised in mashed potato products sold in stores, as snack components, and even as a culinary additive. Likewise, another dried product is potato flour, which binds meat combinations and thickens gravies and soups. It's used in cake mixes, dough, biscuits, and ice cream as a thickening and binding agent in sauces and stews. Hence, the many ways to consume the food item are likely to impact the market positively.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Potatoes Industry Report

• Grünewald Fruchtsaft GmbH
• Aconcagua Foods S.A.
• Favourita International
• Interaust Foods Pty Ltd
• McCain SA

Market Landscape

The private sector is driving most of the advances in the European and North American potato value chains. When it comes to seeking effective collaborations in the projected term, these markets are likely to offer attractive chances for newly developed value chains.

Key Initiatives by Companies

• August 24, 2021- More than 13,000 broadleaved woody plants were planted as young trees and shrubs on two ecological compensation zones totalling more than 2 hectares as part of the development of the GRÜNEWALD INTERNATIONAL corporate headquarters at the Gochsheim at Hexenhügel site and on the border of the Gochsheimer Oberholz.