- Innovative drum dryers help companies in potato flakes market spur production capacities and players are keen on meeting the rising consumer demand for high-quality and healthy potato products
- Potato flakes market to touch ~US$ 11.5 Bn by 2029, rise in consumption of ready-to-eat food and constant product innovations help participants target new application areas
ALBANY, N.Y, Dec. 2, 2020 /PRNewswire/ -- Adoption of multipurpose drum dryers in the potato flakes market is expected to carve out new niche propositions in the potato industry. Producers are leveraging state-of-the-art turnkey solutions that feature high energy as well as water efficiency. A case in point is non-thermal method. Additionally, companies are using technologies that can help retain the nutritional and sensory attributes of potato flakes so that they can be used by food sector to unveil healthy product. Meeting the demand for increasing the shelf-life of bakery is spurring high volume-growth areas in the potato flakes market.
The global potato flakes market is projected to clock CAGR of ~7% during 2019 – 2029 and reach worth of ~US$ 11.5 Bn by 2029.
Companies are trying to unveil instant potato flakes to consumers to enable them better texture and consistency in meals. The absence of large-scale food processing factories in Central Asia offers large untapped revenue stream for companies which they should grab, contend analysts at TMR.
Potato Flakes Market: Key Driving Factors and Promising Avenues
The demand for high-quality potato flakes for various end-use applications has attracted high engineering talent in companies engaged in producing. Adoption of cutting-edge drum dryers is a key aspect bolstering the expansion of the potato flakes market.
Growing preference of these in enhancing the nutrition and taste of bakery products, soups and premixes, frozen food, and especially meat processing is boosting the potato flakes market.
Organic production of potato flakes in several parts of the world is adding momentum to the expansion of the potato flakes market.
Companies in the potato flakes market see a substantial opportunity in the rise in use of instant potato flakes for a variety of meat cuisines, as their addition makes the cuisines crisper.
The adoption of energy- and water-efficient processing technology has opened a new avenue in the potato flakes market.
A variety of ready-to-eat meals, such as processed food products, is a key trend bolstering the expansion of the potato flakes market. In this regard, texturized potato products are gathering traction among consumers.
The bakery industry is emerging as a source of vast revenue stream for market participants in the potato flakes market. Most prominently, potato flakes play role in prolonging the shelf life of several bakery products.
The demand for read-to-eat meals with high nutritional value such as that benefits obese people is bolstering the prospects in the potato flakes market.
The adoption of modern methods of farming of potatoes also favors the growth dynamics of the potato flakes market.
In addition, companies increasingly seek farming and drying technologies that can retain the nutritional and sensory characteristics of the end products, thereby boosting the avenues in the market.
The potato flakes market is witness rapidly emerging avenues in Central Asia. The paucity of large-scale food processing factories in the region has seen players leaning of expanding their production units to harness domestic farming of potatoes. Thus, in recent times, the region has seen a significant shift of the production techniques. Also, producers are eyeing revenue potential in the region might capitalize on the growing worldwide popularity of organically-grown potatoes.
Asia Pacific is a highly lucrative market. The demand in the region has thrived on the back of the growing popularity of ready-to-eat food and potato flakes recipes. India and China are prominent markets in the region.
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