COVID-19 Impact Affects Dehydrated Potato Market Globally in 2020
The global Dehydrated Potato Market size
is slated to touch USD 8.84 billion by 2026, exhibiting
a CAGR of 6.83% during the forecast period. Growing awareness
regarding the nutritional value of instant potatoes and their variants is
expected to be one of the central Dehydrated Potato Market trends in the
upcoming decade. Instant potatoes are emerging as a viable alternative to
regular potatoes in a world where hectic lifestyles have become a norm, which
is taking a heavy toll on physical health. The US Department of Agriculture
recommends a weekly intake of 5 to 6 cups of natural starch.
Dehydrated potatoes can fulfill this
bodily requirement, delivering almost the same amount of nutrients like regular
potatoes, except in a more convenient and efficient manner. These foods also
contain the three essential macronutrients – carbohydrates, proteins, and fats
– delivering the daily dose of energy required by the human body to function.
Moreover, according to the US Agency for International Development, instant
potato products such as potato flakes are a good source of starch in cases of
emergency. Thus, the instant potato market stands to benefit as people become
more aware of the healthy properties of these products.
Fortune Business Insights™ shares this
information and more in its new report, titled “Dehydrated Potatoes
Market Size, Share & Industry Analysis, By Form (Flakes, Powder, Dices,
Shreds, and Others), Nature (Organic and Conventional), By Distribution Channel
(Food Services and Retail Channel), and Regional Forecasts, 2019 – 2026”.
As per the report, the value of this market stood at USD 5.23 billion
in 2018.
Gathering Pace of Urbanization
Worldwide to Escalate the Demand for Ready-to-Eat Foods
The number of people living in urban
areas is rising at a steady pace all around the globe as a result of economic
growth and development, especially in developing nations. The UN’s Department
of Social and Economic Affairs predicts that Asian and African countries will
account for around 90% of the rise in the global urban population by 2050. The
birth of knowledge-based economies has created jobs in cities and metros that
usually require people to sit in one place and perform data collection and
analysis tasks on a daily basis.
Consequently, sedentary lifestyles have
become commonplace and lives have gotten faster, both of which are adversely
affecting human health. With little time to spare for cooking, consumer
preference in urban areas is increasingly shifting towards ready-to-eat
products, such as dehydrated potatoes, to meet the daily energy needs of the
body.
Increasing Population to the Drive the
Market in Asia-Pacific
Among regions, Asia-Pacific is
forecasted to dominate the Dehydrated Potato Market share in the coming decade
owing to the rapidly rising populations in India and China. These countries
also have a steadily expanding middle class that is actively consuming
nutrition-laden processed foods. Furthermore, China and India are some of the
largest producers of potatoes in the world, which will aid the instant potatoes
market growth in the region. Lastly, the large consumer base is attracting
companies from developed nations to establish themselves in this fledgling
market, thereby accelerating the Dehydrated Potato Market revenue during the
forecast period.
Competitors to Focus on Upgrading
Production Capacities and Diversifying Operations
Major players are directing their
investments towards enhancing their production capabilities and expanding their
operational range, according to the instant potatoes market analysis. This
would provide the companies with a solid base for building their brand value in
this market.
Browse Detail Market Insights with Table of Content, Tables, and Figure:
https://www.fortunebusinessinsights.com/dehydrated-potato-market-102186
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