The global market value for the potato flakes market was USD 21,328.3 Mn in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.3 % from 2022 to 2032.
The global Potato Flake Market was valued at US$ 21,328.3 Mn in 2022. The market has exhibited a considerable rise during 2016 -2021 and the trend is likely to continue as the market exhibits a CAGR of 5.3% between 2022 and 2032. The rising demand for snacks among all age groups is aiding the growth of the Potato Flake.
Increasing launches and development of major brands of potato flakes are anticipated to drive the overall growth of the potato flakes market. Leading manufacturers are focusing on expanding their footprint in regions apart from the U.S. Increasing penetration of established manufacturers ensures a competitive market scenario, and results in the launch of numerous variation in potato products that is estimated to push the overall market growth.
Additionally, due to the increasing penetration of social media platforms, customers have awareness about several international brands. Manufacturers in the market including Bob’s Red Mill and McCain Foods Limited are well-known for their premium products, including potato flakes. These brands pay substantially on branding and advertisements via online and other channels, and therefore. Their marketing strategies are key drivers of potato flakes sales.
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Key Takeaways from Potato Flakes Market Study
Who is winning?
Idahoan Foods, McCain Foods Limited, Nestle S.A., Inc., Clarebout Potatoes NV, Goodrich Cereals, Lamb Weston Holdings, Inc., Iscon Balaji Foods Pvt Limited, Lutosa SA, Patwary Potato Flakes Ltd., Bem Brasil Alimentos LTDA, Rixona B.V., Agrarfrost GmbH & Co. KG, Nahr-Engel GmbH, Basic American Foods, Inc., Bob’s Red Mill Natural Foods are some of the key market players.
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Leading companies operating in the potato flakes market are aiming at regional expansion via targeting the local distributers to upscale their potato flakes sales and to provide high-quality products to the customers.
Potato Flakes Market by Category
By Product Type, Potato Flakes Market is Segmented as:
By Region, Potato Flakes Market is Segmented as:
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Jul 25, 2022