Processing and Market Trends of Potato and its Products
Potato, being highly rich in starch, has a lot of benefits causing traits, to exemplify, some of its calorific value carbohydrates, vitamin C, minerals, protein, calcium, iron, phosphorus, and dietary fiber. It is one of the best selling vegetables in the market, as it comes to number four after the highest producing crops, namely, wheat, rice, and maize, globally. It can be availed in many of its byproducts form such as chips, wafers, powder, etc which is immensely famous in India. Potato is a highly consumed vegetable by Indians and is commonly found in every Indian home.
As per a detailed study by NIIR Project Consultancy Services (NPCS), nearly 25 percent of the potatoes are getting wasted every year due to many reasons, can easily be preserved, and managed to be used rather than being wasted by processing the potatoes as packaged food. This is increasing the business of FMCG by simply saving and providing goods in the face of canned and packaged food. In addition to this, potato is considered to be a favorite snack among kids and adults nowadays. To cite an example, it is availed by many individuals in the form of fries, chips, flakes, powder, and other frozen forms. Fries followed by chips and flakes have spread the world over and contains the major part of potato sale by 85 percent as the market trend value. Hence, the business in the field of potato is extremely beneficial and to be deduced as an ever-growing industry in the upcoming years.
Related Book: – Potato and Potato Products Cultivation, Seed Production, Manuring, Harvesting, Organic Farming, Storage and Processing
Processing and Consumption Style of Potato Products
- Potatoes are consumed immensely in India especially, apart from India it is an exclusive byproduct reproducing industry that is well known and accepted on a large scale, for instance, potato chips, wafers, powder, flakes, canned slices, and fries are a few products made of potato spread worldwide. They are frozen to utilize the products without getting it damaged.
- If we see the potato market has made its place more in the snack industry as every kid and adult is fond of its byproducts. Due to a fast lifestyle, quick services are expected as not all people have time for such chores so they are left with more outside food for the living.
- Saving your time and efforts, many chains of food restaurants are open nearby your location, and even home delivery is much in trend nowadays.
- Packaged food on the other hand is like a two-minute Maggie, stealing the slogan of Maggie; almost all the packaged products are quick to be prepared. There is an expected growth of nearly 30 percent in the forecasted period until 2025, worldwide.
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Market Trends of the Potato Market
- It is expected that the market of frozen potato byproducts will reach $74, 403 million by 2025 with a CAGR of 3.9 percent.
- Despite a lot of benefits, it is also known for its taste and hence, increasing the market of the potato industry, worldwide.
- Out of all of its byproducts, French fries account for about 40 percent of the frozen potato market.
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Conclusion
To deduce, for any further detail of this business, you are suggested by NPCs to get a book, namely Potato and Potato Products Cultivation, Seed Production, Manuring, Harvesting, Organic Farming, Storage and Processing where the basic fundamentals of the book are spread of potato, quality requirements, potato products, growth cracks, origin, evolution, developments of varieties, processing frozen potatoes, chips, French fries, flakes, commercial production. In addition to this, it covers significant topics like potato cultivation, processing, development of various byproducts, and increasing the quality of Indian potatoes.
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