Global Potato Flour Market to Reach US$ 7,621.1 Million by 2032, Augmented by Advancements in Processing and Packaging

February 13, 2024 | Food & Beverages

According to the latest report by IMARC Group, titled “Potato Flour Market Report by Type (Industrial Grade, Food Grade), Application (Food Industry, Paper Industry, Textile Industry, Feed Industry, and Others), and Region 2024-2032,” the global potato flour market size reached US$ 5,765.0 Million in 2023. Potato flour is derived from whole potatoes that undergo washing, peeling, cooking, and drying. It has a high-water absorption capacity, which can significantly enhance the moisture content of food products. It has a fine granule size and relatively bland taste, which makes it an excellent binder and thickener without altering the flavor profile of the dish. It is rich in vitamins and minerals, including Vitamin C, B vitamins, iron, and potassium. It is also a good source of dietary fiber, which is beneficial for digestive health. It is free from common allergens like nuts, soy, and dairy, making it suitable for people with various food sensitivities. It is a low-fat, cholesterol-free ingredient, aligning well with heart-healthy diets. Its ability to blend seamlessly into a variety of recipes makes it an invaluable ingredient in diverse culinary traditions.

Global Potato Flour Market Trends:

At present, the rising utilization of potato flour in baking products for its texture and flavor enhancement represents one of the key factors impelling the market growth. Additionally, the growing advancements in processing and packaging are enhancing the quality and shelf life of potato flour, thereby making it more appealing to consumers and manufacturers. Besides this, the rising shift towards plant-based diets is encouraging the adoption of potato flour as a vegan-friendly ingredient. Moreover, the increasing strategic expansion of distribution channels by manufacturers and suppliers is ensuring wider availability and accessibility of potato flour in different regions. In addition, the growing awareness about the health benefits of potato flour, such as its high vitamin and mineral content and resistant starch properties beneficial for gut health, is offering a favorable market outlook. Furthermore, the rising development of new potato varieties through advanced agricultural techniques, including genetic modification and hybridization, is influencing the quality and characteristics of potato flour. Looking forward, the market value is projected to reach US$ 7,621.1 Million by 2032, expanding at a CAGR of 3.15% during 2024-2032.

Market Summary:

  • Based on the type, food grade represents the largest segment, followed by industrial grade.
  • On the basis of the application, the market has been segregated into food, paper, textile, feed, and other industries. The food industry currently dominates the market, holding the largest share.
  • Region-wise, the market has been divided into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Ardent Mills, August Töpfer & Co. (GmbH & Co.) KG, Authentic Foods, Bob's Red Mill Natural Foods, Health Connection Wholefoods, Idaho Pacific Holdings Inc., Keystone Potato Products LLC, King Arthur Baking Company, and Rakusens Limited.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Type
  • Application
  • Region
Types Covered Industrial Grade, Food Grade
Applications Covered Food Industry, Paper Industry, Textile Industry, Feed Industry, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ardent Mills, August Topfer & Co. (GmbH & Co.) KG, Authentic Foods, Bob’s Red Mill Natural Family, Health Connection Wholefoods, Idaho Pacific Holdings Inc., Keystone Potato LLC, King Arthur Baking Company, Rakusens Limited, etc.
Customization Scope 10% Free Customization
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Potato Flour Market to Reach US$ 7,621.1 Million by 2032, Augmented by Advancements in Processing and Packaging
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