Rockville, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Potato Flakes Sales to Surge at 5.9% CAGR, Exceeding US$ 12.8 Billion by 2033, Reports Fact.MR

Quick Crunch Craving Millennials to Boost Demand for Potato Flakes by 1.7x through 2033

The global potato flakes market is expected to reach US$ 12.8 billion valuation in 2033. A market value of US$ 7.2 billion is expected in 2023. From 2023 to 2033, the global potato flakes market is projected to grow at a steady 5.9% CAGR.

Potato flakes are flat pieces of dried mashed potatoes, which are obtained by boiling and mashing potatoes and shredding them with a roller. Increasing demand for ready-to-eat goods is a key factor driving considerable revenue growth for the market. Growing consumer awareness of flavonoids is also regarded as a crucial driver for the potato flake market. Flavonoids are present in abundance in potato flakes, and they are known for lowering levels of bad cholesterol.

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Report Attributes

             Details
Historical Data         2023 - 2032
Value Projection (2032)        US$ 12.8 Billion
Growth Rate (2022-2032)               5.9% CAGR
No. of Pages               170 pages
No. of Tables              54 Tables
No. of Figures             82 Figures

Key Takeaways:

Growth Drivers:

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Competitive Landscape:

Key players in the market are actively working to expand their presence in Asia Pacific, which is among the most dominant regional markets for potato-based foods. The companies’ core strategies involve expansion of their respective production capacities. Players are predicted to analyze their customers' consumption/purchasing habits to come up with innovative marketing strategies.

For instance,

Key Companies Profiled by Fact. MR

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More Valuable Insights on Potato Flakes Market

In this report, Fact.MR highlights important segments expected to drive the evolution of the global potato flakes market from 2023 to 2033. The study offers an examination of various growth drivers that are likely to boost sales of potato flakes through detailed segmentation such as:

By Sales Channel:

By Nature:

By End Use:

By Region:

Key Questions Covered in the Potato Flakes Market Report

Explore Fact.MR's Coverage in the Food & Beverages Domain

Frozen Potato Market: From 2022 to 2032, acceleration of the frozen potato market is projected to happen at a steady 6% CAGR. A US$ 109.72 billion market valuation is likely in 2032.

Agar Agar Flakes Market: The global bakery business is on the rise and several new types of bakery goods are being seen in the bakery retail space, increasing the demand for agar flakes. Imports of agar flakes into the United States market are being driven by increasing popularity of organic herbs and this is expected to boost the sales of the market.
Biscuit Shortening Flakes Market: According to the latest study by the Fact.MR the market for biscuit shortening flakes is predicted to grow with a CAGR of 6.3% in the forecasted era.

Non-Potato Veggie Chips Market: The global non-potato vegetable chips market is anticipated to grow at a modest CAGR of 4.8% during the forecast period. Producers operating in the potato-free vegetable chips market are estimated to see great opportunities as the demand for non-GMO and gluten-free snack foods rises

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