Potato flakes are flat chunk extracted from the mashed potato. To make potato flakes, the potatoes are treated through many processes like cooking, crushing, dehydrating, and packaging. These flakes are used as a thickener in many products to enhance its texture and taste. Potato is rich carbohydrates, proteins, minerals, and vitamins. Potato flakes can be used in various products and nutrients. They are light and are easy to digest. The packaging and storing of potato flakes are easy and they have a long shelf life and low cost.
Lamb Weston Holdings Inc., Goodrich Cereals, Lutosa SA, Patrwary Potato Flakes Ltd., Rixona B.V., Agarfrost GmbH & Co. KG, Nestle S.A. Inc., McCain Foods Limited, Basic Amercian Foods Inc., Bob’s Red Mill Natural Foods.
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COVID-19 Scenario Analysis:
- The COVID-19 has adversely affected the global potato flakes market.
- Demand for the potato and potato flakes is increasing, but the supply of such products has decreased.
- With changing weather, storage cost has also affected the financial condition of the company.
- In some countries, the government is providing subsidies to the factories to overcome the loss due to pandemics.
- Travel restriction has deeply affected the factories as the supply was banned.
- Also, due to quarantine, there is a lack of labor in the factories.
- Companies are facing a hard time meeting the demand from the consumer.
- The online distribution channel is the only means of delivery to the consumer.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
There is an increase in the potato flakes market demand with the growing trend of ready-to-eat food. The rise in the consumption of bakery products, soups, and other processed food, and use of potato flakes as a thickener, are the factors that drive the growth of the global potato flakes market. The increase in the restaurants and bakery can also support the growth of the global potato flakes market. The different uses of potato flakes like texturizing the snack pellets and other products can also contribute to the growth of the global market.
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The global potato flakes market trends are as follows:
- With the new technologies, the companies are adopting the method that reduces the side effects on the environment. With this, companies can save energy as well as cost and environment.
- Increase in use of the online platform also plays an important role in the growth of the product. The companies are focusing on promoting their products online and increasing their distribution channels. Manufacturers are also focusing on launching new products to attract the customers and survive in the market.
Key Benefits of the Report:
- This study presents the analytical depiction of the global potato flakes industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global potato flakes market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global potato flakes market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global potato flakes market analysis based on competitive intensity and how the competition will take shape in coming years.
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