Potato and Yam Derivatives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Potato & Yam Derivatives Market is segmented By Source (Potato, Sweet Potato, Yam), By Derivative (Starch, Protein, Flour, Feed, Whole, Tapioca, Others), By Application (Food, Animal Feed, Fermented Beverages, Others), By Distribution Channel (Supermarkets/Hypermarkets, Online Sales, Specialty Stores, Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Potato & Yam Derivatives Market Size

Global Potato & Yam Derivatives Market reached USD 612.3 billion in 2022 and is expected to reach USD 781.6 billion by 2030 growing with a CAGR of 3.1% during the forecast period 2024-2031. Potato and yam derivatives are a valuable source of nutrients, including carbohydrates, protein, fiber, vitamins, and minerals.

They are also a good source of antioxidants, which can help protect the body from damage caused by free radicals. Some common potato and yam derivatives include potato flakes, potato starch, potato protein, sweet potato puree, and yam flour. 

The global market for potato and yam derivatives is expected to grow in the coming years. This growth is being driven by the increasing demand for plant-based foods, as well as the growing popularity of snacks and convenience foods. They are versatile and can be used in a variety of dishes. They are gluten-free and can be used in products for consumers with gluten allergies or intolerances.

Potato & Yam Derivatives Market Scope

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Potato & Yam Derivatives Market Dynamics

Increasing Demand for Plant-Based Foods is Driving the Potato & Yam Derivatives Market Growth

The increasing demand for plant-based foods is certainly driving the growth of the potato and yam derivatives market. This shift in consumer preferences can be attributed to several factors, including health focus, environmental issues, and moral issues. According to a study published in the Journal of the American Heart Association, replacing animal-based proteins with plant-based proteins can help reduce the risk of heart disease.

For instance, the Global Burden of Disease Study found that a diet rich in plant-based foods is associated with a lower risk of developing chronic diseases such as obesity, diabetes, and certain types of cancer. According to the Food and Agriculture Organization (FAO), livestock production accounts for approximately 14.5% of global greenhouse gas emissions.

Growing Demand for On-The-Go Snacks and Convenience Foods is Expected to Drive the Potato & Yam Derivatives Market Growth

The fast-paced lifestyle of modern consumers has led to an increased demand for convenient and ready-to-eat snacks and foods. A study published in the Journal of the Academy of Nutrition and Dietetics found that the consumption of convenience foods has increased significantly over the past few decades. The US Bureau of Labor Statistics reported that Americans spent an average of 4.7 hours per day on food preparation and cleanup in 2020, highlighting the desire for quick and convenient food options.

The rise of snacking as a prevalent eating habit has fueled the demand for on-the-go snacks. A report by Technomic, a food service research and consulting firm, revealed that snacking occasions accounted for 50% of all eating occasions in the United States in 2020. The same report indicated that consumers are increasingly seeking healthier snack options, driving the demand for plant-based snacks derived from potatoes and yams.

Seasonal Availability of Potato & Yams is Restraining the Potato & Yam Derivatives Market

Potatoes and yams are usually harvested during specific seasons, depending on the region and climatic conditions. For instance, potatoes are generally harvested in the overdue summer season and fall in regions, while yams have different harvesting durations depending on the variety and place. The limited harvest duration restricts the availability of clean potatoes and yams for processing into derivatives throughout the year.

The seasonal availability of potatoes and yams affects the supply of raw materials to produce derivatives. During the off-season or when fresh produce is not available, manufacturers may have to rely on stored or frozen potatoes and yams, which may not be as desirable for certain types of derivatives or may result in additional processing steps. This reliance on stored or frozen produce can impact the quality and consistency of the raw materials, potentially affecting the final product.

Potato & Yam Derivatives Market Segment Analysis

The global potato & yam derivatives market is segmented based on source, application, derivative, distribution channel, and region.

Potato Segment Holds the Largest Market Share in the Potato & Yam Derivatives Market

Potatoes are one of the most widely consumed and versatile plants globally, with a protracted history of cultivation and consumption in diverse areas. According to the Food and Agriculture Organization (FAO) of the United Nations, global potato production reached over 376 million metric tons in 2021, making it the fourth most important crop in terms of global food production.

Potatoes offer an extensive range of applications and may be processed into diverse derivatives, along with but not limited to, potato chips, French fries, mashed potatoes, dehydrated potato flakes, and potato starch. The versatility of potatoes allows for the creation of different textures, flavors, and forms, catering to diverse preferences and culinary needs. The popularity of these potato derivatives within the food industry contributes to the significant market share held by using the potato segment.

Global Potato & Yam Derivatives Market Geographical Share

Europe is Dominating the Potato & Yam Derivatives Market

Europe is a major player in potato production, with numerous international countries in the region being leading potato producers. According to the Food and Agriculture Organization (FAO) of the United Nations, the top potato-producing countries in Europe include Russia, Germany, Ukraine, Poland, and the Netherlands. The significant potato production capacity in Europe offers a strong basis for the region's dominance in the potato and yam derivatives marketplace.

Potatoes had been a staple food in many European nations for centuries, deeply ingrained within the local culinary traditions and consumption habits. European consumers have a high affinity for potato-based products, consisting of mashed potatoes, fries, chips, and different potato derivatives. This traditional choice of potato-based foods contributes to the dominance of Europe in the potato and yam derivatives market.

Potato & Yam Derivatives Market Companies 

The major global players in the market include Agrana Beteiligungs – AS, Emsland, Pepees S.A., Tate & Lyle, Ingredion Incorporated, Basic American Foods, Keystone Potato, Avebe, Olu Foods, and Tereos.

COVID-19 Impact on Potato & Yam Derivatives Market

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

Covid-19 Impact:

The pandemic led to disruptions in global supply chains, including the transportation and logistics networks involved in the potato and yam derivatives market. Restrictions on movement, lockdown measures, and reduced workforce availability affected the timely transportation of raw materials and finished products. These disruptions resulted in challenges in procuring raw materials, processing them into derivatives, and distributing them to retailers and consumers.

By Source

• Potato
• Sweet Potato
• Yam

By Derivative

• Starch
• Protein
• Flour
• Feed
• Whole
• Tapioca
• Others

By Application

• Food
• Animal Feed
• Fermented Beverages
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Online Sales
• Specialty Stores
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In June 2023, Lay’s Brand under PepsiCo partnered with Transcom Consumer Products to launch Lay’s chips in Bangladesh. The initiative will help the company to meet the local demand for Lay’s chips in the country.
• In June 2023, Australia-based agri-tech company Elders and UK-based insight system Harvest Eye provide potato farmers with up-to-date information on their crops.
• In June 2023, PepsiCo India Collaborated with an agriculture crop company Cropin to launch a crop intelligence platform for monitoring potato yields. The platform uses remote sensing data and satellite imagery to assist farmers.

Why Purchase the Report?

• To visualize the global potato & yam derivatives market segmentation based on source, application, derivative, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of potato & yam derivatives market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study. 
• Product mapping is available as Excel consists of key products of all the major market players.

The global potato & yam derivatives market report would provide approximately 69 tables, 73 figures, and 190 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies