The Potato Snacks Market to Grow in the Next Decade

The potato snacks market was valued at around USD80.6bn in 2020 and is set to witness growth at a CAGR of 4.4% over the forecast period of 2021 to 2031.

In the same respect, the market for potato snacks is expected to expand at CAGRs of 5.8% and 6.1% in countries of Latin America and the Middle East & Africa, respectively, through 2031. Market shares of South Asia and East Asia are 9.1% and 26.7%, respectively, in 2021, according to Persistence Market Research.

Growing consumer preference for healthy snack items is driving the sales of potato-based snacks across the world. Based on product type, demand for canned potatoes is expected to increase at a CAGR of 4%.

On the other hand, ready-to-cook products hold the highest market share. Germany and Mexico in the European and Latin American regions, respectively, are set to experience the highest growth rate at CAGRs of 4.2% and 6.5%.

Searching for Potato Processed Products with Low Fat and Salt

These days, potato snacks are increasingly used in the food-service sector for creating various dishes and as a snack item across households.

“Different types of potatoes are used in the making of potato-based snacks, which gives a unique taste and makes the dish more attractive for consumers. Consumers are also preferring the addition of cauliflower, rice, mushroom, and spaghetti in potato-based products, which makes it beneficial and also reduces the number of carbohydrates,” the above-mentioned company’s experts added.

Since consumers prefer low-carb diets, manufacturers are developing new potato processed products with low fat and salt. Vegetable-based alternatives are mainly utilized in potato processed products. These potato-based snacks also serve as appetizers, potato-based titbits, and potato munchies for consumers.