Global Potato & Yam Derivatives Market - 2023-2030

Market Overview

Global Potato & Yam Derivatives Market reached US$ 612.3 billion in 2022 and is expected to reach US$ 781.6 billion by 2030 growing with a CAGR of 3.1% during the forecast period 2023-2030.

Potato and yam derivatives refer to various products and ingredients that are derived from potatoes and yams through processing and refining techniques. These derivatives serve as versatile and valuable ingredients in the food industry and other applications. Yam derivatives are products obtained from yams, which are starchy tuber vegetables. They include various forms such as yam flour and yam granules.

Consumers are increasingly seeking clean label and natural food products, including derivatives derived from potatoes and yams. They prefer ingredients with minimal processing and without artificial additives, preservatives, or genetically modified organisms (GMOs). Manufacturers are responding to this trend by offering clean label potato and yam derivatives.

Market Dynamics

Versatility and Application Diversity is Driving the Potato & Yam Derivatives Market

Potato and yam derivatives can be processed into a wide range of products, including but not limited to potato chips, French fries, mashed potatoes, potato starch, yam flour, and dehydrated potato flakes. This diverse product range caters to various consumer preferences and culinary applications, from snacks to side dishes and from bakery to convenience foods.

Potato and yam derivatives serves as versatile substances inside the food industry, offering functional properties such as thickening, stabilizing, binding, and texturizing. They are used in the production of bakery goods, sauces, soups, gravies, snacks, confectionery, ready-to-eat meals, and many different food products. Those derivatives enhance the texture, taste, and typical high-quality of the end up products, providing manufacturers with opportunities for product differentiation and innovation.

Rising Health Consciousness of the Consumers is Expected to Foster the Potato & Yam Derivatives Market

Potatoes and yams are nutrient-rich vegetables that offer essential vitamins, minerals, and dietary fiber. According to the USDA National Nutrient Database, potatoes and yams are good sources of potassium, vitamin C, and vitamin B6. These nutritional attributes contribute to the perceived health benefits of potato and yam derivatives.

Health-conscious consumers prioritize natural and whole foods in their diets, avoiding heavily processed and artificial ingredients. Potato and yam derivatives can align with this preference, especially when derived from organic or minimally processed sources. Natural derivatives such as potato starch or yam flour are often considered healthier alternatives to synthetic thickeners or refined flours.

Processing Complexities Associated with Potato & Yam Derivative is Hindering the Potato & Yam Derivatives Market

The establishment of processing facilities for potato and yam derivatives requires a significant capital investment. Processing equipment, infrastructure, and technology must be in place to ensure efficient and effective processing operations. The high initial investment required can be a deterrent for smaller players or new entrants in the market.

The production of potato and yam derivatives often requires specialized equipment and expertise. Specific processing techniques, such as peeling, slicing, drying, and milling, are involved in obtaining derivatives like starch, flakes, or flour. These processes require knowledge and skills to ensure consistent quality and adherence to safety and hygiene standards.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

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

By Derivative, the Starch Segment is Estimated to have Significant Growth During the Forecast Period

Starch derived from potatoes and yams is a versatile ingredient in numerous industries, inclusive of food, pharmaceuticals, paper, and textiles. It serves as a thickening agent, stabilizer, binder, and texturizer in food products, contributing to their desired texture, consistency, and stability. The versatility and huge variety of applications make starch a vital component in many products, driving its massive market share.

Starch is extensively used in the food industry due to its functional properties and wide-ranging applications. According to the Food and Agriculture Organization (FAO) of the United Nations, global starch consumption reached over 119.6 million metric tons in 2020. Starch is also used in bakery products, confectionery, snacks, and processed foods for its texture-enhancing and binding properties. The extensive use of starch in the food industry contributes to its dominance in the potato and yam derivatives market.

Geographical Analysis

North America is the Fastest Growing Market in the Potato & Yam Derivatives Market

North America has witnessed a growing consumer demand for healthy and natural ingredients in food products. Potato and yam derivatives, such as starches, flours, and flakes, are perceived as natural ingredients and align with the clean label and natural food trends. The preference for clean label products and the emphasis on natural and organic ingredients have driven the demand for potato and yam derivatives in North America.

The North American market has experienced a surge in the popularity of plant-based and gluten-free food products. Potato and yam derivatives provide valuable options for manufacturers to develop plant-based alternatives, gluten-free options, and innovative products that cater to changing consumer preferences. This trend has contributed to the rapid growth of the potato and yam derivatives market in North America.

Competitive Landscape

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.

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 2023

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