Global Frozen Potato Market Booms as Developing Countries Boost Production and Exports

Developing countries are set to expand their share in global potato production and processing, signaling a major shift in the industry. RaboResearch forecasts significant growth in the light potato market, particularly in processed products, with frozen potato fries gaining popularity worldwide.

It appears that between 2019 and 2024, international trade in frozen potato products grew sharply, and export volume increased from USD 7.7 billion to USD 13.2 billion. Market growth and price increases Due to a sharp increase in export costs, the amount of money spent on growing and processing potatoes increased significantly.

For the past five years, the United States has been the main force driving increased imports of processed frozen potato products, with imports also rising from Great Britain, Mexico, Saudi Arabia, Germany, Spain, and many other countries.

Experts note that developing markets such as China and India have shifted from being pure importers to exporters, thanks to significant expansion of their domestic processing capacities.

The rate of processed potato products per capita is still relatively low outside of America, Europe and Oceania, but it is also growing rapidly in other regions, such as Asia, the Middle East and Latin America.

Analysts predict that in the near future, developing regions will continue to increase their share in potato cultivation and processing, which will influence both crop competitiveness and related market growth.

In the US and Europe, average yields are still high, and their further developments pose even more difficult tasks for producers. In addition, such visas, due to extreme weather conditions and regulatory restrictions (protected to protect the plants), allow the Netherlands to expand the export of pumpkin potatoes, which would become close to half of the world exports, it was intended at RaboResearch.