Potato Flakes Market Upcoming Progress and Competitive Landscape by 2018 to 2028
FactMR, in its latest business intelligence study, depicts the nuts and bolts of the global potato-flakes market. The potato-flakes report presents detailed information regarding the drivers, restraints, opportunities and trends affecting potato flakes market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the potato-flakes report elaborates the market behavior of each vendor operating in the potato-flakes market.
The potato-flakes report considers the following years to present the overall market growth:
- History Year: 2013 – 2017
- Estimated Year: 2028
- Forecast Year: 2018 – 2028
Government initiatives toward aiding entrepreneurs in successful setting up of potato flakes production units, and providing them with radical technical intelligence will continue to bode well for developments and sales of potato flakes in the near future.
A recent study of Fact.MR envisages the potato flakes market to record a splendid 7.0% value CAGR through 2028. Fast growth of food chains worldwide, beyond metros in destinations of tourist interest, is another key growth influencer of the potato flakes market.
Key findings of the potato-flakes market study:
- Regional breakdown of the potato-flakes market based on predefined taxonomy.
- Innovative manufacturing processes implemented by potato-flakes vendors in detail.
- Region-wise and country-wise fragmentation of the potato-flakes market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global potato-flakes market.
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Organized and planned approach of modern trade formats to distribution and logistics management, and demand aggregation across diverse product ranges, have significantly impacted sales of potato flakes worldwide. Potato flakes sales are likely to grow on the efforts of modern trade retailers in maintaining their fill rate above safety stock, for balancing the inventory across the economic order quantity. Supremacy of modern trade in the potato flakes market is foreseen to prevail, despite relatively slower sales conversion estimated for the period, 2018 to 2028, according to the study.
However, specialty stores are fast permeating the potato flakes market, with sales growth forecast to record a relatively faster pace through 2028. Challenges apropos of competition from modern trade channels are more than offset by shifting consumer preference for all-natural, premium foods, which have a direct influence on growth of the potato flakes market. The potato flakes market is likely to benefit immensely from attractive product presentation, clear market position, and excellent maintenance of customer relations observed in specialty stores.
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Demand for potato flakes will also be impacted by shifting consumer preference toward consumption of food & beverage products that are rich in nutrition. Efforts of leading players in realizing new product developments and innovations, for gaining a competitive edge and better positioning of their brands, will also remain a key growth influencer for the potato flakes market in the forthcoming years.
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