Potato Grower

January 2020

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WWW.POTATOGROWER.COM 61 Humidifiers 208.970.0091 The Best Value In The Industry www.groupagproducts.com 4072-61GroupAg13s.indd 1 12/12/19 3:55 PM HOLST TRUCK PARTS 10209 North Yellowstone Highway • Idaho Falls, ID 83401 208-522-1788 • 800-769-5688 - holsttruck@atcnet.net • www.holsttruck.com If it's on a truck We sell it! Truck specialists in the ag industry NEW & USED ENGINE PARTS NEW & USED BODY PARTS NEW & USED TRANSMISSION & DIFFERENTIALS All Parts Guaranteed All Parts Guaranteed TRANSMISSION DIFFERENTIALS 2366-9HolstTruck13s.indd 1 10/8/19 1:47 PM several years. This will further impact developments and demand for potato flakes. Ecommerce Should Fuel Sales Growth Growth of ecommerce, internet proliferation and an increase in online stores, in comparison with review sites, are key transformations that have facilitated consumers to compare price levels of potato flake product variants. Greater availability of inherent intelligence on products, and other relevant details such as details of producer and the crop's origin, has resulted in greater product transparency in the potato flakes market, thereby favoring its growth. Additionally, competitive pricing of potato flake products, coupled with various profitable coupons or offers involved in online purchases are expected to bode well for the future growth of the potato flake market. Asia-Pacific excluding Japan (APEJ) continues to remain the mainstay for potato flake manufacturers, as the region is home to world's leading food producers, exporters and importers. Future growth opportunities for the potato flake market in APEJ are immense, on account of huge demand for nutrition- rich processed food from a growing middle-class population. Heightened pace of activities among players who seek entering or consolidating their position, in tandem with massive alterations in consumer lifestyle made by the ripple effects of urbanization, are key factors impacting the growth of APEJ's potato flake market. Growth of the potato flake market will also be impacted by stagnant GDP growth in most prominent economies, and disparate recovery and growth estimated for the same in the foreseeable future. Emerging and developing nations are expected to significantly contribute to expansion of the potato flake market on account of their improving consumer lifestyles and lucrative opportunities paved by the rise in the fast-moving consumer goods sector in these countries. Overall, according to the Fact.MR report, prospects of the potato flake market continue to remain promising in the forthcoming years.

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