Asia Pacific Potato Market Outlook

Synopsis
The above chart is Asia Pacific Potato Market Outlook (2018 to 2032)

Market Dynamics

the asia pacific region is a major importer and exporter of potatoes. despite the global food market size and growth trends, the potato market outlook in the asia pacific region is likely to be highly impacted by various environmental, political, economic, and social factors. during the 2018-2026 period, asia pacific was forecast to be the largest importer of potatoes and its import value is expected to reach $3.2 billion by 2026. this will be driven by an increasing population in the region compared to other regions, growing urbanization, rising incomes, and the growing demand for potato related products across the region. however, in 2018, india was the largest exporter of potatoes in the asia pacific region, accounting for over half of the region’s total exports. other countries such as china, pakistan, and bangladesh are also significant contributors to the region’s potato exports. the emergence of e-commerce in india has also led to an increase in exports due to its wider access to consumers. in terms of the asia pacific potato market outlook for 2018 to 2032, the gradual shift to organic and sustainable production is expected to benefit the long-term potato market outlook in the region, thereby helping it sustain its ample international trade potential. the market is also likely to benefit from increased investment in research and development related to pest and productivity control. moreover, the growing demand for convenience, premium, and convenience foods in the asia pacific region, such as potato chips and french fries, is likely to positively influence the potato market outlook in the region. the increasing demand for these products and the continued development of innovative food processing technologies will help potato-related companies capitalize on growth prospects in the region. in the coming years, the potato market outlook in the asia pacific region will be shaped by the various socio-economic factors currently influencing the region. in particular, the market outlook is likely to be heavily influenced by changes in agricultural policies, the impact of climate change on production and supply, and changes in consumer preferences.