India Potato Market Outlook

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

Market Dynamics

india’s potato market outlook for the period 2018 to 2032 is an encouraging one due to its current standing in the international market. as one of the largest potato producers and consumers, india’s potato production and exports have grown rapidly in recent years, signifying its foothold in the global market. historically known for its culture and cuisine utilising potatoes, india’s potato market has seen a surge in production since the 1990s when efficient irrigation systems were put in place and many of the potato producing states began to adopt modern production technologies. india’s potato production is mainly driven by domestic demand as well as export opportunities. over the past few years, india has seen a steady increase in potato production, with nearly 48.3 million metric tonnes of potatoes produced in 2019. in fact, the country was accounted for the highest production in terms of volume in the field of global potato production. while india is currently a leading producer of potatoes, its focus on domestic consumption accounts for the majority of its production. in the coming years, the demand for potatoes in india is expected to remain strong with growing urbanisation and advancements in potato production and storage techniques. the increased demand for processed products is expected to be a major driver for the growth of the potato market in india over the coming years. with an increase in demand comes greater production and with this comes an emergence of new opportunities to enter the market. in the current scenario, the cold-storage facilities in india have improved, allowing for improved processing and storage of potatoes. this has provided a great boost to the potato industry in india as storage and transportation of high-quality potatoes become more efficient in terms of time and money. however, the main challenge for the industry is price volatility due to the unpredictable weather conditions, which have the potential to cause supply transitions. in order to combat these issues, some measures have been taken to stabilise the prices by increasing the output of potatoes and encouraging private players to enter the potato market. overall, it is expected that india’s potato market will remain strong and show growth in the coming years as domestic and international demand increase. with the developments seen in the industry, india’s potato market is expected to continue to remain at the forefront of the global market.