Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 1399.39406946484 USD Million |
| 2019 | 1268.59814462699 USD Million |
| 2020 | 1188.96493889271 USD Million |
| 2021 | 1147.5720725014 USD Million |
| 2022 | 1167.01563176541 USD Million |
| 2023 | 1188.55062404554 USD Million |
| 2024 | 1214.59207554487 USD Million |
| 2025 | 1244.18131899882 USD Million |
| 2026 | 1278.73445460302 USD Million |
| 2027 | 1317.31892055609 USD Million |
| 2028 | 1379.44167878632 USD Million |
| 2029 | 1447.18971084044 USD Million |
| 2030 | 1521.09229167721 USD Million |
| 2031 | 1601.73960214825 USD Million |
| 2032 | 1689.79018905357 USD Million |
Data Source: Wantstats Repository
Market Dynamics
. The outlook for potato demand in North America is positive for the immediate future and beyond. This is because the region is a major player in the global potato production and consumption due to its vastness and more than a billion consumers. North America is also becoming an increasingly attractive destination for potato processors, as they have access to high quality potatoes grown in optimal and controlled environmental conditions, making them marketable for both domestic and global markets. Not only is the demand for potatoes positive due to its dietary presence and versatility, potatoes also remain an important source of carbohydrates for many cultures in North America. As a result, potatoes are increasingly viewed as a dietary staple, instead of simply a side dish. With food and trends such as "Low Carb", potatoes may be highly in demand due to their nutrient (including high levels of potassium, phosphorus, and magnesium) and health benefits (due to many antioxidants composed in potatoes).
The region can also count with innovative technology such as packaging and sorting that allows potato processors to have potatoes ready for sale, some even in convenient bags and packaging, as well as improved storage conditions that can preserve the quality. When it comes to the potato industry in North America, the shift towards sustainable potato varieties and organic farming results in higher demand for quality products, driving premium potatoes sales. Additionally, North American consumers are becoming more aware of the sustainable production process and are willing to pay for fresh and quality food products. In the long-term, the demand for potatoes in North America is likely to continue its growth trajectory due to the vast potential of the region (including population growth, urbanization, and increasing incomes). Furthermore, technology will be increasingly used to increase quality assurance for processors, leading to convenience and tastier potatoes with greater shelf life.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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