Russia Potato Market Outlook

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

Market Dynamics

the russian potato market is anticipated to experience steady growth over the forecast period of 2018 to 2032, driven by an increase in demand for potato products from food processors, food service industries, retail outlets, and direct consumers. the increasing awareness regarding healthful diet benefits of potatoes is expected to drive the market for potatoes in russia in the forecast period. the government of russia has been promoting the cultivation and consumption of potatoes in an effort to promote the nation as an important player in the global potato market. due to the ability of potatoes to absorb flavors and nutrients, there has been an increase in demand for processed potato products such as chips, french fries and hash browns. the popularity of convenience food in russia has further boosted the demand for processed potato products. russia’s favorable climate and soil conditions suitable for potato production are expected to result in increased production of potatoes in the forecast period. this increased production of potatoes is expected to create an ample supply of potatoes for the domestic market, indicating stable potato prices in the forecast period. manufacturers are expected to exploit the cost advantage of domestically produced potatoes through sales of processed potato products. the adoption of food safety standards, food security measures, and introduction of organic potatoes are other key factors expected to positively shape the diverse market conditions of the potato procurement landscape. to ensure fair prices and standards for potatoes in the domestic market, the government of russia has been focusing on production, manufacturing, and marketing of potato products domestically. the robust potato processing infrastructure in the country is expected to drive the sales of value added potato products during the forecast period. retailers and distributors are expected to introduce healthy potato products for direct consumption, such as mashed potatoes which are rich in dietary fiber and complex carbohydrates. furthermore, russian consumers are expected to consume frozen potatoes during the forecast period as frozen potatoes are more convenient and shelf stable. overall, the russians potato market is forecasted to experience steady growth over the forecast period of 2018-2032, driven by increasing potato production, convenience food trends, and food safety regulations.