The humble potato has long been a staple of the hospitality industry palette, and accordingly to prepare this and other vegetables on a commercial scale requires specialist appliances. But what is the market outlook for this type of kit – should manufacturers be entering the sector or upping their stocks, or should distributors be sitting up and taking note of any trends? To assist any curious minds, India-based research company 360 Market Updates has published the ‘Potato Peeler and Slicer Equipment Market Report’, focusing on the potato processing equipment sold by distributors to end users in commercial and industrial set-ups. The research focuses on the 2017-2021 period and forecasts a compound annual growth rate of 7.66% throughout that term. According to the research firm, this positive prediction is mainly due to increasing replacement demand from developed economies, the growing number of foodservice establishments, and rising demand for new units of potato peeler and slicer equipment from emerging economies.
360 Market Updates also feels that the increase in the number of potato processing plants will also help propel the market’s growth during the forecast period. One of the main market drivers is said to be the growing demand for potato-based snacks. (Source: cateringinsight.com)