What Is the Potato Processing Industry?

Potato consumption is migrating away from raw potatoes and toward manufactured food products. Potatoes are processed to improve their taste, flavor, and shelf life. Frozen potatoes, which include French fries provided in most quick-service restaurants (QSRs) around the world, are one of the most popular commodities in the processed potato market. Potato crisps, another manufactured product, are the most popular snack foods in developed countries.

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In the food sector, potato flour is used to bind meat mixtures and thicken gravies and soups. Potato starch is transformed into fermentable sugars that are used in alcoholic beverages in some countries.

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Scope of Potato Processing Industry

The potato processing industry is thriving, and it's going through a time of expansion, thanks to rising global demand for vegetarian foods, the growth of the hospitality business, hotel dining, the growth of the processed food industry, and customer desire for higher quality and sustainability. Globally, the processed food industry sector is worth more than 2.2 trillion dollars, with over 420,000 enterprises.

Potatoes can be boiled, fried, or baked and used in a wide variety of dishes, including potato pancakes, potato dumplings, mashed potatoes, twice-baked potatoes, potato soup, and many others.

Potato Processing market Regional Outlook

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North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and the Middle East, and Africa make up the global potato processing market. Because of the presence of big potato processing companies in these regions, Europe and North America are expected to dominate the potato processing industry.

For factors such as government policy, foreign direct investment, and mergers and acquisitions, major participants in the potato processing business are concentrating their efforts in the Asia Pacific area. In the projected period, the potato processing market is expected to be driven by growth in potato output in the Asia Pacific region.

The potato processing market is predicted to rise in developing nations such as India and China as urbanization increases.

India in Comparison to Other Countries

The Indian economy is mostly Agro-based, with approximately 58 percent of the people directly employed in agricultural vocations, which are the primary source of income. Many fruits and vegetables are produced in abundance in the country, with the country ranking first or second in the globe. India is the world's second-largest producer of potatoes, with an anticipated 52 million tonnes produced in 2019.

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In advanced countries, the percentage of potatoes processed surpasses 65 percent, contributing significantly to the development of their rural economies. The notion of potato processing and value addition into a varied product range began about 20 years ago in India with the production of Potato Chips. PepsiCo was inspired by the product's commercial success and consumer approval to build more processing facilities for Potato Chips, which prompted a few more domestic companies to follow suit.

After that, McCain, a Canadian company, opened their plant in 2008, and HyFun Foods opened its first processing plant in Gujarat in 2015 to produce frozen French fries and potato specialties.

Advanced Technologies and Government Support

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India has adopted new technologies and sophisticated farming practices for seed potato multiplication in recent years, yielding significant returns in terms of potato quality, improved yields, and prolonged shelf life in contemporary cold storage.

The following are the areas in which government agencies should assist the potato processing industry:

· They assist in raising public awareness about the consumption of processed potato products.

· CPRI, as well as private sector R&D institutions participating in the development of newer potato varieties, should be encouraged, facilitated, and given enough financial support.

· To aid the raw potato post-harvest handling system so that wastages caused by handling and transportation can be avoided, as well as made more cost-effective.

· Because Frozen Potato Products have such a high global demand, financial aid is urgently needed for promotion and advocacy efforts through venues such as exhibits, trade shows, and hosting buyer-seller meetings.

· The MoFPI and other government agencies, such as APEDA, should commission studies from expert consultants to identify new global markets for India's diversified potato products.

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Assumptions for Profitability workings	Plant Economics
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Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
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Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
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Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR