The global market for potato and potato products in the current and forecast period

Abstract

PURPOSE: The main task of the paper is to present the role and importance of potato in solving the world food problem, especially when it has become one of the most important food crops with high nutritional value and productivity.

APPROACH/METHODOLOGY/DESIGN: Within the study, general scientific methods of analysis and synthesis, such as generalization, comparison, abstract-logical analysis, index method, etc. were used.

FINDINGS: The potato agro-food sector is the most important component of the country’s economy, ensuring food security and the quality of life of the population. Potato gives significantly more calories per hectare of land compared to other vegetable crops. Wheat and rice products were considered the most carbohydrate-containing foods in the world, an increasing number of countries have a tendency to switch to potato.

PRACTICAL IMPLICATIONS: The results of the performed analysis are necessary for assessing the level of food security and for the growth of export of potato products in the world. One of the reasons for the growth of potato consumption is the development of the market for potato products (fries, chips, potato flour, potato starch, potato flakes and granules, dried potato puree, etc.), which are in demand in the consumer market.

ORIGINALITY/VALUE: The trends in the dynamics of potato production and consumption have been evaluated, and the forecast for the sustainable development of potato production in China has been made. The results of the analysis are necessary to assess the level of food safety and to develop a strategy that takes into account the current trends in the global potato market. Prospective directions for the sustainable development of the potato products market in the Republic of Belarus have been developed.