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Processed potatoes market to grow by 4.82% Y-O-Y from 2022 to 2023: Increasing prominence of private-label brands will drive growth – Technavio

Processed potatoes market to grow by 4.82% Y-O-Y from 2022 to 2023: Increasing prominence of private-label brands will drive growth – Technavio
PR Newswire
NEW YORK, Jan. 30, 2023

NEW YORK, Jan. 30, 2023 /PRNewswire/ — Processed potatoes market in…

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Processed potatoes market to grow by 4.82% Y-O-Y from 2022 to 2023: Increasing prominence of private-label brands will drive growth - Technavio

PR Newswire

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- Processed potatoes market insights -

  • Vendors: 15+, including Burts Snacks Ltd., Calbee Inc., Campbell Soup Co., Cooperatie Koninklijke Avebe U.A., Cooperatie Koninklijke Cosun UA, Farm Frites International B.V., Groupe Limagrain Holding, Idahoan Foods LLC, J.R. Short Milling Co., J.R. Simplot Co., Kellogg Co., Lamb Weston Holdings Inc., LENG DOR S.A.U., McCain Foods Ltd., Old Dutch Foods Ltd., PepsiCo Inc., Pfeifer and Langen GmbH and Co. KG, SZVG eG, The Kraft Heinz Co., The Little Potato Co., among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: Distribution channel (offline and online), product (potato chips, potato flakes, potato starch, frozen French fries, and others), end-user (foodservice sector, retail sector, and industrial sector), and geography (North America, Europe, APAC, South America, and Middle East and Africa)

To understand more about the processed potatoes market, request a sample report

The processed potatoes market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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  • Analyzes competitor's offerings 
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In 2017, the processed potatoes market was valued at USD 124.87 billion. From a regional perspective, North America held the largest market share, valued at USD 41.27 billion. The processed potatoes market size is estimated to grow by USD 41.71 billion from 2022 to 2027 at a CAGR of 5.2%, according to Technavio.

Processed potatoes market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity
  • For highlights on customer landscape analysis, download a sample!

Global processed potatoes market - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies, such as entering into mergers and acquisitions to expand their business operations. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including -

  • Burts Snacks Ltd. - The company offers processed potatoes such as sea salt malt vinegar, lightly sea salted, spicy sweet chilli, and prawn cocktail.
  • Cooperatie Koninklijke Cosun UA - The company offers processed potatoes such as mashed potato spinach, mashed potato fine herb, sweet potato cubes, and sweet potato fries.
  • Farm Frites International B.V. - The company offers processed potatoes such as fries and wedges.

Global processed potatoes market – Market dynamics

Major drivers

  • Growing focus on expanding production capabilities for potato processing
  • Growth of organized retailing
  • Increasing prominence of private-label brands

Key challenges

  • Stringent government regulations
  • Growing popularity of competitive products
  • Growing demand for homemade and street potato snacks

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this processed potatoes market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the processed potatoes market between 2023 and 2027
  • Precise estimation of the size of the processed potatoes market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the processed potatoes market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of processed potatoes market vendors

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Related Reports:

The processed vegetable market is estimated to grow at a CAGR of 10.39% between 2022 and 2027. The size of the market is forecasted to increase by USD 76.55 billion. This report extensively covers market segmentation by product (canned vegetables, frozen vegetables, and fresh-cut vegetables), distribution channel (hypermarkets and supermarkets, independent retailers and convenience stores, specialty food stores, and online retailers), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The processed fruits market size is expected to increase by USD 160.83 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.24%. This report extensively covers segmentation by product (fresh cut, canned fruits, and frozen fruits) and geography (APAC, Europe, North America, Middle East and Africa, and South America).

Processed Potatoes Market Scope

Report Coverage

Details

Page number

186

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.2%

Market growth 2023-2027

USD 41.71 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.82

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 29%

Key countries

US, Canada, Japan, UK, and Germany

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Burts Snacks Ltd., Calbee Inc., Campbell Soup Co., Cooperatie Koninklijke Avebe U.A., Cooperatie Koninklijke Cosun UA, Farm Frites International B.V., Groupe Limagrain Holding, Idahoan Foods LLC, J.R. Short Milling Co., J.R. Simplot Co., Kellogg Co., Lamb Weston Holdings Inc., LENG DOR S.A.U., McCain Foods Ltd., Old Dutch Foods Ltd., PepsiCo Inc., Pfeifer and Langen GmbH and Co. KG, SZVG eG, The Kraft Heinz Co., and The Little Potato Co.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's consumer staples market reports

Table of contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 14: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 15: Chart on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global processed potatoes market 2017 - 2021
    • Exhibit 19: Historic Market Size – Data Table on Global processed potatoes market 2017 - 2021 ($ billion)
  • 4.2 Distribution channel Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)
  • 4.3 Product Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
  • 4.4 End-user Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
  • 4.5 Geography Segment Analysis 2017 - 2021 
    • Exhibit 23: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.6 Country Segment Analysis 2017 - 2021 
    • Exhibit 24: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 25: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 26: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 27: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 28: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 29: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 30: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 31: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

  • 6.1 Market segments 
    • Exhibit 32: Chart on Distribution Channel - Market share 2022-2027 (%)
    • Exhibit 33: Data Table on Distribution Channel - Market share 2022-2027 (%)
  • 6.2 Comparison by Distribution Channel 
    • Exhibit 34: Chart on Comparison by Distribution Channel
    • Exhibit 35: Data Table on Comparison by Distribution Channel
  • 6.3 Offline - Market size and forecast 2022-2027
    • Exhibit 36: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 37: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 38: Chart on Offline - Year-over-year growth 2022-2027 (%)
    • Exhibit 39: Data Table on Offline - Year-over-year growth 2022-2027 (%)
  • 6.4 Online - Market size and forecast 2022-2027
    • Exhibit 40: Chart on Online - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 41: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 42: Chart on Online - Year-over-year growth 2022-2027 (%)
    • Exhibit 43: Data Table on Online - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Distribution Channel
    • Exhibit 44: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

  • 7.1 Market segments 
    • Exhibit 45: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 46: Data Table on Product - Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 47: Chart on Comparison by Product
    • Exhibit 48: Data Table on Comparison by Product
  • 7.3 Potato chips - Market size and forecast 2022-2027
    • Exhibit 49: Chart on Potato chips - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 50: Data Table on Potato chips - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 51: Chart on Potato chips - Year-over-year growth 2022-2027 (%)
    • Exhibit 52: Data Table on Potato chips - Year-over-year growth 2022-2027 (%)
  • 7.4 Potato flakes - Market size and forecast 2022-2027
    • Exhibit 53: Chart on Potato flakes - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 54: Data Table on Potato flakes - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 55: Chart on Potato flakes - Year-over-year growth 2022-2027 (%)
    • Exhibit 56: Data Table on Potato flakes - Year-over-year growth 2022-2027 (%)
  • 7.5 Potato starch - Market size and forecast 2022-2027
    • Exhibit 57: Chart on Potato starch - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 58: Data Table on Potato starch - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 59: Chart on Potato starch - Year-over-year growth 2022-2027 (%)
    • Exhibit 60: Data Table on Potato starch - Year-over-year growth 2022-2027 (%)
  • 7.6 Frozen French fries - Market size and forecast 2022-2027
    • Exhibit 61: Chart on Frozen French fries - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 62: Data Table on Frozen French fries - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 63: Chart on Frozen French fries - Year-over-year growth 2022-2027 (%)
    • Exhibit 64: Data Table on Frozen French fries - Year-over-year growth 2022-2027 (%)
  • 7.7 Others - Market size and forecast 2022-2027
    • Exhibit 65: Chart on Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 66: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 67: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 7.8 Market opportunity by Product 
    • Exhibit 69: Market opportunity by Product ($ billion)

8 Market Segmentation by End-user

  • 8.1 Market segments 
    • Exhibit 70: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 71: Data Table on End-user - Market share 2022-2027 (%)
  • 8.2 Comparison by End-user 
    • Exhibit 72: Chart on Comparison by End-user
    • Exhibit 73: Data Table on Comparison by End-user
  • 8.3 Foodservice sector - Market size and forecast 2022-2027
    • Exhibit 74: Chart on Foodservice sector - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Data Table on Foodservice sector - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 76: Chart on Foodservice sector - Year-over-year growth 2022-2027 (%)
    • Exhibit 77: Data Table on Foodservice sector - Year-over-year growth 2022-2027 (%)
  • 8.4 Retail sector - Market size and forecast 2022-2027
    • Exhibit 78: Chart on Retail sector - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Data Table on Retail sector - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 80: Chart on Retail sector - Year-over-year growth 2022-2027 (%)
    • Exhibit 81: Data Table on Retail sector - Year-over-year growth 2022-2027 (%)
  • 8.5 Industrial sector - Market size and forecast 2022-2027
    • Exhibit 82: Chart on Industrial sector - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Data Table on Industrial sector - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 84: Chart on Industrial sector - Year-over-year growth 2022-2027 (%)
    • Exhibit 85: Data Table on Industrial sector - Year-over-year growth 2022-2027 (%)
  • 8.6 Market opportunity by End-user 
    • Exhibit 86: Market opportunity by End-user ($ billion)

9 Customer Landscape

  • 9.1 Customer landscape overview 
    • Exhibit 87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

  • 10.1 Geographic segmentation 
    • Exhibit 88: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 89: Data Table on Market share by geography 2022-2027 (%)
  • 10.2 Geographic comparison 
    • Exhibit 90: Chart on Geographic comparison
    • Exhibit 91: Data Table on Geographic comparison
  • 10.3 North America - Market size and forecast 2022-2027
    • Exhibit 92: Chart on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 93: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 95: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 10.4 Europe - Market size and forecast 2022-2027
    • Exhibit 96: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 97: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 99: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 10.5 APAC - Market size and forecast 2022-2027
    • Exhibit 100: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 101: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 103: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 10.6 South America - Market size and forecast 2022-2027
    • Exhibit 104: Chart on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 105: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 106: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 107: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 10.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 108: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 109: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 110: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 111: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 10.8 US - Market size and forecast 2022-2027
    • Exhibit 112: Chart on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 113: Data Table on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 114: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 115: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 10.9 UK - Market size and forecast 2022-2027
    • Exhibit 116: Chart on UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 117: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 118: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 119: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 10.10 Japan - Market size and forecast 2022-2027
    • Exhibit 120: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 121: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 122: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 123: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 10.11 Germany - Market size and forecast 2022-2027
    • Exhibit 124: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 125: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 126: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 127: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 10.12 Canada - Market size and forecast 2022-2027
    • Exhibit 128: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 129: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 130: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 131: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 10.13 Market opportunity by geography 
    • Exhibit 132: Market opportunity by geography ($ billion)

11 Drivers, Challenges, and Trends

  • 11.1 Market drivers
  • 11.2 Market challenges
  • 11.3 Impact of drivers and challenges 
    • Exhibit 133: Impact of drivers and challenges in 2022 and 2027
  • 11.4 Market trends

12 Vendor Landscape

  • 12.1 Overview
  • 12.2 Vendor landscape 
    • Exhibit 134: Overview on Criticality of inputs and Factors of differentiation
  • 12.3 Landscape disruption 
    • Exhibit 135: Overview on factors of disruption
  • 12.4 Industry risks 
    • Exhibit 136: Impact of key risks on business

13 Vendor Analysis

  • 13.1 Vendors covered 
    • Exhibit 137: Vendors covered
  • 13.2 Market positioning of vendors 
    • Exhibit 138: Matrix on vendor position and classification
  • 13.3 Burts Snacks Ltd. 
    • Exhibit 139: Burts Snacks Ltd. - Overview
    • Exhibit 140: Burts Snacks Ltd. - Product / Service
    • Exhibit 141: Burts Snacks Ltd. - Key offerings
  • 13.4 Calbee Inc. 
    • Exhibit 142: Calbee Inc. - Overview
    • Exhibit 143: Calbee Inc. - Product / Service
    • Exhibit 144: Calbee Inc. - Key offerings
  • 13.5 Campbell Soup Co. 
    • Exhibit 145: Campbell Soup Co. - Overview
    • Exhibit 146: Campbell Soup Co. - Business segments
    • Exhibit 147: Campbell Soup Co. - Key offerings
    • Exhibit 148: Campbell Soup Co. - Segment focus
  • 13.6 Cooperatie Koninklijke Avebe U.A. 
    • Exhibit 149: Cooperatie Koninklijke Avebe U.A. - Overview
    • Exhibit 150: Cooperatie Koninklijke Avebe U.A. - Product / Service
    • Exhibit 151: Cooperatie Koninklijke Avebe U.A. - Key offerings
  • 13.7 Cooperatie Koninklijke Cosun UA 
    • Exhibit 152: Cooperatie Koninklijke Cosun UA - Overview
    • Exhibit 153: Cooperatie Koninklijke Cosun UA - Business segments
    • Exhibit 154: Cooperatie Koninklijke Cosun UA - Key offerings
    • Exhibit 155: Cooperatie Koninklijke Cosun UA - Segment focus
  • 13.8 Farm Frites International B.V. 
    • Exhibit 156: Farm Frites International B.V. - Overview
    • Exhibit 157: Farm Frites International B.V. - Product / Service
    • Exhibit 158: Farm Frites International B.V. - Key offerings
  • 13.9 Groupe Limagrain Holding 
    • Exhibit 159: Groupe Limagrain Holding - Overview
    • Exhibit 160: Groupe Limagrain Holding - Business segments
    • Exhibit 161: Groupe Limagrain Holding - Key offerings
    • Exhibit 162: Groupe Limagrain Holding - Segment focus
  • 13.10 Idahoan Foods LLC 
    • Exhibit 163: Idahoan Foods LLC - Overview
    • Exhibit 164: Idahoan Foods LLC - Product / Service
    • Exhibit 165: Idahoan Foods LLC - Key offerings
  • 13.11 J.R. Simplot Co. 
    • Exhibit 166: J.R. Simplot Co. - Overview
    • Exhibit 167: J.R. Simplot Co. - Product / Service
    • Exhibit 168: J.R. Simplot Co. - Key offerings
  • 13.12 Kellogg Co. 
    • Exhibit 169: Kellogg Co. - Overview
    • Exhibit 170: Kellogg Co. - Business segments
    • Exhibit 171: Kellogg Co. - Key offerings
    • Exhibit 172: Kellogg Co. - Segment focus
  • 13.13 Lamb Weston Holdings Inc. 
    • Exhibit 173: Lamb Weston Holdings Inc. - Overview
    • Exhibit 174: Lamb Weston Holdings Inc. - Business segments
    • Exhibit 175: Lamb Weston Holdings Inc. - Key offerings
    • Exhibit 176: Lamb Weston Holdings Inc. - Segment focus
  • 13.14 McCain Foods Ltd. 
    • Exhibit 177: McCain Foods Ltd. - Overview
    • Exhibit 178: McCain Foods Ltd. - Product / Service
    • Exhibit 179: McCain Foods Ltd. - Key offerings
  • 13.15 PepsiCo Inc. 
    • Exhibit 180: PepsiCo Inc. - Overview
    • Exhibit 181: PepsiCo Inc. - Business segments
    • Exhibit 182: PepsiCo Inc. - Key news
    • Exhibit 183: PepsiCo Inc. - Key offerings
    • Exhibit 184: PepsiCo Inc. - Segment focus
  • 13.16 The Kraft Heinz Co. 
    • Exhibit 185: The Kraft Heinz Co. - Overview
    • Exhibit 186: The Kraft Heinz Co. - Business segments
    • Exhibit 187: The Kraft Heinz Co. - Key offerings
    • Exhibit 188: The Kraft Heinz Co. - Segment focus
  • 13.17 The Little Potato Co. 
    • Exhibit 189: The Little Potato Co. - Overview
    • Exhibit 190: The Little Potato Co. - Product / Service
    • Exhibit 191: The Little Potato Co. - Key offerings

14 Appendix

  • 14.1 Scope of the report
  • 14.2 Inclusions and exclusions checklist 
    • Exhibit 192: Inclusions checklist
    • Exhibit 193: Exclusions checklist
  • 14.3 Currency conversion rates for US$ 
    • Exhibit 194: Currency conversion rates for US$
  • 14.4 Research methodology 
    • Exhibit 195: Research methodology
    • Exhibit 196: Validation techniques employed for market sizing
    • Exhibit 197: Information sources
  • 14.5 List of abbreviations 
    • Exhibit 198: List of abbreviations
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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

Published

on

  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Mortgage rates fall as labor market normalizes

Jobless claims show an expanding economy. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

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Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%. For now, we can say the labor market isn’t tight anymore, but it’s also not breaking.

The key labor data line in this expansion is the weekly jobless claims report. Jobless claims show an expanding economy that has not lost jobs yet. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250


Below is an explanation of how we got here with the labor market, which all started during COVID-19.

1. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. 9, 2020. By that time, the upfront recovery phase was done, and I needed to model out when we would get the jobs lost back.

2. Early in the labor market recovery, when we saw weaker job reports, I doubled and tripled down on my assertion that job openings would get to 10 million in this recovery. Job openings rose as high as to 12 million and are currently over 9 million. Even with the massive miss on a job report in May 2021, I didn’t waver.

Currently, the jobs openings, quit percentage and hires data are below pre-COVID-19 levels, which means the labor market isn’t as tight as it once was, and this is why the employment cost index has been slowing data to move along the quits percentage.  

2-US_Job_Quits_Rate-1-2

3. I wrote that we should get back all the jobs lost to COVID-19 by September of 2022. At the time this would be a speedy labor market recovery, and it happened on schedule, too

Total employment data

4. This is the key one for right now: If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which would have been in line with the job growth rate in February 2020. Today, we are at 157,808,000. This is important because job growth should be cooling down now. We are more in line with where the labor market should be when averaging 140K-165K monthly. So for now, the fact that we aren’t trending between 140K-165K means we still have a bit more recovery kick left before we get down to those levels. 




From BLS: Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.

Here are the jobs that were created and lost in the previous month:

IMG_5092

In this jobs report, the unemployment rate for education levels looks like this:

  • Less than a high school diploma: 6.1%
  • High school graduate and no college: 4.2%
  • Some college or associate degree: 3.1%
  • Bachelor’s degree or higher: 2.2%
IMG_5093_320f22

Today’s report has continued the trend of the labor data beating my expectations, only because I am looking for the jobs data to slow down to a level of 140K-165K, which hasn’t happened yet. I wouldn’t categorize the labor market as being tight anymore because of the quits ratio and the hires data in the job openings report. This also shows itself in the employment cost index as well. These are key data lines for the Fed and the reason we are going to see three rate cuts this year.

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