Potato Protein Market Size by Manufacturers, Types, Regions and Application Research Report Forecast to 2027
Market
Overview:
Potato
protein is a high-grade protein concentrate and consists of features such as
favorable amino acid profile and low ash levels. Potato proteins have a very
good nutritional value, equal to that of the egg. Potato protein concentrate is
beneficial for muscle growth and assist to build up energy. It is gaining
popularity in supplements and sports nutrition along with high demand in animal
nutrition market. Potato isolates and potato concentrates are the two types of
potato protein used in various industries.
Market
Forecast:
Potato
protein is cost-effective over the animal protein which is gaining traction
among the consumers globally. Increasing vegan population is also driving the
growth of the market. Moreover, the emulsifying, foaming, and gelling
properties of the potato protein isolates makes it an ideal ingredient in the
food application.
Potato
protein is also used in animal feed to add to their nutritional level which is
growing the demand for Potato
Protein Market Size. Moreover, the high nutritive value of potato
protein is propelling the market demand among the health-conscious population.
However, there may exist some health-related risk factors which must be
investigated in detail before potato protein is applied in the food industry as
a new source of protein. Nevertheless, all these factors are projected to
contribute to the estimated CAGR of 4.8% of Potato Protein Market Size during
the forecast period 2017-2023.
Competitive
analysis:
The
major players in the Potato Protein Market
- Royal
Ingredients Group (the Netherlands)
- Avebe
(the Netherlands)
- Kemin
Industries, Inc (U.S.)
- Tereos
(France)
- Roquette
(France)
- Omega
Protein (U.S.)
- Emsland
Group (Germany)
Downstream
analysis:
On
the basis of type, Potato Protein Market Size is segmented into potato protein
isolates and potato protein concentrates. The potato protein concentrates
segment is anticipated to dominate the market owing to its high application in
various industries. However, the potato protein isolates segment is projected
to witness substantial growth over the forecast period.
Based
on the application, Potato Protein Market Size is segmented into bakery &
confectionery, dairy & frozen desserts, beverages, supplements, snacks,
animal nutrition, and others. The animal nutrition segment is witnessed to be
dominating the market owing to the high application of potato protein in feed
industry of which cattle and swine segment are the major contributors. However,
the supplements segment is an emerging segment and is projected to gain steady
growth over the forecasted period.
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Regional
Analysis:
The
global Potato Protein Market Size is segmented into North America, Europe, Asia
Pacific, and rest of the world (RoW). Europe is dominating the market followed
by North America. High investment by key players on the R&D and
technological advancements is propelling the market growth in Europe. High
inclination of consumers towards functional food in North America is driving
the market for potato protein in this region.
Asia
Pacific is projected to be the fastest growing region over the forecasted
period. India and China are the major contributors in this region due to
growing health awareness and increasing consumption of healthy foods. Latin
America is also expected to witness moderate growth over the estimated period
in which Brazil is the major contributor followed by Mexico.
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The Potato Protein market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
ReplyDeleteAccording to our latest research, the global Potato Protein size is estimated to be million in 2021 from USD 99 million in 2020, with a change of % between 2020 and 2021. The global Potato Protein market size is expected to grow at a CAGR of 3.0% for the next five years.