Potato Protein Market Report 2021-2027: Poor Demand in Underdeveloped Countries & High Growth Potential in Emerging Markets
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. 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
during the forecast period 2017-2023.
Regional Analysis:
The global Potato Protein Market 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 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 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 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.
NOTE: Our
Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
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Market Research Future
(part of Wantstats Research and Media Private Limited),
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United States of America
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