Potato Protein Market Size to 2027 – Key Drivers, Challenges, Competitive Analysis, and Trends
Potato protein is considered as increasingly sophisticated
plant-based alternative protein option. This product is hugely popular among
vegan consumers who are continually striving to add alternate options for meat
protein to their meal.
With the technological developments, there has been a substantial
improvement in the manufacturing techniques that are making this protein highly
palatable without compromising on its taste. Consumers are just enjoying it
because it's good, not because it's plant-based.
The global
Potato Protein Market Size has been
rising continually over the past couple of years mainly due to the consumer
interest which is driving the demand in meat alternatives market. Moreover,
high-grade protein concentrates and highly functional and nutritive value of
potato proteins are escalating the market demand on the global platform.
Acknowledging the colossal growth, the market perceives currently,
Market Research Future (MRFR), in its recently published study report asserts
that the global Potato Protein Market Size will register an outstanding CAGR
throughout the review period (2018-2023), garnering exponential accruals.
The market for alternative protein options is flooding attracting
investors increasingly. Major agribusiness groups are increasingly investing in
new plant-based proteins. Additional factors that are propelling the growth of
the market include the growing shift in consumer preferences inclined towards
adopting healthy eating habits and the huge demand as potato protein in a
variety of products.
Alongside meeting human nutrition requirements, potato protein
also meets the animal needs for essential amino acids. As a result, it is
hugely getting consumed in the animal feed market as an additive which drives
the growth of the market further. Furthermore, the growing application of
potato protein in various health supplements and sports nutrition is fostering
the growth of the market.
On the flip side, factors such as the lack of awareness towards
the benefits of potato protein is a key factor impeding the market growth.
Nevertheless, the growing demand from health
(clinical/medical/sports) nutrition market and protein engineering market led
by the increasing number of the vegan populace and growing sports/ fitness
enthusiasts will support the market over the forecast period. Besides, the
burgeoning food & beverages industry including, chocolate, protein shake,
etc. will provide impetus to the growth of the Potato Protein Market Size.
Industry/ Innovation/ Related News
April 09, 2019 ---
Impossible Foods Inc. (the US), a company involved in the development of
plant-based substitutes for meat and dairy products announced the development
of meat-free burger produced using soy protein, potato protein, coconut oil,
sunflower oil, and additional special ingredient called heme which is developed
from soy but has elements of the hemoglobin in animal protein.
Impossible Foods is among several firms that are developing
plant-based meat substitutes that claim to offer equal to or better than animal
protein.
Global Potato Protein Market - Regional Analysis
The European region accounts for the leading market in the global Potato
Protein Market, witnessing the largest consumption of meat alternatives
products. Rising demand for potato protein for different applications mainly as
a functional food is boosting the growth in the regional market. Moreover, the
presence of the major key players is also a major driving force the growth of Potato
Protein Market in Europe. Germany, France, and the Netherlands drive the Potato
Protein Market in the region.
The Potato Protein Market Size in the North American region
accounts for the second-largest market, globally. In North America, potato
proteins are used in a variety of food applications, including health
supplements and protein & nutrition drinks. Improvements in manufacturing
technique that reduces cost and increases flexibility in manufacturing have led
to a growing demand for potato proteins in the US.
The Asia Pacific Potato Protein Market Size is emerging as a
profitable market, globally. This market offers huge growth opportunities to
foreign manufacturers due to the ample availability of cost-competitive
logistics such as workforce and the raw materials required for the production
of potato protein. Moreover, increasing demand for nutritional products
especially in China and New Zealand are expected to increase the share of the
APAC Potato Protein Market Size in the global space. The region is estimated to
witness higher growth due to the growing demand for high-quality potato protein
especially from the rapidly developing countries like China and India.
Global Potato Protein Market - Segments
For ease of understanding, the MRFR analysis has been segmented
into three key dynamics: -
By
Type
: Potato Protein Concentrate and Potato Protein Isolate among
others.
By Application :
Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Snacks,
Supplements, and Animal Nutrition among others.
By
Regions
: North America, Europe, Asia Pacific, and the Rest-of-the-World.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/potato-protein-market-5424
Global Potato Protein Market - Competitive Analysis
Highly competitive, the Potato Protein Market Size appears to be
fragmented with the presence of numerous key players. They incorporate
strategic initiatives such as acquisition, collaboration, product &
technology launch, partnership, and expansion to gain an edge over their
competitors.
Before marketing, distributors and manufacturers are evaluating the
labeling and safety of their products meeting all the requirements of FDA
regulations and DSHEA. Manufacturers operating in the Potato Protein
Market develop state-of-the-art manufacturing facilities where they can make
all their products from carefully sourced raw materials right in their
facility.
Major Players:
Key players leading the global Potato Protein Market Size include
Avebe (the Netherlands), Royal Ingredients Group (the Netherlands), Kemin
Industries, Inc (U.S.), Roquette (France), Tereos (France), Omega Protein
(U.S.), and Emsland Group (Germany) among others.
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 Details.
Contact us:
Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
Comments
Post a Comment