Global Potato Protein Market Outlook, Industry Analysis and Prospect 2024
· 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.
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·
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.
·
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.
·
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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·
Key Players
·
Royal Ingredients Group (the Netherlands)
·
Avebe (the Netherlands)
·
Kemin Industries, Inc (U.S.)
·
Tereos (France)
·
Roquette (France)
·
Omega Protein (U.S.)
·
Emsland Group (Germany)
·
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