Potato Protein Market Outlook
According to the report by Expert Market Research (EMR), the global potato protein market size is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by the surging demand for plant-based protein sources and the versatile applications of potato protein, the market is expected to grow significantly by 2032.
Potato protein is a high-quality plant-based protein extracted from potatoes. It is gaining prominence as a nutritional and functional ingredient in various food products, including meat alternatives, dairy-free products, baked goods, and sports nutrition supplements. Its excellent amino acid profile, hypoallergenic properties, and high digestibility make it a favourable choice for consumers seeking healthy and sustainable protein sources.
The increasing shift towards plant-based diets is a primary driver of the potato protein market growth. As consumers become more health-conscious and environmentally aware, there is a growing preference for sustainable and ethical food choices. Potato protein, being plant-based, aligns well with these consumer trends, driving its demand in various food applications.
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The rising prevalence of lactose intolerance and food allergies among the global population is another factor boosting the potato protein market demand. Potato protein, being dairy-free and hypoallergenic, is an ideal protein source for people with such dietary restrictions.
Furthermore, the expanding vegan and vegetarian population worldwide, along with the rising demand for clean-label and natural ingredients, is fuelling the market’s expansion. Food manufacturers are increasingly incorporating potato protein into their products to cater to these consumer preferences.
Europe accounts for a significant portion of the potato protein market share, due to the region’s significant potato cultivation and the strong presence of key market players. The growing awareness of plant-based proteins and the increasing demand for meat alternatives are major factors driving the market in this region.
The future of the market looks promising, with increasing innovations and the development of new product applications. The growing focus on sustainable agriculture and the continued research in enhancing the functional properties of potato protein are expected to offer new opportunities for market growth.
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Potato Protein Market Segmentation
The market can be divided based on application, type, and region.
Market Breakup by Application
- Beverage
- Snack and Bar
- Animal Nutrition
- Others
Market Breakup by Type
- Potato Protein Concentrate
- Potato Protein Isolate
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global potato protein market. Some of the major players explored in the report by Expert Market Research are as follows:
- Royal Avebe U.A.
- Tereos Internacional SA
- Omega Protein Corporation
- Pepees S.A.
- Kemin Industries, Inc.
- Others
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