What is the global market size of Potato Protein Market?

Global Potato Protein Market size was valued at USD 1.8 billion in 2021 and is poised to grow from USD 2.4 billion in 2022 to USD 3.58 billion by 2030, growing at a CAGR of 5.8% during the forecast period (2023-2030).

Global Potato Protein Market Size, Share, Growth Analysis, By Type(Potato Protein Isolates and Potato Protein Concentrates), By Application(Food and Beverages and Animal Feed) - Industry Forecast 2024-2031

Report ID: SQMIG30H2104 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 59 | Figures: 75

Global Potato Protein Market Regional Insights

North America dominated the global potato protein market in terms of revenue. The region is witnessing a significant demand for potato protein due to the growing health-conscious population and the increasing trend of plant-based diets. The United States and Canada are the key contributors to the market growth in North America. The presence of well-established food and beverage industries, along with a high consumer awareness regarding the nutritional benefits of potato protein, is driving the market in this region.

Asia Pacific is the fastest-growing region in the global potato protein market. The region is experiencing rapid urbanization, population growth, and an expanding middle-class population with increasing disposable incomes. Countries like China, India, and Japan are the key markets driving the demand for potato protein in the region. The rising awareness about the health benefits of protein-rich diets, coupled with the growing demand for functional food and beverages, is contributing to the market growth in Asia Pacific.

Global Potato Protein Market Report Snapshots

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Global Potato Protein Market size was valued at USD 2.4 billion in 2022 and is poised to grow from USD 2.54 billion in 2023 to USD 3.99 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).

The global potato protein market is characterized by intense rivalry among various market players. Companies are focusing on research and development activities to introduce innovative products and enhance their product portfolios. Strategic collaborations, partnerships, and acquisitions are common strategies adopted by companies to expand their market presence. Moreover, investment in advanced manufacturing technologies and expansion into untapped markets are key initiatives taken by market participants to gain a competitive edge. With increasing consumer demand for sustainable and plant-based protein alternatives, the competition in the potato protein market is expected to intensify further in the coming years. 'Roquette Frères (France)', 'Avebe U.A. (Netherlands)', 'Agrana Group (Austria)', 'Emsland Group (Germany)', 'KMC Ingredients (Denmark)', 'Omega Protein Corporation (US)', 'Meelunie B.V. (Netherlands)', 'Tereos Starch & Sweeteners (France)', 'Royal Ingredients Group (Netherlands)', 'SÜDSTÄRKE GmbH (Germany)', 'AKV Langholt (Denmark)', 'Pepees Group (Poland)', 'PPZ Niechlow (Poland)', 'Kemin Industries, Inc. (US)', 'Avebe China (China)', 'Qingdao CBH Co., Ltd. (China)', 'PPZ Dobre (Poland)', 'Tereos S.A. (France)', 'WPPZ (Poland)', 'Shandong Jianyuan Group (China)'

One major driver propelling the global potato protein market is the increasing popularity of plant-based diets and the rising demand for vegetarian and vegan products. Consumers are becoming more health-conscious and are actively seeking protein alternatives to traditional animal-based sources. Potato protein, with its high nutritional value and benefits such as improved digestive health, strength, and controlled blood sugar levels, is emerging as a favored choice among individuals adopting plant-based lifestyles, thus driving the market growth.

Potato Proteins in Feed Offers High Digestibility of Protein: Potato protein, a high-quality protein sourced from potato processing by-products like potato starch, has gained popularity as an ingredient in animal feed. It serves as a sustainable and cost-effective alternative to conventional protein sources such as soybean meal and fishmeal. Boasting a high protein content and a rich profile of essential amino acids crucial for animal growth and health, potato protein is also low in anti-nutritional factors. It finds application in feed formulations as a partial or complete substitute for other protein sources, with the choice depending on factors like animal species, age, and production stage. Potato protein is particularly prevalent in pig, poultry, and aquaculture diets, where it enhances feed efficiency and promotes growth performance. Consequently, the functional attributes of potato protein contribute to improved feed processing, texture, and palatability. The demand for potato protein in animal feed is being propelled by various factors, including the need for sustainable protein sources, rising global demand for animal protein, and the associated health benefits it offers to animals.

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Global Potato Protein Market Size, Share, Growth Analysis, By Type(Potato Protein Isolates and Potato Protein Concentrates), By Application(Food and Beverages and Animal Feed) - Industry Forecast 2024-2031

Global Potato Protein Market Regional Insights

Global Potato Protein Market Report Snapshots

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