Product ID: SQMIG30H2104
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 Insights
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 anticipated to experience substantial growth in the foreseeable future due to the increasing recognition and widespread adoption of potato protein, mainly attributable to its exceptional nutritional value and associated health benefits. This versatile ingredient has gained popularity for its positive impact on various aspects of well-being, including enhanced digestive health, increased strength, and the ability to regulate blood sugar levels. The burgeoning demand for potato protein is primarily driven by the food and beverages sector, which represents the largest application segment within the global market. This protein source finds extensive utilization in diverse products, such as dairy items, infant formulas, and food supplements, among others. Moreover, the rising consumption of dietary protein, coupled with the rapid expansion of the food industry, particularly in populous nations like India, China, and Brazil, is expected to further fuel the demand for potato protein. With an ever-increasing focus on health and wellness, the market is also benefiting from the heightened health consciousness among consumers. Potato protein's inclusion in beverages like shakes and smoothies is poised to witness a surge in demand. Additionally, continuous product innovation within the sector is projected to stimulate market growth. Notably, collaborations between industry players are facilitating the introduction of novel manufacturing techniques and ingredient compositions for potato protein-based products. For instance, Nizo and Avebe are collaborating to develop a new process for incorporating potato protein in the production of beverages like sports drinks and plant-based ice cream. Furthermore, Bioriginal Food and Science Corp. recently launched Solathin Vegan, a product rich in essential and non-essential amino acids that aids in weight loss. These advancements in product offerings are expected to drive the demand for potato protein in the global market.
Global Potato Protein Market Report Snapshots
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