The global potato protein market size was worth around USD 395.4 Million in 2021 and is estimated to grow to about USD 869.10 Million by 2030, with a compound annual growth rate (CAGR) of approximately 7.20% over the forecast period.
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➤ It is anticipated that the market will experience growth due to the growing demand for plant-based proteins.
The world’s population is expected to surpass ten billion individuals by 2050, resulting in a perpetual increase in the demand for sustenance. It is anticipated that the supply of animal protein will be strained as a result of the exponential growth of the human population. However, this can be altered by altering the composition of the food and allowing a greater proportion of the diet to be plant-based.
➤ The global expansion of the market is significantly restricted by the pervasive use of pea protein in the food sector.
Pea protein is a protein that is widely recognized and used in the field of plant-based protein. It has applications in animal feed, supplements, and food processing. Furthermore, the protein concentration of peas is significantly higher than that of potatoes, which renders it more profitable in the commercialization process. Additionally, the majority of market players in the plant-based protein sector generate pea protein in large quantities due to its increased international demand and scalability. Consequently, the primary impediment to market growth is the dominance of pea protein in the plant-based protein market.
➤ There are numerous opportunities for market growth due to the increase in demand for plant proteins.
The potato protein market will expand in response to the heightened demand for plant protein. Consumers are perpetually seeking healthier alternatives to their present diets. They are drawn to products that provide both health and flavor benefits. Plant-based proteins are also acquiring popularity in developing nations, including Mexico, Indonesia, and Peru. One of the primary factors contributing to the growth of this movement is the increased awareness of animal rights and maltreatment. The potato protein market will experience even greater growth as a result of the growing demand for functional foods that are not derived from animal protein.
➤ Availability of alternative plant-based proteins
Potato protein producers are facing a significant risk due to the increasing popularity of soy and pea protein. The global expansion of the potato protein market is significantly restricted by the prevalent use of pea protein in food. Furthermore, the market’s potential for any product is potentially determined by its price, which is an irrefutable factor. Plant-based proteins are frequently costly as a result of high processing costs and a dearth of adequate resources. The industry’s expansion may be restricted by the high costs in emerging nations, despite the fact that the nutritious characteristics of potato proteins are the propelling force behind the market.
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The Global Potato Protein Market is segmented based on product, application and region
Global Potato Protein Market: Product Segment Analysis
● Isolate
● Concentrate
● Hydrolyzed
Global Potato Protein Market: Application Segment Analysis
● Animal Feed
● Bakery & Confectionery
● Supplements
● Others
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The global Respiratory Diagnostics market profiles key players such as:
● Kemin Industries Inc.
● Avebe
● Royal Cosun
● KMC Ingredients
● Tereos
● PEPEES Group
● Roquette Frères
● Agrana
● Meelunie B.V.
● Bioriginal Food & Science Corp
● AKV Langholt
● Sudstarke
● Omega Protein Corporation
● PPZ Niechlow
???? Recent Developments:
• In February 2022, KMC, a dominant ingredients company based in the Netherlands, developed an innovative textured potato protein that has the potential to revolutionize the plant-based meat industry. This protein is an essential component of plant-based meat due to its unique properties. Textured potato protein, which has a meat-like structure and a frying exterior, offers significant nutritional benefits. This occurs in the context of KMS’s objective to transition from animal-based ingredients to plant-based ingredients in order to provide consumers with superior products.
• Branston, a pioneering potato supplier based in the United Kingdom, announced in April 2022 that they have partnered with Root Extracts, an innovative technology provider. The purpose of this collaboration is to develop a potato plant protein that can be used in both vegetarian and vegan cuisine. Branston announced in a statement that its extraction facility in Lincolnshire will be utilized to transform secondary-grade low-value potatoes that are unsuitable for retail into beneficial plant-based protein. The facility is scheduled to be operational very soon.
➤ The North American region possessed a significant market share and is expected to experience exponential growth.
The potato protein market is the greatest in North America. It is anticipated that the global potato protein market will generate substantial revenue from the region during the forecast period.
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