potato-protein-market

Potato Protein Market By  Type (Concentrates I, solates), By Application (Food and beverages , Feed) - Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

09 Dec 2022 Format PDF icon PPT icon XLS icon Request Sample

Potato protein is the dry product obtained from potatoes during the separation of starch. It is easily digestible and covers almost the entire range of amino acids making it extremely suitable for feed applications. Potato proteins increases metabolism and also helps to synthesizes hemoglobin to meet the iron requirements of the body. By texture, it is yellow colored free flowing powder with 83.5% of protein content on dry matter protein content. Isolated proteins which is obtained as a waste from potato industry has been found to treat high blood pressure.

Potato protein manufacturers are working innovation for protein products. For example, in 2016, Avebe, which is a leading potato protein manufacturer, launched Solanic@100 in Europe. This product provides an excellent blend of amino acid and is easily digestible, thus making it extremely suitable for protein-rich snacks, baked goods etc. Potential global potato protein market drivers are increasing consumer awareness for food allergens, rise in vegan population over the last few years, consumer preference for clean-label products, coupled with high nutritional value of proteins present in potato. However, low production and distribution of potato protein restricts the growth of potato protein market.

By type, global potato protein market is subdivided into concentrates and isolates while food and beverages (meat, processed foods, bakery, and confectionary, dairy among others) and feed are its applications. On basis of type, the same market is bifurcated into concentrates and isolates where concentrates dominated the market, mainly attributed to high volume consumption. Among applications, feed segment is identified as the leading market mainly due to large-scale application of potato proteins for swine and cattle feed. Potato proteins finds limited application in food and beverages owing to high instability and insolubility

By geography, global potato protein market is categorized into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. Europe contributed for the largest market share for global potato protein market mainly due to prominent presence of large number of manufacturers of potato protein leading high supply of potato proteins. In addition to this, rising awareness for functional proteins coupled with health safety concerns are other key drivers of potato protein market in Europe.  Apart from this, Asia Pacific is anticipated to be the fastest growing region for potato protein market mainly fuelled by increasing population, changing lifestyles along with consumer preference for non-allergen products. India, China, and Japan are the main driving countries in Asia Pacific.

Moreover, rising demand for plant protein in South East Asian countries such as Malaysia, Vietnam, Indonesia etc. also contributing to the growth of the regional market. North America is also expected to contribute significantly in the growth of global potato proteins market due to increase in consumer concern on the impact of consumption of animal proteins coupled with rising consumption of plant protein products.

Key players across the global potato protein market value chain are:

Avebe, Tereos, Agrana , Roquette, Omega Protein, Pepees Group, Emsland Group  , Meelunie, KMC Ingredients, AKV Langholt, PPZ Niechlow, Roquette Frères, Coöperatie AVEBE U.A., Aminola B.V., AGRANA Beteiligungs-AG, Food Innovation Online Corp.,Emsland-Stärke Limited, Kemin Industries, Inc., Royal Cosun, Tereos, Roquette Frères, Bioriginal Food & Science Corp., Meelunie B.V. and Others

Key Developments:

  • On the Zernike Campus in Groningen, Avebe U.A. established a new innovation center in 2021. 
  • A new R&D facility was established by Roquette Frères in Lithuania in 2021 to support its long-term innovation strategy. 
  • In order to industrialise its purification unit and create high-quality potato protein for the food sector, Avebe and Novasep united in 2021. Additionally, the business unveiled Perfectasol D520, a potato starch and protein blend that creates 100% plant-based pizza cheese.
  • Announcing in February 2021 that it will raise its capacity for Potato Protein Extraction with government funding, Australian business ATP Science is expected to boost regional industry demand.
  • Avebe UA - In the year 2018, the company set up a campus in Groningen which is an innovation Center with the aim to support the employees towards innovation in the field of potato protein.
  • Roquette Freres - In the year 2019, the company opened a new R&D unit in Lithuania for better support in innovation and technological development. 
  • KMC Kartoffelmelcentralen AMBA - In the year 2019, the company launched a new product named Protafy 130, this expanded the product portfolio and it is a potato protein. 
  • In November 2019, Danish ingredient producer KMC Ingredients launched Protafy 130 potato protein concentrate for utilization in fortification of vegan and non-vegan food products, in Europe due to the growing response for plant-based proteins.
  • In November 2016, Coöperatie AVEBE U.A., launched a potato protein isolate, Solanic®100, in Europe with excellent amino acid profile that can be utilized in snacks, breakfast cereals, and baked goods.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Potato Protein market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Potato Protein market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Type
  • Concentrates
  • Isolates

Application
  • Food and beverages
    •     Meat
    •     Processed foods
    •     Bakery
    •     Confectionary
    •     Dairy
  • Feed

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Potato Protein market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Potato Protein market?
  • Which is the largest regional market for Potato Protein market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Potato Protein market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Potato Protein market worldwide?
Choose Licence Type
$4500
$6500
$9000
Why Acute
View Other Reports