The potato protein market is projected to grow at a CAGR of 2.14% to reach US$92.089 million by 2024, from US$81.102 million in 2018. The potato protein market is expected to grow due to the growing vegan population along with increasing health concerns among the end-users. The growing adoption of potato proteins in supplements and sports nutrition is assumed to drive the market. Growth prospects in emerging economies are creating new opportunities for the market to grow in the next five years. Moreover, the growing inclination of consumers towards substitutes of animal protein is anticipated to boost the growth of the market. However, high production cost along with low awareness among the population is expected to hamper the growth of the market. Furthermore, low production and distribution in the market along with limited consumption in food and feed industries are likely to hinder the growth of the market. The market is segmented into type, application, and geography. Based on type, potato protein concentrate is expected to hold a significant market share owing to its wide adoption and consumption in feed industries. Geographically, Europe is projected to be a substantial shareholder in the market during the forecasted period owing to the investment by major companies to expand their production facilities. Furthermore, the recent drought in the European region has severely affected the regional potato harvest resulting in a surge in the potato protein prices further increasing the revenue and profitability of major players in the European potato market.
The growth prospect in emerging economies.
Increasing adoption of supplements and sports nutrition
Growing health concerns among consumers.
High production cost
Low production and distribution in the market.
In June 2019, fast food chains such as Burger King, White Castle, and Red Robin partnered to introduce Impossible Burger made of soy and potato protein as demand for vegan products is increasing.
In March 2019, Aveba opened its new facility in Netherland to spur innovation in potato-based ingredients.
The major players profiled in the potato protein market are Avebe, Tereos Starch and Sweetners, ROQUETTE, AKV Langholt, WPPZ SA, KMC a.m.b.a, PPZ Niechlow, Emsland Group, Südstärke, PEPEES S.A. and Agrana.
|Market size value in 2018||US$81.102 million|
|Market size value in 2024||US$92.089 million|
|Growth Rate||CAGR of 2.14% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Avebe, Tereos Starch and Sweetners, ROQUETTE, AKV Langholt, WPPZ SA, KMC a.m.b.a, PPZ Niechlow, Emsland Group, Südstärke, PEPEES S.A., Agrana|
|Customization scope||Free report customization with purchase|
The potato protein market has been analyzed through the following segments:
Potato Protein Isolate
Potato Protein Concentrate
Food and Beverages
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the potato protein market?
A1. The potato protein market is projected to grow at a CAGR of 2.14% over the forecast period.
Q2. What will be the potato protein market size by 2024?
A2. The global potato protein market is projected to reach a market size of US$92.089 million by 2024.
Q3. What is the size of the global potato protein market?
A3. Potato Protein Market was valued at US$81.102 million in 2018.
Q4. What factors are anticipated to drive the potato protein market growth?
A4. The growing adoption of potato proteins in supplements and sports nutrition is assumed to drive the market.
Q5. Which region holds the largest market share in the potato protein market?
A5. Europe is projected to be a substantial shareholder in the market during the forecasted period owing to the investment by major companies to expand their production facilities.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. POTATO PROTEIN MARKET BY TYPE
5.1. Potato Protein Isolate
5.2. Potato Protein Concentrate
6. POTATO PROTEIN MARKET BY
6.1. Food and Bevrages
6.2. Animal Feed
7. POTATO PROTEIN MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.2. Tereos Starch and Sweetners
9.4. AKV Langholt
9.5. WPPZ SA
9.6. KMC a.m.b.a
9.7. PPZ Niechlow
9.8. Emsland Group
9.10. PEPEES S.A.
LIST OF FIGURES
LIST OF TABLES
Tereos Starch and Sweetners
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.