Global Potato Protein Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Potato Protein Market Overview:

“The global Potato Protein Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

The potato is a type of starchy, tuberous crop, which are widely consumed and have become a staple food in many parts of the world, so-much-so that they have become an integral part of world's food supply. Potato protein is a by-product of potato starch, which are used in various food products in the form of concentrates and isolates.

Rising demand for organic food products and increasing number of health conscious individuals are major factors driving growth of the global potato protein market. In addition, rising demand for plant-derived proteins from various end use industries and health benefits offered by consumption of potato protein are other major factors expected to boost growth of the global potato protein market over the forecast period.

However, lack of awareness among consumers and complexities in potato protein production are major factors restraining growth of the global potato protein market. Additionally, high costs associated with potato protein production is another major factor expected to hamper growth of the global potato protein market over the forecast period.

Currently, the market in Europe accounts for highest share in the global potato protein market in revenue terms, owing to high production of potatoes and potato derived products and increasing number of  potato protein manufacturers in the region.

The market in North America accounted for second-highest revenue share in the global potato protein market, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia pacific is projected to witness fastest growth in terms of revenue, owing to increasing consumption of ready-to-eat food products and increasing potato production in countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.

Global potato protein market segmentation:

By type:

• Potato protein isolates
• Potato protein concentrates

By application:

• Bakery & confectionery
• Dairy & frozen desserts
• Beverages
• Animal nutrition

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa