(MENAFN- GlobeNewsWire - Nasdaq) The Global Potato Protein market size valued at USD 105 million in 2022 and is anticipated to grow at a CAGR of 5.4%
Delray Beach, FL, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Potato protein is poised to become a major player in the plant-based food industry . As more and more people turn to vegan and vegetarian diets, the demand for sustainable, healthy, and delicious plant-based protein sources is soaring.
Why Potato Protein?
Complete Protein: Potato protein offers a complete set of amino acids, making it a great alternative to animal-based proteins.
Sustainable: It's produced from potato byproducts, reducing food waste and environmental impact.
Allergen-Friendly: Potato protein is naturally free of common allergens like soy, nuts, and dairy.
Versatile: It can be used in a variety of food products, from meat alternatives to dairy-free milk.
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Top Companies in the Potato Protein Industry
Avebe (Netherlands), Tereos (France), Kerry Group PLC (Ireland), Sudzucker AG (US), Roquette Freres (France), Emsland Group (Germany), KMC Ingredients (Denmark), Pepees Group (Poland), AKV Langholt (Denmark), PPZ Niechlow (Poland), The Scoular Company (US), Finnamyl (Finland), Kemin Industries (USA), Bioriginal (Canada), Duynie (Netherlands)
The Road Ahead
While the potato protein industry is growing rapidly, there are still challenges to overcome, such as production costs and supply chain issues. However, with advancements in technology and increasing consumer awareness, the future looks bright.
Demand for plant-based protein and health benefits of potato protein to drive market for potato protein in North America
The North American potato protein market is a growing industry driven by increasing demand for plant-based protein and the health benefits of potato protein. It is a high-quality protein source rich in essential amino acids and suitable for various food applications, including sports nutrition, supplements, animal feed , and meat alternatives.
The Asia Pacific region is a significant market for potato protein concentrates. The growing number of vegans in the region is a key factor driving demand. However, challenges such as the popularity of soy protein , limited awareness about potato protein's benefits, supply constraints, and drawbacks associated with the product hinder its growth in the food industry . While a recession isn't expected in the region in the near future, economic headwinds like rising interest rates and slower global trade could impact the market.
Potato Protein Industry Dynamics
DRIVERS
- Increase in vegan population
- Consumer concerns regarding food allergens in products
- Nutritional benefits of potato protein
- Increased demand for fast-food chains
RESTRAINTS
- High production cost of potato protein
- Potential fear of replacement of potato protein in food and feed industries
OPPORTUNITIES
- Growth in investments in new production facilities
- Adoption of new technologies in potato protein industry
CHALLENGES
- Low global production and distribution of potato protein
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Here's what we can expect:
More Plant-Based Products: We'll see a wider range of plant-based foods, from meatless burgers to dairy-free yogurt, all made with potato protein.
Healthier Options: Potato protein-based foods will be marketed as healthy and nutritious alternatives to traditional options.
Sustainable Food Systems: The industry will continue to focus on sustainable practices to minimize its environmental impact.
As the demand for plant-based protein continues to rise, potato protein is well-positioned to become a major player in the global food market.
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