The global potato protein market size was valued at $363.6 million in 2018, and is projected to reach $648.4 million by 2026, registering a CAGR of 7.60% from 2019 to 2026.
Potato protein is the dry coproduct obtained during the production and separation of potato starch. It is a 100% plant protein that combines high protein quality with efficient fortification to fit into a sustainable lifestyle. For this reason, potato protein as an ingredient has several applications across the food & beverage industry, including confectionery, baked goods, soups & sauces, and snacks.
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The global demand for potato protein market is expected to increase due to the growing demand from consumers for plant-based proteins. For this reason, manufacturers have developed food products using plant-based ingredients such as potato protein. Furthermore, rise in vegetarianism and veganism among consumers worldwide has generated a positive impact for potato protein as an ingredient across an array of food & beverage categories. However, low concentration of protein in potatoes, limits the use of potato protien for commercial manufacturing which is anticipated to hinder the growth of the potato protein market during the forecast period.
The key players in the potato protein industry include Avebe, Kemin Industries, Inc., Royal Cosun, KMC Ingredients, Tereos, Roquette Frères, PEPEES Group, Agrana, Bioriginal Food & Science Corp., and Meelunie B.V.
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Key findings of the Study:
- Depending on type, the isolate segment accounted for the highest potato protein market share in 2018 and is anticipated to register a CAGR of 7%. However, the hydrolyzed segment is expected to grow at the fastest CAGR of 8.90% between 2019 and 2026.
- By application, the animal feed segment accounted for about 31.5% of the market share in 2018. However, the bakery & confectionery segment is estimated to register the highest CAGR of 9.1% during the forecast period.
- Region wise, Europe accounted for about 38.23% of the market share, and is expected to grow at a CAGR of 7%. However, the Asia-Pacific region is anticipated to grow at the highest CAGR of 9.5% during the potato protein market forecast period.
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