The global potato protein market is expected to grow at a CAGR of more than 11% over the forecast period. This growth is mainly attributed to global increase in vegetarian population. Along with this, rising concern towards food allergens in products coupled with growing awareness about high nutritional value of potato proteins is also likely to stimulate the market growth.
Moreover, rising application of potato protein isolate as a gluten-free ingredient in bakeries and as animal proteins in food & beverages is expected to augment the market growth over the coming years. However, high production cost of potato proteins coupled with its limited consumption in food and feed sectors is projected to affect the profitability of market.
Potato Protein Market: Type Insights
On the basis of type, the potato protein market is segmented into isolates and concentrates. The market for concentrates is expected to occupy the highest share owing to rising consumption in feed industry. Isolates are also projected to grow significantly over the years owing to rising application in bakeries and food & beverages sector.
Potato Protein Market: Application Insights
The potato protein market is segmented into food & beverages and feed industries, based on application. The food & beverage sector is further divided into meat, dairy, confectionery, processed foods, beverages, and sports nutrition. The feed segment is anticipated to dominate the market over the forecast period owing to rising application of potato proteins in swine and cattle feed.
The food segment is projected to grow significantly over the years on account of increasing application of potato protein as gluten free ingredient in bakeries & confectioners.
Potato Protein Market: Regional Insights
Europe accounted for the largest market share of the global potato protein market in 2016. This can be attributed to presence of key manufacturers across the region. Asia Pacific is also expected to emerge as a key revenue generating region. This can be associated with growing awareness of consumers about food allergens coupled with increasing vegan population in the region.
Potato Protein Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Potato Protein Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase potato protein over the coming years. Some leading consumers of this market are Tyson, ConAgra Foods Inc., CP Group, Purina Animal Nutrition, BASF, Smithfield Foods, NongHyup Feed Inc., and General Mills Inc.
Potato Protein Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. Some of the major players of the market include Avebe, Tereos, Agrana, Roquette, Omega Protein, Pepees Group, Emsland Group, Meelunie, KMC Ingredients, Südstärke, AKV Langholt, and PPZ Niechlow.
In November 2017, Avebe announced expanding its presence in Dubai. The extended presence is anticipated to strengthen company’s global commercial sales and respond more effectively to the growing demand for potato-based ingredients for texture and health & nutrition solutions.
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