Global Potato Protein Market: reached a value of US $ 108.75 Mn. in 2020. Global Potato Protein Market size is estimated to grow at a CAGR of 4.3%. The market is expected to reach a value of US $146.02 Mn. in 2027.
Global Potato Protein Market Overview:
The market report for Global Potato Protein Market includes information on market share and company profiles for the leading international competitors along with a thorough analysis of the competition. The scope of the study includes a complete examination of the Global Potato Protein Market as well as the factors influencing regional variations in the growth of the industry.
The demand for plant-based protein products is gaining high traction. Potato protein foods are one of the parts of this plant-based production. As a result people are switching their food consumption from meat products into plant products, which is the major reason for driving the potato protein market in the forecast period. The potato protein foods do not require any labeling, it is a pure and vegan product, which gives a psychological impact for the consumers to opt for this kind of food and makes another reason to boost the market. The demand for organic foods ingredients is gaining increasingly among consumers over the world, in which potato protein foods are expected to drive the market in the forecast period. The protein market is shifting from meat products to plant products. This tendency toward a plant-based diet is linked with different factors, such as cost-effectiveness issues, information about health, ethical or religious views, as well as environmental and animal rights.
After market engineering, which included market statistics calculations, market size estimations, market predictions, market breakdown, and data triangulation, was complete, extensive primary research was carried out to gather data and confirm important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the general market segments and sub-segments detailed in this study. In order to provide vital information during the study, all data collected during the market engineering process is submitted to comprehensive qualitative and quantitative analysis.
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Global Potato Protein Market Segmentation:
Based on Type, the market is segmented as Isolates, Concentrates, and Hydrolysates. The Concentrate potato protein market segment is expected to dominate the market in the forecast period. In the Concentrate segment of Potato Protein products, there is a low level of fat, low cholesterol, and a high amount of protein. The awareness of having a healthy lifestyle is gaining popularity day by day. People used to prefer a healthy lifestyle and this segment covers all the necessary benefits of having a healthy lifestyle which is also driving the market in the forecast period. Moreover, potato protein Isolates and Hydroslystaes are still in the growing stage, and they are usually found in food applications.
Global Potato Protein Market Key Players:
• Biorigional Food and Science Corp.
• PPZ Niechlow.
• KMC Ingredients.
• Emsland Group.
• Peppes Group.
• Agrana Beteiliguns AG.
• Roquette Freres.
• Omega Protein Corporation.
• Tereos Group.
• AKV Langholt.
• Royal ingredients.
To identify the market’s leaders and project market revenue, primary and secondary research are both used. CEOs, marketing executives, and seasoned front-line employees were just a few of the notable thought leaders and subject matter experts that participated in the in-depth interviews for the main study. As a part of the primary study, extensive interviews with important thought leaders and business experts—including CEOs, marketing executives, and seasoned front-line staff—were conducted.
The secondary study included a review of the annual and financial reports of the major manufacturers. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then put up against the original data in comparison. The Global Potato Protein market is dominated by the following businesses:
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The regional market research report for Global Potato Protein also includes information on the specific market driving forces and changes in market legislation that have an impact on current and future market trends. Current and forthcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to lay a stronger foundation. The evaluation of the regional market is built on the basis of the current environment and expected trends.
COVID-19 Impact Analysis on Global Potato Protein Market:
A stop in activities between January 2020 and May 2020 resulted in a fall in the growth of end-user industries utilising Global Potato Protein. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. The market for Global Potato Protein manufacturers as well as the profits of companies operating in these sectors consequently experienced a sharp decline. This affected the market’s growth in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business demand for Global Potato Protein has been severely decreased.
Key Questions Answered in the Global Potato Protein Market Report are:
- Which market segment has the highest percentage of Global Potato Protein in 2021?
- To what extent is there competition in the market?
- What are the primary factors influencing the growth of the Global Potato Protein market?
- What portion of the market does region Global Potato Protein control?
- What is the expected market CAGR from 2022 to 2029?
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