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Growth Projected for the Potato Protein Market, Expected to Reach USD 144 Million by 2028

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MarketsandMarkets™
Growth Projected for the Potato Protein Market, Expected to Reach USD 144 Million by 2028

The Potato Protein Market, anticipated to reach USD 144 million by 2028 from USD 105 million in 2022, reflects a promising Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. The report, published by MarketsandMarkets, highlights various factors influencing market dynamics, including the significant nutritional benefits of potato proteins and their diverse applications in the food, beverage, and feed industries.


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Key Market Insights:


Dominance of Potato Protein Concentrates:


Potato protein concentrates, primarily utilized in the feed industry for cattle and swine feed due to their high nutritive value, currently dominate the market. However, in the food industry, their use is limited due to challenges related to instability after thermal coagulation and undesirable taste, smell, and texture. Despite these limitations, potato protein concentrates have shown potential as a cost-effective alternative to fish meals in animal feed applications.


Growing Demand for Organic Potato Protein:


The market for organic potato protein is witnessing substantial growth, attributed to its status as a by-product of organic potato starch production. Rich in essential amino acids and manufactured without the use of fertilizers and pesticides, organic potato protein aligns with the rising consumer preference for organic food products, driven by health and well-being concerns.


Significance of Potato Protein in Dairy Alternatives:


The dairy alternatives segment, including non-dairy vegetarian food, potato milk, yogurt, ice creams, vegan cheese, and creamers, is witnessing increased demand, positioning potato protein as a popular substitute for dairy products. The rising trend of plant-based protein consumption, coupled with growing awareness of environmental sustainability, is contributing to the market growth of potato protein in the dairy alternatives segment.


Market Drivers in North America:


The North American potato protein market is experiencing significant growth driven by the increasing demand for plant-based protein and the recognized health benefits of potato protein. With a substantial production of potatoes in the region, the United States holds a key position in the market, supported by a robust supply of potatoes for protein extraction and processing. The local availability of potatoes contributes to sustainability efforts and reduces production-related carbon footprints.


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Leading Companies and Market Strategies:


The report includes an analysis of marketing and development strategies, along with the product portfolios of prominent companies such as Avebe, Tereos, Kerry Group PLC, Sudzucker AG, Roquette Freres, Emsland Group, KMC Ingredients, Pepees Group, AKV Langholt, PPZ Niechlow, The Scoular Company, Finnamyl, Kemin Industries, Bioriginal, and Duynie.

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