The
global market for potato protein is displaying a highly competitive
business structure, finds a new research study by Transparency Market
Research (TMR). Roquette, Solanic BV (AVEBE Group), Agrana, E. I. du
Pont de Nemours and Co., Omega Protein Corp., Kerry Group Plc,
Cargill, Archer Daniels Midland Co., KMC Ingredients, AKV Langholt,
Südstärke, Peppes Group, Meelunie, and Emsland Group are some of
the key players in this market, making its competitive landscape
extremely fragmented. The leading companies are focusing on expanding
their regional bases to strengthen their position. In the years to
come, vendors in this market are likely to take up strategic
partnerships, states the research report.
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According
to the research report, the global potato protein market is expected
to expand at a CAGR of 3.60% during the period from 2017 to 2026, the
market is projected to reach US$152 bn by the end of the forecast
period. Isolated and concentrated potato protein are the main
products available in the global market. Among these, the demand for
concentrated potato protein is comparatively high, thanks to the high
consumption of dietary protein concentrates, and the trend is
projected to remain so over the next few years, reports the research
study.
Europe
to Remain Dominant
On
the basis of the geography, the global market for potato protein has
been classified into North America, Latin America, Asia Pacific
excluding Japan, Japan, Europe, and the Middle East and Africa in
this research report. Among these, the market in Europe has acquired
the dominance, thanks to the high consumption potato protein. This
regional market is expected to remain on the top over the next few
years. The presence of a large pool of market players is likely to
support this regional market in the years to come. The Middle East
and Africa, North America, and Asia Pacific are also expected to
witness a significant rise in their respective markets in the years
to come, states the research report.
Rising
Demand for Protein-rich Food to Support Market Growth
“The
global market for potato
protein is benefiting substantially from the rising
preference for protein-rich food,” says an analyst at TMR. Going
forward, the market is likely to be driven by the notable progress in
food technology and innovation over the next few years. However, the
high cost associated with the processing of potato protein may hamper
the growth of this market in the near future, states the research
report.
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more Information:
https://www.prnewswire.com/news-releases/global-potato-protein-market-forecasted-to-grow-at-a-moderate-cagr-of-36-during-2017-2026-observes-tmr-674581223.html
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