Predominant
use of potato in the global food industry has prompted several food
investigators and biotech scientists in studying its nutritional
value. The arrival of potato protein has been instrumented by
advancements in food technology and a soaring demand for protein-rich
foods. Increasing inclination of consumers toward plant-based
proteins has further propelled the consumption of potato protein. New
production techniques and experimental trials are being conducted to
enhance the production of potato proteins for large-scale production.
However, low awareness among consumers and complexities in techniques
involved with production of potato proteins has deterred the growth
of the global potato protein market.
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Market Research observes that these factors will continue to inhibit
the growth of the global potato protein market for the foreseeable
future. According to the report, the global market for potato
proteins is expected to witness a moderate growth at 3.6% CAGR in
terms of value, during the forecast period, 2017-2026. It has been
estimated that by the end of 2026, more than US$ 150 Mn worth of
potato protein will be consumed across the globe.
The
report estimates that throughout the forecast period, the sales of
potato protein concentrates will outpace the sales of potato protein
isolates. High demand for dietary consumption of protein concentrates
is expected to drive the demand for potato protein concentrates in
the near future. The report estimates that by the end of 2026, over
US$ 86 Mn worth of potato protein concentrates will be consumed
globally. In addition, the report also reveals that potato protein
concentrates will register a healthy value CAGR compared to potato
protein isolates.
On
the basis of applications, the report has observed that potato
protein will be predominantly used to make animal feed in the
future. Animal feed production is expected to account for more than
20% of the market value throughout the forecast period. The report
also observes that potato proteins will find lucrative application in
production of dairy products. Their nutritional value enables diary
product manufacturers in extending the energy content of their
products. In addition, low prices of potato protein make them
suitable for large-scale dairy product manufacturing. Over the
forecast period, diary product applications of potato protein are
expected to translate a revenue growth at 4.8% CAGR.
Roquette,
Solanic BV (AVEBE Group), Omega Protein Corporation, Agrana, Kerry
Group plc., E. I. du Pont de Nemours and Company, Cargill, Archer
Daniels Midland Company, Südstärke, KMC Ingredients, Peppes Group,
AKV Langholt, Meelunie, and Emsland Group have been identified as the
global leaders in production of potato protein. These companies have
been extensively profiled in the report, and are expected to
instrument the market’s growth through 2026. Adopting latest
product techniques will be prioritized by these companies. Several
potato protein market participants are also expected to work towards
making the procurement of raw potatoes and ingredients more
cost-effective in the near future.
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