The global potato protein market size is expected to reach USD 201.40 million by 2032, according to a new study by Polaris Market Research. The report “Potato Protein Market Share, Size, Trends, Industry Analysis Report, By Type; By Application (Animal Feed, Meat Products, Food and Beverages, Supplement, Others); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for food products that are labeled as clean and provide information on the ingredients used is on the rise, as people become more concerned about the effects of climate change. As a result, the demand for vegetable-based proteins is increasing, leading to an increase in the use of potato protein in vegetarian products.
Additionally, the number of vegans is growing, particularly in the UK and Canada, leading to an increased need for plant-based protein in food products. This trend is expected to continue as the vegan industry flourishes and demand for soy, rice, and pea proteins remains high, driving growth in the market.
The market for potato protein is expected to experience growth due to various research activities aimed at improving the cost-effectiveness and operational efficiency of its extraction. Additionally, there is a growing interest in using potato protein to protect against cancer cells, which will likely increase demand. Furthermore, innovative technologies are being developed to utilize potato waste and reduce food wastage while producing potato protein, which is expected to drive industry growth in the coming years further.
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Increasing pet ownership and growing expenditure on pets by their owners are driving demand for potato protein in animal nutrition. Potato protein's high digestibility makes it an excellent source of nutrition for young animals, resulting in its increased use in animal food products.
Furthermore, the demand for functional food for pets to improve their quality of life is fueling the use of potato protein and driving market growth. Additionally, the animal husbandry industry's robust growth in developing regions is increasing demand for potato protein, especially for lactose-intolerant animals like pigs, and is a significant factor contributing to the industry's growth.
Potato Protein Market Report Highlights
Polaris Market Research has segmented the Potato Protein market report based on type, application, and region:
Potato Protein, Type Outlook (Revenue - USD Million, 2019 - 2032)
Potato Protein, Application Outlook (Revenue - USD Million, 2019 - 2032)
Potato Protein, Regional Outlook (Revenue - USD Million, 2019 - 2032)