Almost Two-digit Rise for the Spud Protein Market in the Next Decade

In 2022, the market for potato protein is anticipated to generate sales worth USD121.1m. According to Future Market Insights (FMI), the overall market value is foreseen to increase at a CAGR of 7.5% from 2022 to 2032, reaching USD249.1m.

By the end of 2029, the size of the global potato protein market is anticipated to reach USD128.1m. The aforementioned source's research indicates that between 2019 and 2029, the market will grow steadily at a CAGR of 4.3%. The report claims that the market will expand due to the rising demand for healthier, plant-based food substitutes.

The market was worth an estimated USD84.6m in 2019, according to the study.

In terms of geography, North America has emerged as a significant market for potato protein. The key markets for potato protein will continue to grow, especially in Europe and Latin America. Concentrates are one of the potato protein types that will experience strong demand during the forecast period. To remain competitive in the market, major players will probably concentrate on releasing new products.

“In the coming years, the potato protein market will gain impetus from the rising demand in developed regions. The rising demand for healthier meat alternatives and inclination towards plant-based protein will increase potato protein sales in regions such as North America, Europe, and Latin America,” according to a lead analyst at FMI.

Dairy products, food supplements, and infant formulas all frequently use potato protein. Therefore, the market will benefit from the rising dietary protein consumption. The market is also anticipated to benefit from the growth of the food industry. China, India, and Brazil are among the most lucrative markets for potato protein because of their high levels of food demand. Additionally, consumers' growing awareness of their health will foster market expansion.

In addition to this, mergers and acquisitions remain a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

Some of the leading players operating in the potato protein market are Avebe, Tereos, Agrana, Roquette, Omega Protein, Pepees Group, Emsland Group, Meelunie, KMC Ingredients, Südstärke, AKV Langholt, PPZ Niechlow, and others.