DUBLIN--(BUSINESS WIRE)--The "Potato Protein Market by Type (Isolates, Concentrates), Application (Food & beverages, Feed) & Region (North America, Europe, Asia Pacific, South America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The potato protein market is estimated to be valued at USD 72.2 Million in 2017, and is projected to reach USD 88.2 Million by 2022, at a CAGR of 4.1% during the forecast period.
The market is driven by increase in consumer concerns regarding food allergens in products, the rising vegan population, and high nutritional profile of potato proteins.
Europe accounted for the largest share of the potato protein market. The dominant share of this region is attributed to the presence of most potato protein manufacturers in the region, resulting in the highest production as well as consumption. The Asia Pacific market is projected to be the fastest-growing from 2017 to 2022 and is driven by growing consumer awareness in this region about food allergens in products.
High costs of production and limited consumption of potato protein in the food and feed industries are the major restraints for the growth of this market.
Key players in the potato protein market include Avebe (Netherlands), Tereos (France), Roquette (France), Agrana (Austria), and Omega Protein (US). Further, Peppes Group (Poland), Emsland Group (Germany), Meelunie (Netherlands), KMC Ingredients (Denmark), Sdstrke (Germany), AKV Langholt (Denmark), and PPZ Niechlow (Poland) are few others players in this market.
Market Dynamics
Drivers
- Increase in Vegan Population
- Consumer Concerns Regarding Food Allergens in Products
- Nutritional Profile of Potato Proteins
Restraints
- High Production Costs
- Limited Consumption of Potato Protein in the Food and Feed Industries
Opportunities
- Untapped Regional Markets
Challenges
- Low Production and Distribution of Potato Protein in Global Markets
Companies Mentioned
- Agrana
- AKV Langholt
- Avebe
- Emsland Group
- KMC Ingredients
- Meelunie
- Omega Protein
- Pepees Group
- PPZ Niechlow
- Roquette
- Sdstrke
- Tereos
For more information about this report visit https://www.researchandmarkets.com/research/mv7v6l/global_potato?w=4
