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Potato Protein Market by Type and Application: Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031517
  • Report
  • March 2020
  • Region: Global
  • 224 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Agrana
  • Avebe
  • Kemin Industries Inc.
  • KMC Ingredients
  • Meelunie B.V
  • PEPEES Group
  • MORE
The potato protein market size was valued at $363.6 million in 2018, and is projected to reach $648.4 million by 2026, growing at a CAGR of 7.60% from 2019 to 2026.

Potato protein is a high-quality and a rich source of digestible protein. It is extracted from the potato juice by means of precipitation and centrifugation. Potato protein contains on an average 70-76% crude protein, which has a rich amino acid profile, enabling improved digestibility.

The need for food is growing rapidly as the world population is expected to reach approximately nine billion by 2050. This exponential growth of population is expected to create pressure on animal sources for obtaining proteins. However, this can be altered by changing the diet composition and allowing a larger part to be plant-based. Thus, this factor creates high potential for plant-based protein sources, such as potato protein. Furthermore, potato protein does not require any allergen labelling, as it is pure and vegan. With rise in health-conscious consumers across the globe, the demand for these products is gaining high traction. In addition, plant-based protein ingredients find their major application in food, beverage, and supplements, which boosts the growth of the global market. Furthermore, with growing number of people adopting veganism or cutting down meat consumption, the demand for potato protein is expected to increase considerably, thereby driving the growth of the market. The plant-based protein ingredients market has been traditionally dominated by soy proteins; however, potato protein is witnessing increased demand, as it is suitable for all forms of livestock and can be partially substituted in protein-rich feedstuffs.

However, potatoes have a low protein concentration as compared to other potential plant protein sources, which limits their use for commercial manufacturing, thereby hampering the growth of the global market. Furthermore, the process of protein isolation requires further R&D, as the acid and thermal treatments are traditionally used methods, which occasionally lead to protein denaturation and reduced functionality.

On the contrary, the demand for organic and clean-label food ingredients is gaining high traction among consumers worldwide. Manufacturers are focusing on developing food products using these plant-based ingredients to meet the rising demand of consumers. This growing popularity is expected to increase the demand for potato protein across various sectors, including bakery and confectionery and animal feed. Thus, all these factors collectively are projected to offer remunerative opportunity for market expansion during the forecast period.

The global potato protein market is segmented into type, application, and region. Depending on type, the market is classified into isolates, concentrates, and hydrolysates. The applications covered in the study include animal feed, bakery & confectionery, meat, supplements, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players in the potato protein market include Avebe, Kemin Industries, Inc., Royal Cosun, KMC Ingredients, Tereos, Roquette Frères, PEPEES Group, Agrana, Bioriginal Food & Science Corp., and Meelunie B.V.

Key benefits for stakeholders
  • This report provides a quantitative analysis of the current potato protein market trends, estimations, and dynamics of the market size from 2019 to 2026 to identify the prevailing opportunity.
  • The key countries in all the major regions are mapped on the basis of their market share.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • A comprehensive analysis of factors that drive and restrict the market growth is provided.
  • An in-depth analysis of the market helps to determine the prevailing market opportunities.
  • The report includes details of the potato protein market analysis of the regional & global markets, key players, market segments, application areas, and growth strategies.
Key market segments

By Type
  • Isolate
  • Concentrate
  • Hydrolyzed
By Application
  • Animal Feed
  • Bakery & Confectionery
  • Meat
  • Supplements
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South-East Asia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Agrana
  • Avebe
  • Kemin Industries Inc.
  • KMC Ingredients
  • Meelunie B.V
  • PEPEES Group
  • MORE
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Research methodology
1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.1.1. Top investment pocket
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping the global potato protein market
3.2.1. Bargaining power of suppliers
3.2.2. Bargaining power of buyers
3.2.3. Threat of substitution
3.2.4. Threat of new entrants
3.2.5. Intensity of competitive rivalry
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Surge in demand for plant-based protein sources
3.3.1.2. Rise in consumer demand for allergen-free foods
3.3.1.3. Increase in need for potato protein in animal feed formulations
3.3.2. Restraint
3.3.2.1. High cost of production
3.3.2.2. Limited application in food industry
3.3.3. Opportunities
3.3.3.1. Increase in demand for organic potato protein
3.3.3.2. Rise in awareness of potato protein in developing countries

CHAPTER 4: POTATO PROTEIN MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Isolates
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country
4.3. Concentrate
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country
4.4. Hydrolyzed
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis by country

CHAPTER 5: POTATO PROTEIN MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Animal feed
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis by country
5.3. Bakery & confectionery
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis by country
5.4. Meat
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis by country
5.5. Supplements
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.3. Market analysis by country
5.6. Others
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.6.3. Market analysis by country

CHAPTER 6: POTATO PROTEIN MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast by country
6.2.3. Market size and forecast by type
6.2.4. Market size and forecast by application
6.2.5. U. S.
6.2.5.1. Market size and forecast, by type
6.2.5.2. Market size and forecast, by application
6.2.6. Canada
6.2.6.1. Market size and forecast, by type
6.2.6.2. Market size and forecast, by application
6.2.7. Mexico
6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast, by application
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast by country
6.3.3. Market size and forecast by type
6.3.4. Market size and forecast by application
6.3.5. Germany
6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast, by application
6.3.6. France
6.3.6.1. Market size and forecast, by type
6.3.6.3. Market size and forecast, by application
6.3.7. UK
6.3.7.1. Market size and forecast, by form
6.3.7.3. Market size and forecast, by application
6.3.8. Poland
6.3.8.1. Market size and forecast, by type
6.3.8.3. Market size and forecast, by application
6.3.9. Netherland
6.3.9.1. Market size and forecast, by form
6.3.9.3. Market size and forecast, by application
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by form
6.3.10.3. Market size and forecast, by application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.3. Market size and forecast, by type
6.4.3.1. Market size and forecast, by application
6.4.4. Market size and forecast by country
6.4.5. China
6.4.5.1. Market size and forecast, by type
6.4.5.2. Market size and forecast, by application
6.4.6. India
6.4.6.2. Market size and forecast, by type
6.4.6.3. Market size and forecast, by application
6.4.7. Japan
6.4.7.2. Market size and forecast, by type
6.4.7.3. Market size and forecast, by application
6.4.8. Australia
6.4.8.2. Market size and forecast, by type
6.4.8.3. Market size and forecast, by application
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market size and forecast, by type
6.4.9.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast by country
6.5.3. Market size and forecast by type
6.5.4. Market size and forecast, by application
6.5.5. Latin America
6.5.5.2. Market size and forecast by type
6.5.5.3. Market size and forecast, by application
6.5.6. Middle East
6.5.6.2. Market size and forecast by type
6.5.6.3. Market size and forecast, by application
6.5.7. Africa
6.5.7.2. Market size and forecast by type
6.5.7.3. Market size and forecast, by application

CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Top winning strategies
7.2. Competitive dashboard
7.3. Competitive heatmap
7.4. Key developments
7.4.1. Partnership
7.4.2. Business expansion
7.4.3. Joint venture
7.4.4. Acquisition
7.4.5. Product launch

CHAPTER 8: COMPANY PROFILES
8.1. Agrana
8.1.1. Company overview
8.1.2. Key executive
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. R&D expenditure
8.1.7. Business performance
8.1.8. Key strategic moves and developments
8.2. Avebe
8.2.1. Company overview
8.2.2. Key executive
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.2.7. Key strategic moves and developments
8.3. Bioriginal Food & Science Corp
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.4. CO-OPERATIVE ROYAL COSUN U. A. (AVIKO B. V. )
8.4.1. Company overview
8.4.2. Key executive
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. R&D expenditure
8.4.7. Business performance
8.4.8. Key strategic moves and developments
8.5. KEMIN INDUSTRIES INC.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Key strategic moves and developments
8.6. KMC Ingredients
8.6.1. Company overview
8.6.2. Key executive
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. Meelunie B. V.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.8. PEPEES S. A.
8.8.1. Company overview
8.8.2. Key executive
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.9. Roquette Frères S. A.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Key strategic moves and developments
8.10. Tereos SCA
8.10.1. Company overview
8.10.2. Key executive
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
8.10.7. Key strategic moves and developments


Note: Product cover images may vary from those shown
3 of 5

FEATURED COMPANIES

  • Agrana
  • Avebe
  • Kemin Industries Inc.
  • KMC Ingredients
  • Meelunie B.V
  • PEPEES Group
  • MORE
According to this report titled, 'Potato Protein Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global potato protein market size was valued at $363.6 million in 2018, and is projected to reach $648.4 million by 2026, registering a CAGR of 7.60% from 2019 to 2026.

Potato protein is obtained during the process of extracting starch from potatoes. When starch is extracted, protein-rich juice is produced, which is further precipitated to extract potato protein. It is available in three types, depending on the protein concentration, isolates, concentrates, and hydrolyzed. It offers superior emulsifying, foaming, and gelling properties. Potato protein has a high content of amino acids and is free from animal proteins or allergens. This makes potato protein an ideal component in animal feed as well as for human consumption, thereby driving the growth of the global potato protein market.

Allergenicity has become a concern for consumers globally. Several animal and vegetable proteins, such as from soy, milk, egg, or wheat are declarable allergens. In addition, proteins obtained from rice, maize, or pea provide limited solubility, nutrition, and texture. This gives potato protein an edge in the plant protein market, as it provides a combination of superior functionality, high nutrition, and low allergenicity. In addition, potato proteins offer superior emulsifying, foaming, and gelling properties. Furthermore, they serve as a substitute for animal proteins such as egg albumen & egg yolk, meat & meat analogues, and egg-free dressings. Moreover, they are highly regarded as an ingredient for gluten-free bakery products.

However, the availability of cereals such as wheat, oat, and barley, which are high in proteins, fiber, minerals, vitamins, and carbohydrates is expected to hamper the growth of potato protein market.

Conversely, food products organically grown with high nutrition value are gaining elevated demand, which is expected to create a positive impact on the growth of the global potato protein market in the near future.

According to Shankar Bh , Team Lead, Food & Beverages, “The global demand for potato protein market is expected to increase due to the growing demand from consumers for plant-based proteins. For this reason, manufacturers have developed food products using plant-based ingredients such as potato protein. Furthermore, rise in vegetarianism and veganism among consumers worldwide has generated positive impact for potato protein as an ingredient across an array of food & beverage categories. However, low concentration of protein in potatoes, limits the use of potato protein for commercial manufacturing which is anticipated to hinder the growth of the potato protein market during the forecast period.”

The global potato protein market analysis is carried on the basis of type, application and region. On the basis of type, the market is categorized into isolates, concentrates and hydrolysates. Among these, the isolates segment led the potato protein market in terms of revenue share in 2018, however the hydrolysates segment is anticipated to grow at the highest CAGR during the forecast period. Based on application, the market is bifurcated into animal feed, meat, bakery & confectionery, supplements and others. Among these, the animal feed segment garnered the highest market share in the potato protein market in 2018, however the bakery & confectionery segment is anticipated to grow at the highest CAGR during the forecast period. Region wise, the market is studied across North America, Europe, Asia-Pacific and LAMEA.

Key findings of the study
  • Depending on type, the isolate segment accounted for the highest potato protein market share in 2018 and is anticipated to register a CAGR of 7%. However, the hydrolyzed segment is expected to grow at the fastest CAGR of 8.90% between 2019 and 2026.
  • By application, the animal feed segment accounted for about 31.5% of the market share in 2018. However, the bakery & confectionery segment is estimated to register the highest CAGR of 9.1% during the forecast period.
  • Region wise, Europe accounted for about 38.23% of the market share, and is expected to grow at a CAGR of 7%. However, the Asia-Pacific region is anticipated to grow at the highest CAGR of 9.5% during the potato protein market forecast period.
The key players in the potato protein industry include Avebe, Kemin Industries, Inc., Royal Cosun, KMC Ingredients, Tereos, Roquette Frères, PEPEES Group, Agrana, Bioriginal Food & Science Corp., and Meelunie B.V.
Note: Product cover images may vary from those shown
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  • Avebe
  • Kemin Industries Inc.
  • Royal Cosun
  • KMC Ingredients
  • Tereos
  • Roquette Frères
  • PEPEES Group
  • Agrana
  • Bioriginal Food & Science Corp.
  • Meelunie B.V
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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