The Global Potato Protein Market to Reach USD3.58bn by 2030
According to SkyQuest, the global market for potato protein will grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030, when it is expected to reach a valuation of USD3.58bn.
The food and beverage industry, the largest application area in the worldwide potato protein market, is primarily responsible for the rising demand for this type of product. Potato protein is highly favored due to its adaptability, since it can be found extensively used in a variety of goods, such as dairy products, baby formulae, and dietary supplements.
In addition, the need for potato protein is expected to increase due to the growing dietary protein intake and the food industry’s explosive growth, especially in highly populated nations like Brazil, China, and India. Increased health consciousness is benefiting the worldwide potato protein market as customers value their health and well-being more and more.
In terms of revenue, in particular, North America has demonstrated its supremacy in the worldwide market for potato protein. This importance may be ascribed to the growing popularity of plant-based diets and health-conscious populations in the area, which have increased demand for potato protein. Notably, the U.S. and Canada have played a crucial role in the market’s expansion throughout North America.