Press Release
Press Release
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
According to a new report by EMR titled, ‘Global Potato Protein Market Report and Forecast 2021-2026’, the global market for potato protein attained a value of about USD 100.8 million in 2020. The industry is further expected to grow at a CAGR of 5% in the forecast period of 2021-2026 to reach a value of approximately USD 135.1 million by 2026.
Europe accounts for a significant share of the global market for potato protein owing to the growing vegan population in the region. The market growth can be attributed to the extensive vegan population in countries like the United Kingdom and Germany. The rising demand for plant-based protein products as a replacement for traditional meat products is surging the demand for potato protein. Moreover, the increasing potato waste in the region is escalating the demand for sustainable potato protein. As potato protein prevents the activity of cancer cells, it is projected to be used in various allergy-free and nutraceutical food products in upcoming years. In addition, technological advancements and innovations in the region are leading to the development of advanced methods for the extraction of potato protein, which is anticipated to aid the growth of the market in the forecast period.
Some of the leading companies in the market are Omega Protein Corporation (NYSE: OME) and Royal Avebe U.A. The latter started its potato campaign in August 2021. The campaign is expected to increase the production of starch potatoes in Gasselternijveen to surge the manufacturing of potato protein. Moreover, the company further invested in the Netherlands and Germany to expand its production capabilities of potatoes. It has also expanded its production of potato protein in Solanic and has built an animal feed facility in Dallmin, Germany. The campaign is expected to be completed in mid-May 2022, by the end of which the company is estimated to process 2300 potatoes in potato protein and starch. Such initiatives by the leading companies are projected to surge the demand for potato protein and are anticipated to fuel the growth of the industry in the forecast period.
Market Analysis by Application, Type and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global potato protein market are Royal Avebe U.A., Tereos Internacional SA, Omega Protein Corporation, Pepees S.A., and Kemin Industries, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.