Market Size of Africa Potato Protein Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.59 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Africa Potato Protein Market Analysis
Africa potato protein market is anticipated to witness a CAGR of 2.59% during the forecast period (2020 - 2025).
- The changing consumer lifestyles, evolving eating habits, and rigorous R&D on increasing demand for natural ingredients due to increasing consumer awareness are the prime reasons for the inflated demand for potato protein in the region.
- The health benefits associated with the potato protein play a vital role in the growth of the market and its increased application.
- The lifestyle modification has led to the consumers swaying away from conventional protein sources like whey, wheat protein, and soy protein that often lead to allergies to safer protein options in order to compensate for the daily required protein intake. Thus, the rising demand for less allergy-causing ingredients in processed foods is expected to drive the market in the region well in the near future.