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Asia-Pacific Potato Protein Market is Segmented by Application (Beverages, Snacks & Bar, Animal Nutrition and Others); by Type (Potato Protein Concentrate, and Potato Protein Isolate); and by Geography.
Asia-Pacific potato protein market is forecasted to witness a CAGR of 6.89% during the forecast period (2020 - 2025).
The Asia-Pacific potato protein market is segmnented by application, by type, and by geography. By application the market is segmented into beverage, snacks and bar, animal nutrition, and others. By type the market segmented into potato protein, and concentrate potato protein isolate. The market is also segmented by the countries pertaining to Asia-Pacific such as India, China, Japan, Australia and Rest of Asia-Pacific.
|Snacks & Bar|
|Potato Protein Concentrate|
|Potato Protein Isolate|
|Rest of Asia-Pacific|
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The protein alternatives market such as potato, pea, and soy is witnessing a shift in consumer demand from animal protein to plant protein. This inclination toward a plant-based diet is associated with different factors, such as sustainability issues, health awareness, ethical or religious views, and environmental and animal rights.
Moreover, with the spread of COVID19, people are expected to increase the intake of more plant proteins such as potato and pea protein in the Asian region too, as they're foregoing animal protein in their diet.
Meat proteins provide the required amino acid content to the body but are associated with high cholesterol levels and other related issues, as a result of which, people are shifting to a vegan source of protein, which is expected to further increase the demand for potato protein in the region.
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India is the world's second top potato producer, followed by Russia, and Ukraine, with top producer being China (as per the data provided by USDA). Moreover, the National Institute of Plant Genome Research in New Delhi (India), had developed a genetically modified potato that is packed with up to 60% more protein and increased levels of amino acids than unmodified potatoes. Therefore, these developments in the overall potato market are expected to increase the manufacturing and the supply of potato protein in India, during the forecast period
With a huge increase in the vegan population in the country, plant protein such as soy, wheat, and potato holds a dominant share in the Indian protein alternatives market. Increasing awareness about vegan snacks with a high nutritional profile is one of the key factors impacting the protein alternatives market, along with the potato protein market in the country.
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Coöperatie Avebe U.A., Agrana Beteiligungs-AG, and Roquette Frères are some of the prominent players operating in the market studied. These companies, in order to retain their position within the market or gain an advantage over its competitors, are focusing on R&D and new product development strategy, so that they can expand their business in the Asia-Pacific region.
For instance, Avebe launched a new potato protein, which is a potato protein isolate is called as Solanic100. It combines a complete amino acid profile with excellent digestibility. This makes it highly suitable for the protein enrichment of snacks, breakfast cereals, or baked goods. It is derived from non-GM potatoes and is, therefore plant-based.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
5.1.2 Snacks & Bar
5.1.3 Animal Nutrition
5.2 By Type
5.2.1 Potato Protein Concentrate
5.2.2 Potato Protein Isolate
5.3 By Country
5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cooperatie AVEBE U.A.
6.4.2 AGRANA Beteiligungs-AG
6.4.3 Roquette Freres
6.4.4 Kemin Industries, Inc.
6.4.6 Bioriginal Food & Science Corp
7. MARKET OPPORTUNITIES AND FUTURE TRENDS