The global North America Potato Protein market gathered revenue around USD 38.0 Million in 2020 and market is set to grow USD 65.9 Million by the end of 2027 and is estimated to expand at a modest CAGR of 4.9% during the prediction period 2021 to 2027. Potato protein is gaining traction in bakery products and confectionery, owing to increased interest of consumers in naturally sourced ingredients. The growing bakery industry is driving the potato protein market in North America.
The high demand for potato protein can be attributed to its increased application in the food industry. The demand is also increasing from the feed industry, as feed manufacturers are focusing on added value and ingredients to end products.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the North America Potato Protein market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global North America Potato Protein market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
North America Potato Protein market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
High Demand for Plant-based Ingredients Positively Impacting North America Potato Protein Market
Consumers are clearly intrigued by the trend of new plant-based ingredients offered by manufacturers. Plant-based products are no longer a small consumer segment; health benefits associated with plant-based ingredients are proved to be the biggest motivator for consumers opting for such products. The changing consumer perception about food products is benefitting the potato protein manufacturers. Consumers nowadays pay more attention to ingredients of the products they consume. Increased awareness about clean label products can be seen with change in purchasing pattern of consumers. The perception of clean label vary for different consumers; for most of them, clean label means ingredients that they can recognize. The skyrocketing demand for clean label products is impacting the sales of potato protein in North America. Consumers are aware of the ingredient use of artificial ingredients in food products, thus, concerns about health and wellness are estimated to fuel the demand for potato protein in North America.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
· Company Overview
· Company Market Share/Positioning Analysis
· Product Offerings
· Financial Performance
· Recent Initiatives
· Key Strategies Adopted by Players
· Vendor Landscape
· List of Suppliers
· List of Buyers
Significant Market Participants Operational in the North America Potato Protein Market are:
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
North America Potato Protein Market Segmentation
North America Potato Protein Market, by Nature
North America Potato Protein Market, by Type
North America Potato Protein Market, by End Use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the North America Potato Protein market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the North America Potato Protein market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the North America Potato Protein markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
· Governmental bodies, and organizations creating economic policies
· National and international social welfare institutions
· Company websites, financial reports and SEC filings, broker and investor reports
· Related patent and regulatory databases
· Statistical databases and market reports
· Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
· Means of primary research: Email interactions, telephonic discussions and
Questionnaire based research etc.
· In order to validate our research findings and analysis we conduct primary interviews
of key industry participants. Insights from primary respondents help in validating the
secondary research findings. It also develops Research Team’s expertise and market
understanding.
Industry participants involved in this research study include:
· CEOs, VPs, market intelligence managers
· Procuring and national sales managers technical personnel, distributors and resellers
· Research analysts and key opinion leaders from various domains
The study objectives of this report are: