The Latin America, Middle East and Africa Potato Protein Market would witness market growth of 7.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 4,323.1 tonnes, showcasing a growth of 9.3% (2024-2031).
In the potato protein market, concentrate refers to a protein product derived from potatoes that undergoes a less intensive purification process compared to isolate. The protein concentrate typically contains a lower protein content than isolate, usually ranging from 70% to 90%, along with other nutrients and compounds present in the potato. Therefore, the concentrate segment exhibited a volume of 380.24 tonnes in Brazil market in 2023.
The Brazil market dominated the LAMEA Potato Protein Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18.3 million by 2031. The Argentina market is showcasing a CAGR of 8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.1% during (2024 - 2031).
The protein supplements are incorporated into animal diets to meet nutritional requirements and support muscle development, immune function, and overall well-being. By replacing or supplementing traditional protein sources like soybean meal and fishmeal, protein helps reduce reliance on finite resources and mitigate environmental impact in animal agriculture.
It is utilized in pharmaceuticals and nutraceuticals for its therapeutic and nutritional benefits. It is a source of essential amino acids, vitamins, and minerals for human health and well-being. The protein supplements support muscle recovery, immune function, and nutritional supplementation in individuals with specific dietary needs or health conditions.
The growth of the food retail industry leads to an expansion of product offerings in supermarkets, hypermarkets, and specialty food stores across Saudi Arabia. As the food retail industry in Saudi Arabia grows, there will likely be a higher demand for protein products from food manufacturers supplying products to retailers. According to the United States Department of Agriculture, in 2022, total food retail sales in Saudi Arabia were estimated at approximately $50 billion, and 50% was generated through modern retail channels and traditional grocery stores. Hence, the expansion of the region’s food retail industry is propelling the market’s growth.
Free Valuable Insights: The Worldwide Potato Protein Market is Projected to reach USD 742.8 Million by 2031, at a CAGR of 5.3%
Based on Type, the market is segmented into Isolate, and Concentrate. Based on Application, the market is segmented into Animal Feed, Supplements, Bakery & Confectionery, Meat, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
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