Saudi Arabia Potato Protein Market to grow with a CAGR of 5.67%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia Potato Protein Market.
According
to TechSci Research report, “Saudi Arabia Potato Protein Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia Potato Protein
Market is anticipated to witness an impressive growth in the forecast period
with a CAGR of 5.67% through 2028. This
can be due to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market. Meat
alternatives and vegan products are significant drivers of demand in the Saudi
Arabia Potato Protein Market. The growing popularity of plant-based diets,
including veganism and vegetarianism, has led to increased demand for meat
alternatives. Potato protein, as a plant-based source of protein, is a valuable
ingredient in creating vegan and vegetarian meat alternatives. Health-conscious
consumers are looking for alternatives to traditional meat products, as
plant-based options are often perceived as healthier choices. Potato protein
fits well into this trend due to its clean and natural profile. Many consumers
who follow vegan or vegetarian diets are also interested in allergen-free and
clean label products. Potato protein's allergen-free status makes it a
preferred choice for individuals with dietary restrictions. Meat alternatives
made from plant-based sources, including potato protein, are seen as more
environmentally sustainable than traditional meat production. This aligns with
the growing consumer concern for sustainability and reducing the carbon
footprint. People who choose vegan and vegetarian diets often do so for ethical
reasons related to animal welfare. The demand for meat alternatives supports
these ethical concerns.
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" Saudi Arabia Potato Protein Market.”
In October 2022, Nawah Scientific, a prominent
provider of on-demand scientific services through its cloud lab, has officially
initiated its presence in the Kingdom of Saudi Arabia with a soft launch. The
company aims to establish a state-of-the-art mega lab, with investments
reaching into the millions of dollars, catering to the requirements of various
industries, including pharmaceuticals, food, agriculture, chemicals, and oil.
This expansion marks Nawah's second regional venture, following its entry into
Jordan in 2021. Nawah is introducing an innovative business model in the
region, empowering scientists with the capabilities of the digital age.
Water
scarcity is a significant challenge in the Saudi Arabia Potato Protein Market.
Potato cultivation is water-intensive, and water scarcity can limit the growth
of potato crops. Water resources are limited in Saudi Arabia due to its arid
climate, and efficient water management practices are crucial for sustainable
agriculture. To compensate for water scarcity, farmers may rely heavily on
irrigation. However, improper irrigation practices, water wastage, and
inefficient irrigation systems can lead to further water stress and negatively
affect potato yields and quality. Water scarcity can result in crop stress,
affecting the health and growth of potato plants. This can lead to reduced
yields and lower-quality potatoes. When water is scarce, the cost of irrigation
and water management can rise, impacting the overall production costs for
potato farmers. This can reduce the economic viability of potato cultivation.
Water scarcity may lead to competition for water resources among different
sectors, including agriculture, industry, and domestic use. This can create
additional challenges for securing an adequate water supply for potato
cultivation. Sustainable agriculture practices, such as efficient water use and
conservation, become crucial in mitigating the impact of water scarcity on
potato cultivation. Farmers may need to invest in water-saving technologies and
practices.
Saudi Arabia Potato Protein Market is segmented
based on Type, Application, and by region.
Based on the Type, Saudi Arabia Potato Protein
Market is segmented into Concentrates and Isolates. Isolates potato protein, or
potato protein isolates, are highly refined and concentrated forms of protein
derived from potatoes. These isolates are processed to contain a significantly
higher protein content, typically around 90% or more, making them a potent and
valuable source of plant-based protein. Isolates
potato protein is obtained through an extraction process that separates the
protein from other components of the potato, such as starch and fiber. This
extraction is followed by further refinement to remove impurities and
concentrate the protein content. Isolates potato protein is characterized by
its exceptionally high protein content. It is one of the most protein-dense
plant-based ingredients available, providing a concentrated source of essential
amino acids. Similar to other potato protein forms, isolates potato protein is
often considered a clean label ingredient. It is derived from whole potatoes
and typically involves misolatedhemical processing.
Based on Region, Northern & Central region held the largest share in the Saudi Arabia
Potato Protein Market. Collaborations between government agencies,
research institutions, and private enterprises may be more common in these
regions, contributing to the growth and development of the potato protein
market. The Northern and Central regions may have a higher concentration of
consumers with a preference for plant-based proteins and healthier dietary
choices, driving the demand for potato protein products. Government policies
and incentives to promote agricultural and food processing activities in these
regions could attract investments and foster the growth of the potato protein
industry.
Some
of the major companies operating in the Saudi
Arabia Potato Protein Market include:
- Avebe
UA
- Agrana
Group
- Sudstarke
GmbH
- Meelunie
BV
- Omega
Protein
- Roquette
Freres SA
- KMC
Ingredients
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“Certain areas, particularly in North
America, are projected to exert significant demand for Potato Protein. The
growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people
each year, are expected to contribute to a remarkable growth of the Saudi
Arabia Potato Protein Market in the forecast period," said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based Global
management consulting firm.
Saudi Arabia
Potato Protein Market by Type (Concentrates and Isolates), By Application (Food
& Beverages (Meat, Bakery, Processed Foods, Confectionery, Dairy and
Others) and Feed), By Region, By Competition Forecast &
Opportunities, 2018-2028F has
evaluated the future growth potential of Saudi Arabia Potato Protein Market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Potato Protein Market.
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