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Potato fiber Market Size

  • Report ID: GMI11008
  • Published Date: Aug 2024
  • Report Format: PDF

Potato Fiber Market Size

Potato Fiber Market size was valued at USD 515.1 million in 2023 and is projected to expand at over 4.8% CAGR from 2024 to 2032. Derived from potatoes, potato fiber serves as a functional ingredient in various food products. It not only enhances the dietary fiber content but also improves texture and boosts moisture retention. The scope of its application spans baked goods, snacks, and meat substitutes. With a rising demand from health-conscious consumers and its increasing adoption in gluten-free and high-fiber diets, opportunities for potato fiber are expanding.

 

According to the USDA, the consumption of dietary fiber in the United States has been increasing by approximately 3% annually over the past five years. Current trends showcase innovations in processing technologies, a broader application in health foods, and a growing presence in plant-based products. As the demand for healthier food options surges, the market for potato fiber is poised for growth, underscored by its nutritional advantages and versatility in diverse food applications.
 

The potato fiber market is primarily driven by two key factors such as the surging demand for high-fiber diets and the expansion of the gluten-free food sector. According to the USDA, the average fiber intake among Americans is significantly below the recommended levels, highlighting the need for high-fiber diets. As consumers become increasingly aware of the health benefits associated with dietary fiber—such as enhanced digestive health and effective weight management—the demand for potato fiber as a functional ingredient in a variety of food products rises.
 

At the same time, the growing gluten-free food market, spurred by the rising instances of gluten sensitivities and celiac disease, amplifies the demand for potato fiber in gluten-free formulations. The CDC reports that approximately 1% of the U.S. population has celiac disease, further driving the need for gluten-free options. Together, these dynamics propel the growth and integration of potato fiber across a wide array of food applications.
 

The potato fiber market grapples with two primary challenges such as inconsistent raw material supply and competition from alternative fibers. Factors such as climate conditions and agricultural practices can lead to variability in both the availability and quality of potatoes, directly influencing potato fiber production. Moreover, the market contends with competition from other dietary fibers, particularly those sourced from grains and legumes. These alternatives may provide comparable benefits, often at reduced costs or with distinct functional properties. Addressing these challenges demands continuous innovation and adept supply chain management to uphold product quality and competitive pricing.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of potato fiber was worth USD 515.1 million in 2023 and will grow at a 4.8% CAGR between 2024 and 2032, led by growing consumer demand for healthier and gluten-free food options.

The soluble potato fiber segment will reach USD 456 million by 2032, primarily due to its versatile applications in food and beverage products

Europe market size will capture USD 220.1 million by 2032, propelled by its well-established food processing industry and high consumer demand for natural and clean-label ingredients.

Some of the key industry players are Lyckeby Starch AB, Agrana, Emsland Group, Avebe, ROQUETTE FRERES S.A, Ingredion, Sanacel, BI Nutraceuticals, and IFC, among others.

Potato fiber Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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