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Global business trends in the potato peel powder industry increasingly favor organic products, driven by a health-conscious and environmentally aware consumer base. Organic potato peel powder is gaining traction in the food and beverage sector, particularly for clean-label product manufacturing. The nutraceutical industry is also emerging as a key market for potato peel powder, attributed to its health benefits such as antioxidant properties and digestive health support. Additionally, the cosmetics and personal care industry is witnessing a growing trend of incorporating potato peel powder, fueled by the demand for natural and sustainable ingredients.
The global shift towards sustainability has led to an increased demand for organic and natural ingredients, including potato peel powder. Consumers are becoming more conscious of the environmental impact of their purchases, leading to a growing preference for products derived from sustainable sources. Potato peel powder's versatility has led to its adoption across various industries, including food and beverage, nutraceuticals, cosmetics, and animal feed. Its nutritional benefits and functional properties make it a valuable ingredient in these industries, driving its demand.
The market size of potato peel powder reached USD 3.3 billion in 2023 and will grow at 6.3% CAGR from 2024 to 2032, due to increasing awareness of sustainability, the rising demand for natural and organic products, and the shift towards waste reduction in the food processing sector
Demand for conventional potato peel powder is anticipated to expand at an 6.4% CAGR during 2024-2032, owing to rising utilization in the food and beverage, nutraceuticals, and cosmetics sectors
North America market is expected to grow at a 6.5% CAGR through 2032, led by growing demand for clean-label products
AGRANA Beteiligungs-AG, KMC, Aayush Food Products, Foodchem International Corporation, Top Tier Ingredients, LLC., Mahalaxmi Agro, Young Farmer, and Go Green Agri Solutions.