Potato Peel Powder Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Potato Peel Powder Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

The global potato peel powder market was valued at USD 3.3 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2032. Rising awareness of sustainability, demand for natural and organic products, and waste reduction in the food processing industry drive this growth. Once considered waste, potato peels are now valuable ingredients rich in dietary fibers, vitamins, and antioxidants. This shift aligns with global efforts toward sustainable consumption and production, emphasizing waste minimization and resource optimization.

Global trends favor organic potato peel powder, driven by health-conscious and environmentally aware consumers. It is gaining momentum in the food and beverage sector, particularly for clean-label product manufacturing. The nutraceutical industry is also a significant market due to its health benefits, including antioxidant properties and digestive health support. Additionally, the cosmetics and personal care sector is incorporating potato peel powder, driven by demand for natural and sustainable ingredients.

The overall potato peel powder industry is classified based on product type, application, distribution channel, and region.

In 2023, conventional potato peel powder segment accounted for USD 2.2 billion and is projected to grow at a CAGR of 6.4% from 2024 to 2032. The conventional potato peel powder, produced through standard agricultural practices, retains a significant market share, especially in regions where organic certification is not a primary concern. Its cost-effectiveness and availability make it a key component in the animal feed and fertilizer industries.

Valued at USD 1.3 billion in 2023, the food and beverage segment is set to grow at a CAGR of 6.9% from 2024 to 2032. Potato peel powder's diverse applications highlight its unique advantages. In the food and beverage sector, its nutritional benefits and fiber content make it a sought-after functional ingredient. It is being integrated into bakery products, snacks, and used as a thickening agent, reflecting the industry's shift towards healthier offerings.

North America potato peel powder market, valued at USD 934.8 million in 2023, is projected to grow at a CAGR of 6.5% through 2032. Increased awareness of potato peel powder's health benefits and demand for clean-label products drive market growth. The region's established food processing industry and trend towards plant-based and natural ingredients create a favorable environment for market expansion. Additionally, the nutraceutical and cosmetic sectors in North America are increasingly integrating potato peel powder into their products, further boosting the market.