Potato fiber Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Global potato fiber market was valued at USD 515.1 million in 2023, and projections indicate a growth rate of over 4.8% CAGR from 2024 to 2032. Potato fiber, derived from potatoes, acts as a functional ingredient in numerous food products. Beyond enhancing dietary fiber content, it also improves texture and boosts moisture retention.
Significant trends are emerging in the industry, particularly the increasing use of potato fiber in health-oriented and gluten-free products. This trend is largely driven by the growing appetite of consumers for dietary fiber and clean-label ingredients. Data from the USDA highlights a 15% increase in dietary fiber demand over the past five years. The market's applications are diverse, spanning baked goods, snacks, and meat alternatives, all benefiting from potato fiber's texture enhancement and nutritional boost.
The overall industry is bifurcated on the basis of type, nature, application, distribution channel, and region.
Forecasts suggest that the food and beverages segment of the potato fiber market will grow at a CAGR of around 4.7%, reaching a market size of USD 542.5 million by 2032. The expanding scope of potato fiber within the food and beverages sector is evident. Baked goods, such as bread and muffins, are increasingly using potato fiber for texture enhancement and dietary fiber boost. Similarly, snacks and confectioneries leverage potato fiber for its moisture retention and pleasing mouthfeel.
Supermarkets and hypermarkets, pivotal players in the potato fiber market, are projected to grow at a CAGR of around 4.3%, reaching a market size of USD 290.9 million by 2032. Their vast reach and consumer accessibility make them crucial. These retail giants also prominently feature a diverse range of food products, especially those enriched with potato fiber for catering to health-conscious and gluten-free consumers.
Europe potato fiber market is set to reach an industry size of about USD 220.1 million, with a CAGR of 4.3% from 2024 to 2032. The growth is fueled by rising consumer demand for health-focused, high-fiber food options. Europe's dedication to nutrition and dietary fiber is showcased in its varied applications of potato fiber, from bakery items to snacks and meat substitutes.
Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.2 Industry impact forces
3.2.1 Rising health consciousness
3.2.2 Growth of gluten-free market
3.2.3 Growing emphasis on sustainability
3.2.4 Market challenges
3.2.4.1 Raw material supply fluctuations
3.2.4.2 Competition from alternative fibers
3.2.5 Market opportunity
3.2.5.1 New opportunities
3.2.5.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.2 Technology evolution
3.3.2.1 Sustainable manufacturing
3.3.2.1.1 Green practices
3.3.2.1.2 Decarbonization
3.3.3 Sustainability in raw materials
3.3.4 Pricing trends (USD/Ton), 2021 - 2032
3.3.4.1 North America
3.3.4.2 Europe
3.3.4.3 Asia Pacific
3.3.4.4 Latin America
3.3.4.5 Middle East and Africa
3.4 Regulations and market impact
3.5 Porter’s analysis
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)
5.1 Key trends
5.2 Soluble potato fiber
5.3 Insoluble potato fiber
Chapter 6 Market Size and Forecast, By Nature, 2021-2032 (USD Million, Kilo Tons)
6.1 Key trends
6.2 Organic
6.3 Conventional
Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
7.1 Key trends
7.2 Food and beverages
7.3 Animal feed
7.4 Pharmaceuticals
7.5 Others
Chapter 8 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million, Kilo Tons)
8.1 Key trends
8.2 Supermarkets/hypermarkets
8.3 Online retail
8.4 Specialty stores
8.5 Direct supply
8.6 Others
Chapter 9 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)