Global Potato Fiber Market Overview
Potato Fiber Market Size was estimated at 1.94 (USD Billion) in 2022. The Potato Fiber Industry is expected to grow from 2.02(USD Billion) in 2023 to 3.0 (USD Billion) by 2032. The Potato Fiber Market CAGR (growth rate) is expected to be around 4.47% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Potato Fiber Market Trends Highlighted
Key market drivers for potato fiber include increasing demand for plant-based products, growing awareness of its nutritional benefits, and expanding applications in various industries. The market is also driven by the search for sustainable and environmentally friendly alternatives to traditional fibers.Opportunities in the potato fiber market lie in its versatility, as it can be used in a wide range of products, including food and beverages, paper and packaging, and textiles. The market is also expected to benefit from rising demand for gluten-free and low-calorie products.Recent trends in the potato fiber market include the development of new and innovative products, such as potato fiber-based meat alternatives and biodegradable packaging materials. The market is also seeing increasing investment in research and development, with a focus on improving the functionality and applications of potato fiber. Furthermore, there is a growing trend toward sustainable and eco-friendly products, which is driving demand for potato fiber as a renewable and biodegradable material.
Potato Fiber Market Drivers
Rising Demand for Plant-Based Ingredients
The increasing demand for plant-based ingredients in multiple food and beverage applications is due to the rising popularity of vegan and vegetarian diets. One of the vital ingredients that helps to improve the nutritional and functional value of plant-based products is potato fiber. As recognized, potato fiber is a great source of dietary fiber and resistant starch. Since it has great texture, emulsification, and water-binding characteristics, it is frequently used in meat and dairy alternatives and bakery foods.
Increasing Health Consciousness
Consumers are getting more interested in their health with time and the number of food and beverage products has become more significant. Potato fiber responds to this trend by being beneficial for human health on a number of levels, from better digestion to a lower level of cholesterol and an extra feeling of satiety. This feature also allows for lower weight as a low-calorie and low contained fat ingredient.
Growing Applications in Functional Foods
The Potato Fiber Market Industry is witnessing the emergence and growth of potato fiber, which was previously unnoticed. Owing to a demand, a surge in the demand for functional foods whose role is more that of nutrition and provision of health benefits. This has gained a lot of attention due to its prebiotic nature since prebiotics are considered food for beneficial bacteria in the gut. This finds a great application as a functional ingredient in functional foods such as probiotics, prebiotics, and synbiotics which are considered advantageous as they assist improve health and well-being.
Potato Fiber Market Segment Insights
Potato Fiber Market Application Insights
The application segment is one of the key factors in determining the development of the Potato Fiber Market. The market segmentation identifies a wide range of applications in which potato fiber becomes the most demanded. Out of those applications, the Food and Beverages sector is one of the most significant ones. It was projected to be the leading application segment in 2023, with over 40% of the total market share. The growth is determined by the increased demand for gluten and plant-based food and beverages. Moreover, the potato fiber segments are to be potentially used in the Pharmaceuticals sector.The properties of the plant having a high guarantee of dietary fibers and prebiotic effects, generate interest on the part of various pharmaceutical and nutraceutical companies. The trend is projected to increase in the future due to the increasing rates of chronic diseases and a heightened public interest in gut health. Another application of the potato fiber is connected with the Papermaking sector.
The fiber serves as a more cost-efficient and nature-friendly alternative to the traditional wood pulp. The potato fiber is to be used as packaging material or printing paper due to its increased strength and durability compared to other received materials.In the future, this sector will benefit from the rising concerns about the environment and, therefore, more sustainable packaging.
The potato fiber is also projected to be widely used in the Bioplastics sector, where it is employed to create biodegradable plastic. This segment is to benefit from the overall tendency to increase the share of bioplastics among products, in order for higher sustainability. Moreover, the cosmetic sector is among the sectors that will benefit from the products that are more commonly used. The consumers’ increased interest in cosmetics due to various natural components, among which is the potato fiber.It will be used to create facial skincare products that focus on the recovery of dead skin cells. The tendencies of the Potato Fiber Market application show that the development is positive from a multiple-segment perspective. With the heightened interest in plant-based products, functional foods, sustainable packaging, and organic cosmetics, the Potato Fiber Market is to develop and increase its revenue in the years to come
SourcePrimary Research, Secondary Research, MRFR Database and Analyst Review
Potato Fiber Market Fiber Type Insights
The Potato Fiber Market is segmented by Fiber Type into Soluble Fiber, Insoluble Fiber, and Resistant Starch. The Soluble Fiber segment is projected to account for the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period. Soluble fiber is a type of dietary fiber that dissolves in water and forms a gel-like substance. It is found in foods such as oats, beans, lentils, apples, and pears. Soluble fiber has been shown to have a number of health benefits, including reducing cholesterol levels, improving blood sugar control, and aiding in weight loss.The Insoluble Fiber segment is expected to experience steady growth over the forecast period. Insoluble fiber is a type of dietary fiber that does not dissolve in water. It is found in foods such as wheat bran, vegetables, and nuts. Insoluble fiber has been shown to have a number of health benefits, including promoting regularity, preventing constipation, and reducing the risk of colon cancer.
The Resistant Starch segment is expected to experience the fastest growth over the forecast period. Resistant starch is a type of dietary fiber that is not digested in the small intestine.It is found in foods such as potatoes, bananas, and green bananas. Resistant starch has been shown to have a number of health benefits, including improving insulin sensitivity, reducing appetite, and promoting weight loss. The Potato Fiber Market is expected to witness significant growth over the forecast period, driven by increasing awareness of the health benefits of dietary fiber, rising disposable income, and changing dietary patterns.
Potato Fiber Market Extraction Method Insights
The potato fiber market is segmented on the basis of extraction methods, with the major segments being acid hydrolysis, enzymatic hydrolysis, and mechanical processing. Acid hydrolysis is expected to dominate the market with a projected revenue of USD 1.2 billion in 2024, owing to its cost-effectiveness and ease of implementation. Enzymatic hydrolysis is expected to witness significant growth, driven by the increasing demand for natural ingredients in food and beverage applications. Mechanical processing, while a traditional method, is expected to hold a steady market share due to its simplicity and low investment costs.The segmentation of the potato fiber market based on extraction method provides insights into the different technologies used to extract potato fiber, along with their respective market dynamics and growth potential.
Potato Fiber Market Source Insights
The source segment plays a crucial role in the dynamics of the Potato Fiber Market. Among the various sources of potato fiber, potatoes hold a dominant share in the market, accounting for over 60% of the revenue in 2023. This dominance is primarily attributed to the extensive cultivation of potatoes worldwide and their suitability for fiber extraction. Sweet potatoes, cassava, corn, and wheat are other significant sources of potato fiber, collectively contributing to the remaining market share. The demand for potato fiber from these sources is driven by their unique functional properties and growing applications in diverse industries.The market data suggests that the increasing demand for gluten-free and plant-based ingredients is fueling the growth of the potato fiber market from non-potato sources. As consumers become more health-conscious, the utilization of potato fiber from sources like sweet potatoes and cassava is anticipated to gain traction in the coming years.
Potato Fiber Market Regional Insights
The regional landscape of the Potato Fiber Market exhibits diverse growth trajectories. In 2023, North America dominated the market with a revenue share of around 38.4%, primarily due to the presence of major potato processing industries and rising consumer demand for convenience foods. Europe follows closely with a significant market share, driven by increasing health consciousness and growing adoption of plant-based ingredients. The Asia-Pacific region is anticipated to witness substantial growth over the forecast period, fueled by the expanding food and beverage sector and rising disposable incomes.South America and MEA are expected to contribute modestly to the Potato Fiber Market revenue, with emerging markets offering potential for future growth.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Potato Fiber Market Key Players And Competitive Insights
The main players operating in the potato fiber market are still seeking an advanced advantage by investing in researching and developing new products, extending their product portfolios, and obtaining new partner companies. Some of the Leading players in the Potato Fiber Market are Ingredion Incorporated, Emsland Group, Cargill, Incorporated, and The Archer Daniels Midland Company. The key players are focused on developing innovative potato fiber in order to meet the changing needs of the market. At the same time, going beyond the existing market position of the leading players, the industry is highly competitive, and every year, new players enter. Therefore, leaders of the market perform some strategies every year, such as merging and acquiring new companies create new joint ventures or partnership agreements. Avebe U.A. is a world leader in the production of both potato starch and potato fiber. The company has numerous factories and a strong position in Europe and North America. Over the years, the features of the industry have remained unchanged – the most important raw material for the production of native and modified potato fibers is still potatoes.
The company has started to gain new positions in Asia-Pacific. The company manages to offer a wide range of potato fiber, such as native potato fiber, modified potato fiber, and potato fiber concentrates. The company's products are used in such spheres as food and beverage, and personal care. Tereos Starch & Sweeteners is a company that is not that well-known. However, it can be named a key player in the Potato Fiber Market, which operates in Europe and South America. It also has advanced its position in North America and Asia-Pacific. The company's product line also consists of native potato fiber, modified potato fiber, and potato fiber concentrates. Products of Tereos are also used in applications of food, beverages, and personal care.
Key Companies in the Potato Fiber Market Include
- Tereos
- Agrana Stärke
- Avebe
- Vestkorn Milling AS
- Emsland Group
- Ingredion Incorporated
- Penford Corporation
- Lyckeby Starch
- KMC
- Archer Daniels Midland Company
- AGRANA BeteiligungsAG
- Cargill, Incorporated
Potato Fiber Market Industry Developments
The potato fiber market is projected to reach USD 3.0 billion by 2032, exhibiting a CAGR of 4.47% during the forecast period. Increasing demand for plant-based and gluten-free ingredients, rising health consciousness, and growing applications in food and beverage industries are driving the market growth. Key developments include the launch of innovative potato fiber-based products, strategic partnerships and acquisitions, and technological advancements to enhance fiber content and functionality. Sustainable sourcing practices and environmental concerns are also influencing market dynamics. Leading players are focusing on expanding their production capacities, developing new products, and targeting emerging markets to capitalize on the growing demand for potato fiber.
Potato Fiber Market Segmentation Insights
-
Potato Fiber Market Application Outlook
- Food and Beverages
- Pharmaceuticals
- Papermaking
- Bioplastics
- Cosmetics
-
Potato Fiber Market Fiber Type Outlook
- Soluble Fiber
- Insoluble Fiber
- Resistant Starch
-
Potato Fiber Market Extraction Method Outlook
- Acid Hydrolysis
- Enzymatic Hydrolysis
- Mechanical Processing
-
Potato Fiber Market Source Outlook
- Potatoes
- Sweet Potatoes
- Cassava
- Corn
- Wheat
-
Potato Fiber Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.94(USD Billion) |
| Market Size 2023 |
2.02(USD Billion) |
| Market Size 2032 |
3.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.47% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Tereos ,Agrana Stärke ,Avebe ,Vestkorn Milling AS ,Emsland Group ,Ingredion Incorporated ,Penford Corporation ,Lyckeby Starch ,KMC ,Archer Daniels Midland Company ,AGRANA BeteiligungsAG ,Cargill, Incorporated |
| Segments Covered |
Application, Fiber Type, Extraction Method, Source, Regional |
| Key Market Opportunities |
Growing demand for plant-based foods Increasing use of gluten-free products Applications in functional foods and beverages Rising awareness of health benefits Expansion into emerging markets |
| Key Market Dynamics |
Rising demand for plant-based foods Growing health awareness Increasing use in food and beverage formulations Technological advancements in extraction and processing Expansion of ecommerce platforms |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
In 2023, the potato fiber market is projected to have an overall valuation of 2.02 billion USD. By 2032, it is estimated to reach 3.0 billion USD, exhibiting a CAGR of 4.47% during the forecast period.
The North American region is anticipated to be a major contributor to the growth of the potato fiber market, driven by increasing demand from end-use industries such as food and beverage, pharmaceuticals, and personal care.
Potato fiber finds applications in a wide range of industries, including food and beverage as a thickener, stabilizer, and dietary fiber source; pharmaceuticals as a binder and disintegrant; and personal care as an exfoliant and moisturizer.
Key players in the potato fiber market include Emsland Group, Avebe, Ingredion Incorporated, Cargill, Incorporated, and SunOpta.
The rising demand for plant-based ingredients, increasing awareness of the health benefits of dietary fiber, and growing applications in various industries are driving the growth of the potato fiber market.
Challenges faced by the potato fiber market include fluctuations in raw material prices, intense competition from synthetic fibers, and stringent regulatory requirements in some regions.
Growth opportunities for the potato fiber market lie in the expansion of applications in emerging markets, the development of new and innovative products, and increasing demand for sustainable and eco-friendly ingredients.
Potato fiber production has a relatively low environmental impact compared to synthetic fibers, as it utilizes a renewable resource and generates minimal waste.
The potato fiber market is anticipated to witness continued growth in the coming years, driven by increasing demand for functional ingredients, rising health consciousness, and technological advancements.
Key trends shaping the potato fiber market include the growing popularity of clean-label products, increasing demand for gluten-free and vegan ingredients, and the adoption of sustainable practices throughout the supply chain.
