Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 3.30566675913932 USD Million |
| 2019 | 3.41257727327186 USD Million |
| 2020 | 3.20400351497327 USD Million |
| 2021 | 3.27279113744003 USD Million |
| 2022 | 3.35797598129968 USD Million |
| 2023 | 3.45757940270878 USD Million |
| 2024 | 3.57383848350847 USD Million |
| 2025 | 3.7008866614427 USD Million |
| 2026 | 3.84161785591173 USD Million |
| 2027 | 3.9904709953985 USD Million |
| 2028 | 4.17960394572385 USD Million |
| 2029 | 4.37529748578588 USD Million |
| 2030 | 4.62393104086775 USD Million |
| 2031 | 4.82435871656604 USD Million |
| 2032 | 5.03825874775661 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The Spain potato protein market has shown immense potential in the recent years and looks to be one of the most promising markets across the globe in the years to come. With an increasing demand for plant-based proteins, this market is expected to experience accelerated growth from 2018 to 2032. The growth of the Spanish potato protein market is attributed to factors such as the increasing awareness of the health benefits of plant-based proteins and the rising awareness of animal welfare. In addition, the increasing demand from vegan consumers for plant-based proteins is also adding to the growth of the market. Moreover, the increasing consumption of convenience food and snacks, which contain potato protein as an ingredient, is also expected to contribute to the growth of the market. The Spanish potato protein market is estimated to grow at a CAGR of 5.3% from 2018 to 2032. The growing demand for food products containing potato protein is driven by the increasing popularity of vegan and vegetarian diets. Moreover, the introduction of novel products such as potato protein-based dietary supplements and nutraceuticals has further increased the demand for potato protein.
Furthermore, the increasing adoption of potato protein in the food and beverage industry, for the manufacture of healthy snacks, is certain to support the growth of the market. One of the major players in the Spain potato protein market is the Spanish startup Molino Verde Innovaciones Alimentarias SL, who is producing potato protein in large scale. They are capitalising on the increasing demand for plant-based proteins, launching a series of products and introducing novel plant-based proteins in the market. Moreover, their potato proteins are also finding usage in the cosmetics and pharmaceutical industries, which is expected to support the growth of the market. Overall, the Spain potato protein market is expected to expand significantly from 2018 to 2032, courtesy of the consumer shift towards healthier plant-based proteins and the growing demand for convenience food and snacks. The growth of this market is further supported by the increasing number of manufacturers investing in the research and development of better quality potato proteins. Furthermore, the rising demand from vegan consumers is also expected to benefit the market.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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