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

Description

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.

Product Code: 11027

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 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 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 Product Type, 2021-2032 (USD Million, Tons)

5.1 Key trends
5.2 Organic potato peel powder
5.3 Conventional potato peel powder

Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Tons)

6.1 Key trends
6.2 Food and beverage Industry
- 6.2.1 Bakery products
- 6.2.2 Snacks
- 6.2.3 Others (Soups and sauces, and beverages)
6.3 Nutraceuticals
6.4 Cosmetics and personal care
6.5 Animal feed
6.6 Fertilizers and soil conditioners
6.7 Textiles
6.8 Others (biofuel production and biodegradable packaging)

Chapter 7 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million, Tons)

7.1 Key trends
7.2 Direct sales
7.3 Supermarkets/Hypermarkets
7.4 Specialty stores
7.5 Online retail
7.6 Others (wholesalers and distributors)

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Aayush Food Products
9.2 AGRANA Beteiligungs-AG
9.3 Foodchem International Corporation
9.4 Go Green Agri Solutions
9.5 KMC
9.6 Mahalaxmi Agro
9.7 Top Tier Ingredients, LLC.
9.8 Young Farmer