The Europe Potato & Yam Derivatives Market would witness market growth of 2.8% CAGR during the forecast period (2023-2030).
The demand for alternative food products made from potatoes & yams is driven by consumer adoption of a plant-based diets. Derived from potatoes & yams, they can provide a variety of natural flavors, textures, and nutrients to plant-based food and drinks. These derivatives can be processed using various techniques, including powdering, flaking, pureeing, and starch extraction, giving food producers a variety of alternatives for incorporating them into their products.
The demand for yams is rising as public awareness of their health benefits increases. Vitamin C, magnesium, potassium, manganese, copper, and fiber are some of the nutrients found in yams. Yams can also aid with inflammation and brain function. They include a special substance called diosgenin, which encourages neuron growth, improves brain function, and slows the development of rheumatoid arthritis and osteoporosis arthritis. Yams support healthy cholesterol levels as well.
Products made from yams are excellent source of vitamin B6, which supports the development of blood vessel walls. They also contain carbohydrates, which give the body energy and endurance. These elements are fueling the market's demand. The yam products aid digestion, enhance cognitive function, and delay the onset of aging indications, such health advantages are accelerating the market's expansion.
According to the USDA, Germany is by far the EU's largest industry for food and beverages. The food processing industry ranks third largest in Germany. 2019 brought an expected 221.7 billion USD in processed food production in Germany. Germany is also the largest producer and consumer of potatoes in the European Union. Germany produced 10.60 million tonnes of potatoes in 2091 and 11.72 million in 2021. This would result in wide demand for potato & yam derivatives for use in food processing and beverage fermentation. Thus, the market will grow in the region due to the increasing production of potatoes and growing F&B sector.
The Germany market dominated the Europe Potato & Yam Derivatives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $64,323.2 million by 2030. The UK market is exhibiting a CAGR of 2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3.6% during (2023 - 2030).
Based on Application, the market is segmented into Food, Animal Feed, Fermented Beverages, and Others. Based on Type, the market is segmented into Starch, Whole, Feed, Flour, Protein, Tapioca, and Others. Based on Source, the market is segmented into Potato, Sweet Potato, and Yam. Based on Distribution Channel, the market is segmented into B2C, and B2B. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Potato & Yam Derivatives Market is Projected to reach USD 781.9 Billion by 2030, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tate & Lyle PLC, Royal Avebe U.A., Roquette Freres SA, Tereos S.A, Ingredion Incorporated, Emsland Group, Basic American Foods, Pepees SA, McCain Foods Limited and Ham farms.
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