South Korea Potato Protein Market Outlook (2018 to 2032)

Year Value
2018 4.95
2019 5.2
2020 4.97
2021 5.1
2022 5.3
2023 5.54
2024 5.84
2025 6.19
2026 6.58
2027 7.01
2028 7.51
2029 8.04
2030 8.61
2031 9.24
2032 9.9
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South Korea Potato Protein Market Outlook (2018 to 2032)

Synopsis
The above chart is South Korea Potato Protein Market Outlook (2018 to 2032)

Market Dynamics

the potato protein market in south korea is expected to register an exponential growth in the coming years. the market is anticipated to be driven by increasing health awareness and increasing focus on health-related products amongst the korean populace. the rising urbanization and the inclination towards convenience-based food items are creating a favorable atmosphere for the growth of potato protein in the country. the market is projected to expand rapidly by the end of 2032, owing to the development of potato-based functional food and beverage products in the country. the rise in health-conscious consumers is further expected to fuel the demand for potato protein in the region over the forecast period. moreover, with the increasing health concerns linked with the consumption of animal-based products, the demand for plant-based proteins is also likely to gain substantial traction over the coming years. the major players in the south korea potato protein market include cj cheiljedang corp, hyeongkang food science and technology, dom biotechnologies co., ltd, meal plus co., ltd, and united agricultural manufacturing ltd. these companies are now shifting their focus towards the production of potato-based health products, such as potato protein-based snacks and beverages, as well as functional food items. the government has also gone a step further by launching campaigns to promote the consumption of healthy food in the country. such campaigns have boosted the demand for potato protein in the region. furthermore, the production of potato chips, snacks, and beverages made with potato protein has opened up new opportunities for players in the market. the market is further expected to be driven by the growing demand for potato protein in the region for the production of infant formula, animal feed, and bioactive compounds. to conclude, with the increasing focus on health and convenience, the south korea potato protein market is anticipated to register impressive growth in the coming years and has huge potential to fuel the growth of the potato-based functional food and beverage industry in the region.

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