Market Overview:
The Global Potato Starch market size was reasonably estimated to be approximately USD 8200 Million in 2023 and is poised to generate revenue of over USD 12530 Million by the end of 2030, projecting a CAGR of around 6.20% from 2023 to 2030.
Potato starch is obtained by crushing potatoes to release starch grains, which are then separated, dried, and transformed into a powdery consistency. It is widely used in various recipes for its flour-like texture. Extracted from the root tubers of the potato plant, potato starch contains leucoplasts and serves as a versatile ingredient in cooking, baking, and food processing. The Potato Starch Market is expanding due to its versatility in improving texture and thickening properties in foods like sauces, puddings, and baked goods. Furthermore, it offers potential health benefits, such as aiding digestion, supporting immune health, and regulating blood sugar when used as a supplement.
Top Key Players Involved Are:
Cargill, Incorporated (U.S), Pepees S.A(Poland), Ingredion, Incorporated (U.S), KMC a.m.b.a (U.S), AGRANA Beteiligungs -AG (Austria), Tereos (France), Avebe (Netherlands), Emsland Group (Germany), Novidon, Roquette (France), Tata & Lyle (UK), VIMAL PPCE (Ukraine), Lyckeby (Sweden), Radchen USA (US), AKV Langholf (Denmark), and Other Key Players.
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Market Dynamics:
Driver:
The Global Potato Starch Market is driven by the increasing demand for processed and convenience foods, where potato starch serves as a crucial thickening agent, stabilizer, and texture enhancer. The paper industry's growth also contributes to the market, as potato starch is used as a bonding agent, surface size, and adhesive in paper products, driven by the expanding packaging and printing sectors. Furthermore, the rising prevalence of celiac disease and food allergies fuels the demand for gluten-free alternatives, positioning potato starch as a sought-after ingredient for consumers with dietary restrictions.
Opportunities:
The Global Potato Starch Market presents opportunities for growth and expansion. The expanding organic food market, driven by consumer demand for natural and organic products, provides a chance to tap into this growing sector by producing potato starch using organic methods. Additionally, advancements in starch processing technologies can enhance efficiency, improve product quality, and reduce production costs. Investing in research and development to enhance processing techniques and equipment can give companies a competitive advantage. Lastly, the diversification of applications is a promising opportunity.
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Potato Starch Market Segmentation:
By Type
- Native
- Modified
By Nature
- Conventional
- Organic
By Application
- Food & Beverage
- Textile & Paper Industry
- Pharmaceutical Industry
- Animal Feed
By Function
- Thickener
- Binder
- Stabilizer
- Disintegrant
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Regional Analysis Of The Potato Starch Market
Europe is Expected to Dominate the Market Over the Forecast Period
Europe is the leading region in the global potato starch market. The region's dominance can be attributed to several factors, including the availability of high-quality raw materials, a well-established food processing industry, and increasing demand for organic and natural products.
By Region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments In The Potato Starch Market
- In November 2022, Ingredion, Incorporated The company has announced that it will invest $160 million in capital investments through 2024 to selectively expand and increasingly localize its production capacity to meet customers’ growing demands for specialty starches that provide texture for taste along with formulating and label-friendly options for food and beverages.
- In January 2022, Avebe has invested in new equipment to develop innovation in potato starch products and create market value. The new equipment includes a spray dryer which has arrived. This technology enables Avebe to respond even better to the growing demand for plant-based products.
Table of content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
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Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By By Type
3.2 By Nature
3.3 By Application
3.4 By Function
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Potato Starch Market by By Type
5.1 Potato Starch Market Overview Snapshot and Growth Engine
5.2 Potato Starch Market Overview
5.3 Native
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2030F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Native: Geographic Segmentation
5.4 Modified
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2030F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Modified: Geographic Segmentation
Chapter 6: Potato Starch Market by Nature
To be continued…..
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