Potato Starch Market Worth $5.6 Billion by 2029
Meticulous Research®—a leading global market research company, published a research report titled ‘Potato Starch Market by Nature (Conventional, Organic), Type (Modified, Native), Function (Thickener, Binder, Stabilizer, Disintegrant), Application (Food [Bakery, Dairy], Beverages, Paper Industry, Animal Feed, Pharmaceutical)–Global Forecasts to 2029’.
According to this latest publication from
Meticulous Research®, based on value,
the potato starch market is projected to reach $5.6 billion by 2029, at a
CAGR of 3.9% from 2022 to 2029. In terms of volume, this market is projected to
reach 5,128.5 thousand tons by 2029, at a CAGR of 3.6% from 2022 to 2029. The
growth of this market is mainly attributed to the growing demand for processed
and convenience food, the increasing need for potato starch in the paper
industry, the rising incidence of celiac disease and other food allergies, and
the rising demand for functional food products. However, the alternative
starches available in the market are expected to hinder the growth of this
market to a notable extent.
The potato starch market is segmented by nature
(conventional, organic), type (modified potato starch, native potato starch),
function (thickener, binder, stabilizer, disintegrant, and other applications),
application (food & beverages (bakery & confectionery products, dairy
products, soups & sauces and savoury & prepared food products, meat
& seafood products, other food products), paper industry, pharmaceuticals
& chemicals, animal feed, and other applications, and geography. The study
also evaluates industry competitors and analyses the regional and country-level
markets.
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Scope of the Report:
Potato Starch Market, by
Nature
·
Conventional Potato Starch
·
Organic Potato Starch
Potato Starch Market, by
Type
·
Modified Potato starch
·
Native Potato
Starch
Potato Starch Market, by
Function
·
Thickener
·
Binder
·
Stabilizer
·
Disintegrant
·
Other Functions
Potato Starch Market, by
Application
·
Food & Beverages
o
Bakery & Confectionery Products
o
Dairy Products
o
Soups & Sauces and Savoury & Prepared Food
Products
o
Meat & Seafood Products
o
Other Food and Beverage Products
·
Paper Industry
·
Pharmaceuticals and Chemicals
·
Animal Feed
·
Other Applications
Potato Starch Market, by
Geography
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
France
o
U.K.
o
Italy
o
Spain
o
Rest of Europe (RoE)
·
Asia-Pacific
o
China
o
Japan
o
India
o
Australia
o
Rest of Asia-Pacific (RoAPAC)
·
Latin America
o
Brazil
o
Mexico
o
Argentina
o
Rest of Latin America (RoLATAM)
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Based on
nature, the potato starch market
is segmented into organic and conventional. The organic segment is projected to
register the highest CAGR during the forecast period of 2022–2029. The fast
growth of this segment is mainly attributed to the growing trend for
sustainable and natural food and awareness about clean-label products.
Additionally, organic foods are perceived to be safer and healthier as they are
free from any chemicals and pesticides, which further supports the growth of
this segment.
Based on
type, the potato starch market
is segmented into modified potato starch and native potato starch. In 2022, the
modified potato starch segment is expected to account for the largest share of
the potato starch market. The key factor contributing to the large market share
of this segment is the growing application of modified potato starch in food
and beverages, pharmaceuticals, and the paper industry due to its enhanced
functional properties.
Based on
function, the potato starch
market is segmented into thickener, binder, stabilizer, disintegrant, and other
functions. In 2022, the thickener segment is expected to account for the
largest share of the potato starch market. The large market share of this
segment is mainly attributed to the growing use of potato starch as a thickener
in the food & beverage, pharmaceuticals, and paper industries due to its
enhanced functional properties. It primarily provides thickness and texture in
food products to address consumer requirements and maintain stable texture in
various conditions.
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Based on
application, the potato starch
market is segmented into food & beverages (bakery & confectionery
products, dairy products, soups & sauces and savory & prepared food
products, meat & seafood products, and other food and beverage products);
paper industry; pharmaceuticals & chemicals; animal feed; and other
applications. The food & beverages segment is projected to register the
highest CAGR during the forecast period of 2022–2029. The fast growth of this
segment is mainly attributed to the increasing consumer awareness regarding the
consumption of food products with natural ingredients, the wide range of potato
starch applications in the food & beverages industry, the growing consumer
preference for clean label & healthy products, and the rising demand for
ready-to-eat and ready-to-cook food products.
This research report analyzes major geographies
and provides a comprehensive analysis of North America (the U.S. and Canada),
Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (China,
India, Japan, Australia, and RoAPAC), Latin America (Brazil, Mexico, Argentina,
RoLATAM), and the Middle East & Africa. In 2022, Europe is expected to
account for the largest share of the potato starch market. The large share of
this market is mainly attributed to the increasing demand for convenience foods;
growing health and wellness concerns; a well-established food & beverage
industry; and strong demand for organic, gluten-free food products. However,
the Asia-Pacific region is expected to record the fastest growth rate during
the forecast period.
Key Players:
The potato starch market is characterized by a
moderately competitive scenario due to the presence of many large- and
small-sized global, regional, and local players. The key players operating in
the potato starch market are Cargill, Incorporated (U.S.), Ingredion
Incorporated (U.S.), Roquette Frères (France), AGRANA Beteiligungs-AG
(Austria), Emsland Group (Germany), KMC a.m.b.a. (Denmark), Südstärke GmbH
(Germany), Peepes S.A. (Poland), Novidon B.V. (Netherlands), HANSELAND Ltd.
(Turkey), Royal Ingredients Group B.V. (Netherlands), Meelunie B.V.
(Amsterdam), and Agrum Foods India Pvt. Ltd
(India).
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Key
Questions Answered in the Report-
· What is the current value of revenue generated by the global
potato starch market?
· At what rate is the global demand for potato starch projected to
grow for the next 5-7 years?
· What is the historical market size and growth rate for the potato
starch market?
· What are the major factors impacting the growth of this market at
global and regional levels? What are the major opportunities for existing
players and new entrants in the market?
· What impact does the current COVID-19 pandemic have on the potato
starch market?
· Which nature, type, function, and application segments create
major traction for the manufacturers in this market?
· What are the key geographical trends in this market? Which
regions/countries are likely to offer significant growth opportunities for the
manufacturers in this market during the analysis period?
· Who are the major players in the potato starch market? What are
their specific product offerings in this market?
· What recent developments have taken place in the potato starch
market? What impact have these strategic developments created on the market?
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