Meticulous Research®, a prominent global market research firm, has released a 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 report from Meticulous Research®, the potato starch market is anticipated to reach a value of $5.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2029. In terms of volume, the market is expected to reach 5,128.5 thousand tons by 2029, with a CAGR of 3.6% over the same period. This growth is primarily driven by the increasing demand for processed and convenience foods, the growing use of potato starch in the paper industry, the rising prevalence of celiac disease and other food allergies, and the heightened demand for functional food products. However, the presence of alternative starches in the market may significantly impede the market’s growth.
The potato starch market is categorized by nature (conventional, organic), type (modified potato starch, native potato starch), function (thickener, binder, stabilizer, disintegrant, and other applications), and application (food & beverages [bakery & confectionery products, dairy products, soups & sauces, savory & prepared food products, meat & seafood products, other food products], paper industry, pharmaceuticals & chemicals, animal feed, and other applications). The report also examines industry competitors and provides an analysis of regional and country-level markets.
Based on nature, the potato starch market is divided into organic and conventional segments. The organic segment is expected to achieve the highest compound annual growth rate (CAGR) during the forecast period from 2022 to 2029. This rapid growth is primarily due to the increasing trend toward sustainable and natural foods, as well as heightened awareness of clean-label products. Furthermore, the perception that organic foods are safer and healthier because they are free from chemicals and pesticides also contributes to the growth of this segment.
Based on type, the potato starch market is categorized into modified potato starch and native potato starch. In 2022, the modified potato starch segment is anticipated to hold the largest market share. This significant share is primarily attributed to the increasing use of modified potato starch in the food and beverage, pharmaceutical, and paper industries, driven by its improved functional properties.
Based on function, the potato starch market is segmented by function into thickener, binder, stabilizer, disintegrant, and other categories. In 2022, the thickener segment is projected to hold the largest market share. This dominance is largely due to the increasing utilization of potato starch as a thickener in the food and beverage, pharmaceutical, and paper industries, owing to its superior functional properties. It primarily adds thickness and texture to food products to meet consumer demands and ensure consistent texture under various conditions.
Based on application, the potato starch market is divided into segments such as food & beverages (including bakery & confectionery products, dairy products, soups & sauces, savory & prepared food products, meat & seafood products, and other food and beverage items), paper industry, pharmaceuticals & chemicals, animal feed, and other applications. The food & beverages segment is expected to achieve the highest compound annual growth rate (CAGR) from 2022 to 2029. This rapid growth is primarily due to increasing consumer awareness of natural ingredients in food products, the extensive use of potato starch in the food & beverages industry, rising consumer preference for clean-label and healthy products, and the growing demand for ready-to-eat and ready-to-cook food items.
This research report also provides a detailed analysis of key regions, including North America (the U.S. and Canada), Europe (Germany, the U.K., France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and the rest of Latin America), and the Middle East & Africa. In 2022, Europe is expected to hold the largest share of the potato starch market, driven by 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 projected to experience the fastest growth rate during the forecast period.
Key Players:
The potato starch market features a moderately competitive landscape due to the presence of numerous large and small global, regional, and local players. Major companies in this market include 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 revenue of the global potato starch market?
• At what annual growth rate is global potato starch demand expected to increase over the next 5-7 years?
• What have been the historical market size and growth rates for the potato starch market?
• What key factors are influencing market growth at both global and regional levels? What opportunities exist for current and new market entrants?
• How has the COVID-19 pandemic affected the potato starch market?
• Which segments by nature, type, function, and application are most attractive to manufacturers in this market?
• What are the main geographical trends in this market? Which regions or countries are expected to provide significant growth opportunities for manufacturers during the analysis period?
• Who are the leading companies in the potato starch market, and what specific products do they offer?
• What recent strategic developments have occurred in the potato starch market, and how have they impacted the market?
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