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The potato starch market is expected to attain a value of $5.6 billion by 2029.

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RAJUL BIJOLE
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Meticulous Research®—a premier global market research firm—has released a comprehensive 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’.

This detailed publication forecasts that the potato starch market will reach a value of $5.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2029. By volume, the market is projected to achieve 5,128.5 thousand tons by 2029, with a CAGR of 3.6% during the same period. The growth is driven by increasing consumer demand for processed and convenience foods, a surge in the need for potato starch within the paper industry, rising cases of celiac disease and food allergies, and growing interest in functional food products. However, the market faces challenges from alternative starches, which are expected to somewhat limit growth.

Market Segmentation

  • Nature: The market is categorized into organic and conventional potato starch. The organic segment is anticipated to experience the highest growth rate through 2029. This growth is fueled by the increasing consumer preference for sustainable and natural foods and heightened awareness of clean-label products. Organic potato starch is considered safer and healthier due to its lack of chemicals and pesticides, which further enhances its market appeal.

  • Type: Potato starch is divided into modified and native types. In 2022, the modified potato starch segment is expected to dominate the market. The segment's large share is attributed to the expanding applications of modified potato starch in food and beverages, pharmaceuticals, and the paper industry, owing to its superior functional properties.

  • Function: The market is segmented into functions such as thickener, binder, stabilizer, disintegrant, and others. The thickener function is projected to hold the largest market share in 2022. This is largely due to the widespread use of potato starch as a thickening agent in various sectors including food and beverages, pharmaceuticals, and the paper industry, where it enhances product consistency and texture.

  • Application: The potato starch market is divided into several applications including food and beverages (covering bakery, confectionery products, dairy, soups and sauces, savory and prepared foods, meat and seafood, and other products), paper industry, pharmaceuticals and chemicals, animal feed, and other uses. The food and beverages sector is expected to grow the fastest, driven by increasing consumer preference for natural ingredients, the versatility of potato starch in food products, and a rising demand for clean-label and healthy food options.

Regional Analysis

The report offers a detailed regional analysis of key markets including North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.

  • Europe is projected to hold the largest market share in 2022, driven by rising demand for convenience foods, growing health and wellness concerns, a robust food and beverage industry, and strong interest in organic and gluten-free products.

  • Asia-Pacific is expected to see the fastest growth rate during the forecast period, attributed to the expanding food processing industry, increasing disposable incomes, and heightened demand for convenience foods.

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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