Market Overview:
The global potato starch market size was USD 500.07 million in 2019 and is projected to reach USD 1142.78 million by 2032, exhibiting a CAGR of 6.62% during the forecast period based on our analysis in the existing report.
The demand for sweeteners in baking and confectionery is a key reason for the growth of the potato starch market. Also, people's interest in new food products like cakes and chocolates is helping the market grow. The spread of Western culture and the economic development of developing countries are also creating chances for the market to grow.
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Some of the Major Companies Operating in the Potato Starch Market are:
Emsland Group
Cargill, Incorporated
PEPEES Group
Roquette
Ingredion Incorporated
KMC
Novidon
AGRANA
Tereos
Vimal PPCE
A report by Fortune Business Insights, titled “Potato Starch Market Size, Share & Industry Analysis, By Nature (Organic and Conventional), End-use (Textile & Paper, Food & Beverages, and Pharmaceuticals), Type (Native and Modified), and Regional Forecast, 2020-2032,” states that the market size was USD 473.06 million in 2018. The report provides detailed insights into current trends in the potato starch market, covering all segments and regions. It includes recent market developments and is based on extensive research and analysis, making it valuable for companies, stakeholders, financiers, and potential investors. The report aims to give a clear picture of the market size and includes information on product launches, acquisitions, collaborations, partnerships, innovations, and industry developments.
Growing Inclination Towards Sugar-free Diet and Healthy Food Products to Bolster Market Growth
The demand for sugar-free foods and lifestyles is growing, expected to help the market expand. South East Asia has a high number of diabetes cases, leading to more people wanting sugar-free options to avoid health problems, which is good for sales. Manufacturers are also using more potato starch in these products, which will increase potato starch sales. Changing eating habits and new sweetener developments in the food industry will also help the market grow quickly.
Source: https://www.fortunebusinessinsights.com/industry-reports/potato-starch-market-101789
Expansion of Paper & Textile Industry will Consequently Favor Healthy Growth
The growing paper and textile sectors, fueled by more people, will offer many business chances. The use of potato starch in food and drinks, like thickening and stabilizing, will also help the market. For instance, it's used in ready-to-eat foods like processed meats, cheeses, canned soups, and pasta. The demand for easy-to-prepare foods like these will help the market grow. Also, the need for potato starch in making eco-friendly products like biomaterials and biodegradable packaging will further support the market's growth. These trends will all help the market expand.
Increasing Demand from Food & Beverage Industry will Facilitate Growth in Asia Pacific
Europe made $92.14 million and is likely to grow fast soon. The food and drink sector's need for potato starch will push this growth. More people eating ready-made food will also help the market grow. Asia Pacific is expected to be the second biggest market, mainly because its textile and paper sectors are doing well.
KEY INDUSTRY DEVELOPMENTS:
January, 2019 – Ingredion Inc. acquired the U.S.-based Western Polymer Corporation. The company produces modified and native potato starches. This acquisition helps the company deliver raw materials for industrial purposes.