Potato is considered to be one of the most popular feedstocks used for the production of starch. Potato starch is a soft, tasteless, and odourless powder which is extracted from the cells of root tubers of the potato plant containing starch grains. It is a well-known source of carbohydrates and is often used as a thickening agent for the preparation of sauces, soups and stews. Additionally, potato starch offers numerous health benefits which include absorption of carcinogenic and toxic compounds, regulating blood sugar levels, and increasing the absorption of several minerals like magnesium and calcium. A new research report by IMARC Group, titled “Potato Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global potato starch market reached a volume of 3.90 Million Tons in 2020. Looking forward, IMARC Group expects the global potato starch market to reach a volume of 4.46 million Tons by 2026.
Global Potato Starch Market Drivers/Constraints:
- Potato starch has become popular among vegan and health-conscious consumers as it does not contain gluten. This is one of the factors which is primarily driving the growth of the market.
- The market is also being driven by the continuous rising demand for potato starch in numerous end-use industries such as pharmaceutical, adhesive, paper, chemical and textile.
- The raw materials for manufacturing potato starch are easily available as potatoes are one of the largely grown vegetables across the globe. This acts as another factor which is positively influencing the growth of the market.
- However, the global potato starch market is being hindered by the storage losses associated with potatoes along with the rising availability of substitutes.
Applications Insights:
On the basis of application, the global potato starch market has been segmented into food and industrial applications. Amongst these, food applications dominate the market, representing the largest segment. This is due to the fact that potato starch can be used for the production of various bakery and meat products.
Regional Insights:
On a geographical front, Europe represents the leading market for potato starch. This can be accredited to the rising consumption of end-use products across the region. Europe is followed by Asia Pacific, North America, Latin America and, Africa and Middle East.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
- Avebe
- Emsland Group
- KMC
- Roquette
- Ingredion Incorporated
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- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
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- Value Chain Analysis
- Structure of the Global Market
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The global potato starch market size is expected to reach USD 762.63 million by 2026, exhibiting a 6.2% during the forecast period (2019-2026).
The growing westernization and economies of developing countries will create growth opportunities for the market.According to the report, published by Fortune Business Insights™ in a report, 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, 2019-2026” the market size stood at USD 473.06 million in 2018.The report offers informative insights into all the prevailing trends of the Potato Starch Market.
It provides statistical data on all the recent developments in the market.
It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers and potential investors.
Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments.Growing Inclination Towards Sugar-free Diet and Healthy Food Products to Bolster Market GrowthThe increasing focus of consumers towards sugar-free diet and a healthy lifestyle will enable the growth of the market during the forecast period.
According to the International Diabetes Federation, South East Asia was considered one of the diabetic capitals in the world, with 82 million people suffering from diabetes in 2017.
