Potato starch has diverse applications due to its unique qualities. In the food industry, it serves as a thickener, stabilizer, and binder in products like soups, sauces, and bakery items. Its gluten-free nature makes it suitable for various dietary preferences. Additionally, potato starch is used in pharmaceuticals, paper production, and textile. With excellent moisture retention, transparency, and high viscosity, potato starch offers superior functionality in multiple industries, making it a valuable and versatile ingredient in various products and processes.
According to Data Bridge Market Research, the Global Potato Starch Market is expected to grow with a CAGR of 7.00% in the forecast period of 2022 to 2029.
“Rising demand for ready-to-eat food products boosts the market’s growth”
The rising demand for ready-to-eat food products is driving the growth of the potato starch market. Potato starch is widely used as a thickening agent, stabilizer, and binder in various ready-to-eat food items such as soups, sauces, snacks, and desserts. Its excellent texture and neutral taste enhance the quality of these products. Additionally, the increasing preference for gluten-free and natural ingredients in the food industry further boosts the adoption of potato starch, contributing to the market's expansion.
What restraints the growth of the global potato starch market?
“Fluctuation in the prices of raw materials restraints the market’s growth”
Fluctuation in the prices of raw materials acts as a restraint on the potato starch market's growth. Potatoes are the primary source of starch, and any volatility in potato prices directly impacts the production cost of potato starch. Additionally, factors such as weather conditions, crop yields, and transportation costs can further affect the availability and cost of raw materials. Such price fluctuations can lead to higher production expenses and reduced profit margins, hindering the overall growth and stability of the potato starch market.
Segmentation: Global Potato Starch Market
The global potato starch market is segmented on the basis of nature, type, end use, and distribution channel.
- On the basis of nature, potato starch market is segmented into organic and conventional.
- On the basis of type, the potato starch market is segmented into native and modified.
- On the basis of end use, the potato starch market is segmented into food industry, paper industry, and others.
- On the basis of distribution channel, the potato starch market is segmented into indirect and direct.
Regional Insights: Europe dominates the Global Potato Starch Market
Europe dominates the potato starch market and will continue to flourish its trend of dominance during the forecast period owing to rapid urbanization and changing consumer preferences, there is a significant shift in demand for products and services. Urbanization leads to increased population density, creating new markets and opportunities. Meanwhile, evolving consumer preferences, influenced by factors such as sustainability and convenience, drive innovation and influence industries' offerings.
North America, however, is supposed to show lucrative growth due to rising demand for potato starch in the food and pharmaceutical industries, coupled with changing living standards, which has led to increased consumption. Potato starch's versatile applications as a thickener and stabilizer in food products and its use in pharmaceutical formulations have fueled its popularity, driving the market growth.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-potato-starch-market
The Prominent Key Players Operating in the Global Potato Starch Market Include:
- AGRANA Beteiligungs-AG (Austria)
- AKV Langholt (Denmark)
- ALOJA-STARKELSEN (Latvia)
- Avebe (Netherlands)
- Cargill, Incorporated (U.S.)
- Emsland Group (Germany)
- Bangkok Starch Industrial Co., Ltd. (Thailand)
- Roquette Frères (France)
- Sahyadri Starch & Industries Pvt. Ltd. (India)
- Nova Transfers Pvt. Ltd (India)
- Sanstar Bio-Polymers Ltd (India)
- Tantia Agrochemicals Private Limited (India)
- Finnamyl Ltd (Finland)
- Ingredion Incorporated (U.S.)
- MANITOBA STARCH PRODUCTS (Canada)
- Novidon (Netherlands)
- PEPEES Group (Poland)
- PPZ Trzemeszno Sp (Poland)
- Roquette (France)
- Siddharth Starch Pvt. Ltd. (India)
- Tereos (France)
Above are the key players covered in the report, to know about more and exhaustive list of global potato starch market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Potato Starch Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
