Global Modified Potato Starch Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the last few years, modified potato starch has gained huge popularity as it offers essential nutrition for humans and animals coupled with its applications as the emulsifying, stabilizing and thickening agent and gluten-free alternative to flour. The determinants including, positioning the ingredient for industrial consumers, rapidly expanding food industry, development of the product along with the innovation in the taste and texture by the market players adds to the market value.

• Data Bridge Market Research analyses that the modified potato starch market is expected to reach USD 352.06 million by 2029, at a CAGR of 4.00% during the forecast period of 2022 to 2029. Organic segment is expected to show the significant growth in the nature segment of the market owing to the surging amount of consumer inclination towards the organic products.

Market Definition

Potato starch is an ingredient that is odourless, tasteless, and soft powder that is a rich source of carbohydrates derived from potato plant cells containing starch grains and is commonly used as a thickening ingredient in the food industry. The modified starch is created by physically, enzymatically, or chemically changing starch to boost the product's capacity to withstand varying temperatures and shelf life. Currently, the major players in the food industry are highly focused on enhancing the quality and shelf life of modified potato starch. Manufacturers have begun to use specific enzymes, chemicals, and organic solvents during the manufacturing process to increase product quality.

Modified Potato Starch Market Dynamics

Drivers

• High adoption of the modified potato starch in food and beverages industry

The high consumption of convenience food across the globe has resulted in the ride in demands for the binder, additive, thickener and stabilizer agent for the preparation of foods such as the chips, noodles, wine gums, cocktail nuts, hot dog sausages, bakery cream, instant soups and sauces.

• The increasing demand for the organic potato starch

The surge in food concerns and the awareness regarding the health benefits of organic product across the globe increases the consumer's inclination towards the organic ingredients in their products. The increasing demand for chemical-free and natural products and ingredients results in an increment in the adoption of organic potato starch across the globe.

• Usage across the various end-user industries

The high usage of the modified potato starch across the end-user industries due to its various beneficial applications has accelerated the demand for the market. The use of starch in pharmaceutical companies as a binder in solid dosage formulation and its usage in the paper industry due to its properties such as the smoothness, hardness, gloss, and whiteness are the determinants that cushion the growth of growth the market.

Opportunities

Furthermore, the constant improvement in quality extends profitable opportunities to the market players from 2022 to 2029. Additionally, the growing health-conscious population, the surge in disposable income, and the diversity in the usage of the modified potato starch in the end-user industry will further expand the modified potato starch market's growth rate. 

Restraints/Challenges

On the other hand, the fluctuation in the prices of raw materials, shortage of labour and the price volatility of crops due to climate changes are expected to obstruct market growth. Moreover, the issues associated with the transportation, processing of ingredients and distribution of the final products are projected to challenge the modified potato starch market in the forecast period of 2022-2029.

This modified potato starch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the modified potato starch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Modified Potato Starch Market

The ongoing health crisis around COVID-19 has affected the market negatively. Processed agricultural products were impacted by the coronavirus pandemic, which was endangering world food security. The potato-producing regions were widely affected by the crisis, which affected the production of potatoes, thus hampering the market's overall growth. However, the increased demand from the pharmaceutical industry boosted the market's growth.

One of the biggest challenges faced during the pandemic was the lack of workforce further resulting in the shortage of raw material that affected the production of potatoes. Moreover, the disruption is supply chain across the globe due to the various lockdown restriction imposed by the government resulted in the low production from the various end users including the food and beverages, chemicals, paper, and pharmaceutical industries.

Recent Development

• In March 2020, Ingredion Incorporated announced the acquisition of Western Polymer, a producer of native and modified potato starch-based in the United States. The acquisition will increase the Company's capacity for manufacturing potato starch, improve processing capabilities, and widen its higher-value specialty ingredients business and client base.
• In July 2020, BENEO announced a 50% increase in manufacturing capacity at its Wijgmaal factory. The corporation will invest USD 44.65 million to expand its activities. To meet the increasing demand for its rice starches, the company expanded its operations.

Global Modified Potato Starch Market Scope

The modified potato starch market is segmented on the basis of nature, distribution channel and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nature

• Organic
• Conventional

On the basis of nature, the modified potato starch market is segmented into organic and conventional. Organic segment is expected to show the significant growth in the market owing to the surging amount of consumer inclination towards the organic products.

Distribution Channel

• Indirect
• Direct

On the basis of distribution channel, the modified potato starch market is segmented into indirect and direct.

End-User

• Bakery
• Dairy and Deserts
• Soups, Sauces and Dressings
• Meat and Fish
• Savory and Snacks
• Confectionery
• Pet Food
• Others

On the basis of end-user, the modified potato starch market is segmented into bakery, dairy and deserts, soups, sauces and dressings, meat and fish, savory and snacks, confectionery, pet food and others.

Modified Potato Starch Market Regional Analysis/Insights

The modified potato starch market is analysed and market size insights and trends are provided by country, nature, distribution channel, and end-user as referenced above.

The countries covered in the fusion beverage market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

North America dominates the modified potato starch market because of the factors such as the rising demand for modified potato starch in the food and changing living standards within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the region's growing penetration in bakery industries.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Modified Potato Starch Market Share Analysis

The modified potato starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to modified potato starch market.

Some of the major players operating in the modified potato starch market are AGRANA Beteiligungs-AG, AKV Langholt, ALOJA-STARKELSEN, Avebe, Cargill, Incorporated, Emsland Group, Bangkok Starch Industrial Co., Ltd., Roquette Frères, Sahyadri Starch and Industries Pvt. Ltd., Sanstar Bio-Polymers Ltd., Finnamyl, Ingredion Incorporated, MSP Starch Products Inc., Novidon, PEPEES Group, PPZ Trzemeszno Sp, Roquette Frères, 5 Brothers., and Tereos among others.

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