Global potato starch market will reach US$ 7.36 Billion by 2027 according to the publisher. Globally, potato starch is a fine powder made from the potato plant's root tubers that is low in fat and protein. It has a neutral taste and a high binding strength with minimal foaming. It gives baked goods like quick bread and muffins a light, fluffy texture. Its consumption also aids in the regulation of blood sugar levels and the absorption of magnesium and calcium. Because of its many qualities, it has become a popular raw material in the food, paper, textile, and pharmaceutical industries.Potato Starch Market reached a market of US$ 6.00 Billion in 2022. Industry Trends, Growth, Insight, Outlook, Impact of Inflation, Company Analysis, Global Forecast 2023-2027
The Global Potato Starch Industry is expanding at a CAGR of 4.17% from 2022-to 2027:
With the growing demand for healthier, safer, and natural products, the clean-label trend has gained traction in recent years. Hence, potato starches are gaining popularity because they fit the clean-label. Furthermore, robust demand for cost-effective additives such as potato starch drives the market growth.In contrast, the thriving global food industry drives innovation and new product development by leading manufacturers. Potato starch is also gaining appeal as a low-cost, ecologically friendly food processor replacement. Demand for potato starch as a low-cost meat substitute is predicted to rise as vegetarian meat substitutes to gain popularity.
Boost in Global Potato Starch Market size amid COVID-19 Pandemic:
Due to increased interest in ready-to-cook products and ingredients required for in-home cooking, the production and sales of potato starch did not suffer due to the COVID-19 pandemic, establishing the demand for naturally-derived potato starch ingredients across the food processing industry amidst the lockdown scenario. Furthermore, growing concerns about food safety due to the pandemic had been driving up demand for potato starch as a clean-label ingredient. Remarkably, the Global Potato Starch Market reached a market of US$ 6.00 Billion in 2022.Natural Ingredients' Growing Popularity to Boost Growth of the Native Potato Starch Segment:
Our report covers the market for Native starch, Modified starch, and Sweeteners. Globally, because of its higher amylose content, modified starch is widely used. Further, the rising usage of starch in the food and beverage industries has changed demand dynamics in recent years, raising demand for its native version. Also, rising interest in natural and clean-label ingredients due to perceived health benefits fuels the growth of the native segment.With the rising demand for potato starch in the food and beverage industries, America commands a commanding position:
The growing trend of clean-label and plant-based products is driving the potato starch market in the American region. Consumers nowadays want healthy products that are also enjoyable. Functional foods, including healthy snacks that use starch as a natural additive, are becoming increasingly popular. The thriving food industry primarily drives the Asia Pacific market in developing markets like India and China. The region's growing popularity of ready-to-eat and ready-to-cook products fuels the demand for this starch from the food processing industry. The growing interest in trying Western cuisines has increased demand for sauces, dressings, bakery products, and convenience foods, which will drive the region's potato starch market growth.The Confectionery and Drinks Industry Exhibits Dominance, Supported by Widespread Use of Potato Starch:
The increasing use of starch in the confectionery and beverage industries is expected to drive the global potato starch market collectively. Moreover, potato starch being a thickening, binding, and stabilizing agent is becoming an essential ingredient in various processed foods. Demand is steadily increasing due to the growing popularity of clean-label and plant-based products.Key Market Players:
The presence of many small and established businesses represents highly intense competition in the global market. Mergers, acquisitions, new product launches, collaborations, partnerships, and regional expansions are among the strategies used by players in the worldwide potato starch market to stay ahead of the competition. Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Limited are critical players in the potato starch market.This report titled “Potato Starch Market, Volume & Global Forecast, by Products (Modified Starch, Native Starch, Sweeteners), Region (Americas, Europe, Asia Pacific, ROW), End Use (Confectionery and drinks, Processed foods, Corrugating and paper making, Feed, Pharmaceuticals and Other Non-food), Companies (Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Limited)” studies the Global Potato Starch Industry.
Product the market has been covered from 3 viewpoints:
1. Native2. Modified
3. Sweeteners
Region the market has been covered from 4 viewpoints:
1. America2. Europe
3. Asia Pacific
4. Rest of the world
End Use the market has been covered from 6 viewpoints:
1. Confectionery and drinks2. Processed foods
3. Corrugating and paper making
4. Feed
5. Pharmaceuticals
6. Other Non-food
Processing Process, the market has been covered from 2 viewpoints:
1. Starch Value Chain2. Potato Starch Production Process
Company Insights:
- Business overview
- Recent Development
- Sales Analysis
Key Players Analysis
1. Cargill Inc2. Ingredion Inc
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Atlia Group
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Limited
Table of Contents
Companies Mentioned
- Cargill Inc
- Ingredion Inc
- Archer Daniels Midland Company
- Tate and Lyle
- Atlia Group
- Tereos Group
- Sudzucker AG
- Global Bio-Chem Technology Group Company Limited
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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