Potato starch is the starch that has been derived from potatoes. Once the starch has dried out, it becomes a light, powdery flour-like consistency and is a common ingredient used in many recipes. Since potato starch is gluten-free, it can be used in some recipes in place of gluten-free plain flour. One ubiquitous component that appears in many different recipes is potato starch. It works well to thicken sauces, is a good gluten-free substitute in baking dishes, and works well as a food coating when frying. Additionally, there are a number of potential health advantages to potato starch, such as enhanced insulin sensitivity and intestinal health.
Global Potato Starch Market Growth Trends
- The demand for convenience and processed foods is predicted to rise, driving the global potato starch market.
- A net 3% increase in the use of convenience foods has been noted worldwide, with developing nations seeing the most growth, according to Innova Market Insights. Remarkably, convenience food sales in the US continue to be robust.
- Moreover, expanding the uses of potato starch outside of the food sector is essential to the growth of the worldwide potato starch market. The product's application in non-food industries like paper manufacture, textiles, and medicines adds to its adaptability and expanding market reach.
- The growing demand from consumers for clean-label and gluten-free products has a substantial impact on the worldwide potato starch industry. Customers are moving away from the highly processed, low-calorie goods that dominated the later part of the previous century and toward a proper whole-food balanced diet. As a result, a growing number of consumers are turning to gluten-free foods to fuel their bodies and lay a solid, long-lasting foundation for a vibrant existence.
- 78% of customers say they would pay more for products labeled as all-natural, and, 56% would be willing to pay an additional 10-30%. 33% are also willing to spend an additional 20-30% more for all-natural products, according to an ATLAS poll. Furthermore, the clean label, all-natural, no artificial ingredient advantages category includes five of the top six claims.
- For instance, a new range of grain-free baking mixes that are gluten-free, paleo-friendly, and Non-GMO Project confirmed was unveiled by Bob's Red Mill Natural Foods, Inc. Dawn Food Products has added a variety of frozen sweet bakery products to its gluten-free lineup.
Asia-Pacific Potato Starch Market
- The main factor propelling the Asia-Pacific potato starch market is the rapidly expanding food industry in developing countries like China and India. The growing population in the area and changing dietary tastes are further factors contributing to the expansion of the potato starch industry. Potato starch is widely used in processed and convenience meals, which are in high demand as consumer lives shift and grow more Westernized.
- The China Chain Store & Franchise Association (CCFA) published a report in August 2021 that estimated the country's prepared food market increased by 24.1% year over year in 2021 and predicted the sector would reach a value of over 20% every year by 2025.
- Additionally, rising sales of potato starch are a result of rising per capita disposable income. Customers are willing to pay more for functional foods and drinks that contain potato starch.
- The Asia-Pacific area is still a rather bright place, according to the International Monetary Fund. It is predicted to expand by 4.2 percent in 2024 and 4.6 percent in 2023, putting it on pace to account for roughly two thirds of global growth this year.
Global Potato Starch Market Industry News
The global potato starch market is home to a few significant businesses. These companies are Agrana Beteiligungs-AG, Cargill Inc., Ingredion Inc., Tate and Lyle Plc., Tereos Group, Sudzucker AG, Pepees SA, and Royal Avebe U.A.- In July 2023- Brenntag, a distributor of chemicals and supplies, has announced a collaboration with Avebe, a farmer cooperative based in the Netherlands that produces potato protein and starch for human consumption, animal feed, and other uses.
- In October 2022- Cargill's 50% part in Cargill-AKV I/S, their joint venture, was acquired by AKV Langholt AmbA. This joint venture was founded in 1987 with the primary goal of producing and supplying cationic potato starches to the global paper industry.
- In March 2021- Ingredion Incorporated unveiled the new ULTRA-TEX 1311 potato starch range for the US and Canadian markets. It is advantageous to employ the unique qualities of waxy potato starch for thickening and texturizing in a variety of applications.
- In March 2021- AGRANA Beteiligungs-AG's longest-running potato starch processing campaign has concluded. Over 189 days, the business processed approximately 322,000 MT of potato starch as part of this experiment.
- In July 2020- The new ULTRA-TEX 1311 potato starch line was introduced by Ingredion Incorporated for the US and Canadian markets. Using the special properties of waxy potato starch to thicken and texturize a range of applications is beneficial.
Type - Market breakup in 2 viewpoints:
1. Modified2. Native
Nature - Market breakup in 2 viewpoints:
1. Conventional2. Organic
End User - Market breakup in 4 viewpoints:
1. Food & Beverage2. Paper
3. Pharmaceutical & Chemical
4. Others
Country - Market breakup of 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Product Portfolio
- Recent Development
- Revenue Analysis
Key Players Analysis:
1. Cargill Inc.2. Ingredion Inc.
3. Tate and Lyle Plc.
4. Tereos Group
5. Sudzucker AG
6. Pepees SA
7. Royal Avebe U.A.
8. Agrana Beteiligungs-AG
Table of Contents
Companies Mentioned
- Cargill Inc.
- Ingredion Inc.
- Tate and Lyle Plc.
- Tereos Group
- Sudzucker AG
- Pepees SA
- Royal Avebe U.A.
- Agrana Beteiligungs-AG
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | June 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 4.52 Billion |
| Forecasted Market Value ( USD | $ 6.7 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
