Meticulous Research®—a leading global market research company, published a research report titled ‘Potato Starch Market by Nature (Conventional, Organic), Type (Modified, Native), Function (Thickener, Binder, Stabilizer, Disintegrant), Application (Food [Bakery, Dairy], Beverages, Paper Industry, Animal Feed, Pharmaceutical)–Global Forecasts to 2029’.
According to this latest publication from Meticulous Research®, based on value, the potato starch market is projected to reach $5.6 billion by 2029, at a CAGR of 3.9% from 2022 to 2029. In terms of volume, this market is projected to reach 5,128.5 thousand tons by 2029, at a CAGR of 3.6% from 2022 to 2029. The growth of this market is mainly attributed to the growing demand for processed and convenience food, the increasing need for potato starch in the paper industry, the rising incidence of celiac disease and other food allergies, and the rising demand for functional food products. However, the alternative starches available in the market are expected to hinder the growth of this market to a notable extent.
The potato starch market is segmented by nature (conventional, organic), type (modified potato starch, native potato starch), function (thickener, binder, stabilizer, disintegrant, and other applications), application (food & beverages ( bakery & confectionery products, dairy products, soups & sauces and savory & prepared food products, meat & seafood products, other food products), paper industry, pharmaceuticals & chemicals, animal feed, and other applications, and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on nature, the potato starch market is segmented into organic and conventional. The organic segment is projected to register the highest CAGR during the forecast period of 2022–2029. The fast growth of this segment is mainly attributed to the growing trend for sustainable and natural food and awareness about clean-label products. Additionally, organic foods are perceived to be safer and healthier as they are free from any chemicals and pesticides, which further supports the growth of this segment.
Based on type, the potato starch market is segmented into modified potato starch and native potato starch. In 2022, the modified potato starch segment is expected to account for the largest share of the potato starch market. The key factor contributing to the large market share of this segment is the growing application of modified potato starch in food and beverages, pharmaceuticals, and the paper industry due to its enhanced functional properties.
Based on function, the potato starch market is segmented into thickener, binder, stabilizer, disintegrant, and other functions. In 2022, the thickener segment is expected to account for the largest share of the potato starch market. The large market share of this segment is mainly attributed to the growing use of potato starch as a thickener in the food & beverage, pharmaceuticals, and paper industries due to its enhanced functional properties. It primarily provides thickness and texture in food products to address consumer requirements and maintain stable texture in various conditions.
Based on application, the potato starch market is segmented into food & beverages (bakery & confectionery products, dairy products, soups & sauces and savory & prepared food products, meat & seafood products, and other food and beverage products); paper industry; pharmaceuticals & chemicals; animal feed; and other applications. The food & beverages segment is projected to register the highest CAGR during the forecast period of 2022–2029. The fast growth of this segment is mainly attributed to the increasing consumer awareness regarding the consumption of food products with natural ingredients, the wide range of potato starch applications in the food & beverages industry, the growing consumer preference for clean label & healthy products, and the rising demand for ready-to-eat and ready-to-cook food products.
This research report analyzes major geographies and provides a comprehensive analysis of North America (the U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (China, India, Japan, Australia, and RoAPAC), Latin America (Brazil, Mexico, Argentina, RoLATAM), and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the potato starch market. The large share of this market is mainly attributed to the increasing demand for convenience foods; growing health and wellness concerns; a well-established food & beverage industry; and strong demand for organic, gluten-free food products. However, the Asia-Pacific region is expected to record the fastest growth rate during the forecast period.
The potato starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the potato starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Roquette Frères (France), AGRANA Beteiligungs-AG (Austria), Emsland Group (Germany), KMC a.m.b.a. (Denmark), Südstärke GmbH (Germany), Peepes S.A. (Poland), Novidon B.V. (Netherlands), HANSELAND Ltd. (Turkey), Royal Ingredients Group B.V. (Netherlands), Meelunie B.V. (Amsterdam), and Agrum Foods India Pvt. Ltd (India).
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