The reports published by MarkNtel Advisors aim to conclude the complete market knowledge of the respective industries to make the clients get the particular market-related information at one stop. Recently, by following thorough research, MarkNtel Advisors has issued a study on the Global Potato Starch Market. As per the research report, the size of the market was valued at USD 3.49 billion in 2023 and is estimated to grow at a CAGR of around 3.1% during the forecast period, i.e., 2024-30. The major factors attributed to the expansion of the Potato Starch Market globally include the rising demand for plant-based food products and the escalating utilization of potato starch in numerous sectors, such as textile, paper, etc.
Moreover, owing to the various features and characteristics of potato starch like stabilizing, texturizing, and thickening agents crucial for cooking numerous food products result in its burgeoned demand from the food & beverage sector. Additionally, potato starch is vital in an extensive range of food products like sauces, soups, bakery, confectionary, processed foods, ready-to-eat meals, and others. All these aspects together have boosted the Global Potato Starch Market substantially.
Furthermore, according to the published report, the increasing global workforce & rising demand for convenient food are likely to drive market expansion. Besides, the growing need for clean labels & natural ingredients is also expected to flourish the market expansion. The demand for potato starch is also anticipated to surge given the evolving requirement for processed & gluten-free food items, further aiding the overall market growth.
Market Players Retaining a Prominent Share in the Global Potato Starch Market
The leading players in the Global Potato Starch Market include Emsland-Stärke GmbH, Vimal PPCE, Tereos International SA, Cargill Incorporated, Pepees S.A., KMC (Kartoffelmelcentralen), Tate & Lyle Netherlands B.V., Coöperatie Koninklijke Avebe U.A., Roquette Freres, Radchen USA Inc, Royal Ingredients Group, Susdtarke GmbH, Lyckeby Amylex, Inc, Agrana Beteiligungs, and AKV Langholt AMBA, among others. These market contenders have a strong hold on the market shares and are in a dominant position across the industry.
Analyzing the Global Potato Starch Market Segmentation
- By Nature (Organic and Conventional)
- By Type (Native and Modified)
- By End User (Food & Beverages (Bakery & Confectionery Products, Processed Foods, Beverages, and Others (Ready to Eat Foods, Noodles, etc.)), Feed, and Industrial (Paper, Pharmaceuticals, Cosmetics, Biodegradable Plastic, and Others))
- By Region (North America, South America, Europe, The Middle East & Africa, and Asia-Pacific)
The rising adoption & utilization of potato starch in several segments such as paper, pharmaceutical, cosmetics, etc., are likely to upsurge the Industrial segment’s growth. Potato starch consists of binding, coating, and viscosity features that aid in the segment’s growth. Predominantly used as a coating agent, binding agent, sizing agent, etc., potato starch helps in improving the water resistance and resilience of paper, mainly in used for packaging materials and specialty papers, further enhancing its demand for industrial applications. Furthermore, the rising implementation of potato starch in the textile industry to enhance the weaving efficacy and dimensional reliability of yarns and fabrics, further augments its demand in the textile industry.
Rising Adoption & Consumption of Gluten-free Food Products Among the Global Population is Likely to Proliferate the Market Growth
The prevalence of numerous factors such as mounting consciousness regarding health, rising disposable incomes, and gluten allergies among consumers have driven the popularity of gluten-free food products globally. Moreover, the demand for gluten-free food products is further increased due to the amplified consciousness of gluten-related health issues such as celiac disease and gluten sensitivity, as well as a developing inclination for healthier and more varied dietary alternatives. Additionally, the population is readily inclining towards gluten-free choices across many food categories, ranging from bakery goods and snacks to ready-to-eat meals and beverages. Along with this, the manufacturers are also taking efforts to cater to the growing demand, further augmenting the overall market growth.
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