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Global Potato Starch Market to grow at a CAGR of 2.4% in the forecast period of 2020-2025

According to a new report by EMR titled, ‘Global Potato Starch Market Report and Forecast 2020-2025’, the global potato starch market attained a volume of nearly 3.89 million tons in 2019. The market is further expected to grow at a CAGR of 2.4% in the forecast period of 2020-2025 to attain a production volume of 4.48 million tons by 2025.

The potato starch market is being driven by the growing food and beverage industry, globally. Europe dominates the global potato starch market, accounting for over three-fifth of the total market share. The other significant markets for the product are the Asia Pacific and North America. The starch market relies on the production of potatoes and other tuberous crops for its growth. With the increasing production of potatoes in the Asian and African regions, they are emerging as a significant market for the potato starch. China is the leading producer of tuberous crops followed by India, and both the regions together account for nearly one-third of the world’s harvested potatoes. Other than food industries, potato starch is finding applications in different sectors like pharmaceuticals and textiles as well, which provides further impetus to the market.

Moreover, the growing innovation in the food and beverage sector is aiding the market growth. In July 2018, Ingredion Incorporated (NYSE: INGR), a leading global ingredients solutions company, launched three functional potato starches that will save costs and optimise texture in processed cheeses, providing manufacturers with greater functionality and choice. The company has added these potato starches to its processed cheese ingredient range by the name CheeseApp starches, which provide appealing texture along with the optimum taste. The company, with this launch, has tapped into the growing consumer demand for vegan products, which will enhance its market growth and aid the global market as well.

Market Breakup by Types, Applications, and Regions:

  • The different types of potato starch that are available in the market can be categorised as native, modified and sweetener.
  • Potato starch finds application in sectors like food, paper, textile, pharmaceuticals, and personal care, among others.
  • Region-wise, the global potato starch market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Key Findings of the Report:

  • With the growing food and beverage industries, the use of potato starch, especially in ready-to-eat food segment has increased, which is aiding the global potato starch market.
  • The expanding textile industry, particularly in the emerging economies, further aids in market growth. 
  • With the growing middle-class population and rising disposable incomes, the demand for convenient and processed food has increased, which, in turn, drives the potato starch market.
  • The increasing demand for vegan products is propelling the market forward as well.

Key Offerings of the Report:

  • The EMR report gives a detailed insight into the types, applications, and regional markets of potato starch for the periods (2015-2019) and (2020-2025). 
  • The global trade data analysis for the year 2019 has been provided.
  • The report by EMR also gives the regional historical (2015-2019) and forecasted (2020-2025) price trends for potato starch.

Cargill, Incorporated, Ingredion Incorporated, Tereos S.A., Roquette Frères, The Cooperative Avebe U.A., Emsland Group, AGRANA Beteiligungs AG, VIMAL PPCE, and Novidon B.V., among others are the major players in the global potato starch market. This comprehensive report by EMR looks into the market share, capacities, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds of these players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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