Global Potato Starch Market to Grow at a CAGR of 4.4% During 2024-2032, Aided by the Thriving Food and Beverage Sector

Potato starch, a refined white powder extracted from potatoes, serves as a versatile thickening agent in culinary applications, providing a smooth texture to soups, sauces, and gravies. Its increasing applications in the food sector is a key factor driving the potato starch market. Notably, its gluten-free nature appeals to those with gluten sensitivities. Additionally, potato starch offers freeze-thaw stability, which makes it suitable for frozen food products. Available in both native and modified variants, potato starch finds applications in diverse industries, including food, pharmaceuticals, and textiles, underscoring its significance across sectors.

The European starch sector annually produces 10.5 million tonnes of starch and derivatives, along with over 5 million tonnes of proteins and fibres. This output is primarily sourced from 24 million tonnes of EU-grown wheat, maize, potatoes, barley, rice, and peas. Europe maintains its global lead in potato starch production, exporting it to various countries around the world. Notably, agricultural cooperatives, formed by farmers, continue to play a significant role in the majority of existing starch producing companies in the EU. The market's growth is closely influenced by developments in the potato sector. The potential starch extraction from tubers relies on potato's dry matter (DM) content. Potatoes designated for starch production typically feature a 25% dry matter content, with 19.2% constituting starch.

In October 2022, Danish cooperative AKV Langholt AmbA acquired Cargill's 50% stake in their joint venture, Cargill-AKV I/S, established in 1987 for producing cationic potato starches for the paper industry. The buyout expanded AKV's product line to include 90,000 tons of potato starch for the global food and paper industries, along with proteins and starches for the feed and pet food sectors.

In March 2021, Ingredion Incorporated (NYSE: INGR) introduced ULTRA-TEX® 1311 modified potato starch, a new addition to the company’s potato-based solutions in the U.S. and Canada. The instant starch enables food manufacturers to create premium products with enhanced appeal and potential cost savings. Ideal for various formulations, especially plant-based and keto-friendly applications, the starch offers improved stability, water-holding capacity, and sensory characteristics. Its applications include dairy, desserts, bakery/fruit fillings, dressings, and sauces.

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Market Breakup by Product Category, Application, and Region:

• The market is segmented based on product category into native starch, modified starch, and sweeteners.

• Based on application, the market is divided into food, industrial, and others.

• Region-wise, the global market for potato starch can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising food and beverage industry, particularly in emerging economies, propels the global potato starch market. Employed as a thickener, glueing agent, bulking ingredient, water binder, and anti-caking ingredient, it plays a vital role in various food segments, including the meat industry, bakeries, confectionery, and dry blends.

• The market for potato starch is impacted by higher consumption of convenient and processed foods, supported by increasing disposable income and a growing middle-class population. Potato starch is a key ingredient in ready-to-eat products, baked goods, and dessert mixes.

• The market is experiencing growth, supported by the product’s increasing application in the textile sector, particularly in fabric stiffening and finishing. The expanding textile industry, notably in emerging economies like China and India, is a contributing factor. Potato starch is commonly utilised for textile sizing, especially for cotton yarns, and serves as an adhesive within the industry, driving the market demand.

Key Offerings of the Report:

• The EMR report gives an overview of the global potato starch market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product category, application, and major regions of potato starch.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the potato starch market are Cargill, Incorporated, Tereos, Roquette Frères, Avebe, AGRANA Beteiligungs-AG, Emsland Group, and Novidon, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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