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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.
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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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