Meticulous Research® , a leading name in global market research, has released a new 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 the report, the potato starch market is set to reach $5.6 billion by 2029 , growing at a CAGR of 3.9% from 2022 to 2029. By volume, the market is expected to hit 5,128.5 thousand tons by 2029, with a CAGR of 3.6% over the same period. Key growth drivers include increasing consumer demand for processed and convenience foods, the expanding use of potato starch in the paper industry, rising prevalence of celiac disease and other allergies, and heightened interest in functional foods. However, the growth of the market may be hindered by competition from alternative starches.

Market Segmentation

1. Nature: The market is divided into organic and conventional potato starch. The organic segment is projected to grow at the fastest rate from 2022 to 2029, thanks to the rising popularity of natural and sustainable food products and growing consumer preference for clean-label options. Organic potato starch is valued for being free from chemicals and pesticides.
2. Type: The market is segmented into modified and native potato starch. The modified potato starch segment is expected to dominate in 2022, driven by its versatile applications in various industries, including food, pharmaceuticals, and paper, due to its enhanced properties.
3. Function: The potato starch market is segmented by function into thickener , binder , stabilizer , disintegrant , and other uses. The thickener segment is forecasted to have the largest share in 2022, as potato starch is widely used to enhance texture and thickness in food, pharmaceuticals, and paper applications.
4. Application: The market is segmented into food & beverages (including bakery and confectionery, dairy products, soups and sauces, savory and prepared foods, meat and seafood, and other products), paper industry , pharmaceuticals & chemicals , animal feed , and other sectors. The food & beverages segment is expected to grow the fastest due to rising consumer awareness of natural ingredients, clean-label products, and the demand for convenient, ready-to-eat foods.
5. Geography: The report examines major regions including North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa . Europe is projected to hold the largest market share in 2022 due to increasing demand for convenience foods and health-conscious products. The Asia-Pacific region is expected to exhibit the highest growth rate, driven by economic expansion and increasing consumer spending.

Key Players:

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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Key Questions Answered in the Report-

• What is the current value of revenue generated by the global potato starch market?
• At what rate is the global demand for potato starch projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for the potato starch market?
• What are the major factors impacting the growth of this market at global and regional levels? What are the major opportunities for existing players and new entrants in the market?
• What impact does the current COVID-19 pandemic have on the potato starch market?
• Which nature, type, function, and application segments create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are likely to offer significant growth opportunities for the manufacturers in this market during the analysis period?
• Who are the major players in the potato starch market? What are their specific product offerings in this market?
• What recent developments have taken place in the potato starch market? What impact have these strategic developments created on the market?

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