Global Potato Starch Market is expected to grow at a CAGR of 6.1% during the forecast period from 2019-2025
Global Potato Starch Market 2019, Global Potato Starch Market Growth, Global Potato Starch Market Trends and Analysis,
Global Potato Starch Market by Nature (Organic, Conventional), Type (Native, Modified), End Use (Food Industry, Paper Industry, Others), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Leading companies in the industry includesEmsland Group, Cargill, Inc., SÜDSTÄRKE GMBH, PEPEES Group, Ingredionamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in February 2018, AKV LangholtAmbA, a cooperative owned by 160 potato growers in Denmark, produced potato starch and potato protein as well as by-products. Cargill and AKV LangholtAmbA, its Danish potato starch partner, would invest in a new potato starch production unit at the Langholt facility in Denmark.
The nature segment is classified into organic and conventional. The organic starch segment dominated the potato starch market with USD 3,280.20 Million in 2017. Potato starch is starch extracted from potatoes.To extract the starch, the potatoes are crushed; the starch grains are released from the destroyed cells. The starch is then washed out and dried to powder. Thus, it is organic in nature.Type segment includes native and modified. Modified method is the fastest growing segment with the CAGR of 8.5% in the forecast period. Major food manufacturers are focusing on using cost-effective acid-modified potato starch which is a hydrolyzed starch and acts as an alternative gelling agent to replace materials such as gelatin and regular starch.End use segment is divided into segments such as food industry, paper industry, textile industry, pharmaceutical, personal care and others. The textile industry segment dominated the market with the highest share of 29.40% in 2017. Starch is mainly used for textile sizing, especially for cotton yarns. It is preferred for the sizing of coarse and medium-count yarns. Starch forms the adhesive component during the size mix process, due to various factors such as starch properties can be tuned as per requirement.
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Increase in purchasing power of consumers in several developing countries and expansion in the consumption of potato starch are a major factor driving the market. Also, rising consumption of convenience food across the globe isalso fuelling the growth of market.Instability of prices in agricultural products owing to unpredictable climate and less rainfall also affect cultivation resulting in variation in input and output prices and may hamper the growth of market. However, supportive government legislation with rising pharmaceutical companies and growing health concerns should drive the industry growth in coming years.
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