Potato Starch Market Size, Forecast, Growth, Trends 2024-2033

The Business Research Company presents an extensive market research report on the Potato Starch Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The potato starch market size has grown strongly in recent years. It will grow from $6.29 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rise in demand for processed food items, growing demand for gluten-free food products, increased production and export prospects , diversification of potato starch utility across various industries, emergence of modified potato starch to enhance its quality for better performance in various industrial applications.

The potato starch market size is expected to see strong growth in the next few years. It will grow to $8.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing demand for completely plant-based food products, rising adoption of veganism globally, increasing awareness about the health benefits of plant-based products, growing industrial applications, rising in gluten-free and allergen-free diets, increasing global food trade and globalization. Major trends in the forecast period include innovative non-food applications, biodegradable packaging, modified starch varieties, clean label and natural ingredients, clean label formulations.

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Key Market Players:

Cargill Incorporated, Pepees SA, Emsland Group, Sudstarke GmbH, Novidon Ltd., Ingredion Inc., AGRANA Beteiligungs-AG, Cooperative AVEBE UA, AKV Langholt AmbA, Tereos Starch & Sweeteners SAS, Roquette Freres SA, Finnamyl Ltd., Manitoba Starch Inc., Tate & Lyle plc, Aloja Starkelsen SIA, KMC Ingredients, Lyckeby Starch AB, Vimal Group, Universal Starch Chem Allied Ltd., Qingdao CBH Co. Ltd., Gujarat Ambuja Exports Ltd., ShreeGluco Biotech Private Ltd., Shubham Starch Chem Pvt. Ltd., Matsutani Chemical Industry Co. Ltd., Sanstar Bio-Polymers Ltd., Jay Sardar Starch & Gum Consultant, Tirupati Starch & Chemicals Ltd., Ambuja Exports Ltd., Daymer Ingredients Limited, The Wah Starch Public Company Limited are prominent players in the industry.

Market Drivers:

Rising demand for ready-to-eat food products is expected to propel the growth of the potato starch market. Ready-to-eat foods are shelf-stable and don't need to be refrigerated to stay bacteria-free which makes them easy to store and use whenever needed. The increased consumer willingness to spend on ready-to-eat food, along with a lack of time to prepare at home as a result of rapid urbanization, is the primary factor boosting demand for ready-to-eat meals. Potato starch is generally employed in canned soups and blends where its thickening power, particularly for fill viscosity, is utilized. It is also used as a foundation for gelling agents in confections, thickeners in items such as pastry and pie fillings, and instant puddings. For instance, according to Bizom, a retail intelligence platform, in 2021, ready-to-eat goods sales increased 9.1% in August over July which counts sales in 7.5 million retail outlets across the country. Ready-to-cook sales increased by 6.7 % in 2021. Therefore, growing consumption of ready-to-eat food is likely to drive the growth of the potato starch market during the forecast period.

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Market Segments Include:
1) By Type: Native Starch, Modified Starch, Sweeteners
2) By Nature: Organic, Conventional
3) By Distribution Channel: Indirect, Direct, Other Distribution Channels
4) By Application: F??d ?ndu?tr?, ????r ?ndu?tr?, ?h?m???l ?ndu?tr?, ???t?l? ?ndu?tr?, Other ?ndu?tries

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

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