Potato Starch Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Cargill Incorporated, Pepees SA, Emsland Group, Sudstarke GmbH, Novidon Ltd., Ingredion Inc., AGRANA Beteiligungs-AG, Cooperative AVEBE UA, AKV Langholt A

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2645

The Business Research Company offers in-depth market insights through Potato Starch Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
The main types of potato starch are native starch, modified starch, and sweeteners. Native starches are plant-based substances derived from a variety of agricultural basic materials. Native starch is a white or off-white powder with a mild odor and flavor. It has a 4kcal/g energy value (similar to all other carbohydrates). Potato starch is organic and conventional and is distributed over various channels such as indirect, direct, and other distribution channels. It can be used across various industries such as food industry, paper industry, chemical industry, textile industry.

Major Driver - Increasing Demand For Ready-To-Eat Foods Fuels Growth In The Potato Starch Market
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.

Competitive Landscape:
Major companies operating in the potato starch market include 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

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Top Trend - Innovation Flourishes In The Potato Starch Market With Introduction Of Enhanced Products
The introduction of innovative products is a key trend gaining popularity in the potato starch market. Companies in the potato starch market are rapidly investing in developing new products to provide enhanced solutions to their consumers with better qualities. For instance, in 2021, Ingredion Inc., a US-based ingredient provider, introduced a new product ULTRA-TEX 1311 modified potato starch for daily desserts. The launch of ULTRA-TEX 1311 modified potato starch exemplifies the ingredient's commitment to expand potato capabilities and help to eliminate cooking and shorten processing times, providing food manufacturers to save energy.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Potato Starch Market Characteristics
3. Potato Starch Market Trends And Strategies
4. Potato Starch Market - Macro Economic Scenario
5. Potato Starch Market Size And Growth
…..
27. Potato Starch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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