Potato Starch Market Forecasted for Strong Growth, Projected to Reach $8.26 Billion by 2033 at a CAGR of 5.6%

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.

Market Overview -
Potato starch refer to a natural starch obtained by crushing potatoes, which releases free starch in the form of a milky liquid. Starch grains are found in the cells of the potato plant's root tubers. The potatoes are crushed to extract the starch, and the starch grains are liberated from the destroyed cells. The starch then is washed and dried to powder. Potato starch has huge oval spherical granules that range in size from 5 to 100 µm. Potato starch is a highly refined starch with little protein or fat. This gives the powder a clear white color, and the cooked starch has the normal properties of a neutral flavor, good clarity, high binding strength, lengthy texture, and a low tendency to foam or yellow the solution. These common features are used in a variety of food and technical applications such as in the paper and chemical industry.

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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

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.

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Key Segments -

The potato starch market covered in this report is segmented -

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: Fооd Іnduѕtrу, Рареr Іnduѕtrу, Сhеmісаl Іnduѕtrу, Техtіlе Іnduѕtrу, Other Іnduѕtries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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