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Potato Starch Market: Thriving on a $6.6 Billion Valuation to Reach $7.01 Billion by 2025 with Healthy 5.6% CAGR
Potato Starch Market
What Is The Projected Market Size Of The Global Potato Starch Market And Its Growth Rate?
The global potato starch market has experienced healthy growth in recent years. Some key statistics include:
• 2024 Market Size: $6.64 billion
• 2025 Projected Market Size: $7.01 billion (5.6% CAGR)
• Expected growth to $8.72 billion by 2029 (5.6% CAGR)
This growth is fueled by a rise in demand for processed food items, growing demand for gluten-free food products, increased production and export prospects, as well as diversification of potato starch utility across various industries.
What Is Driving The Growth In The Potato Starch Market?
The potato starch market is witnessing a surge due to the rising demand for ready-to-eat food products. These types of foods are shelf-stable and do not require refrigeration, making them an easy choice for consumers. The increasing consumer willingness to spend on ready-to-eat food, along with the growing urbanization, is the primary factor boosting the demand for such foods. For instance, the fast-food sector in Japan is anticipated to maintain its growth momentum, with projected sales rising from approximately $26.6 billion in 2022 to around $28.1 billion in 2023, representing a growth rate of approximately 5.6%.
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Who Are the Key Players Driving Potato Starch Market Growth?
• 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
What Are The Key Trends In The Potato Starch Market?
• Innovative non-food applications
• Biodegradable packaging
• Modified starch varieties
• Clean label and natural ingredients
• Clean label formulations
What Are The Segments Of The Global Potato Starch Market?
• By Type: Native Starch, Modified Starch, Sweeteners
• By Nature: Organic, Conventional
• By Distribution Channel: Indirect, Direct, Other Distribution Channels
• By Application: Food Industry, Paper Industry, Chemical Industry, Textile Industry, Other Industries
Which Region Leads The Potato Starch Market?
Western Europe was the largest region in the potato starch market in 2024. Other regions covered in this report include Asia-Pacific, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Potato Starch Market Global Market Report?
- Market Size Analysis: Analyze the Potato Starch Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various sub-segments within the Potato Starch Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Potato Starch Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Potato Starch Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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