USD 3.99 million
Potato Starch Market Size, Share, Growth Analysis, By Nature(Organic, Conventional), By End User(Textile & Paper, Food & Beverages, Pharmaceuticals, Cosmetics), By Type(Native, Modified), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30B2025 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|Tables:
90
|Figures:
78
Potato Starch Market Insights
Global Potato Starch Market size was valued at USD 3.33 billion in 2022 and is poised to grow from USD 3.49 billion in 2023 to USD 5.04 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
Bioplastics which are derived from potato starch are biodegradable polymers. These are increasingly favored in packaging, food service, consumer electronics, agriculture/horticulture, consumer goods, automotive, and domestic applications since they are made from renewable resources. According to our findings, packaging accounted for 47% of the bioplastics' applications, when the world's bioplastic production totaled 2.11 million tonnes. Between 2021 and 2026, the global bioplastics market is anticipated to increase by 36%, propelled by investments from nations like China, the US, and Europe.
Because of the COVID-19 epidemic, there has been a rapid decline in potato starch output and sales. The epidemic forced many nations into a state of emergency, which had a significant impact on the production of this drug. The availability of the raw materials needed to produce this starch was also impacted by the supply chain interruption. However, the need for naturally-derived ingredients has been reestablished throughout the food processing industry due to rising interest in ready-to-cook items and ingredients needed for home cooking. The pandemic's rising concerns about food safety are anticipated to increase demand for starch as a clean-label ingredient.
US Potato Starch Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Organic
Fastest Growth
Organic
Growth Rate
2.66% CAGR
Global Potato Starch Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Potato Starch Market Segmental Analysis
The global potato starch Market is segmented based on nature, end-user, type and regions. Based on nature analysis the market is further sub segmented into organic and conventional segments. Based on end-user, the market is segregated into textile & paper, food & beverages, pharmaceuticals, cosmetics and Other segments. Based on the basis of type, the market is segmented into native and modified segments. The regional insights of the Potato Starch Market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Potato Starch Market Analysis by Nature
The organic potato starch market is dominating as a result of the growing consumer preference for organic products and their alleged health benefits. Due to the lack of chemicals and pesticides, organic foods are thought to be safer and healthier. In the industrialized markets of North America and Europe, organically processed foods are becoming more widely available in retail stores. The demand for organic starch in the food processing sector is anticipated to rise in response to the growing popularity of clean-label foods and beverages. The traditional category is anticipated to develop as a result of the flourizing textile and paper industry.
Potato Starch Market Analysis by End User
In 2021, the Food & Beverages segment dominated the Potato Starch Market. This market's expansion is expected to be aided by the increasing use of starch in the food and beverage sector. This type of starch is increasingly used as a main ingredient in a variety of processed meals. It is used as a thickening, binding, and stabilizing ingredient, and demand is constantly rising as clean-label and plant-based goods gain favor. The need for starch is also being driven by the rising demand for items that are ready to eat and ready to cook. Additionally, it is anticipated that the market would rise in the coming years due to its rising demand and usage in sweeteners.
Global Potato Starch Market By Nature, 2021 (%)
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Potato Starch Market Regional Insights
Increasing demand from the food and beverage sector has given North America a commanding market dominance in potato starch. The region's market is mostly driven by the expanding popularity of clean-label and plant-based products. Consumers today are searching for indulgent yet healthy items. The second-largest market share for potato starch is held by the European Union, which is due to the region's growing interest in organic and plant-based food items. This immediately stimulates the regional organic starch market's expansion.
A sizable CAGR is predicted for the Asia Pacific segment as well. The booming food sector in developing nations like China and India is the primary driver of the region's need for starch. The region's food processing industry is increasingly in demand for this starch due to the rising popularity of ready-to-eat and ready-to-cook foods. The increased demand for sauces, dressings, bakery goods, and convenience meals is likely to fuel market expansion in the area due to the expanding interest in trying western cuisines.
Global Potato Starch Market By Geography, 2022-2028
- Largest
- Fastest
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Potato Starch Market Dynamics
Potato Starch Market Driver
Rising clean label adoption will drive up demand for starches in the food industry
- Due to the rising desire for safer, healthier, and natural products over the last few years, the movement of clean-label products has been more popular. Starches are growing in popularity because they adhere to the clean-label standard. In order to boost the thickness and durability of a variety of foods and beverages, starch is used as a natural ingredient. It has been demonstrated that research and innovation in potato starch perform effectively in applications including sauces, soups, and gluten-free goods. Additionally, a variety of food products use potato derivatives as plant-based binding agents to enhance sensory appeal. In the upcoming years, the market for organic starch made from potatoes is anticipated to increase due to the rising demand for organic and clean-label products.
Economic feasibility of the product will drive the growth of the market.
- Leading manufacturers are developing novel ideas and new products as a result of the booming global food business. Nowadays, consumers seek nourishing goods that also offer enjoyment. In food products including bakery, soups, sauces, confectionery and the meat sector, starch is primarily utilized as a binder, thickener, and texturizer. It is gaining popularity as a clean and affordable alternative to food processors. The demand for this starch as a cheap meat substitute is anticipated to increase in response to the rising popularity of vegetarian meat substitutes.
Potato Starch Market Restraint
- The rising consumer knowledge of the health concerns associated with excessive carbohydrate consumption is a significant barrier to the market's expansion. Low-carb diets are becoming more popular as people try to lower their risk of developing lifestyle-related illnesses like diabetes, obesity, and cardiovascular disease. The Global Diabetes Community in the UK estimates that 415 million people worldwide have diabetes in 2018, and that figure is anticipated to increase to 642 million by the year 2040. In the upcoming years, it's anticipated that rising low-carb food and beverage consumption to maintain general health may impede potato starch market expansion.
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Potato Starch Market Competitive Landscape
Due to the substantial customer bases, high levels of brand loyalty, and extensive distribution networks, a select few significant businesses dominate the market. To further solidify their market positions, major players including Emsland Group, Ingredion, Inc. and Roquette are concentrating on strategic mergers, acquisitions, and alliances. For instance, To improve its position in the market, Cargill, Inc. is concentrating on making investments in the creation of novel products. One new line of label-friendly potato starches for meat substitutes was introduced by the company.
Potato Starch Market Top Players Company Profiles
- KMC a.m.b.a.
- Avebe U.A.
- Emsland Group
- Cargill, Inc.
- Roquette Frères
- Südstärke GmbH
- Vimalakirti Tirtha Co., Ltd.
- Universal Starch Chem Allied Ltd.
- AGRANA Beteiligungs AG
- National Starch Food Innovation
- Henan Yuxin Bio-Tech Co., Ltd.
- Novidon BV
- Lyckeby Starch AB
- Tereos Syral S.A.S.
- SÜDZUCKER AG
- Gansu Token International Co., Ltd.
- AKV Langholt AMBA
- Finnamyl Oy
- SMS Corporation Co., Ltd.
- Beidahuang Potato Group Co., Ltd.
Potato Starch Market Recent Developments
- In March 2021, for the US and Canadian markets, Ingredion Incorporated introduced the new ULTRA-TEX 1311 potato starch line. Utilizing waxy potato starch's special properties for thickening and texturizing across a range of uses is beneficial.
- In March 2021, The longest-running campaign for processing potato starch by AGRANA Beteiligungs-AG was over. The company processed about 322,000 MT of potato starch during this campaign, which lasted 189 days.
Potato Starch Key Market Trends
- Plant-based products are becoming more and more popular among customers as public awareness of issues relating to both environmental sustainability and animal welfare increases. Products made from plants are becoming more and more popular in the food industry. The growing potato starch market is being driven by customers' changing perceptions that items made from plants are safer and healthier than those made from animals. Leading manufacturers have been forced to innovate and create food products with a starch basis due to the increasing number of people who follow vegan and vegetarian diets. Nowadays, potatoes are widely used to create plant-based meat substitutes, supporting the expansion of the potato starch market.
Potato Starch Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by nature the organic potato starch market is dominating as a result of the growing consumer preference for organic products and their alleged health benefits. This potato starch market's expansion is expected to be aided by the increasing use of starch in the food and beverage sector. Increasing demand from the food and beverage sector has given North America a commanding market dominance in potato starch. A sizable CAGR within the forecast period is predicted for the Asia Pacific segment as well.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.33 billion |
| Market size value in 2031 | USD 5.04 billion |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Potato Starch Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Potato Starch Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Potato Starch Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Potato Starch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Potato Starch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Potato Starch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Potato Starch Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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