USD XX billion
Report ID: SQSG30B2002 | Region: Global | Published Date: August, 2022 | Pages: 165
Global Potato Starch Market was valued at USD XX billion in 2021, and it is expected to attain a value of USD XX billion by 2028 with a CAGR of XX% over the prediction period (2022 – 2028).
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.
Global Market Size
USD XX billion
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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 market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
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.
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.
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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.
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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.
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.
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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.
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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.
|Market size value in 2021||USD XX billion|
|Market size value in 2028||USD XX billion|
|Forecast period||2022 – 2028|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Potato Starch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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