Press Release

Global Potato Starch Market Achieve a CAGR of 3.1% During the Forecast Period, 2024-30

The Global Potato Starch Market size was valued at USD 3.49 billion in 2023 and is estimated to grow at a CAGR of around 3.1% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The market growth is attributed to rising demand for plant-based food products as well as increased applications of potato starch in industries such as textiles and paper. Potato starch is in high demand across the food & beverage sector due to its stabilizing, texturizing, and thickening properties, which are required to prepare a variety of food products. It is used in a diversity of cuisines, including sauces, soups, pastries, confectionary, processed foods, ready-to-eat meals, and more. Furthermore, with the growing demand for processed, gluten-free, and processed food items, the use of potato starch is expected to increase, driving market expansion.

As people throughout the world become more health-conscious, the demand for wholesome, plant-based organic food free of artificial preservatives is constantly increasing. Besides, the growing vegan population worldwide has increased the need for plant-based food products. As a result, many food & beverage businesses are incorporating potato starch into their products to provide consumers with totally plant-based and healthful options. Moreover, the growing popularity of plant-based and clean-label products is driving the increased demand for potato starch. Potato starch is preferred over other starches like corn, wheat, and rice because of its excellent binding properties, high viscosity, versatility in formulations, and low gelatinization temperature. These factors are driving its adoption by manufacturers and fueling market expansion, further states the research report, “Global Potato Starch Market Analysis, 2024.”

Global Potato Starch Market Segmentation Analysis

Organic Segment is Expected to Hold Major Market Share

Based on its nature, the market is segmented into Organic and Conventional. Out of them both, the Organic segment is poised for a substantial share in the market driven by rising consumer preferences for organic and sustainably sourced ingredients. As customers prioritize health and environmental conscience in their purchase decisions, the demand for products created with organic components has risen dramatically. Consumers, particularly in food and cosmetics, are increasingly seeking healthy, natural, and organic components to improve their health and skin. Furthermore, strict regulations limiting chemical inputs and processing processes in consumer product manufacturing contribute to the surged adoption of organic potato starch as a cleaner and more natural alternative, resulting in its increased use in consumer goods. Thus, rising consumer demand for organic products, combined with manufacturers' preference for organic potato starch products due to stringent government regulations on organic consumer products, is expected to drive the growth of the organic segment in the Global Potato Starch Market during 2024-2030.

Europe is Anticipated to Account for a Prominent Market Share

The Europe region is expected to hold a considerable share due to the presence of various industrial infrastructures and manufacturing capabilities for potato starch across the region. The Netherlands, Germany, and France are leading producers and exporters of potato starch in Europe. The region benefits from advanced infrastructure and state-of-the-art starch extraction methods, which boost potato starch production. Also, the demand for potato starch is driven by a flourishing industry and a rising preference for naturally sourced food products, particularly in countries like Denmark and Germany.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Emsland-Stärke GmbH, Vimal PPCE, Tereos  International SA, Cargill Incorporated, Pepees S.A., KMC (Kartoffelmelcentralen), Tate & Lyle  Netherlands B.V., Coöperatie Koninklijke Avebe U.A., Roquette  Freres, Radchen USA Inc, Royal Ingredients Group, Susdtarke GmbH, Lyckeby  Amylex, Inc, Agrana Beteiligungs, AKV Langholt AMBA and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Potato Starch Market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?