Global Potato Starch Market to Reach 4.7 Million Tons by 2027, Bolstered by Significant Growth in F&B Industry

November 14, 2022

According to the latest report by IMARC Group, titled “Potato Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global potato starch market reached 3.9 Million Tons in 2021. Potato starch is a finely textured, powder-like substance extracted from the root tubers of the potato plant that contains minimal fat or protein. Its manufacturing process includes various steps, such as cleaning, pulverization, separation, sedimentation, powdering, and drying. Potato starch is widely used in cooking, baking goods, drugs, paper manufacturing, cosmetics, personal care products, and textiles. It offers neutral flavor, high binding power, excellent film-forming capabilities, low gelatinization temperature, better swelling, and high consistency in pasting and viscosity reduction. As a result, potato starch finds extensive applications across the food and beverage (F&B), pharmaceutical, chemical, paper manufacturing, and textile industries.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Potato Starch Market Trends:

The thriving food and beverage (F&B) industry across the globe is creating a positive outlook for the market. Potato starch is widely used as a thickening, gelling, and texturizing agent in soups, gravies, pie fillings, sauces, stews, and casseroles and as coatings to improve the crispness of baked and fried food. In addition, rising demand for convenience food products is facilitating product adoption for manufacturing ready-to-eat (RTE) pies, meals, and snacks. Furthermore, the widespread product utilization in the pharmaceutical industry as an excipient, diluent, disintegrant, glidant, and a binder in swallowable tablets, hard capsules, blends, granules, and pellets is providing an impetus to the market growth. Apart from this, increasing consumer awareness regarding various product health benefits, such as aided weight loss, regulated blood sugar levels, enhanced digestive health, and improved insulin sensitivity, is positively influencing the market growth. Additionally, the introduction of clustered regularly interspaced short palindromic repeats (CRISPR) technology to modify the ratio of starch molecules in potatoes for applications in the production of food additives, alcoholic beverages, adhesives, and bioplastics is facilitating the market growth. Other factors, including integration of automation technology in production processes, increasing product utilization in gluten-free meals as an alternative to flour, and widespread product adoption in the paper manufacturing and textile industry, are anticipated to drive the market growth. On account of the aforementioned factors, the market volume is expected to reach 4.7 Million tons by 2027, exhibiting a CAGR of 2.84% during 2022-2027.

Market Summary:

  • On the basis of the category, the market has been divided into native starch, modified starch, and sweeteners. At present, native starch dominates the market in this segment.
  • Based on the application, the market has been bifurcated into food and industrial applications. Among these, food application account for the majority of the total market share.
  • On a regional basis, the market is led by Europe, followed by Asia Pacific, North America, Latin America, and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Avebe, Emsland Group, KMC, Roquette, and Ingredion Incorporated.
     

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Global Potato Starch Market to Reach 4.7 Million Tons by 2027, Bolstered by Significant Growth in F&B Industry
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