Potato starch refers to a fine powder obtained from the root tubers of the potato plant. Since it is tasteless, potato starch is generally used as a base material in food products without affecting their taste. It is also used as a gluing agent, additive, thickener and stabilizer in various food products. Additionally, potato starch offers certain health benefits such as increasing the absorption of minerals like calcium and magnesium; lowering overall blood glucose levels; and reducing the absorption of toxic and carcinogenic compounds. According to the latest report by IMARC Group, titled “Potato Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global potato starch market reached a volume of 3.7 Million Tons in 2018.
Potato starch finds applications in the food sector in the preparation of soups, bakery products, meat products, jellies, puddings and pasta. Flourishing food industry is propelling the growth of the potato starch market. Further, rising purchasing power of the consumers in several developing countries and a subsequent growth in the consumption of potato starch are driving the market growth. Moreover, it is used in the textile industry to finish and stiffen fabrics; in the pharmaceutical industry to produce anti-biotics; and in the paper and chemical industries for its adhesive properties. Growth in these industries is increasing the demand for potato starch. Further, the market is anticipated to reach a volume of 4.4 Million Tons by 2024, growing at a CAGR of 2.8% during 2019-2024.
The report has segmented the global potato starch market on the basis of key applications. Its major applications are found in the food, industrial sectors and others, wherein the food sector is the largest application area, accounting for the majority of the total global market. The market is also segmented on a regional basis, covering Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Amongst these, Europe represents the largest market, holding the largest share.
This report provides a deep insight into the global potato starch industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a potato starch manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the potato starch industry in any manner.
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