The global potato starch market reached a volume of 3.90 Million Tons in 2020. Potato starch is a fine powder extracted from the root tubers of the potato plant which contain minimal fat or protein. It is characterized by a neutral taste and has high-binding strength and minimal foaming. It gives a light, fluffy texture to baked goods such as quick bread and muffins. Its consumption also assists in regulating blood sugar level and absorbing magnesium and calcium. Due to its diverse properties, it has gained popularity as a raw material in the food, paper, textile and pharmaceutical industries.
Potato starch is extensively utilized in the food industry as a binder, additive, thickener and stabilizer in the preparation of potato chips, noodles, wine gums, cocktail nuts, hot dog sausages, bakery cream, instant soups and sauces. The growing consumption of convenience food across the globe is one of the major factors that is contributing to the growth of the market. Moreover, it is utilized as an excipient in the production of pharmaceuticals, and to finish and stiffen various types of fabrics in the textile industry. Besides this, it is also employed in the paper and chemical industries for its solubility and adhesive properties. Further, manufacturers have started employing specialty enzymes, chemicals and organic solvents while processing to improve the product quality. They have also shifted towards better separating devices like hydrocyclone that provides three-phase centrifugal separation to yield defined starch granules. Looking forward, IMARC Group expects the global potato starch market to continuously grow during the forecast period (2021-2026).
Breakup by Category:
Native starch represents the most popular category and accounts for the majority of the total market share as it is easily available at affordable prices.
Breakup by Application:
Currently, potato starch is mostly employed in food applications on account of its neutral taste and high binding strength.
At present, Europe enjoys the leading position in the global market due to high consumption of convenience food across the region.
Key Questions Answered in This Report:
The global potato starch market reached a volume of 3.90 Million Tons in 2020.
According to the estimates by IMARC Group, the global potato starch market is expected to witness a CAGR of 2.20% from 2021 to 2026.
Potato starch is extensively utilized in the food industry as a binder, additive, thickener, and stabilizer in the preparation of potato chips, noodles, wine gums, cocktail nuts, hot dog sausages, bakery cream, instant soups and sauces, etc., which represents one of the key drivers for the global potato starch market.
The expanding application of potato starch as an excipient in the production of pharmaceuticals, and to finish and stiffen various types of fabrics in the textile industry, represents one of the key trends in the global potato starch market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the supply chain disruptions of raw materials and temporary shutdown of numerous manufacturing units of potato starch.
On the basis of the category, the market has been bifurcated into native starch and modified starch. Currently, native starch accounts for the majority of the market share.
On the basis of the application, the market has been divided into food applications, industrial applications, and others. Among these, food applications represent the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global potato starch market are Avebe, Emsland Group, KMC, Roquette, and Ingredion Incorporated
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