Global Potato Starch Market Analysis
The Potato Starch Market reached a value of US$ 4.52 billion in 2023 and is expected to exceed US$ 6.70 billion by 2032. Renub Research projects a CAGR of 4.47% from 2024 to 2032.
Potato starch is a finely powdered, white substance that is derived from potatoes. It is composed primarily of two carbohydrates, amylose and amylopectin. This versatile starch is commonly used as a thickening agent in various culinary applications. Additionally, due to its adhesive properties, absorbency, and ability to biodegrade, potato starch is widely employed in industries such as papermaking, textiles, adhesives, and pharmaceuticals.
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Global Potato Starch Growth Trends:
The increasing popularity of clean-label and gluten-free products: The increasing demand for products that are more secure, natural, and healthier has led to a significant rise in the clean label product movement in recent years. Starches have gained popularity as they align well with the clean-label concept. In the food and beverage industry, starch is widely used as a natural additive to impart thickness and stability to products. Ongoing research and advancements in potato starch have revealed its potential for use in sauces, soups, and gluten-free items. Additionally, derivatives of potato are being leveraged as plant-based binding agents to enhance the sensory appeal of various food products. The future is expected to bring a surge in the demand for organic potato-based starch, driven by consumers’ increasing preference for natural and clean-label products. This growing demand is further fueled by individuals with celiac disease, gluten-sensitive individuals, and those adopting gluten-free diets as they believe it will have positive effects on their health.
Expansion of the Food Processing Sector: Global food producers are constantly developing new ideas to meet consumer demand for processed foods, snacks, and convenience foods. Potato starch is widely used in this industry due to its many functional uses. It is used in food processing to give various products the right texture and mouthfeel by acting as a thickening agent, texturizer, and stabilizer. The increase in the popularity of processed foods, snacks, and ready-to-consume meals has made potato starch an essential ingredient. Furthermore, as more people look for convenient food options, urbanization, and the growing global population also contribute to this growth.
The number of people following vegan and vegetarian diets is increasing: Consumer demand for plant-based products has grown due to increased awareness of environmental sustainability and animal welfare issues. Plant-based products are becoming more popular in many sectors of the food industry. The starch market is expanding because consumers believe that plant-based products are healthier and safer than those derived from animals. The increasing number of people adopting vegetarian and vegan diets has compelled major producers to innovate and develop starch-based food products. The growing potato starch market is supported by the wider use of potatoes in the production of plant-based meat substitutes.
North America Potato Starch Market
Globally, North America has a significant presence in the potato starch market, demonstrating its substantial demand for potato starch and its wide utilization across various industries. The United States and Canada provide a steady and abundant supply of raw materials for the production of potato starch, contributing to the well-established potato industry in the region.
The USDA estimates that the combined potato production of the U.S. and Canada in 2023 was 570 million hundredweight (cwt). Furthermore, the increasing consumer recognition and preference for clean label and natural ingredients has encouraged product adoption among food and beverage producers who are looking to meet these evolving preferences.
Global Potato Starch Company Analysis
Some major companies are present in the global potato starch industry. These are Cargill Inc., Ingredion Inc., Tate and Lyle Plc., Tereos Group, Sudzucker AG, Pepees SA, Royal Avebe U.A. and Agrana Beteiligungs-AG.
Global Potato Starch Company News:
June 2023: Brenntag Specialties and Royal Avebe, established a strategic alliance that represents a significant advancement in supply partnerships in the nutrition industry. The partnership combined Brenntag Specialties’ distribution expertise with Royal Avebe’s high potato starch production to leverage each company’s advantages.
Oct 2022: Cargill’s 50% stake in Cargill-AKV I/S, their joint venture, was acquired by AKV Langholt AmbA.
May 2021: The Emsland Group has contracted GEA to build and expand its potato protein production line at the Wietzendorf facility in Germany. The business and GEA previously collaborated on developing the company’s protein line at the German Kyritz facility in 2018.
April 2021: German privately held company KaTech was acquired by Ingredion. This acquisition would strengthen the ingredient portfolio by adding its Food Systems platform, which offers a wide range of cutting-edge solutions to support the functionality and technical support of ingredients and the product formulation needs of food and beverage manufacturers.
March 2021: ULTRA-TEX® 1311 modified potato starch is a new addition to Ingredion Incorporated’s comprehensive line of potato-based solutions for the U.S. and Canada.
Type – Market breakup in 2 viewpoints:
1. Modified
2. Native
Nature – Market breakup in 2 viewpoints:
1. Conventional
2. Organic
End User – Market breakup in 4 viewpoints:
1. Food & Beverage
2. Paper
3. Pharmaceutical & Chemical
4. Others
Country – Market breakup of 25 Countries:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the key players have been covered from 4 Viewpoints:
• Business Overview
• Product Portfolio
• Recent Development
• Revenue Analysis
Key Players Analysis:
1. Cargill Inc.
2. Ingredion Inc.
3. Tate and Lyle Plc.
4. Tereos Group
5. Sudzucker AG
6. Pepees SA
7. Royal Avebe U.A.
8. Agrana Beteiligungs-AG
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