PUBLISHER: Orion Market Research | PRODUCT CODE: 1215631
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215631
Title:Global Potato Starch Market Size, Share & Trends Analysis Report by Nature (conventional and Organic), by Product division ( Industrial grade and Food Grade) by Type (Native and Modified), and by End-User (Cosmetics, Food & Beverages, Feed, Industrial, Pharmaceuticals, Paper Industry, and Others) Forecast Period (2022-2028).
The global potato starch market is anticipated to grow at a substantial CAGR of 3.8% during the forecast period. One of the major factors that are fueling the market growth include the growing health awareness among consumers. Potato starch is beneficial for health such as its helps in improving digestive and colon health, for weight loss, and they have carbohydrates which are the main energy source for the body other than sugar and dietary fiber. Potato starch contains a type of starch called resistant starch which helps in improving insulin sensitivity and helps in reducing a person's risk of developing obesity, diabetes, and heart disease. Due to its benefits, the demand for potato starch is increasing at rapid rate among food industries and in pharmaceutical industry. However, consuming potato starch in high amounts is harmful to health and may cause digestive symptoms like bloating, gas, and diarrhea which will hamper the global potato starch market.
The global potato starch market is segmented on the basis of nature, product division, type, and end-user. On the basis of nature, the market is segmented into conventional and organic. On the basis of product division, the market is segmented into industrial grade and food grade. On the basis of type, the market is segmented into native and modified. By end-user, the market is segmented into the cosmetics industry, food & beverages, feed, industrial, pharmaceuticals, paper industry, and others.. Among these, textile & paper industry segment is projected to show lucrative growth in the market during the forecast period. The paper industry uses potato starch as a wet-end addition as well as a modifier in surface scaling and coating colors. They give the paper its body by binding the pulp together. For paper edges, potato starches are utilized as glue and adhesives. They give internal strength and improve the paper's surface.
Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. Europe is projected to hold a prominent share during the forecast period owing to the rising trend of consuming natural foods of increasing population in the region which result propels the global potato starch market. According to Starch Europe, EU starch production has increased from 8.7 million tones in 2004 to over 11 million tones in 2020. European Region primarily extracted from 25 million tones of EU-grown wheat, maize, and potatoes, but also barley, rice, and peas. The EU consumes 9,1 million tones of starch (excluding proteins and fibers totaling around 5 million tones), of which 54% in food, 2% in feed, and 44% in non-food applications, primarily paper making. Of the 9,1 million tones of starch and starch derivatives consumed in the EU, 31% are native starches, 18% are modified starches, and 51% are starch sweeteners. According to OEC, in 2020, the top exporters of Potato starch were Germany $215 Million.
The major companies serving the global potato starch market include KMC, PEPEES S.A, AGRANA Beteiligungs-AG, Cargill, Incorp., Emsland-Starke limited liability company, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2020, AGRANA acquired US-based organic distribution company Marroquin Organic International. By acquiring 100% shares, the company expanded its distribution activities in its starch segment.
Research Methodology
The market study of the global potato starch market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: