Market Research Report
Potato Starch Global Market Report 2022
|Potato Starch Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Potato Starch Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global potato starch market.
This report focuses on potato starch market which is experiencing strong growth. The report gives a guide to the potato starch market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the potato starch? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Potato Starch market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider potato starch market, and compares it with other markets.
Markets Covered: 1) By Type: Native Starch; Modified Starch; Sweeteners
2) By Nature: Organic; Conventional
3) By Distribution Channel: Indirect; Direct; Other Distribution Channels
4) By Application: Food Industry; Paper Industry; Chemical Industry; Textile Industry; Other Industries
Companies Mentioned: Cargill Corporation; PEPEES Group; Emsland Group; SUDSTARKE GMBH; Novidon
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the potato starch market are: Cargill Corporation, Pepees Group, Emsland Group, Sudstarke GmbH, Novidon, Ingredion, AGRANA Beteiligungs-AG, Avebe, AKV Langholt, Tereos, Roquette, Finnamyl Ltd, Manitoba Starch, Tate & Lyle, and Aloja Starkelsen SIA.
The global potato starch market is expected to grow from $5.69 billion in 2021 to $5.94 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The potato starch market is expected to grow to $7.11 billion in 2026 at a CAGR of 4.6%.
The potato starch market consists of sales of the potato starch by entities (organizations, sole traders, and partnerships) that refer to a natural starch obtained by crushing potatoes, which releases free starch in the form of a milky liquid. Starch grains are found in the cells of the potato plant's root tubers. The potatoes are crushed to extract the starch, and the starch grains are liberated from the destroyed cells. The starch then is washed and dried to powder. Potato starch has huge oval spherical granules that range in size from 5 to 100 µm. Potato starch is a highly refined starch with little protein or fat. This gives the powder a clear white color, and the cooked starch has the normal properties of a neutral flavor, good clarity, high binding strength, lengthy texture, and a low tendency to foam or yellow the solution. These common features are used in a variety of food and technical applications such as in the paper and chemical industry.
The main types of potato starch are native starch, modified starch, and sweeteners. Native starches are plant-based substances derived from a variety of agricultural basic materials. Native starch is a white to off-white powder with a mild odor and flavor. It has a 4kcal/g energy value (similar to all other carbohydrates). Potato starch is organic and conventional and is distributed over various channels such as indirect, direct, and other distribution channels. It can be used across various industries such as food industry, paper industry, chemical industry, textile industry.
Western Europe was the largest region in the potato starch market in 2021. The regions covered in the potato starch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The potato starch market research report is one of a series of new reports from The Business Research Company that provides potato starch market statistics, including potato starch industry global market size, regional shares, competitors with a potato starch market share, detailed potato starch market segments, market trends and opportunities, and any further data you may need to thrive in the potato starch industry. This potato starch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Rising demand for ready-to-eat food products is expected to propel the growth of the potato starch market. Ready-to-eat foods are shelf-stable and don't need to be refrigerated to stay bacteria-free which makes them easy to store and use whenever needed. The increased consumer willingness to spend on ready-to-eat food, along with a lack of time to prepare at home as a result of rapid urbanization, is the primary factor boosting demand for ready-to-eat meals. Potato starch is generally employed in canned soups and blends where its thickening power, particularly for fill viscosity, is utilized. It is also used as a foundation for gelling agents in confections, thickeners in items such as pastry and pie fillings, and instant puddings. For instance, according to Bizom, a retail intelligence platform, in 2021, ready-to-eat goods sales increased 9.1% in August over July which counts sales in 7.5 million retail outlets across the country. Ready-to-cook sales increased by 6.7 % in 2021. Therefore, growing consumption of ready-to-eat food is likely to drive the growth of the potato starch market during the forecast period.
The introduction of innovative products is a key trend gaining popularity in the potato starch market. Companies in the potato starch market are rapidly investing in developing new products to provide enhanced solutions to their consumers with better qualities. For instance, in 2021, Ingredion Inc., a US-based ingredient provider, introduced a new product ULTRA-TEX 1311 modified potato starch for daily desserts. The launch of ULTRA-TEX 1311 modified potato starch exemplifies the ingredient's commitment to expand potato capabilities and help to eliminate cooking and shorten processing times, providing food manufacturers to save energy.
In March 2019, Ingredion Incorporated, a US-based provider of ingredient solutions to diversified industries acquired the operations of Western Polymer for an undisclosed amount. This acquisition expanded Ingredion's potato starch manufacturing capacity, processing capabilities, and higher-value specialty ingredient business and customer base. Western Polymer is a US-based company that produces and sells modified tapioca starch for industrial uses, as well as native and modified potato starches for food and industrial applications.
The countries covered in the potato starch market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.