Potato Starch Market

Potato Starch Market Size, Share, Growth (2024-2029)

potato Starch Market size is expected at USD 30.77 billion in 2024 and is anticipated to the extent of over USD 37.44 billion by 2029 with a CAGR of 4.0%.

Potato Starch Market Overview

The growing consumption of low-content foods and beverages is expected to carbohydrates to maintain general health will hamper the Potato Starch Market growth for coming years. In recent years, the trend for clean-label products has gained momentum due to the growing demand for healthier, safer, and more natural products. Starches are becoming more and more popular because they fit well with the proper label. Starch is used as a natural additive in various foods and beverages to increase its thickness and stability. Today, people are looking for nutritious products that bring pleasure. Starch is a carbohydrate that serves as an energy source for most plants. Some potato pulp and juices are left as by-products while extracting potato starch from potatoes. Due to its functional properties, potato starch is widely used in the food and beverage industries. Potato contains two types of starch namely, amylose and amylopectin. Amylopectin is the most commonly found and is a major component in food and industrial products.

Potato Starch Market Drivers and Restraints

Starch is mainly used as a binder, thickener, and texturizing agent in food products such as bakery, soups, sauces, confectionery, and the meat industry. It is becoming increasingly popular as a clean, inexpensive alternative for food processors. The growing popularity of vegetarian meat substitutes is expected to drive demand for this starch as a low-cost meat alternative. Growing consumer awareness of the health risks associated with excessive carbohydrate consumption is a major brake on the growth of this market. People are shifting their preferences toward low-carbohydrate diets to reduce the risk of lifestyle-related health problems, such as obesity, cardiovascular disease, and diabetes. According to the Global Diabetes Community, UK, an estimated 415 million people had diabetes in 2018 worldwide and that number is expected to reach 642 million by 2040. The growing consumption of low-content foods and beverages is expected to carbohydrates to maintain general health will hamper the Potato Starch Market growth for coming years.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Potato Strach Market Analysis By Type

The non-GMO segment is expected to grow at a high rate.

Global Potato Strach Market Analysis By Application

The food segment is further divided into dairy, confectionery, soups and sauces, bakery products, meat, and others. It is expected that the dairy, bakery and met segments are to perform well in the coming years. The industrial segment is further divided into paper, adhesive, textile and others.

Potato Starch Market Regional Analysis

Among all regions, North America has a dominant position in the potato starch market due to increasing demand from the food and beverage industry. The market in the region is mainly driven by the growing trend for private label and herbal products. Today, consumers are looking for healthy products that also bring pleasure. 

This directly drives the growth of the organic starch segment in the region. In addition, the upward trend in the consumption of natural foods in the region will also drive the growth of the market in the coming years. The textile industry and changing lifestyles are likely to increase the demand for regional products. The product is cheaper compared to other substitutes, which stimulates market demand.

The market in the Asia Pacific is expected to grow at a significant CAGR. The demand for starch in the region is mainly driven by the thriving food industry in developing markets such as India and China. The growing popularity of ready-to-eat and ready-to-cook products in the region is driving demand for this starch by the region's food processing industry. The growing interest in Western cuisines has increased demand for sauces, dressings, baked goods, and prepared meals, which is expected to drive market growth in the region.

South America and the Middle East and Africa regions are developing at a medium rate due to the pandemic situation. The worst affected countries like Brazil and South Africa have a great impact on non-essential food products. This has led to lower sales of potato starch. The region is expected to experience moderate growth during the forecast period due to the above factors. Turkey is considered a crucial market in the Middle East and Africa.

North American potato starch market has a dominant position in the global market due to increasing demand from the food and beverage industry. potato Starch market in the Asia Pacific is expected to grow at a significant CAGR. 

KEY PLAYERS IN THE GLOBAL POTATO STARCH MARKET

The global potato starch market is concentrated with well-established players. Key players in the market included Avebe, Agrana Staerke GmbH, AKV Langholt AmbA, Changhong Potato Starch Co., Ltd., Emsland Group, Finnamyl Oy, Manitoba Starch Products, Ingredion Incorporated, Cargill Incorporated

RECENT HAPPENINGS IN THE MARKET

1. The Campari Group will become the first Italian company to own a Champagne brand by announcing on Friday that it has started negotiations to acquire a majority stake in Champagne Lallier. Lallier was founded in 1906 in the village of Aÿ in Champagne, and currently has 15 hectares of vineyards in the region. The company sold 1 million bottles of champagne in 2019, including nearly 700,000 bottles of Lallier. The proposed transaction includes brands, associated inventory, real estate assets, including owned and operated vineyards, and production facilities.

2. Moët Hennessy, the world leader in luxury wines and spirits, is pleased to announce a partnership with Shawn JAY-Z Carter by acquiring a 50% stake in Armand de Brignac, a leader in prestigious champagne. The partnership reflects a shared vision between Moët Hennessy and Shawn JAY-Z Carter for the future of this iconic Maison.

3. Superior Plus Corp. is pleased to announce that it has entered into an asset agreement to acquire a propane retail company, operating under the trade name Champagne's Energy. Founded in 1981, Champagne is an established, independent propane retail distributor that delivers approximately 11 million gallons of propane and distillates annually to retail and commercial customers in Maine.

4. LVMH, owner of Dom Pérignon, will acquire half of Armand de Brignac, the Jay-Z champagne line known as Ace of Spades. When Jay-Z clicked on a video call last week with Philippe Schaus, CEO of LVMH's beverage business, Moët Hennessy Louis Vuitton, Zoom's background told the story. Jay-Z spoke from a partially covered patio at his Los Angeles home, wearing a casual sweater, complemented by the outdoor lounge and surrounding greenery. Mr. Schaus was in his office in Paris, dressed in a suit, adorned with shelves of elaborate bottles behind him.

DETAILED SEGMENTATION OF THE GLOBAL POTATO STARCH MARKET INCLUDED IN THIS REPORT

This research report global potato starch market has been segmented and sub-segmented based on type and application

By Type

• GMO
• non-GMO.

 By Application

• food
• industrial​​​​​​​​​​​​​​