Potato Starch Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Potato Starch Market is Segmented By Nature (Conventional, Organic), By Type (Modified Starch, Native Starch, Sweeteners), By End-User (Food & Beverages, Textile & Paper, Pharmaceuticals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Potato Starch Market Overview

The Global Potato Starch Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Potato starch is a versatile ingredient used in food and industrial applications for its thickening, binding, and texturizing properties. The market is driven by the growing demand for convenience food products, the increasing use of potato starch in the textile and paper industries, and the rising popularity of gluten-free and clean-label products. In Europe, the Global Potato Starch Market is witnessing significant growth. Key players in the market include Avebe U.A., Emsland Group, Roquette Frères, and other prominent players operating in the market.

Potato starch is a white powdery fine substance obtained from potatoes. It is a common ingredient that is utilized in different recipes. Like any other starch, potato starch is mainly utilized to texturize, thicken, gel, and enhance the crispiness of baked food. Potato starch is also utilized in confections, fillings, clear soup, and many other food products. It has many several properties including fewer gelatinization temperatures, elevated water-binding capacity,  and a tendency to produce relatively highly viscous, clear substances are one of important aspects of utilizing in food manufacturing.

Potato Starch Market Scope

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Potato Starch Market Dynamics

The increasing demand for ready-to-eat food including dessert mixes, baked products, and other products, and growing demand from the textile industry for potato starch for textile sizing, are some of the major factors fueling the growth of the potato starch market in the forecast period. Potato starch is used in the textile industry for textile sizing, such as cotton yarn sizing. It is used for the sizing of coarse and medium-count yarn. However, the volatile price of raw materials is expected to hamper market growth. Besides this, the diversity in the utilization of potato starch in several applications as well as the end-user industry is estimated to create new opportunities for the global potato starch market. 

COVID-19 Impact on Potato Starch Market Growth

The market witnessed a negative impact 

These major potato-producing countries have been widely affected by the spread of COVID-19, and have announced lockdowns to counter the pandemic. As a result, the production of potatoes has been widely affected due to lockdowns and a lack of manpower. Leading producing countries of potato starch are facing agricultural challenges due to the COVID-19 outbreak. Governments are taking appropriate measures to control and maintain the optimum output from agricultural farmlands. Manufacturers of potato starch are facing a shortage of raw materials, owing to reduced production of potatoes as well as the disrupted supply. Besides, production by manufacturers of food & beverages, chemicals, paper, and pharmaceuticals has reduced. As many countries have imposed lockdowns, various industries have had to shut down their production facilities for a certain period. These industries are key consumers of potato starch, and thus, the demand for potato starch has reduced considerably. Manufacturers of potato starch are facing challenges, right from procurement of raw material, processing of ingredients due to shortage of labor, transport issues, and distribution of the final product. 

Potato Starch Market Segmentation Analysis

By nature, the organic segment accounted for the largest market share in 2020 owing to the recent trend of having organic food across the globe and propelling demand for organic ingredients and organic food in their products. Food safety and healthy food is the first preference for many buyers due to the demand is rising for non-GMO ingredient and products globally. Customers mostly prefer and give more value to fresh and natural food. They are looking for natural and chemical-free ingredients and products. This is providing a great opportunity for the producer of potato starch to introduce innovative products. The textile and paper industry is expected to exhibit the fastest growth rate for the global potato starch market as potato starch is very suitable and useful for cotton yarn sizing, textile sizing, and medium-count yarn. Potato starch content allows it to be used in the paper manufacturing process, right from the wet end to the size press. A maximum of 8% of starch is present in a single sheet of copy paper. For coating formulations, potato starch is used as a binder, and this enhances its properties, such as smoothness, hardness, gloss, and whiteness. It is primarily used in the paper industry to reduce the total cost of production.

Potato Starch Market Geographical Share

By geography, Asia Pacific accounted for the largest share in 2020 and is anticipated to be the dominating regional market within the projected year due to increasing penetration in the paper, bakery, textile, and pharmaceutical industries. Starches are progressively utilized in the pharmaceutical sector for tablets, capsule diluents, glidants, binders, capsule disintegrants, and excipients. Various Asian pharmaceutical enterprises are also utilizing the ingredient in the solid dosage formulation as a binder. Growing application and utilization in drug formulations are expected to enlarge the demand for potato starch in the regional market. North America is estimated to hold the second-largest share global potato starch market in 2020 and is expected to grow at a high CAGR owing to the rising demand for potato starch from the textile and food industry in the region.

Potato Starch Market Companies and Competitive Landscape

The global potato starch market is highly competitive with the presence of many formulators. Some of the major players in the market include Agrana Beteiligungs-AG, Emsland Group, AKV Langholt, Ingredion, Aloja-Starkelsen, Manitoba Starch, Avebe, Lyckeby, Cargill, Inc., Finnamyl Ltd, among others. They have strengthened the market through their product offerings. Continuous innovation to introduce new products is the key competitive factor in the market. For instance, in June 2021, Agrana Beteiligungs-AG, the Austrian starch, fruit group, and sugar consolidated its existence in Asia by the acquisition of a fruit processing plant from Indian fruit processor Saikrupa Fruit Processing Pvt Ltd based approximately 50km from Pune, in the of Maharashtra.

Why Purchase the Report ?

• Understand the current market scenario and viability of global potato starch over the forecast period 

• Visualize the composition of the global potato starch market in terms of nature, type, and end-use to identify major players, growth potential, and market strategies

• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings about the market

What do we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

• Excel data sheet with valuable data points of the global potato starch market Regional and Country level segmentation

• Product mapping in Excel for the key products of all major market players

• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience

• Starch Manufacturers

• Pharmaceutical Companies

• Textile Companies

• Food Ingredient manufacturers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professional