Starch is extracted from surplus potato, cull potatoes, as well as waste from potato processing. In recent years, the trend of organic product, ready to eat food and rising consumption of convenience food across the globe one of the most important factors propelling the growth in potato starch market. The rising global disposable per capita income and increasing middle-class populations are an impetus to grow this market. China, India, Russia, the United States and Europe were the significant potatoes growers in 2019. As per Renub Research, Global Potato Starch Market is expected to exceed US$ 9.6 Billion by 2026.
The rapid increase in population, changing lifestyle, including income are key factors contributing to the growth of the textile industry. Starch is primarily utilized in textile sizing for cotton yarns, which are preferred for sizing medium and coarse threads, thereby stimulating potato starch market demand. Increase in purchasing power of consumers in several developing countries and expansion within the consumption of potato starch also are fuelling the market growth.
Increasing demand for various food products counting able to mix and prepared to eat products, like a baked good, curry and dessert mixes may drive industry growth. Moreover, it's utilized in the textile industry to stiffen fabrics, in pharmaceuticals to supply antibiotics and in the paper industry for its adhesive properties, thus stimulating product demand.
Potato may be a feedstock that's used for the assembly of starch, potato starch could be a rich source of carbohydrates and is extensively used as a thickening agent within the food industry. It's an odourless, tasteless and soft power, extracted from the cells of the potato plant containing starch grains.
Sweetener (Starch Sugars) dominates the global Potato starch market share, accounting for more than one third and rest are captured by modified starch and native starch in the year 2019. Globally by Industry type, Confectionery & Drinks clearly dominated in the potato starch market worldwide, followed by Processed Food, Corrugating & Paper Making, Feed, Pharmaceuticals & Chemicals, and Non-food.
The Asian market is expected to hold significant market share in the forecast period due to the popularity of ready to cook products and the rising interest in trying western cuisines. Europe drives the global Potato starch market. Europe is followed by Asia-Pacific, Americas and Rest of the world in the global Potato starch market share for the same year.
Jan 2018, Cargill and AKV Langholt AmbA together invested more than US$ 22.5 Million in newly potato starch production unit in Denmark. In 2019, Global giant Ingredion acquired Western Polymer.
Renub Research report titled “Potato Starch Market, Volume & Global Forecast, by Products (Modified Starch, Native Starch, Sweeteners), Region (Europe, Americas, Asia Pacific, ROW) Applications (Processed Food, Confectionery & Drinks, Feed, Corrugating & Paper Making, Pharmaceuticals & Chemicals, Non-food) Companies (Cargill, Ingredion, Archer Daniels Midland Company & Tate & Lyle)” studies the global Potato Starch Market and Volume.
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The reports have been analyzed from 2 segments, and it is further studied by 2 sub-segments
Potato Starch Market & Volume
• Products
• Regions
Products - The report Potato Starch Market & Volume has been segmented as
• Native Starch
• Modified Starch
• Sweeteners
Application – The report has been studied on 6 applications Market & Volume
1. Confectionery and Drinks
2. Processed Food
3. Corrugating and Paper Making
4. Feed
5. Pharmaceuticals and Chemicals
6. Other non-food
Region – The report has also been segmented on the a4 regional bases
1. Americas
2. Europe
3. Asia Pacific
4. Rest of the World
All the 5 Companies have been studied from Three Points
• Overview
• Recent Developments & Strategy
• Sales Analysis
Companies Analysis
• Cargill
• Ingredion
• Archer Daniels Midland Company
• Tate & Lyle
Industry Related Opportunity:
Native Starch Market: https://www.renub.com/global-native-starch-market-production-industry-share-p.php
Fish Oil Market: https://www.renub.com/fish-oil-market-p.php
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