Global Potato Starch Market Report and Forecast 2023-2028

Global Potato Starch Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global potato starch market reached a volume of 3.67 million tons in 2022. Aided by the increasing demand for gluten-free solutions in food products and the versatile nature of potato starch in various industrial applications, the market is projected to further grow at a CAGR of 4.5% between 2023 and 2028 to reach a volume of 4.75 million tons by 2028.

Potato starch, extracted from the cells of the root tuber of the potato plant, has garnered significant attention as an essential ingredient in the food and beverage industry due to its exceptional texturing properties. Recognised for its high viscosity, strong gelling power, and its ability to form a transparent gel, potato starch acts as an impeccable thickener, binder, and stabiliser in a plethora of dishes ranging from soups to desserts.

A dominant driver behind the thriving global potato starch market growth is the escalating demand for gluten-free products. With a growing segment of the global population diagnosed with celiac disease and gluten sensitivity, there has been a paradigm shift towards gluten-free diets. This has fuelled the quest for suitable gluten-free alternatives, with potato starch emerging as a frontrunner due to its neutral taste, smooth texture, and excellent water-binding capacity.

Further amplifying the popularity of potato starch is its adoption across diverse industries. In the realm of textiles, it’s utilised as a warp sizing agent. In the paper industry, it serves to enhance the paper’s strength, and in the pharmaceutical sector, it’s an admired binder for tablets.

Moreover, the trend of clean labelling in food products further accentuates the potato starch market demand. As consumers worldwide become more health-conscious and discerning about ingredient lists, the demand for natural and unadulterated ingredients has skyrocketed. Potato starch, being a natural and unmodified starch, aligns perfectly with this growing consumer preference, lending credibility and trustworthiness to the products it graces.

Additionally, the unique properties of potato starch, such as its superior thickening capability and unmatched gelling strength, give it a competitive edge, ensuring its persistent relevance in the market.

Geographically, Europe accounts for a significant portion of the potato starch market share, driven by its rich potato cultivation history and its vast array of traditional dishes that employ potato starch. The Asia-Pacific, with its burgeoning food processing industry and escalating population, also promises to be a lucrative market for potato starch in the foreseeable future.

Market Segmentation

The market can be divided based on product category, application, and region.

Market Breakup by Product Category

• Native Starch
• Modified Starch
• Sweeteners

Market Breakup by Application

• Food
• Industrial
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global potato starch market. Some of the major players explored in the report by Expert Market Research are as follows:

• Cargill, Incorporated
• Tereos
• Roquette Frères
• Avebe
• AGRANA Beteiligungs-AG
• Emsland Group
• Novidon
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.