Potato Starch Market
Potato Starch Market Forecasts to 2028 – Global Analysis By Type (Sweeteners, Native, Modified), Nature (Conventional, Organic), Distribution Channel (Indirect, Direct) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $4.14 BN |
|
Projected Year Value (2028) |
US $6.10 BN |
|
CAGR (2021 - 2028) |
5.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Potato Starch Market is accounted for $4.14 billion in 2021 and is expected to reach $6.10 billion by 2028 growing at a CAGR of 5.7% during the forecast period. Potato starch is a soft, odorless, and tasteless powder which is extracted from the cells of root tubers of the potato plant containing starch grains. Potato starch is a source of carbohydrates and is often used as a thickening agent in the food industry.
Market Dynamics:
Driver:
Increasing demand for starch ingredients
Starches are used in numerous industrial applications and have gained popularity in industrial applications due to their ability to impart textural characteristics and aid in the formation of gels or films. These starches are required to be chemically or physically modified to improve their performance or provide functional properties in various industrial applications. Native starches are being increasingly modified to allow the alteration of physical and chemical properties, and are termed modified starches.
Restraint:
Availability of a range of alternatives
When it comes to substitutes and/or alternatives to potato starch, the market is flooded with many options, such as corn, wheat, rice, and arrowroot starch, among others. These starches have multiple similarities and differences based on their nutrient and chemical contents and can be substituted for potato starch depending on the requirements. These substitutes are gaining ground because they offer more health benefits over potato starch and are much more easily available.
Opportunity:
Rising demand for gluten-free alternatives
The food industry is evolving at an exceptional pace, which is a direct consequence of the ever-evolving consumer demand for label-friendly end products. The food industry, especially the bakery industry, is observing an increased demand for gluten-free edibles, as it is among the top utilizers of wheat flour, which is a direct and easily available source of gluten protein. Potato starch is an effective alternative to wheat flour, especially in bakery applications. It does not differ a lot from wheat flour in its physical appearance and chemical composition, and also does not contain even small amounts of gluten.
Threat:
Operational challenges associated production processes
With the development in technologies and production processes across the manufacturing sector, the production of potato starch is a highly competitive market. Along with highly technical production processes, the consumer demand for quality products has risen tremendously. The demand is also high in terms of volume for various food, feed, and industrial applications.
The native segment is expected to be the largest during the forecast period
The native segment is estimated to have a lucrative growth as these are used for a wide range of practical purposes in food products. It provides high viscosity and heightens the taste, odor, and color of the food in which it is used due to the low protein and fat/lipid content. It is a flexible ingredient in various foods, providing good organoleptic properties.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment is anticipated to witness the fastest CAGR growth during the forecast period as starch is the most vital ingredient in the papermaking and textile industry, and it is so important that starch consumption by weight in papermaking and conversion is ranked third after cellulose fiber and mineral pigmentation.
Region with highest share:
Europe is projected to hold the largest market share during the forecast period due to rapid urbanization, rising interest in organic and plant-based food products, changing consumer preferences, and the rising trend of consuming natural foods.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the flourishing food industry in developing markets such as India and China, rising interest in trying western cuisines, and the growing popularity of ready-to-eat and ready-to-cook products.
Key players in the market
Some of the key players profiled in the Potato Starch Market include VIMAL PPCE, Tereos, AKV Langholt, Südstärke GmbH, Royal Ingredients Group, Avebe, Rädchen, Pepees S.A., Lyckeby, KMC, Ingredion Incorporated, Emsland, Roquette Frères, Agrana Beteiligungs-AS and Tate & Lyle.
Key Developments:
In March 2021, Ingredion Incorporated launched a new addition to its extensive range of potato-based solutions for the U.S. and Canada, ULTRA-TEX® 1311 modified potato starch. ULTRA-TEX 1311 modified potato starch can be used in a wide variety of traditional and alternative formulations to create indulgent textures, improve stability vs. native potato starch, or replace oil without compromising sensory appeal.
In July 2020, Emsland partnered with Brenntag Food & Nutrition in Russia. The Emsland Group’s sales structure in Russia is being reorganized as a result of this strategic partnership. Brenntag will take over distribution of Emsland’s product portfolio for the food industry as well as technical specialities, which include native starches, modified starches, proteins, and fibers made from peas and potatoes.
Types Covered:
• Sweeteners
• Native
• Modified
Natures Covered:
• Conventional
• Organic
Distribution Channels Covered:
• Indirect
• Direct
End Users Covered:
• Industrial
• Feed/Animal Nutrition
• Food & Beverages
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Potato Starch Market, By Type
5.1 Introduction
5.2 Sweeteners
5.3 Native
5.4 Modified
6 Global Potato Starch Market, By Nature
6.1 Introduction
6.2 Conventional
6.3 Organic
7 Global Potato Starch Market, By Distribution Channel
7.1 Introduction
7.2 Indirect
7.2.1 Online Retail
7.2.2 Store Based Retailing
7.3 Direct
8 Global Potato Starch Market, By End User
8.1 Introduction
8.2 Industrial
8.2.1 Pharmaceuticals
8.2.2 Paper & Textile Industry
8.2.3 Cosmetics & Personal Care
8.2.4 Chemicals
8.2.5 Biodegradable Plastics
8.3 Feed/Animal Nutrition
8.4 Food & Beverages
8.4.1 Soups & Sauces
8.4.2 Meat & Seafood
8.4.3 Seasoning Blends
8.4.4 Processed Food
8.4.5 Pourable Dressings
8.4.6 Beverages
8.4.7 Infant Formulae
8.4.8 Fruit Fillings
8.4.9 Dairy Alternatives
8.4.10 Snacks & Savory
8.4.11 Bakery & Confectionery
8.4.12 Other Food & Beverages Applications
8.4.12.1 Ready to Eat (RTE) Snacks
8.4.12.2 Noodles
9 Global Potato Starch Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 VIMAL PPCE
11.2 Tereos
11.3 AKV Langholt
11.4 Südstärke GmbH
11.5 Royal Ingredients Group
11.6 Avebe
11.7 Rädchen
11.8 Pepees S.A.
11.9 Lyckeby
11.10 KMC
11.11 Ingredion Incorporated
11.12 Emsland
11.13 Roquette Frères
11.14 Agrana Beteiligungs-AS
11.15 Tate & Lyle
List of Tables
1 Global Potato Starch Market Outlook, By Region (2020-2028) ($MN)
2 Global Potato Starch Market Outlook, By Type (2020-2028) ($MN)
3 Global Potato Starch Market Outlook, By Sweeteners (2020-2028) ($MN)
4 Global Potato Starch Market Outlook, By Native (2020-2028) ($MN)
5 Global Potato Starch Market Outlook, By Modified (2020-2028) ($MN)
6 Global Potato Starch Market Outlook, By Nature (2020-2028) ($MN)
7 Global Potato Starch Market Outlook, By Conventional (2020-2028) ($MN)
8 Global Potato Starch Market Outlook, By Organic (2020-2028) ($MN)
9 Global Potato Starch Market Outlook, By Distribution Channel (2020-2028) ($MN)
10 Global Potato Starch Market Outlook, By Indirect (2020-2028) ($MN)
11 Global Potato Starch Market Outlook, By Online Retail (2020-2028) ($MN)
12 Global Potato Starch Market Outlook, By Store Based Retailing (2020-2028) ($MN)
13 Global Potato Starch Market Outlook, By Direct (2020-2028) ($MN)
14 Global Potato Starch Market Outlook, By End User (2020-2028) ($MN)
15 Global Potato Starch Market Outlook, By Industrial (2020-2028) ($MN)
16 Global Potato Starch Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
17 Global Potato Starch Market Outlook, By Paper & Textile Industry (2020-2028) ($MN)
18 Global Potato Starch Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
19 Global Potato Starch Market Outlook, By Chemicals (2020-2028) ($MN)
20 Global Potato Starch Market Outlook, By Biodegradable Plastics (2020-2028) ($MN)
21 Global Potato Starch Market Outlook, By Feed/Animal Nutrition (2020-2028) ($MN)
22 Global Potato Starch Market Outlook, By Food & Beverages (2020-2028) ($MN)
23 Global Potato Starch Market Outlook, By Soups & Sauces (2020-2028) ($MN)
24 Global Potato Starch Market Outlook, By Meat & Seafood (2020-2028) ($MN)
25 Global Potato Starch Market Outlook, By Seasoning Blends (2020-2028) ($MN)
26 Global Potato Starch Market Outlook, By Processed Food (2020-2028) ($MN)
27 Global Potato Starch Market Outlook, By Pourable Dressings (2020-2028) ($MN)
28 Global Potato Starch Market Outlook, By Beverages (2020-2028) ($MN)
29 Global Potato Starch Market Outlook, By Infant Formulae (2020-2028) ($MN)
30 Global Potato Starch Market Outlook, By Fruit Fillings (2020-2028) ($MN)
31 Global Potato Starch Market Outlook, By Dairy Alternatives (2020-2028) ($MN)
32 Global Potato Starch Market Outlook, By Snacks & Savory (2020-2028) ($MN)
33 Global Potato Starch Market Outlook, By Bakery & Confectionery (2020-2028) ($MN)
34 Global Potato Starch Market Outlook, By Other Food & Beverages Applications (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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