Global Potato Starch Market By Type (Native Starch, Modified Starch, and Sweeteners Grade), By Nature, By End User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview:

In 2022, the global potato starch market was valued at USD 4.7 billion, and is expected to reach USD 7.5 Billion in 2032 Between 2023 and 2032, this market is estimated to register a CAGR of 4.9%.

The clean-label movement has gained popularity in recent years due to the rising desire for safer, healthier, and more natural products. Because they are clean-label, potato starches are becoming more and more popular. The industry is expanding due to the strong demand for inexpensive additives like potato starch.

In addition, potato starch is gaining popularity as a cheap, environmentally friendly alternative to food processors. It is anticipated that as vegetarian meat replacements become more popular, demand for potato starch as a cheap meat substitute will increase.

The potato plant’s root tubers, which have no fat or protein, make potato starch a fine powder. Its special qualities include a neutral flavor, excellent binding power, and little foaming. It provides baked items like muffins and quick bread with a light, fluffy texture.

Consuming it also aids in calcium and magnesium absorption and blood sugar regulation. It has become a popular raw material in the food, paper, textile, and pharmaceutical industries due to its varied qualities.

By Type Analysis

Modified Potato Starch Segment Dominate the Market With its Increasing Operation in Various Industries

Based on type, the potato starch market is segmented into modified, native, and sweetener grades. A significant portion of the potato starch market’s profit will be generated by the modified potato starch segment in 2022. The increasing use of modified potatoes in food & beverages, the paper industry, and pharmaceuticals are the crucial factors contributing to the dominant position of this segment.

In food products, native potato starch is utilized for numerous practical purposes. Meat and bakery products, noodles, soups, sauces, snacks & confections, dry mixes, and a variety of extruded food products benefit from its high water-binding capacity. Due to its low protein and fat/lipid content, it gives food a high viscosity and enhances its flavor, aroma, and color. It has good organoleptic properties and can be used as an ingredient in a variety of foods.

By Nature Analysis

Growing Interest in Sustainable And Natural Food is Driving Organic Starch Market

Based on nature potato starch market is segmented into organic and conventional products. During the forecast period from 2023 to 2032, the organic market is anticipated to experience the highest CAGR. The awareness of clean-label products and the growing interest in sustainable & natural food are major factors for this market’s rapid expansion. Organic foods are also seen as safer and healthier because they don’t contain any chemicals or pesticides, which helps this market grow even more.

By End-User Analysis

The need for Potato Starch in a Wide Variety of Food Industry Made the Food Segment Dominant

The food industry sector is expected to exhibit the highest growth rate in the forecast period. As a result of the growing consumer preference for clean-label products and healthy foods, as well as the growing demand for ready-to-eat and ready-to-cook foods, potato starch is used in a wide variety of food industries.

The potato starch market consists of the sales of gravies and soups, sauces, pie fillings, casseroles, and stews. The “factory gate” value in this market refers to the price of items sold by the producers or inventors, whether to other organizations (including wholesalers, downstream manufacturers, retailers, and distributors ) or directly to end users. The value of associated services offered by the producers of the commodities is included in the price of the goods in this market.

Key Market Segments

Based on Type

• Native Starch
• Modified Starch
• Sweetener Grade

Based on Distribution Channel

• Organic
• Conventional

Based on End-User

• Food Industry
• Chemical industry
• Textile Industry
• Paper Industry
• Other Industry

Growth Opportunity

Rising Consumer Demand for Ready-to-eat Food Products Expanding Market

The expanding market for potato starch will be fueled by rising consumer demand for ready-to-eat food products. Ready-to-eat foods are shelf-stable and do not require refrigeration to remain bacteria-free, making them simple to store and use.

Increased consumer willingness to spend money on ready-to-eat food and a lack of time to prepare meals at home as a result of rapid urbanization are the primary factors driving demand for ready-to-eat meals. Most of the time, potato starch is used to thicken canned soups and blends, especially to increase the viscosity of the filling.

Latest Trends

Innovative Products are Gaining Popularity in the Potato Starch Market

In the potato starch market, new innovative products are gaining popularity. In order to provide enhanced solutions for their customers with better qualities, potato starch companies are rapidly investing in new products. In 2021, Ingredion Inc., a supplier of ingredients based in the United States, introduced modified potato starch for use in everyday desserts. Modified potato starch ULTRA-TEX 1311 demonstrates the ingredient’s dedication to enhancing potato capabilities and shortening cooking and processing times, thereby assisting manufacturers in reducing energy consumption.

Regional Analysis

North America is Dominating the Potato Starch Market With Increasing Demand in the Food and Libation Sector

Adding demand from the food and libation sector, North America is dominating the potato starch market. The region’s request is substantially driven by the expanding fashionability of clean-marker and factory-grounded products and because consumers are searching for indulgent yet healthy particulars.

The alternate-largest request share for potato starch is held by the European Union, which is due to the region’s growing interest in organic and factory-grounded food particulars. This incontinently stimulates the indigenous organic starch market’s expansion. A sizable CAGR is prognosticated for the Asia Pacific member as well. The booming food sector in developing nations like China and India is the primary motorist of the region’s need for potato starch.

The region’s food processing assiduity is decreasing in demand for this product due to the rising fashionability of ready-to-eat and ready-to-cook foods. The increased demand for gravies, dressings, bakery goods, and convenience refections is likely to fuel request expansion in the area due to the expanding interest in trying western cookeries.

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

The market has a structure that is somewhat consolidated. Due to their large customer base, strong brand loyalty, and distribution network, a few major players dominate the industry.

Major key players in the potato starch market are Pepees Group, Cargill Corporation, Emsland Group, AGRANA Beteiligungs-AG, Novidon, Sudstarke GmbH, Ingredion, AKV Langholt, Avebe, Tereos, Finnamyl Ltd., Roquette, Manitoba Starch, Aloja Starkelsen SIA, and Tate & Lyle.

Market Key Players

• Pepees Group
• Cargill Corporation
• Emsland Group
• AKV Langholt
• Tate & Lyle
• Agarna Beteiligungs-AG
• Finnamyl Ltd
• Manitoba Starch
• Aloja Starkelsen SIA.
• Other Key Players

Recent Development

• In March 2021, Ingredion Incorporated introduced the new ULTRA-TEX 1311 potato starch line for the US and Canadian markets. It uses the unique properties of waxy potato starch for texturing and thickening in a variety of applications.
• The joint venture Cargill-AKV I/S was acquired by AKV Langholt in October 2022. Cargill’s 50% interest in the mutual joint venture Cargill-AKV I/S has been acquired by AKV Langholt AmbA.

Report Scope