Global Potato Starch Market Overview:
According to SPER Market Research, the global potato starch market estimated to reach USD 5.9 Bn by 2030 with a CAGR of 6.2%. The dependence on convenience foods is rising with changing lifestyle. Many working people do not have time to prepare food owing to daily life constraints such as childcare, travelling or work. Convenience food comes in varieties and can be prepared with little or no preparation.
Impact of COVID-19 on the Potato Starch Market
COVID-19 have a positive impact on the growth of this market. Due to lockdowns, people were forced to cook food at home and more preference was given to ready to eat foods. Stocking of long-lasting processed food was also observed which escalated the demand for packaged and processed food and thus potato starch consumption also increased.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Type, By Nature, By End User
|
| Geographies covered | North America, Europe, APAC, Latin America, and the Middle East & Africa |
| Companies Covered | Agrana Beteiligungs-AS, AKV Langholt, Avebe, Emsland, Ingredion Incorporated, KMC, Lyckeby, Pepees S.A., Rädchen USA, Roquette Frères, Royal Ingredients Group, Südstärke GmbH, Tate & Lyle, Tereos, VIMAL PPCE |
Driver: Increasing demand for convenience food
With changing lifestyle, consumers are adopting convenience and processed food to minimize cooking at home. In developing countries, consumers have high income so they can easily afford processed food as a regular part of their diet. With globalization, the trends of changing food habits reach all parts of the world. In Asian countries as well, increase in demand for potato starch is observed owing to adoption of western trends of consumption of processed food.
Challenge: Competitive market place
With rise in demand for potato starch coupled with high quality requirement pose significant challenge to the growth of this market owing to tedious production processes. Additionally, many alternative sources of starch can be extracted and utilized for same applications. This creates competitive environment for potato starch to sustain its growth.
Opportunity: Application as bioplastics
Potato starch can be used as a bioplastic for variety of applications in food service, agriculture, packaging, electronics or household. The bioplastic market is expected to grow in the forecast period. Application of potato starch as a bioplastic can create growth opportunities to potato starch market.
Potato Starch Market Segmentation:
By Type: Based on Type, market has been segmented into Native and Modified
By Nature: Based on nature, the market is segmented into Conventional and Organic
By End User: Based on End User, the market is segmented into Food & beverages, Bakery & confectionary, Other food & beverages applications, Feed, Industrial, Paper industry, Pharma, Cosmetics, Biodegradable plastics, Other industry applications
Potato starch is becoming an important ingredient for processed food. Food & beverages include potato starch in the ingredient as thickeners, stabilizing agent, binder as per the requirement of the product.
By Region: North America owns the largest share of this market due to rising preference for convenience food, hectic lifestyle, rising trend for healthy snacks, high income and presence of variety of processed food items in the groceries.
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. COVID-19 Impact of the Potato Starch Market
4.4. Market Trends
5. Global Potato Starch Market, By Type, 2019-2030 (USD Million)
5.1. Native
5.2. Modified
6. Global Potato Starch Market, By Nature, 2019-2030 (USD Million)
6.1. Conventional
6.2. Organic
7. Global Potato Starch Market, By End User, 2019-2030 (USD Million)
7.1. Food & Beverages
7.2. Bakery & Confectionery
7.3. Other Food & Beverages Applications
7.4. Feed
7.5. Industrial
7.6. Paper Industry
7.7. Pharma
7.8. Cosmetics
7.9. Biodegradable Plastics
7.10. Other Industry Applications
8. Global Potato Starch Market, By Geography, 2019-2030 (USD Million)
8.1. North America
8.1.1. US
8.1.2. Canada
8.2. Europe
8.2.1. Germany
8.2.2. UK
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Rest of Asia-Pacific
8.4. Rest of the World
8.4.1. Latin America
8.4.2. Middle East & Africa
9. Competitive Landscape
9.1. Introduction
9.2. Market Share Analysis, By Key Players
9.3. Competitive Scenario
9.3.1. Product Launches
9.3.2. Partnerships, Collaborations and Agreements
9.3.3. Acquisitions
9.3.4. Expansions
9.3.5. Other Developments
10. Company Profiles
10.1. Agrana Beteiligungs-AS
10.2. AKV Langholt
10.3. Avebe
10.4. Emsland
10.5. Ingredion Incorporated
10.6. KMC
10.7. Lyckeby
10.8. Pepees S.A.
10.9. Rädchen USA
10.10. Roquette Frères
10.11. Royal Ingredients Group
10.12. Südstärke GmbH
10.13. Tate & Lyle
10.14. Tereos
10.15. VIMAL PPCE
11. Appendix
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
