The Potato Starch Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Potato Starch Market:
https://www.thebusinessresearchcompany.com/report/potato-starch-global-market-report
According to The Business Research Company’s Potato Starch Global Market Report 2024, The potato starch market size has grown strongly in recent years. It will grow from $6.29 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rise in demand for processed food items, growing demand for gluten-free food products, increased production and export prospects , diversification of potato starch utility across various industries, emergence of modified potato starch to enhance its quality for better performance in various industrial applications.
The potato starch market size is expected to see strong growth in the next few years. It will grow to $8.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing demand for completely plant-based food products, rising adoption of veganism globally, increasing awareness about the health benefits of plant-based products, growing industrial applications, rising in gluten-free and allergen-free diets, increasing global food trade and globalization. Major trends in the forecast period include innovative non-food applications, biodegradable packaging, modified starch varieties, clean label and natural ingredients, clean label formulations.
Rising demand for ready-to-eat food products is expected to propel the growth of the potato starch market. Ready-to-eat foods are shelf-stable and don’t need to be refrigerated to stay bacteria-free which makes them easy to store and use whenever needed. The increased consumer willingness to spend on ready-to-eat food, along with a lack of time to prepare at home as a result of rapid urbanization, is the primary factor boosting demand for ready-to-eat meals. Potato starch is generally employed in canned soups and blends where its thickening power, particularly for fill viscosity, is utilized. It is also used as a foundation for gelling agents in confections, thickeners in items such as pastry and pie fillings, and instant puddings. For instance, according to Bizom, a retail intelligence platform, in 2021, ready-to-eat goods sales increased 9.1% in August over July which counts sales in 7.5 million retail outlets across the country. Ready-to-cook sales increased by 6.7 % in 2021. Therefore, growing consumption of ready-to-eat food is likely to drive the growth of the potato starch market during the forecast period.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=6412&type=smp
The potato starch market covered in this report is segmented –
1) By Type: Native Starch, Modified Starch, Sweeteners
2) By Nature: Organic, Conventional
3) By Distribution Channel: Indirect, Direct, Other Distribution Channels
4) By Application: Fооd Іnduѕtrу, Рареr Іnduѕtrу, Сhеmісаl Іnduѕtrу, Техtіlе Іnduѕtrу, Other Іnduѕtries
The introduction of innovative products is a key trend gaining popularity in the potato starch market. Companies in the potato starch market are rapidly investing in developing new products to provide enhanced solutions to their consumers with better qualities. For instance, in 2021, Ingredion Inc., a US-based ingredient provider, introduced a new product ULTRA-TEX 1311 modified potato starch for daily desserts. The launch of ULTRA-TEX 1311 modified potato starch exemplifies the ingredient’s commitment to expand potato capabilities and help to eliminate cooking and shorten processing times, providing food manufacturers to save energy.
The potato starch market report table of contents includes:
1. Executive Summary
2. Potato Starch Market Characteristics
3. Potato Starch Market Trends And Strategies
4. Potato Starch Market – Macro Economic Scenario
5. Global Potato Starch Market Size and Growth
.
.
.
26. South America Potato Starch Market
27. Brazil Potato Starch Market
28. Middle East Potato Starch Market
29. Africa Potato Starch Market
30. Potato Starch Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Incorporated
- Pepees SA
- Emsland Group
- Sudstarke GmbH
- Novidon Ltd
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
