What is Global Potato Starch Market?
The Global Potato Starch Market is a vast and dynamic sector that revolves around the production, distribution, and consumption of potato starch, a product derived from potatoes. This starch is a white powder that is neutral in taste and is used in various industries due to its binding, thickening, and gluing properties. The market's global reach is extensive, with its presence felt in every corner of the world, from the Americas to Asia, Europe, and Africa. The market's value was estimated at US$ 1895.8 million in 2022, and it is projected to reach US$ 2346.8 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.1% from 2023 to 2029.
Industrial Grade, Food Grade, Other Grade in the Global Potato Starch Market:
The Global Potato Starch Market is segmented into three grades: Industrial Grade, Food Grade, and Other Grade. The Industrial Grade potato starch is primarily used in industries such as paper, textiles, and chemicals for its adhesive properties. The Food Grade potato starch is used in the food industry as a thickening agent, binder, and as an ingredient in gluten-free products. The Other Grade potato starch finds its application in various other industries that are not covered under the first two grades. Each grade has its unique properties and uses, making them indispensable in their respective sectors. China contributes about 10% to the global market.
Food Industry, Paper Industry, Chemical Industry, Texitile Industry, Others in the Global Potato Starch Market:
The Global Potato Starch Market finds its application in various industries such as the Food Industry, Paper Industry, Chemical Industry, Textile Industry, and others. In the Food Industry, which accounts for about 56% of the total consumption, potato starch is used as a thickening agent, binder, and as an ingredient in gluten-free products. In the Paper Industry, which accounts for about 20% of the total consumption, potato starch is used for its adhesive properties. In the Chemical Industry, potato starch is used in the production of bioplastics, adhesives, and other chemical products. In the Textile Industry, potato starch is used in the sizing of yarns and fabrics. The Other industries include pharmaceuticals, cosmetics, and more.
Global Potato Starch Market Outlook:
The Global Potato Starch Market outlook highlights the market's growth and potential. The market, valued at US$ 1895.8 million in 2022, is expected to grow at a CAGR of 3.1% and reach US$ 2346.8 million by 2029. This growth is driven by the increasing demand for potato starch in various industries, especially the Food and Paper Industries, which account for about 56% and 20% of the total consumption, respectively. China, contributing about 10% to the global market, also plays a significant role in the market's growth. The market's potential is vast, and with the increasing demand for potato starch, the market is expected to continue its upward trajectory in the coming years.
| Report Metric | Details |
| Report Name | Potato Starch Market |
| Accounted market size in 2022 | US$ 1895.8 in million |
| Forecasted market size in 2029 | US$ 2346.8 million |
| CAGR | 3.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | Avebe (NL), Emsland Group (DE), Roquette (FR), KMC (DK), Südstärke (DE), Aloja Starkelsen (LV), Pepees (PL), Penford (Ingredion) (US), Vimal (UA), Novidon Starch (NL), Lyckeby (SE), PPZ Niechlow (PL), Western Polymer (US), Agrana (AT), AKV Langholt (DK), WPPZ (PL), Manitoba Starch Products (CA), Nailun Group (CN), Beidahuang Potato Group (CN), Weston (CN), Lantian Starch (CN), Guyuan Yaxue Starch (CN), Qilianxue Starch (CN), Yunnan Starch (CN), Huaou Starch (CN), Qingji Potato (CN) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
