Potato Starch Market Detailed Analysis & Global Forecast to 2027
The Potato Starch Market is estimated to be valued at USD 4.3 billion in 2022. It is projected to reach USD 5.2 billion by 2027, recording a CAGR of 3.7%. The global potato starch market has been influenced by several macroeconomic and microeconomic factors, which have driven the market significantly in terms of value sales during the forecast period. In this article, we will discuss the impact of these factors on the potato starch market, with a focus on key countries. We will also highlight the trend of clean-label and plant-based products, which has significantly boosted the utilization of potato derivatives in the food industry.
The food industry has witnessed a significant trend towards natural food ingredients, with consumers showing a preference for clean-label and plant-based products. As a result, potato derivatives, including potato starch, have become increasingly popular as a binder in food products. Potato starch has properties such as smoothness, hardness, gloss, and whiteness, which enhance its utility as a binder.
The organic industry is growing rapidly, with more than 82% of US households buying organic products, and more than 75% of all categories on supermarket shelves offering organic options. The rising popularity of organic products due to their perceived health benefits is fueling the growth of organic potato starch. Organic foods are perceived to be safer and healthier as they are free from any chemicals and pesticides. The growing popularity of clean-label food & beverages is expected to increase the demand for organic starch across the food processing industry.
Agrana, one of the leading companies in the potato starch market, offers a wide range of organic potato starch in the food and luxury food sectors. The company's commitment to sustainability and organic production has enabled it to cater to the growing demand for organic potato starch.
Potato starch is used in feed as a milk replacer and as a source of energy, to improve digestibility and help increase the weight of livestock. Although the feed market is relatively small in comparison to other non-food applications and the rapidly growing food & beverage market, companies are focusing on the development of extraction and processing of potato starch to discover new feed applications.
Starch is the primary source of carbohydrates in swine feed. Modified potato starch, when fed as a substitute for corn to weaning pigs, can improve their growth performance. Modified starch in ruminant feed acts as a milk replacer for newborn calves. It is a source of carbohydrates, which helps in improving digestibility in ruminants and helps them gain weight. However, an excess of it could induce acidosis in cattle, which could be harmful.
Potato starch contributes to the paper industry in many ways as it provides several functional properties to the paper and works as a process aid as well. The papermaking industry uses a large number of potato starches, both as a wet-end additive and as a modifier in surface sizing and coating colors. They impart the body to the paper by holding the pulp together. Potato starches are used as glue and adhesives for paper edges. They provide internal strength and enhance the surface of the paper. They also improve printability and writing properties. The growing use of recycled paper has led to the increasing use of starch derivatives to avoid the deterioration of the quality of fibers during recycling.
The potato starch market is highly competitive, with several key players dominating the market. Some of the key players in this market include Tate & Lyle (UK), Emsland (Germany), Ingredion Incorporated (US), and Avebe (Netherlands). These companies have been focusing on new product launches, partnerships, agreements, collaborations, and expansions to increase their market share and strengthen their position in the market.
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