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The global potato starch market size is projected to reach USD 672.68 million by 2027 on account of growing popularity of natural sweeteners worldwide, states Fortune Business Insights™ in its report, titled “Potato Starch Market Size, Share & COVID-19 Impact Analysis, By Nature (Organic & Conventional) End-use (Textile & Paper, Food & Beverages, and Pharmaceuticals), Type (Native and Modified), and Regional Forecast, 2020-2027”. According to the report, the market value stood at USD 500.07 million in 2019 and is expected to exhibit a CAGR of 3.9% from 2020 to 2027.
The COVID-19 pandemic is foreseen to have mixed impact on the potato starch market growth. On one hand, supply chain disruptions and economic downturn have led to slump in demand for non-essential food products, while on the other hand escalating demand for convenience foods amid the pandemic is creating new opportunities in the market.
Emsland Group Partners with JUST to Produce Sustainable Proteins
In June 2020, Germany’s largest producer of potato starch, Emsland Group, announced that the company will be collaborating with the American food manufacturer, Eat JUST, Inc. The partnership will be dedicated toward processing protein found in the mung bean, which is the main ingredient used by JUST in its flagship JUST Egg product. For JUST, this alliance will be crucial as the reliable manufacturing infrastructure of Emsland will allow JUST to efficiently produce its famed plant-based offerings. For Emsland, the collaboration will enable it to not only diversify its portfolio, but also broaden its sales horizons in North America.
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Increasing Prevalence of Diabetes May Boost Demand for Complex Carbohydrates
The International Diabetes Federation (IDF) estimates that by 2045 the number of diabetics worldwide is likely to rise to 700 million, with the incidence of type 2 diabetes growing in many parts of the world. Type 2 diabetes develops when the pancreas are unable to produce sufficient insulin to process the sugar released by the carbohydrates. The main culprit here is the simple carbohydrates that get quickly absorbed by the body for energy. These enter the bloodstream directly and spike sugar levels. Excessive intake of substances having high simple carbs content significantly elevates the risk of diabetes and other chronic diseases. Rising awareness about the major health risks of simple carbs is shifting consumer preference toward complex carbohydrates, such as those found in potato starch, which aid metabolism by releasing energy slowly. As metabolism strengthens, the body’s capacity to process sugar also increases, thereby lowering the risk of diabetes and other metabolic disorders.
New Product Launches by Key Players to Animate the Market
The market for potato starch is set to experience a period of dynamic growth as key market players launch new and innovative products for consumers. With climbing consumer demand for natural, non-GMO foods and drinks, companies are actively engaging in developing healthier food options using organically produced ingredients. To achieve this, most competitors are doubling down their investments in R&D activities to create novel offerings. Besides this, companies are collaborating with each other to enhance their production capabilities and deepen their footprint in the market.
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List of Key Companies Covered in the Market:
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Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
Unit | Value (USD Million) |
Segmentation | By Nature
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By End-use
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By Type
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By Geography
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