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Potato Starch Market to Hit $672.68 Million by 2027; Widening Utilization of Starches in Diverse Industrial Applications to Broaden Market Horizons

September 03, 2020 | Food & Beverages

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.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/potato-starch-market-101789


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.


Industry Development :



  • January 2020: Lodaat Pharma introduced the Potato-Daat ingredient, its new prebiotic resistant starch derived from potatoes. Designed to be formulated into bars, tablets, capsules, RTD foods, and powders, the ingredient will target the sports nutrition and weight management domains.


List of Key Companies Covered in the Market:



  • Lodaat Pharma – Illinois, U.S.

  • AGRANA Beteiligungs-AG – Vienna, Austria

  • KMC a.m.b.a. – Brande, Denmark

  • Roquette – Lestrem, France

  • Cargill, Inc. – Minnesota, U.S.

  • Tereos - Moussy le Vieux, France

  • Coöperatie Koninklijke Cosun U.A. – Dinteloord, Netherlands

  • Ingredion, Inc. – Illinois, U.S.

  • PEPEES Group – Lomza, Poland

  • Emsland Group – Lowe Saxony, Germany


Further Report Findings:



  • The organic segment is expected to dominate the market share in the upcoming years owing to escalating demand for naturally processed foods and beverages worldwide. The segment’s overall share in 2019 was 60.05%, while in Asia Pacific it was 34.06%.

  • Europe is poised to lead the potato starch market share during the forecast period on account of strong presence of top food & beverage companies in the region.

  • The market size in North America stood at USD 178.75 million in 2019 and the region is expected to display promising growth in the coming years.


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



  • Organic

  • Conventional



By End-use



  • Textile & Paper

  • Food & Beverages

  • Pharmaceuticals



By Type



  • Native

  • Modified



By Geography



  • North America (the U.S., Canada, and Mexico)

  • Europe (the U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, ASEAN Nations, and Rest of Asia- Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • The Middle East & Africa (South Africa, UAE, and Rest of the Middle East & Africa)


Potato Starch Market
  • PDF
  • 2019
  • 2016-2018
  • 160

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