Potato Starch Market Projected to Reach $5.6 Billion by 2029

Meticulous Research®, a prominent global market research firm, has published a report titled ‘Potato Starch Market by Nature (Conventional, Organic), Type (Modified, Native), Function (Thickener, Binder, Stabilizer, Disintegrant), Application (Food [Bakery, Dairy], Beverages, Paper Industry, Animal Feed, Pharmaceutical) – Global Forecasts to 2029’.

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According to this latest publication, the potato starch market is projected to reach $5.6 billion by 2029, growing at a CAGR of 3.9% from 2022 to 2029. In terms of volume, the market is expected to reach 5,128.5 thousand tons by 2029, at a CAGR of 3.6% during the same period. This growth is primarily driven by the increasing demand for processed and convenience foods, the rising need for potato starch in the paper industry, the growing incidence of celiac disease and other food allergies, and the demand for functional food products. However, competition from alternative starches may hinder market growth to some extent.

Market Segmentation:

The potato starch market is segmented by:

• Nature: Conventional and organic. The organic segment is expected to grow the fastest due to the rising trend towards sustainable, natural foods and increased awareness of clean-label products.
• Type: Modified and native potato starch. The modified potato starch segment is projected to hold the largest market share in 2022, driven by its growing applications in food and beverages, pharmaceuticals, and the paper industry due to enhanced functional properties.
• Function: Thickener, binder, stabilizer, disintegrant, and others. The thickener segment is expected to account for the largest share in 2022, attributed to its wide usage across the food, pharmaceutical, and paper industries for improving texture and stability in products.
• Application: Food & beverages, paper industry, pharmaceuticals & chemicals, animal feed, and other applications. The food & beverages segment is projected to grow the fastest during the forecast period, driven by consumer preferences for products with natural ingredients and increasing demand for ready-to-eat meals.

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Geographic Analysis:

The report analyzes key regions, including North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.

In 2022, Europe is expected to hold the largest market share, driven by the demand for convenience foods, growing health and wellness concerns, a well-established food and beverage industry, and a strong preference for organic, gluten-free products. Meanwhile, the Asia-Pacific region is anticipated to exhibit the fastest growth rate during the forecast period.