Potato Starch Market

Global Potato Starch Market, By Type (Native and Modified), By Nature (Organic and Conventional), By End-use (Food Industry, Paper Industry, Textile Industry, Pharmaceutical, Personal Care, and Others), By Distribution Channel (Direct Sales and Indirect Sales), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2029

PMI110919 | Food Ingredients

Jul 2019 | 167 | PDF

Potato is a feedstock used for the production of starch. Potato starch is a rich source of carbohydrates and is widely used as thickening agent in food industry. Potato starch is a tasteless, odourless, and soft power, extracted from the cells of the potato plant containing starch grains. Potato starch is extracted from potatoes. The root tubers cells of the potato plant contain starch grains. To extract the starch, the potatoes are crushed where the starch grains are released from the destroyed cells. The starch is then washed out and dried to powder.

Increasing demand for potato starch in end use industries such as food and pharmaceuticals is a major factor driving the growth of the global potential market. In addition, increasing demand for potato starch in the textile industry for textile sizing, especially for cotton yarns is expected to boost the revenue growth of the target market over the forecast period. Furthermore, growing demand for ready to eat food products such as dessert mixes, bakes products, and others is another factor propelling the growth of the global market. With this growing consumption of paper across the globe for various applications is one factors expected to support revenue growth of the potential market over the forecast period. Cost-effective when compared to other substitutes, potato starch is observed to be gaining significant traction on a global level. However, fluctuating raw material prices of potato starch owing to irregularities in the climate which affect the yield are expected to restrain revenue growth of the target market over the forecast period.

The global potato starch market is segmented into types, end-user, distribution channel, and region. Based on the types, the global market is sub-divided into modified and native. The native segment is projected to grow at a steady rate over the forecast period. On the basis of end-user, the target market is bifurcated into food industry, paper industry, textile industry, pharmaceutical, personal care, and others. Among the end-user segments, the food industry segment is projected to contribute major revenue share in the global market Based on the distribution channel, the global market is characterized into direct sales and indirect sales.

On the base of region, the global potato starch market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe market is expected to contribute for major revenue share in the global potential market. Rising demand convenience food products in the region owing rapid urbanization and changing consumer preference is a major factor expected to boost revenue growth of target market. The potato starch market in Asia Pacific is anticipated to grow at a moderate growth rate over the forecast period. Rising demand for potato starch in the food and pharmaceutical industries is expected to support revenue growth of the potential market in Asia Pacific. North America is expected to average growth rate of the market in the upcoming years.

Key players in the global potato starch market are Cargill, Incorporated, Emsland Group, Novidon B.V., PEPEES S.A., AGRANA Beteiligungs-AG, KMC Group, AVEBE U.A., AKV Langholt AmbA, Ingredion Incorporated, and Tereos Starch & Sweeteners s.a.s.

Overview

Potato is a feedstock used for the production of starch. Potato starch is a rich source of carbohydrates and is widely used as thickening agent in food industry. Potato starch is a tasteless, odourless, and soft power, extracted from the cells of the potato plant containing starch grains. Potato starch is extracted from potatoes. The root tubers cells of the potato plant contain starch grains. To extract the starch, the potatoes are first crushed where the starch grains are released from the destroyed cells. The starch is then washed out and dried to form powder.

Market Dynamics:

Increasing demand for potato starch in end use industries such as food and pharmaceuticals is a major factor driving the growth of the global potential market. In addition, increasing demand for potato starch in the textile industry for textile sizing, especially for cotton yarns is expected to boost the revenue growth of the target market over the forecast period. Furthermore, growing demand for ready to eat food products such as dessert mixes, bakes products, and others is another factor propelling the growth of the global market. With this growing consumption of paper across the globe for various applications is one factors expected to support revenue growth of the potential market over the forecast period. For instance, according to Food and Agriculture Organization in 2014, global paper production hit 400 million tonnes per year for the first time.

Cost-effective when compared to other substitutes, potato starch is observed to be gaining significant traction on a global level. However, fluctuating raw material prices of potato starch owing to irregularities in the climate which affect the yield are expected to restrain revenue growth of the target market over the forecast period. Nonetheless, major food manufacturers are focusing on the using cost-effective acid-modified potato starch as an alternative to use of gelling agent and this is replacing the other materials such as regular starch and gelatine. Additionally, potato starch provides ubiquitous texture, which is more appealing to the product. This is a key factor having potential of creating opportunities for the growth of the global potato starch market in the coming future. Use of potato starch as thickening agent in the food and beverage industry is the major trend that will be observed during the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global potato starch market is analysed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analysed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. Europe market is expected to contribute for major revenue share in the global potential market. Rising demand convenience food products in the region owing rapid urbanization and changing consumer preference is a major factor expected to boost revenue growth of target market. The potato starch market in Asia Pacific is anticipated to grow at a moderate growth rate over the forecast period. Rising demand for potato starch in the food and pharmaceutical industries is expected to support revenue growth of the potential market in Asia Pacific. North America is expected to average growth rate of the market in the upcoming years.

Competitive Analysis:

Some of the prominent players operating in the global potato starch market include Cargill, Incorporated, Emsland Group, Novidon B.V., PEPEES S.A., AGRANA Beteiligungs-AG, KMC Group, AVEBE U.A., AKV Langholt AmbA, Ingredion Incorporated, and Tereos Starch & Sweeteners s.a.s. These key players in this market are focusing on increasing their presence through mergers & acquisitions and new product developments, specific to consumer demands around the world. For instance, in 2018, AKV Langholt AmbA, a cooperative owned by 160 potato growers in Denmark, produced potato starch and potato protein as well as by-products. Cargill and AKV Langholt AmbA, its Danish potato starch partner, would invest in a new potato starch production unit at the Langholt facility in Denmark.

Market Taxonomy:

This report segments the global potato starch market on the basis of types, end-user, distribution channel, and region. Based on the types, the global market is sub-divided into modified and native. The native segment is projected to grow at a steady rate over the forecast period. On the basis of end-user, the target market is bifurcated into food industry, paper industry, textile industry, pharmaceutical, personal care, and others. Among the end-user segments, the food industry segment is projected to contribute major revenue share in the global market Based on the distribution channel, the global market is characterized into direct sales and indirect sales.

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Key features of the study:

Prophecy Market Insights provides detailed analysis on global potato starch market in our report- Global Potato Starch Market by Type, End-User, Distribution Channel, and region The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, on-going trends, customers demand, and regional outlook. The report delivers competitive analysis about leading players in the global potato starch market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, on-going trends, market expansion, and marketing tactics used overall the globe. Various strategy matrices include in the report are PEST analysis, PORTER’s five forces analysis, and opportunity map analysis to analyse the potato starch market.

Detailed Segmentation:

Global Potato Starch Market, By Type:

      • Modified
      • Native

 Global Potato Starch Market, By End-User:

      • Food Industry
      • Paper Industry
      • Textile Industry
      • Pharmaceutical
      • Personal Care
      • Others

Global Potato Starch Market, By Distribution Channels:

      • Direct Sales
      • Indirect Sales

Global Potato Starch Market, By Region:

      • North America
        • North America Potato Starch Market, By Type
        • North America Potato Starch Market, By End-User
        • North America Potato Starch Market, By Distribution Channel
        • North America Potato Starch Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Potato Starch Market, By Type
        • Europe Potato Starch Market, By End-User
        • Europe Potato Starch Market, By Distribution Channel
        • Europe Potato Starch Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Potato Starch Market, By Type
        • Asia Pacific Potato Starch Market, By End-User
        • Asia Pacific Potato Starch Market, By Distribution Channel
        • Asia Pacific Potato Starch Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific                                                                                                                                             
      • Latin America
        • Latin America Potato Starch Market, By Type
        • Latin America Potato Starch Market, By End-User
        • Latin America Potato Starch Market, By Distribution Channel
        • Latin America Potato Starch Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Potato Starch Market, By Type
        • Middle East & Africa Potato Starch Market, By End-User
        • Middle East & Africa Potato Starch Market, By Distribution Channel
        • Middle East & Africa Potato Starch Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

      • D Cargill, Incorporated*
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Emsland Group
      • Novidon B.V.
      • PEPEES S.A.
      • AGRANA Beteiligungs-AG
      • KMC Group
      • AVEBE U.A.
      • AKV Langholt AmbA
      • Ingredion Incorporated
      • Tereos Starch & Sweeteners S.A.S.

 “*” marked represents similar segmentation in other categories in the respective section

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