Potato Starch Market Size, Regional Outlook, Application Growth Potential, COVID-19 Impact Analysis, Competitive Market Growth & Forecast, 2021 – 2027
Report ID: GMI2740
Potato Starch Market size will grow over 2021-2027 with higher popularity of acid-modified ingredient. Besides, the application in the textile sector and food products will also expand the industry size. Potato starch offers essential nutrition for humans and animals and is sought for coatings in industrial processes. It has also gained popularity as a thickening agent and gluten-free alternative to flour.
Potato starch will continue to see increased use in ready-to-eat and ready-to-mix food products. Major food manufacturers have increased focus on meats, dressings, fillings, bakery and noodles. It is worth noting that potato starch contains amylose molecules with longer chains as compared to wheat and corn, thereby minimizing undesirable texture in foods.
On the basis of product type, the global potato starch market forecast from the modified segment will be strong during the assessment period 2021-2027. Modified potato starch is increasingly used in applications, including bakery, dairy desserts, fruit fillings, pourable dressings and other savory applications. Manufacturers are creating modified starch in a lab using chemicals or enzymes to change the structure of the starch. Food companies are using modified potato starch as a food additive in a range of foods to make it ideal for emulsifying, stabilizing and thickening.
In terms of nature, the organic potato starch segment will witness a notable CAGR through 2027 owing to the rising trend for sustainable and natural food. Production of organic potato starch has surged as a functional ingredient. Notably, the bakery industry will be one of the major markets for organic potato starch manufacturers. Considering that organic potato starch has tremendous protective film making properties and minimizes moisture migration, bakery products made from organic potato starch are poised to gain traction.
Based on the end-use sector, the textile industry segment will witness an appreciable gain in the coming years. Potato starch is suitable for textile sizing, cotton yarn sizing and medium-count yarn. The ingredient has become a promising sizing material as an effective sizing material across the globe. Prominently, modified starch is also expected to be used in warp yarn sizing, auguring well for the potato starch market outlook.
With respect to geography, Asia Pacific potato starch market revenue will surge by 2027 with growing penetration in textile, paper, pharmaceuticals and bakery industries. Starches are increasingly used in the pharmaceutical sector for applications, including tablets, excipient, glidant, capsule disintegrant, binder and capsule diluent. It has also gained impetus as a diluent and disintegrating agent in solid dosage forms. Several pharmaceutical companies are also using the ingredient as a binder in solid dosage formulation. Increasing uses and application of in drug formulations will bolster both modified and native market outlook.
The competitiveness of the global potato starch industry is intensified with players such as Cargill, KMC, Emsland Group, PEPEES Group, AGRANA, Vimal PPCE, Tereos, Lyckeby and Roquette, among others. They will emphasize organic and inorganic strategies with focus on product launches, mergers & acquisitions, collaboration and partnerships. To illustrate, Emsland Group, in September 2020, announced investments of more than 33.9 million euros in a new plant for modification and drying of potato starch. The product will potentially be used in the textile, adhesive and construction industries.
Potato starch market forecast during the COVID-19 pandemic
With the coronavirus pandemic threatening the global food security, processed agricultural products were affected. The closure of food service establishments reduced the demand for bakery and other food products, significantly affecting the business growth. Considering that potato starch constitutes a major share of consumption in developed countries, industry outlook in North America and Europe could be hampered. Meanwhile, increased demand from the pharmaceutical industry will add fuel to potato starch market volume. Flourishing textile industry and soaring trend for organic potato starch will encourage stakeholders to boost investments in the landscape.
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