A Strong Growth Perspective for the Modified Starch Segment

In terms of value, the potato starch market is projected to reach USD5.6bn by 2029, at a CAGR of 3.9% from 2022 to 2029, while in terms of volume, the market is projected to reach 5.6m tons by 2029, at a CAGR of 3.6% from 2022 to 2029.

The modified starch segment is anticipated to experience the greatest CAGR throughout the forecast period among all starch types. Due to its improved functional features, modified potato starch is increasingly being used in food and beverage, medicines, and the paper industry, which is largely responsible for the segment's rapid rise.

The conventional segment is anticipated to hold the greatest proportion of the potato starch market in 2022, according to a recent market research analysis by Meticulous Research. This segment's significant market share is primarily due to its low cost, wide availability, and growing use in the paper and chemical industries.

However, it is anticipated that the organic segment will experience the largest CAGR during the forecast period. This market's rapid expansion is mostly driven by the rising popularity of natural and sustainable foods as well as increased consumer awareness of clean-label goods.

The market for potato starch is anticipated to be dominated by the food and beverage sector in 2022 based on application. The wide range of uses for potato starch in the food and beverage industry, rising consumer awareness of the benefits of consuming foods with natural ingredients, increasing demand for ready-to-eat and ready-to-cook foods, and consumers' growing preference for clean label and healthy goods are the main reasons for this segment's significant market share.

Geographically, Europe is anticipated to hold the greatest market share for potato starch in 2022. The significant market share is mostly attributable to the rising need for convenience foods, the rise in health and wellness concerns, a well-established food and beverage sector, and the significant demand for organic, gluten-free, and plant-based food items. But during the projected period, the Asia-Pacific area is anticipated to increase at the quickest rate.

The potato starch market has witnessed several product launches, partnerships, agreements, and collaborations in recent years. The key players operating in the potato starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Roquette Frères (France), AGRANA Beteiligungs-AG (Austria), Emsland Group (Germany), KMC a.m.b.a. (Denmark), Südstärke GmbH (Germany), Peepes S.A. (Poland), Novidon B.V. (Netherlands), HANSELAND Ltd. (Turkey), Royal Ingredients Group B.V. (Netherlands), VIMAL PPCE (Ukraine), Meelunie B.V. (Amsterdam), and Agrum Foods India Pvt. Ltd (India).