The main objective of this report is to define, describe, and forecast the global “Potato Starch” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global potato starch market is projected to grow at a Healthy CAGR of over the forecast period of 2018-2024.
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Cargill invested in potato starch production in Denmark
February 2018, AKV Langholt AmbA, a cooperative owned by 160 potato growers in Denmark, produces 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. The potato starches produced there will expand Cargill’s SimPure portfolio of functional native starches. Minneapolis, Minnesota, U.S.-based Cargill launched the SimPure brand, which are starches that helped deliver simple ingredient labels and provide process tolerance, shelf life and storage stability, according to the company.
Use of potato starch in textile industries to promote growth in the potato starch market
Increasing consumption of convenience food across the world is likely to drive the growth of the potato starch market. Furthermore, increasing purchasing power of consumers in several developing countries and succeeding growth in the consumption of potato starch are also fuelling the market growth. Additionally, growing the usage of potato starch in chemical industry for its adhesive properties and in pharmaceutical industry to produce anti-biotic drives the growth for potato starch market. Moreover, the use of potato starch in the textile industry for stiffens and finished fabrics and in the paper industry is some of the key factors boosting the demand for potato starch market. Besides, a major challenge for the potato starch market is fluctuations in price of agricultural products due to distortion in climate which affect the yields due to uneven rainfall patterns. Decrease in rainfall also affects cultivation that results in difference in input and output prices. This factor hampers the growth of potato starch market.
Europe to dominate the global potato starch market over the forecast period
Europe dominates the potato starch market followed by the North America and Asia Pacific region.In Europe region, favourable government legislation with increasing number of pharmaceutical companies and increasing health concerns drives the market growth. While in North America region growth is attributed due to the increasing usage of potato starch as thickening property, good taste & texture and in non-food products for binding & texturing is anticipated to propel the demand for potato starch market.
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Key Industry Players In Potato Starch Market Studied in Report Are:
The report provides profiles of the companies in the global potato starch market such as Cargill, Incorporated, SÜDSTÄRKE GMBH, PEPEES Group, Novidon, Emsland Group, AGRANA Beteiligungs-AG, Avebe, Ingredion, AKV Langholt, and Finnamyl Ltd.