Abstract
Summary
The global potato starch market is estimated to be valued at USD 4.3 billion in 2022. It is projected to reach USD 5.2 billion by 2027, recording a CAGR of 3.7% during the forecast period. Starch is a polymeric carbohydrate that consists of a large number of glucose units. Potato starch has larger (oval and spherical) starch granules than the other major starches. Potato starch starts to bind water at a lower temperature compared to other starches. Potato starch helps normalize blood sugar. A scientific study published in the journal of Diabetic Medicine in 2010 investigated whether or not the consumption of resistant starch could help people struggling with metabolic syndrome. However, potato starch does not contain significant amounts of vitamins or minerals. In terms of essential nutrients, it only contains one essential nutrient, which is carbohydrates.
“Asia Pacific is projected to witness the growth of 4.73% during the forecast period.”
The potato starch market in Asia Pacific is growing at a CAGR of 4.6% due to the rising demand in large economies, such as China, India, Japan, and other Southeast Asian countries. The industrial organization and technology of starch processing are changing rapidly in Asia Pacific. Unlike other regions where starch is processed almost entirely by large companies, in Asia Pacific, starch processing is done by small and medium-sized firms. Historically, native starch has been largely used for food products in the Asia Pacific region. The industrial applications and technologies involved in starch processing are changing rapidly in the Asia Pacific countries. Potato starch is increasingly being demanded by various industries in the region and these industries are incorporating modified potato starches in their manufacturing processes and products.
“The conventional potato starch dominates the market with 83.4% of total market share in terms of value.”
The conventional potato starch dominates the market with 83.4% of total market share in terms of value. As of the FDA's 2017 annual summary report, in conventional agriculture within the US, antibiotic use is on the decline: the use of medically necessary antimicrobials in food-producing animals had dropped 43% from its peak in 2015 when about 80% of antibiotics sold in the US were intended for use in animal agriculture.
Organic potato starch is costly; it includes genetically modified organisms, conventional pesticides, herbicides, petroleum-based and sewage-sludge-based fertilizers, antibiotics, growth hormones, and irradiation, which results in the growth of conventional products. The flourishing textile & paper industry is expected to fuel the conventional segment.
“Modified starches are used to remove the constraints of food applications.”
In food, the aim of modified starches is to remove the constraints of food applications (for example, in cooking, freezing/thawing, canning, or sterilization) and make the ingredients compatible with modern food processing. Modified starches are used, for example in food products that need to be microwaved, freeze-dried, cooked at high temperatures, or baked and fried so that the texture of such foods does not change during the cooking process. Modified potato starches are used in chips, canned soups, cheese sauces, powder-coated foods (cocoa-dusted almonds), and candies. Starch is a binder used especially for sauces or soups, but it is not stable and releases water after long storage in the fridge. The common objective of most of these transformations is to limit the natural tendency of the starch to remove the water. During the cooking of soup, for example, the native starch is hydrated in contact with water. The starch granules expand and the viscosity of the solution increases, giving it a particular texture.
Break-up of Primaries:
By Company Type: Tier 1 – 40.0%, Tier 2- 30.0%, Tier 3 – 30.0%
By Designation: Managers – 40.0%, CXOs – 25.0%, and Executives- 35.0%
By Region: Europe - 50%, Asia Pacific – 30%, North America - 10%, RoW – 10%
Leading players profiled in this report:
• Pepees S.A. (Poland)
• Agrana Beteiligungs-AS (Austria)
• KMC (Denmark)
• Tate & Lyle (UK)
• VIMAL PPCE (Ukraine)
• Avebe (The Netherlands)
• Tereos (France)
• Lyckeby (Sweden)
• Rädchen USA (US)
• Royal Ingredients Group (The Netherlands)
• Roquette Frères (France)
• Emsland (Germany)
• Südstärke GmbH (Germany)
• Ingredion Incorporated (US)
• AKV Langholt (Denmark)
Research Coverage:
The report segments the potato starch market on the basis of type, end-user, nature, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global potato starch, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get a comprehensive overview of the potato starch market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the potato starch market is flourishing
Table of Contents
1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.4 REGIONS COVERED 33
1.5 PERIODIZATION CONSIDERED 34
1.6 CURRENCY CONSIDERED 34
1.7 UNITS CONSIDERED 35
1.8 STAKEHOLDERS 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY DATA 38
- 2.1.1.1 Key data from secondary sources 38
2.1.2 PRIMARY DATA 39
- 2.1.2.1 Breakdown of primary interviews 40
2.2 MARKET SIZE ESTIMATION 41
2.2.1 APPROACH ONE (BASED ON END USER, BY REGION) 41
2.2.2 APPROACH TWO (BASED ON THE GLOBAL MARKET)C 42
2.3 DATA TRIANGULATION 43
2.4 ASSUMPTIONS FOR THE STUDY 44
2.5 LIMITATIONS OF THE STUDYCHART 45
2.6 SCENARIO-BASED MODELING 45
2.7 INTRODUCTION TO COVID-19 45
2.8 COVID-19 HEALTH ASSESSMENT 46
2.9 COVID-19 ECONOMIC ASSESSMENT 48
2.9.1 COVID-19 ECONOMIC IMPACT-SCENARIO ASSESSMENT 49
3 EXECUTIVE SUMMARY 52
4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE OPPORTUNITIES IN THE POTATO STARCH MARKET 59
4.2 POTATO STARCH MARKET: MAJOR REGIONAL SUBMARKETS 60
4.3 ASIA PACIFIC: POTATO STARCH MARKET, BY KEY APPLICATION & COUNTRY 61
4.4 POTATO STARCH MARKET, BY END USER SUB-SEGMENTS 62
4.5 POTATO STARCH MARKET, BY END USER 63
4.6 POTATO STARCH MARKET, BY NATURE 63
5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 MARKET DYNAMICS 65
5.2.1 DRIVERS 65
- 5.2.1.1 Rising demand for processed and convenience foods 65
- 5.2.1.2 Growing demand for adhesives in a range of industrial applications 67
- 5.2.1.3 Investments in research and development and increasing production capacities accelerating the potato starch market 68
5.2.2 RESTRAINTS 69
- 5.2.2.1 Availability of a range of alternatives to potato starch 69
- 5.2.2.2 Lack of potato starch processing equipment and technologies in developing countries 70
5.2.3 OPPORTUNITIES 70
- 5.2.3.1 Strong market potential for potato starch-based bioplastics 70
- 5.2.3.2 Untapped potential of potato starch in the cosmetic industry 72
5.2.4 CHALLENGES 72
- 5.2.4.1 Operational challenges associated with modern potato starch production processes 72
- 5.2.4.2 Regulatory policies impacting the overall potato starch industry 73
5.3 IMPACT OF COVID-19 ON MARKET DYNAMICS 73
6 INDUSTRY TRENDS 74
6.1 INTRODUCTION 74
6.2 COVID-19 IMPACT ON THE POTATO STARCH MARKET 74
6.3 VALUE CHAIN 74
6.3.1 RESEARCH & DEVELOPMENT 75
6.3.2 SOURCING OF RAW MATERIALS 75
6.3.3 PRODUCTION & PROCESSING 75
6.3.4 DISTRIBUTION, MARKETING, & SALES 75
6.4 SUPPLY CHAIN 76
6.5 TECHNOLOGY ANALYSIS 77
6.5.1 POTATO STARCH MODIFICATION USING OZONE TECHNOLOGY 77
6.5.2 PREDICTING MECHANICAL PROPERTIES OF THERMOPLASTIC STARCH FILMS USING AI 77
6.6 PRICING ANALYSIS: POTATO STARCH MARKET, BY REGION 78
6.7 ECOSYSTEM 79
6.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 80
6.9 PATENT ANALYSIS 81
6.10 TRADE ANALYSIS 83
6.11 PORTER’S FIVE FORCES ANALYSIS 83
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 84
6.11.2 BARGAINING POWER OF SUPPLIERS 84
6.11.3 BARGAINING POWER OF BUYERS 84
6.11.4 THREAT OF NEW ENTRANTS 84
6.11.5 THREAT OF SUBSTITUTES 85
6.12 CASE STUDIES ANALYSIS 85
6.12.1 USE CASE 1: INGREDION INCORPORATED USES POTATO STARCH TO MAINTAIN THE PULPY GOODNESS 85
7 REGULATORY FRAMEWORK 86
7.1 INTRODUCTION 86
7.2 POTATO STARCH REGULATIONS IN THE US 21 CFR 173 86
7.3 POTATO STARCH REGULATIONS IN EUROPE 87
7.4 POTATO STARCH REGULATIONS IN ASIA-PACIFIC 88
8 POTATO STARCH MARKET, BY NATURE 89
8.1 INTRODUCTION 90
8.2 ORGANIC 91
8.3 CONVENTIONAL 93
9 POTATO STARCH MARKET, BY TYPE 95
9.1 INTRODUCTION 96
9.2 NATIVE 98
9.2.1 NATIVE POTATO STARCH CAN ALSO BE PRODUCED AS A SIDE STREAM PRODUCT 98
9.3 MODIFIED 100
9.3.1 MODIFIED STARCHES ARE USED TO REMOVE THE CONSTRAINTS OF
10 POTATO STARCH MARKET, BY END USER 102
10.1 INTRODUCTION 103
10.2 FOOD & BEVERAGES 105
10.2.1 BAKERY & CONFECTIONERY PRODUCTS 106
- 10.2.1.1 Potato starch improves the texture and quality of bakery products 106
10.2.2 BEVERAGES 108
- 10.2.2.1 Starches stabilizing beverages and providing them with viscosity for mouthfeel 108
10.2.3 PROCESSED FOODS 110
- 10.2.3.1 Potato starch acts as a stabilizer and provide the freeze-thaw ability to processed foods 110
10.2.4 OTHER FOOD & BEVERAGES APPLICATIONS 111
- 10.2.4.1 They provide crispiness to snacks and cereals 111
- 10.2.4.2 Noodles 113
- 10.2.4.3 RTE snacks 113
10.3 FEED 113
10.4 INDUSTRIAL 115
10.4.1 PAPER INDUSTRY 116
- 10.4.1.1 Modified starch provides internal strength to paper 116
10.4.2 PHARMACEUTICALS 118
- 10.4.2.1 Potato starch performs crucial functions in various pharmaceutical applications 118
10.4.3 COSMETICS 120
- 10.4.3.1 Potato starch provides smoothness to cosmetics 120
10.4.4 BIODEGRADABLE PLASTICS 121
- 10.4.4.1 Starch constitutes a rich resource of fermentable sugars 121
10.4.5 OTHER INDUSTRIAL APPLICATIONS 124
- 10.4.5.1 Potato starch is primarily used for textile sizing in the textile industry 124
11 POTATO STARCH MARKET, BY REGION 126
11.1 INTRODUCTION 127
11.2 NORTH AMERICA 130
11.2.1 UNITED STATES 137
- 11.2.1.1 Potato starch is used in various food applications to improve their texture 137
11.2.2 CANADA 140
- 11.2.2.1 Government agencies are working toward incorporating potato starch in various industrial applications 140
11.2.3 MEXICO 144
- 11.2.3.1 Growth in the paper & packaging industry demanding potato starch 144
11.3 EUROPE 147
11.3.1 GERMANY 156
- 11.3.1.1 Increase in consumption of convenience food driving the demand 156
11.3.2 FRANCE 160
- 11.3.2.1 High consumption of dairy products fueling the demand for potato starch 160
11.3.3 UNITED KINGDOM 163
- 11.3.3.1 Growth of the feed industry contributing to the potato starch market 163
11.3.4 SPAIN 166
- 11.3.4.1 Developed food processing industry propelling the market growth 166
11.3.5 ITALY 169
- 11.3.5.1 Widespread baker & confectionery industry in the country to drive demand 169
11.3.6 BELGIUM 173
- 11.3.6.1 Modified potato starch is used for analog screen-painting 173
11.3.7 THE NETHERLANDS 176
- 11.3.7.1 The Netherlands grows over 500 different varieties of potatoes 176
11.3.8 SWEDEN 179
- 11.3.8.1 Sweden uses GM potatoes for the paper production industry 179
11.3.9 DENMARK 183
- 11.3.9.1 Potato starch produced in Denmark are exceptionally pure 183
11.3.10 FINLAND 186
- 11.3.10.1 Best known sago delicacy is made by using potato starch 186
11.3.11 REST OF EUROPE 189
- 11.3.11.1 Growing industries will increase the demand for potato starch 189
11.4 ASIA PACIFIC 192
11.4.1 CHINA 200
- 11.4.1.1 China dominates the Asia Pacific potato starch market 200
11.4.2 JAPAN 204
- 11.4.2.1 Rise in the processed food industry in Japan driving the potato starch market 204
11.4.3 INDIA 207
- 11.4.3.1 Growing demand for potato starch in India’s industrial sector 207
11.4.4 SOUTH KOREA 211
- 11.4.4.1 Growth in the demand for packaged food is driving the demand for potato starch 211
11.4.5 THAILAND 214
- 11.4.5.1 Food exports and production of ready-to-eat meals to drive the potato starch industry 214
11.4.6 REST OF ASIA PACIFIC 218
- 11.4.6.1 Growth in industries will increase the demand for potato starch 218
11.5 REST OF THE WORLD (ROW) 221
11.5.1 SOUTH AMERICA 228
11.5.2 MIDDLE EAST & AFRICA 232
- 11.5.2.1 Potential of potato starch in bioplastics industrial application 232
12 COMPETITIVE LANDSCAPE 236
12.1 OVERVIEW 236
12.2 MARKET SHARE ANALYSIS, 2020 236
12.3 KEY PLAYER STRATEGIES 237
12.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2020 238
12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 238
12.5.1 STARS 239
12.5.2 PERVASIVE PLAYERS 239
12.5.3 EMERGING LEADERS 239
12.5.4 PARTICIPANTS 239
12.5.5 PRODUCT FOOTPRINT 241
12.6 POTATO STARCH MARKET, STARTUP/SME EVALUATION QUADRANT, 2020 243
12.6.1 PROGRESSIVE COMPANIES 243
12.6.2 STARTING BLOCKS 243
12.6.3 RESPONSIVE COMPANIES 243
12.6.4 DYNAMIC COMPANIES 243
12.7 NEW PRODUCT LAUNCHES AND DEALS 245
12.7.1 NEW PRODUCT LAUNCHES 245
12.7.2 DEALS 246
13 COMPANY PROFILES 248
13.1 KEY PLAYERS 248
13.1.1 PEPEES S.A. 248
13.1.2 AGRANA BETEILIGUNGS-AG 251
13.1.3 KMC 254
13.1.4 TATE & LYLE 256
13.1.5 VIMAL PPCE 259
13.1.6 AVEBE 261
13.1.7 TEREOS 264
13.1.8 LYCKEBY 267
13.1.9 RÄDCHEN USA INC 269
13.1.10 ROYAL INGREDIENTS GROUP 270
13.1.11 ROQUETTE FRÈRES 271
13.1.12 EMSLAND GROUP 274
13.1.13 SÜDSTÄRKE GMBH 276
13.1.14 INGREDION INCORPORATED 278
13.1.15 AKV LANGHOLT AMBA 281
14 ADJACENT & RELATED MARKETS 282
14.1 INTRODUCTION 282
14.2 LIMITATIONS 282
14.3 PEA STARCH MARKET 282
14.3.1 MARKET DEFINITION 282
14.3.2 MARKET OVERVIEW 283
14.3.3 PEA STARCH MARKET, BY GRADE 283
14.3.4 PEA STARCH MARKET, BY REGION 284
14.4 MODIFIED STARCH MARKET 286
14.4.1 LIMITATIONS 286
14.4.2 MARKET DEFINITION 286
14.4.3 MARKET OVERVIEW 286
14.4.4 MODIFIED STARCH MARKET, BY FUNCTION 287
- 14.4.4.1 INTRODUCTION 287
14.4.5 MODIFIED STARCH MARKET, BY REGION 287
- 14.4.5.1 INTRODUCTION 287
14.5 INDUSTRIAL STARCH MARKET 288
14.5.1 LIMITATIONS 289
14.5.2 MARKET DEFINITION 289
14.5.3 MARKET OVERVIEW 289
14.5.4 INDUSTRIAL STARCH MARKET, BY TYPE 290
14.5.5 INDUSTRIAL STARCH MARKET, BY REGION 290
- 14.5.5.1 Introduction 290
15 APPENDIX 292
15.1 DISCUSSION GUIDE 292
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 296
15.3 AVAILABLE CUSTOMIZATIONS 298
15.4 RELATED REPORTS 298
15.5 AUTHOR DETAILS 299
2020 (OTHERS) 244
2022 TO 2027 (USD MILLION) 103