Impact Of Outbreak Of Covid-19 On Potato Starch Market Growth Opportunities – Scenario Alongside Development Prospects In The Years To Come
Potato starch, as the name suggests, refers to the starch derived from potatoes. Starch grains or leucoplasts as it is also known as are found in the cells of the root tubers of potato plants. Potatoes are crushed to extract starch from them. The starch grain are then released from the cells that are destroyed. It is then washed out and dried to convert them into powder.
Potato starch comes with typical large oval spherical granules that range in size between 5 to 100 μm. Potato starch is considered a very refined one, containing very less of fat or protein. This renders the powder a clear white hue. When the starch is cooked, it comes with typical characteristics of good clarity, neutral taste, long texture, high binding strength, and minimum tendency to yellowing or foaming of the solution.
Potato starch is used in many ready-to-mix and ready-to-eat products food products. Food products such as dessert mix, baked goods, and curry make use of potato starch. Additionally, it has countless applications across the category of convenience food products worldwide and particularly in the developing countries. These components are estimated to stimulate growth of the global potato starch market in the years to come. Some of the noted players that are operating in the global potato starch market comprise Emsland Group, Beteiligungs-AG, SÜDSTÄRKE GMBH, PEPEES Group, and Cargill, Inc. However, Belgium, Netherlands, and Luxembourg or BENELUX is anticipated to expand with a most lucrative CAGR in terms of value over the forecast period.
The global potato starch market has garnered a revenue of around US$5,000 mn in 2017 and is estimated to reach a market value of US$7,178.4 mn by the end of 2026. The market is growing and is anticipated to rise at 4.6% CAGR over the forecast period, from 2017 to 2026.
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Accelerated Demand to Rise from Adhesiveness of Potato Starch
The textile industry is thriving worldwide and particularly across the developing countries such as China and India. It has led to the increased consumption of potato starch. Besides, potato starch also finds it usage across textile sizing activities in cotton clothes. Rising demand for potato starch for textile sizing is influencing the global potato starch market positively.
Furthermore, starch is an adhesive material and it finds usage during the process of size mix due to many factors such as tuning of starch properties as per the requirement. It is also cost-effective as compared to other substitutes. It has been observed that potato starch is gaining substantial traction worldwide.
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On the other hand, certain important factors are restraining the growth of global potato starch market. Those are the volatility of raw materials such as potatoes’ price due to climatic changes. Besides, seasonal variations and constant changing climate are lowering crops’ quality owing to uneven and critical rainfall patterns. Such fluctuations are resulting in fluctuation of the costs of crops and curbing growth of the global potato starch market.
On the regional front, the global potato starch market has been segmented into North America, Latin America, Europe, Asia Pacific, And the Middle East & Africa. Off all the regions, Europe accounted for the leading share of the global potato starch market in 2018 with regards to value and volume. The market in North America is anticipated to obtain significant share by the end of 2026. This growth of the global potato starch market is attributed to the demand for potato starch and the demand for accessibility is growing across these geographies.
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