The
global potato starch market size is projected to reach USD
672.68 million by 2027, exhibiting a CAGR of 3.9% during the forecast period. Development
of clean-label starch products by food companies is expected to prove
beneficial for this market, shares Fortune Business Insights™ in its report,
titled “Potato Starch Market Size, Share & COVID-19 Impact
Analysis, By Nature (Organic & Conventional) End-use (Textile & Paper,
Food & Beverages, and Pharmaceuticals), Type (Native and Modified), and
Regional Forecast, 2020-2027”. Clean-label food products are those
that are free of any chemical modifications or alterations and are made from
natural ingredients. Starch is a carbohydrate that is generally synthesized
chemically, but consumers are now demanding clean-label, or naturally-derived,
starches and other ingredients that are used in foods and drinks. As a result,
many companies are now developing innovative starch concoctions made from
organic sources. For instance, Tate & Lyle developed the CLARIA® Functional
Clean-Label Starches, its new product line of non-Genetically Modified Organism
(GMO) starch offerings, designed to meet several preparation requirements in
the food industry. Cargill, too, came up with its SimPure line of native
starches developed specifically for convenience foods.
The
COVID-19 pandemic has created unparalleled turmoil, uncertainty, anxiety, and
apprehensions in the global economy. Governments are pulling all stops to wade
their countries out of this crisis, while the private sector is exploring
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taking constant efforts to provide you with comprehensive market intelligence
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market research.
The
report states that the global market value in 2019 stood at USD 500.07 million
and provides the following information:
Market
Driver
Digestive
Benefits of Potato Starch to Stoke Adoption
A
leading factor fueling this market growth is the numerous benefits that
resistant starch derived from potatoes has on the body’s digestive system.
According to the National Institutes of Health (NIH), resistance starch helps
in strengthening the colon by reducing inflammation in the area and potentially
lowering the risk of colorectal cancer. In bolstering the colon’s
functionality, this type of starch can prevent the development of chronic bowel
disorders such as Crohn’s disease and ulcerative colitis. The NIH also
highlights the advantages that resistant starch offers for metabolism. For
instance, regular consumption of this starch type through meals can improve
insulin sensitivity, which in turn can lower blood sugar levels and reduce the
risk of diseases such as type 2 diabetes, heart disease, obesity, and even
Alzheimer’s. Increasing awareness about the vast benefits of potato starch and
other naturally derived ingredients is expected to augur well for the market in
the coming years.
Regional
Insights
High
Demand for Plant-based Food Items to Support Market Growth in Europe
Europe
is anticipated to have a commanding hold on the potato starch market share
during the forecast period on account of high demand and consumption of
plant-based, naturally made food items in the region. In addition to this, food
& beverage companies in the region are increasingly developing health
snacks by infusing them with potato starch, which is favoring the market growth
in the continent.
The
market size in North America stood at USD 178.75 million in 2019 and is
expected to expand at a steady pace owing to surging demand for organic foods
and drinks in the region. In Asia Pacific, rapid urbanization is boosting the
demand for ready-to-eat organic foods, which is creating promising prospects
for the players in this market.
Competitive
Landscape
Key
Players to Engage in Collaborative Efforts to Promote Plant-based Nutrition
With
the widening ambit of plant-based foods and drinks, key players in this market
are taking concrete steps to innovate and augment the potential of
naturally-derived starches, including potato starch. To that end, many
companies are joining large-scale initiatives to promote plant-based nutrition
products. On the other hand, a few other companies are making tactical
acquisitions to expand their global presence.
Industry
Developments:
Source:
https://www.fortunebusinessinsights.com/industry-reports/potato-starch-market-101789
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