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 versatile biomaterial used worldwide for different purposes in various industrial and food & beverages sectors. Its versatility in different industrial applications is largely defined by its physicochemical properties and functionality. Native starch has limited functionality. Consequently, it is required to modify starch properties to provide better-quality application suitability and functionality.
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China is one of the world’s largest producers of potatoes across the globe and is largely consumed directly. 15%–20% of the potatoes are processed to form starch, dehydrated chips, and frozen French fries. The proportion of processed potatoes is considerably low in China and thus it imports large quantity of potato starch from Europe. One of the primary reasons for low potato starch processing across China is outdated processing technology, low level of internationalization, and low degree of automation. Measures are being undertaken to boost the potato starch industry in China, recently in February 2019, the Chinese Minister of Commerce (MOFCOM) published its decision to extend its anti-dumping duties on exports of EU potato starch for another five years from September 2017.
Potato starch and its derivatives have special properties, such as a low gelatinization temperature and a high paste consistency. Potato starch is preferred in the food industry because its paste has a good clarity (due to a small number of lipids and protein) and a neutral flavor. Potato starch is more commonly used in Europe, where it represents 20% of the starch produced than in North America. In the US, potato starch is primarily used in canned soups and in blends where its thickening power is exploited, especially for filling viscosity. It is also used as a base for gelling agents in confections, thickeners in products such as pastry and pie fillings, and in instant puddings.
Nowadays, there is huge utilization of starch as a renewable resource in the production of ethanol and plastics. It has been found that starch constitutes a rich resource of fermentable sugars to produce fuel ethanol. Potato is the sustainable source of starch, which is the key raw material to produce biodegradable plastic due to its huge cultivation worldwide. India is the second-largest producer of potatoes with a production.
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In 2021, North America accounted for a market share of 10.48% in the global potato starch market. The North American potato starch market is completely driven by the US market. The US potato starch industry has witnessed technological advancement, which has increased its usage in various industries. In the US, potato starch is primarily used in canned soups and in blends where its thickening power is exploited, especially for fill viscosity. It is also used as a base for gelling agents in confections, for thickeners in products such as pastry and pie fillings, and in instant puddings. The growing trend of ready-to-eat meals and processed food is also driving the potato starch market in the region. Potato starch is frequently used in food applications due to its functional properties.
The key players in this market include Tate & Lyle (UK), Emsland (Germany), Ingredion Incorporated (US), and Avebe (Netherlands).
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