Potato Starch Market Competitive Landscape: Growth Drivers, Revenue Analysis by 2030
The Global Potato Starch Market size was valued at USD 3.49 billion in 2023 and is estimated to grow at a CAGR of around 3.1% during the forecast period, i.e., 2024-30.
According to the latest market research report title “Potato Starch Market By Nature (Organic, Conventional), By Type (Native, Modified), By End User (Food & Beverages, (Bakery & Confectionery Products, Processed Foods Beverages, Others (Ready to Eat Foods, Noodles, etc.)), Feed, Industrial, (Paper Pharmaceuticals, Cosmetics, Biodegradable Plastic, Others)), and Others–Forecast to 2030″, published by MarkNtel Advisors, The Global Potato Starch Market size was valued at USD 3.49 billion in 2023 and is estimated to grow at a CAGR of around 3.1% during the forecast period, i.e., 2024-30.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Potato Starch Market Challenge:
High Threat of Substitution from Other Starch Alternatives to Impede Market Growth – The surging adoption of alternative starches like tapioca, corn, and rice starches across various industries is leading to the less adoption of potato starch. The wide availability and lower cost associated with alternative starch sources, such as tapioca and corn, driven by more established supply chains, propel their adoption among consumers. Additionally, tapioca starch, owing to its superior clarity and neutral flavor, is preferred in certain food applications like gluten-free baking and Asian cuisine, further impeding the adoption of potato starch among food & beverage manufacturers.
Furthermore, the increasing diversification of starch sources enabling manufacturers to cater to specific formulation requirements and consumer preferences is impacting the demand for potato starch. Thus, owing to the easy availability and widespread adoption of other starch products such as tapioca, rice, corn, etc., among end-user industries is suppressing the adoption of potato starch, impeding the growth of the Global Potato Starch Market.
Potato Starch Market Segmentation
The Potato Starch Market is highly robust and fragmented into numerous segments;
By Nature
-Organic- Market Size & Forecast 2019-2030F, (Tons)
-Conventional- Market Size & Forecast 2019-2030F, (Tons)
By Type
-Native- Market Size & Forecast 2019-2030F, (Tons)
-Modified- Market Size & Forecast 2019-2030F, (Tons)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the Potato Starch Market: –
Radchen USA Inc
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Royal Ingredients Group
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Susdtarke GmbH
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the Potato Starch Market during the forecast period?
- Which segment is expected to lead the Potato Starch Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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