Global Potato Starch Market size was valued at USD 4.80 Bn in 2023 and is expected to reach USD 6.36 Bn by 2030, at a CAGR of 4.1%.
Potato starch is a multipurpose, odorless, tasteless powder made from potato plant cells. Potato starch has a very good digestibility and high binding capacity leading to very high demand growth. Potato Starch Market is growing at a very stable rate in 2024-2030, inspired by the ever-increasing consumer preference for gluten-free food products along with various applications across industries.
Analyze historical and present market dynamics and also formulate future growth potentials. Major player’s overview, along with major market strategies, targets, and offerings. Get insights from the principal research such as expert interviews and secondary research based on academic journals, company disclosures and government statistics. Category lets you use market analysis tools like SWOT analysis, Porters Five Forces and PESTEL analysis to indicate market drivers, impediments and opportunities.
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Leading Companies in the Potato Starch Market
Emsland Group - Operating out of Germany, Emsland Group specializes in the production of potato starch and its derivatives, catering to the needs of sectors such as food, textiles, and adhesives. This is where global market potentials strived paved due through the company's commitment towards innovations and sustainabilities.
Cargill Inc.- headquartered multinational, Cargill is one of the major players in the potato starch market with a range of food ingredient solutions. It achieves the market share due touse of the company's extensive global network and emphasis on research and development.
Ingredion Incorporated: Another U.S.-based company focused on ingredient solutions, including various starch products. Years of acquisitions of more niche speciality ingredients have strengthened the company's potato starch position.
Roquette Frères: Known for its plant-based ingredients, French company Roquette Frères also produces potato starch. Roquette maintains a strong position in the industry through its commitment to sustainable development and innovation.
KMC: With roots in Denmark, KMC is a cooperative that is owned by Danish potato growers. It is a company that produces potato-based ingredients for the world food industry while focusing on quality and sustainability.
Recent Mergers & Acquisitions
Western Polymer Acquisition of Ingredion: In March 2019, Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, announced its acquisition of Western Polymer Company, a U.S.-based producer of native and modified potato starches for food and industrial applications. This also increases Ingredion's manufacturing capabilities as well as bolsters its specialty ingredients portfolio.
AKV Langholt AmbA has acquired Cargill's share in their joint venture and fully occupied the production and sale of cationic potato starches on the world paper industry.
Recent Market Developments
Strategic Partnership Between Brenntag Specialties and Royal Avebe: In June 2023, Brenntag Specialties forged a strategic alliance with Royal Avebe, a leading manufacturer of potato starch. The cooperation intends to serve the nutrition field by bringing together Brenntag's distribution experience and Royal Avebe's production expertise.
New Investments and Funding
HyFun Foods to Invest in Three Potato Plants in Gujarat: Freeze Foods, Advanced manufacturer of frozen potato products, plans to invest Rs 850 crore in Gujarat to set up three new potato processing plants by March 2024. The expansion forms part of the company's goal of attaining ₹5,000 crore in annual revenue by 2028.
Potato starch market remains dynamic, with leading players undertaking strategic initiatives to strengthen their market presence. The sector is predicted to continue its growth trajectory as investments, partnerships, and acquisitions continue.
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