(Food-Beverage-News.Com, October 27, 2020 ) Starch is extracted from surplus potato, cull potatoes, as well as waste from potato processing. In recent years, the trend of organic product, ready to eat food and rising consumption of convenience food across the globe one of the most important factors propelling the growth in potato starch market. The rising global disposable per capita income and increasing middle-class populations are an impetus to grow this market. China, India, Russia, the United States and Europe were the significant potatoes growers in 2019. As per Renub Research, Global Potato Starch Market is expected to exceed US$ 9.6 Billion by 2026.
Sweetener (Starch Sugars) dominates the global Potato starch market share, accounting for more than one third and rest are captured by modified starch and native starch in the year 2019. Globally by Industry type, Confectionery & Drinks clearly dominated in the potato starch market worldwide, followed by Processed Food, Corrugating & Paper Making, Feed, Pharmaceuticals & Chemicals, and Non-food.
The Asian market is expected to hold significant market share in the forecast period due to the popularity of ready to cook products and the rising interest in trying western cuisines. Europe drives the global Potato starch market. Europe is followed by Asia-Pacific, Americas and Rest of the world in the global Potato starch market share for the same year.
Jan 2018, Cargill and AKV Langholt AmbA together invested more than US$ 22.5 Million in newly potato starch production unit in Denmark. In 2019, Global giant Ingredion acquired Western Polymer.
Renub Research report titled “Potato Starch Market, Volume & Global Forecast, by Products (Modified Starch, Native Starch, Sweeteners), Region (Europe, Americas, Asia Pacific, ROW) Applications (Processed Food, Confectionery & Drinks, Feed, Corrugating & Paper Making, Pharmaceuticals & Chemicals, Non-food) Companies (Cargill, Ingredion, Archer Daniels Midland Company & Tate & Lyle)” studies the global Potato Starch Market and Volume.
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