The global potato starch market is expected to reach US$762.63 million by 2026, growing at a robust 6.2% per annum between 2019 and 2026.
The market size was valued at US$473.06 million in 2018, driven by the growing consumer shift towards sugar-free diets and healthy lifestyles. This trend is expected to continue and will have significant implications for the food and beverage, textile and paper industries.
Market growth and trends
The potato starch market is witnessing significant growth due to the growing demand for sugar-free and healthy food products. As consumers become increasingly aware of the health implications of high sugar consumption, there has been a noticeable shift towards products that use potato starch as a healthier alternative. This has encouraged manufacturers to incorporate potato starch into sugar-free products, fueling market growth.
According to a Fortune Business Insights report, the market was valued at US$473.06 million in 2018 and is projected to reach US$762.63 million by 2026. This growth is primarily due to the rise in consumption of sugar-free products and preferred sweeteners, which are seen as a preventive measure against various health problems.
Regional information
Europe currently leads the market with revenue of US$92.14 million. The region is expected to continue its rapid growth due to strong demand from the food and beverage industry. The trend towards convenience foods in Europe is another contributing factor, as potato starch is often used in these products for its desirable properties such as texture and stability.
Asia Pacific is expected to hold the second largest market share. The region’s thriving textile and paper industries are major consumers of potato starch, and growth in these sectors is expected to further propel the market. Additionally, the region’s large population and rising disposable incomes are driving demand for processed and convenient food products.
Implications for the agricultural sector
For farmers and agricultural professionals, the growing potato starch market offers numerous opportunities. The increased demand for potatoes for starch production means that the need to grow potatoes will increase. Agronomists and agricultural engineers can play a critical role in optimizing potato yields through best farming practices and sustainable practices.
Agricultural scientists can also contribute by developing potato varieties that are high in starch and resistant to disease, which will help grow the industry. In addition, sustainable farming practices will be critical to meet growing demand while protecting the environment.
The global potato starch market is on a promising trajectory with significant growth expected over the next few years. This growth is driven by growing consumer preference for healthy, sugar-free products, as well as growing demand from various industries, especially in Europe and the Asia-Pacific region. For those involved in agriculture, this trend offers exciting opportunities for innovation and expansion of potato growing and processing capabilities.
