According
to the latest market report published by Transparency Market Research
titled “Potato Starch Market’: Global Industry Analysis and
Forecast 2018-2026”, the revenue generated from potato starch
market has been estimated to be valued over US$ 5,000 Mn by 2018 end,
which is projected to increase at a CAGR of 4.6% during the forecast
period (2018-2026).
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The
global textile industry is expected to witness significant growth
during the forecast period, especially in emerging markets such as
China and India. This, in turn, is expected to increase the
consumption of potato starch, primarily for textile sizing, and make
a profound positive impact on the growth of the market. Moreover,
potato starch, being relatively cost-effective when compared to other
alternatives, is anticipated to continue gaining higher traction in
coming years.
One
of the major challenges for the potato starch market is the price
volatility of crop due to climatic changes. Irregularities in climate
and seasonal variations affect crops due to critical and uneven
rainfall patterns. Reduction in rainfall also adversely affects
agricultural yields in many regions, which results in variations in
input as well as output prices. There have been variations in the
cost of energy, chemicals, and fertilizers. These fluctuations lead
to a volatility in the prices of crops. Increased volatility is the
structural issue for which players must find operational responses to
secure margins in the long term.
- By type, the global potato starch market is segmented as modified and native.
- By nature, the market is segmented into organic and conventional.
- Based on the end-use, the potato market is segmented into food industry, textile industry, paper industry, pharmaceuticals, personal care and others.
- On the basis of distribution channel, the market is classified as direct and indirect. The indirect channel segment is further divided into store-based retailing and online retailing.
By
region, the market in Europe is anticipated to dominate the global
potato starch market both in terms of value and volume in
2018. North America is expected to gain a significant market share in
revenue terms by 2026 end. This trend is attributed to the consumer
dependence on Potato Starch as demand for convenience food is growing
in this regions. Moreover, BENELUX is projected to exhibit
significant CAGR in terms of value during the forecast period. Some
of the major companies operating in the global Potato Starch market
are Emsland Group, Cargill, Inc. , SÜDSTÄRKE GMBH, PEPEES Group,
Ingredion, Novidon, Avebe, AGRANA Beteiligungs-AG,Tereos, AKV
Langholt, Finnamyl Ltd, Roquette, Škrobárny Pelh?imov ,Manitoba
Starch, Vimal PPCE, ALOJA-STARKELSEN ,Lyckeby, PPZ Trzemeszno Sp.,
Siddharth Starch Pvt. Ltd.
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