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.
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- 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.
Global Potato Starch market – By End Use
- Food Industry
- Textile Industry
- Paper Industry
- Personal Care
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Global Potato Starch market – By Region
- North America
- Latin America