The Global Potato Starch Market to Expand to USD6.3bn by 2030
The global market for potato starch, which was previously anticipated to be worth USD4.1bn in 2022 but is now expected to expand to USD6.3bn by 2030 at a CAGR of 5.4%, under the new post-COVID-19 economic environment.
One of the segments examined in the report is anticipated to grow at a 5.2% CAGR and reach USD5.2bn by the conclusion of the analysis period, according to an updated Reportlinker report. With the current post-pandemic recovery taken into consideration, the Native segment’s growth is readjusted to a revised 6.7% CAGR for the following eight years.
According to the analysis, the market for potato starch in the U.S. is anticipated to grow to USD1.1bn by 2022. China, the second-largest economy in the world, is anticipated to reach a projected market size of USD1.3bn by the year 2030, growing at a CAGR of 8.5% from 2022 to 2030.
“Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR,” the report summed up.
