The Global Potato Starch Market to Develop a CAGR of 2.66% from 2023 to 2028
The size of the global potato starch market was 4.1m tons in 2022, according to the recently published study “Potato Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group. The market is anticipated to develop at a compound annual growth rate (CAGR) of 2.66% from 2023 to 2028, when it will reach 4.8m tons, according to the business.
The expanding vegan and health-conscious populace is the main driver of the worldwide potato starch industry. A favorable outlook for the market is also being created by the ready availability of raw materials for production processes and the booming product application in the processed meat industry to produce goods like bologna, frankfurters, hamburgers, and meatloaves.
In addition, increasing product use in the paper and chemical industries due to their adhesive and solubility capabilities, as well as the simplicity of product availability in online retail outlets, are fueling the market’s expansion. Accordingly, major market players are launching new product variations with specialized enzymes and organic materials to broaden their consumer base, which is improving the market outlook.
