Industria: Global modified potato starch market growth driven by organic product demand, technological innovations

This growth is propelled by increasing consumer preference for organic products and the starch’s diverse applications across multiple industries, according to a new report by Data Bridge Market Research.

Enhanced Functionalities Across Industries

Modified potato starch, obtained through physical, chemical, or enzymatic treatments, exhibits improved properties such as enhanced viscosity, heat and acid resistance, and solubility. These attributes make it a valuable component in various sectors:

• Food Industry: Serves as a thickener, stabilizer, and emulsifier in products like sauces, soups, and processed foods.
• Pharmaceuticals: Acts as a binder in solid dosage formulations.
• Cosmetics and Textiles: Utilized for its functional benefits in product formulations.

Organic Segment Leading Market Growth

According to the Data Bridge Market Research report, the organic segment is expected to experience significant growth, driven by a rising consumer inclination towards natural and chemical-free ingredients. This trend reflects a broader shift towards sustainability and health consciousness among consumers.

The surge in food concerns and the awareness regarding the health benefits of organic product across the globe increases the consumer’s inclination towards the organic ingredients in their products. The increasing demand for chemical-free and natural products and ingredients results in an increment in the adoption of organic potato starch across the globe.

Technological Advancements and Market Evolution

The development of modified potato starch has been significantly influenced by technological innovations and a deeper understanding of its functional properties.

Advancements in starch modification technologies have led to the development of products with enhanced functional properties. These innovations have enabled manufacturers to create modified potato starches that are tailored for specific applications.

For example, modified potato starch can be engineered to have higher resistance to heat and acid, making it ideal for use in processed foods that undergo high temperatures or acidic conditions during production. The ability to modify starch to meet precise functional requirements is helping to expand the potential applications of modified potato starch in various industries.

Regional Market Dynamics

• Europe and North America: Currently dominate the market due to established food and beverage industries and a strong demand for clean-label ingredients.
• Asia-Pacific: Poised for rapid growth, supported by a growing population, expanding food sector, and increasing consumer awareness of healthy, natural ingredients.

Recent Developments

• In March 2020, Ingredion Incorporated announced the acquisition of Western Polymer, a producer of native and modified potato starch-based in the United States. The acquisition will increase the Company’s capacity for manufacturing potato starch, improve processing capabilities, and widen its higher-value specialty ingredients business and client base.
• In July 2020, BENEO announced a 50% increase in manufacturing capacity at its Wijgmaal factory. The corporation will invest USD 44.65 million to expand its activities. To meet the increasing demand for its rice starches, the company expanded its operations.

Challenges and Opportunities

The market faces challenges such as raw material price fluctuations, labor shortages, and crop price volatility due to climate changes. However, ongoing product development and innovation in taste and texture by market players are expected to add substantial value to the market.

Source: This analysis is based on a report by Data Bridge Market Research. More information here. News release hereImage: Credit Jon Pallbo, Wikimedia Commons