The global potato starch market is experiencing a significant growth, and is expected to grow considerably in next few years. Potato starch is in a powder form extracted from potatoes by crushing them to release starch grains from the destroyed cells, subsequently washed out, and dried to powder. Potato starch is clear white in color, as it is a refined starch, containing minimal proteins or fats. It is soft, tasteless, and odorless powder, which make it a unique substance with multiple uses in various industry verticals such as food, paper, and pharmaceutical.
COVID-19 scenario analysis
The outbreak of coronavirus has spread all over the world has disrupted the global economy by halting the operations of industries. Most of the countries are adopting lockdown measures to control the spread of the virus and securing public health. All business and production activities are completely halted except the essential services such as food and medical sectors, leading toward economic crisis. Manufacturing and production have ceased their operation, which has led to decline in businesses. Inactive trade and transportation have disrupted the supply chain.
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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Consumers prefer more food products which save their time and efforts, including ready-to-mix and ready-to-eat food products such as dessert mixes and baked goods, which drives the potato starch market growth. Potato starch is used as a complimentary ingredient in many recipes for its thickening, tasteless, and odorless properties, which increase its demand. It is a multi-purpose product that has wide range of uses, including its health benefits of absorbing toxic and carcinogenic compounds, regulates blood sugar levels, and absorption of several minerals such as magnesium and calcium, which will lead to the more use by consumers in their food recipes.
Key benefits of the report
This study presents the analytical depiction of the global potato starch industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global potato starch market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global potato starch market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
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