Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 55.6282600000001 USD Million |
| 2019 | 64.467846865339 USD Million |
| 2020 | 60.7055619463211 USD Million |
| 2021 | 61.8560118268031 USD Million |
| 2022 | 63.0934051149706 USD Million |
| 2023 | 64.7536125717635 USD Million |
| 2024 | 66.8325170953538 USD Million |
| 2025 | 69.3780115010412 USD Million |
| 2026 | 72.2308423972783 USD Million |
| 2027 | 75.511753054067 USD Million |
| 2028 | 78.9952226711054 USD Million |
| 2029 | 82.6012300913972 USD Million |
| 2030 | 86.2737271235799 USD Million |
| 2031 | 89.9618718723871 USD Million |
| 2032 | 93.8076823688287 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The Israel Potato Starch Market is expected to witness healthy growth in coming years. Increasing demand for potato starch in various applications such as glucose syrups, baking, and confectionery products, dairy products, frozen food and beverages are expected to drive market growth during the forecast period 2018-2032. The rise of global health consciousness among consumers has generated significant demand for high-nutrition, natural food ingredients like potato starch. Potatoes are a natural source of dietary fiber, minerals, vitamins, as well as several health-promoting compounds which make them increasingly appealing to today’s health-conscious consumers. The rapidly-growing food and beverage industry in Israel is expected to drive the growth of the potato starch market in the near future. The rise in demand for convenience foods such as ready-to-eat meals, snacks, and frozen desserts is likely to be a major factor in providing further impetus to the industry. Besides, the increasing application base of potato starches such as in gluten-free breads, baby foods, health food, etc., is expected to fuel the demand for potato starch further. Moreover, the emerging trend of utilizing potato starch for production of lactose-free dairy products is likely to drive the potato starch market in near future.
Israel's potato starch market is projected to exhibit a moderate growth over the forecast period of 2018-2032. The market is expected to register a CAGR of around 3.5% during the same period due to growing demand from the food and beverage industry. Furthermore, the Government of Israel's efforts to boost research and development activities to expand the potential application base of potato starch in various industries is likely to drive the growth of the potato starch market in the near future. Moreover, rising consumer preference for natural and organic food ingredients is likely to provide further impetus to the growth of the market. In conclusion, the growing demand for high-nutrition, natural food ingredients along with the increasing application base of potato starches are expected to be the prime growth driving factors for the potato starch market in Israel in the forecast period.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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