U.S. Potato Starch Market Outlook (2018 to 2032)
The above chart is U.S. Potato Starch Market Outlook (2018 to 2032)
the united states is a major consumer and producer of potatoes and their products, including potato starch. with the ever-increasing demand for convenience food products that contain high-quality potato starch, the market for this particular derivative of the tuber is expected to boom in the coming years. the market for potato starch in the united states is estimated to grow at a compound annual growth rate (cagr) of 4.9% from 2018 to 2032. this growth is driven by various factors, such as the increasing demand from the food and beverage industry, health consciousness, and considerable expansion of convenience food products that contain potato starch. the use of potato starch is popular in various sectors, including processed food, pharmaceuticals, and nutrition. this surge in demand is likely to raise the domestic cultivation of potatoes, which will in turn increase the production of potato starch. moreover, scientific advancements in producing potato starch from alternative sources, such as cassava and sunflower, will also add to the rise in demand. demand for potato starch is expected to be particularly high from the food and beverage industry, as it has been widely used as a binder and thickener in a variety of products. the rising demand for convenience food products containing potato starch, including baked goods, snacks, and frozen food products, will also contribute to the growth of the potato starch market in the u.s. overall, the future of the u.s. potato starch market looks quite promising. with an estimated compound annual growth rate of 4.9%, growing demand from the food and beverage industry, and scientific advancements to produce the commodity from alternative sources, the market is expected to witness a considerable growth in the next couple of years. as demand is likely to remain solid in the near future, it is anticipated that industry participants will benefit from the increased sales of the product.
