Argentina Potato Starch Market Outlook

argentina is a major producer and consumer of potato starch, making up a substantial part of the global potato starch market. the demand for potato starch is expected to continue to increase in the upcoming years due to its versatility as a food ingredient in both industrial and home applications. by 2032, the demand for potato starch in argentina is forecasted to reach $2.4 billion, a cagr of 6.1% (2018-2032). one of the primary drivers of the argentinian potato starch market is the increasing adoption of convenience foods containing starch ingredients. regulatory changes in the country have allowed for the entry of pre-packaged convenience food, which has been well-received by consumers in urban areas. this has encouraged food product manufacturers to further their investment in the production of convenience foods, thus driving the demand for potato starch as an ingredient. the growing population of argentina is another driver of the potato starch industry. increased population and the resulting demand for convenience foods is likely to fuel the market growth. additionally, research and development activities within the argentinian potato starch market have been increasing over the years, which has enabled improved product quality and thereby increased the penetration of starch in the end-use applications. the demand for starches in the argentinian market is also supplemented by the increasing industrial production of various food products across the country. the presence of various major food product manufacturers in argentina has allowed for the increased adoption of potato starch as an ingredient in industrial applications. furthermore, government initiatives to reduce the consumption of unhealthy ingredients in food products has opened up opportunities for the substitution of other ingredients with potato-based ingredients including potato starch. increasing consumer awareness of the health benefits of consuming natural ingredients is likely to further expand the scope of using potato-based ingredients in food products. overall, the demand for potato starch in argentina is expected to remain strong in the coming years due to its versatility as an ingredient, growing population, and the increasing number of convenience foods available on the market. government initiatives to reduce the quantity of unhealthy ingredients in food products is set to further drive the demand for potato starch in argentina in the upcoming years.