Brazil Potato Starch Market Outlook

the potatoes starch market in brazil is projected to reach usd 8.32 billion by 2032 with a compound annual growth rate of 5.5% from 2018 to 2032. this growth rate is positively influenced by the expanding food processing industry in brazil, along with increasing awareness of the nutritious properties of potatoes starch. the major drivers of this growth are the growth in the food and beverage industry and increasing demand from the industrial sector as components for food packaging, coatings, and paint. brazil is one of the world’s leading producers of potatoes starch, and production has increased since 2017, according to the un food and agriculture organization. brazil is now the third largest producer in the world, after china and france. growing demand for potatoes starch in the region has also spurred domestic production at a faster rate than in other countries. increasing awareness regarding the nutritional properties and health benefits of potatoes starch has triggered demand from the food processing sector. this increased demand has seen output rise, signaling a healthy growth in the sector. the growing demand from the industrial sector has also driven up global demand for potatoes starch. in brazil, the industrial sector is making use of potatoes starch to manufacture coatings, paint, and packaging materials. this is anticipated to provide a further boost to the potatoes starch market in the coming years. moreover, the brazilian government is introducing several initiatives to promote sustainable agriculture. this has encouraged farmers to switch to modern cultivation practices, which has enabled them to produce more potatoes starch. this is expected to help the country’s potatoes starch market grow in the foreseeable future. along with the growing demand, regional initiatives to encourage organic production of potatoes starch will also lend a helping hand in the potatoes starch market’s growth in brazil. with better supply of quality potatoes starch, the processed food industry in the country is anticipated to flourish. therefore, the potatoes starch market in brazil is expected to see a sustained growth rate in the coming years and by 2032, it is projected to reach usd 8.32 billion with a cagr of 5.5%.