China Potato Starch Market Outlook

china is one of the leading producers and consumers of potato starch, and the market outlook for 2018 to 2032 is promising. in 2017, china’s output volume of potato starch was 6.3 million tonnes, and with a compound annual growth rate of 2.6 percent, it is expected to reach 10.5 million tonnes by 2030. these increased output volumes are created through enhanced productivity and expanding acreage of potatoes in the country. at the same time, the demand is growing on the back of the industrialization of starch products in the chinese food industry. moreover, an increase in urbanization and rising incomes of the middle-class population is expected to drive the continued growth of demand for potato starch. growing demand for convenience foods, manufacturing of bakery and confectionery products, canning, brewing, pill manufacturing, and dairy products, are expected to drive the demand for potato starch in the coming years. in addition, the introduction of innovative products using potato starch is expected to create additional demand. the development of food safety and quality standards, improved packaging techniques, and the increasing availability of potato starch via e-commerce have helped the product enhance its market share further. the main producers of potato starch in china include shaanxi baoji potato starch co. ltd., xinyu potato starch co. ltd., and jining tuopu potato starch co. ltd. increasing awareness among consumers about the health benefits of potato starch and its nutritional properties have led to the increasing consumption of potato starch-based products in the market. escalated government efforts towards increasing agricultural productivity, and their focus towards improving the quality of potato starch have created the growth potential of the market. with the development of technology, potato starch-based materials are expected to replace plastic and other traditional materials in coming years. however, factors such as environmental concerns, regulatory issues, and the instability in the prices of raw materials are expected to hamper the growth of china potato starch market. all in all, the industry is sure to remain largely profitable over the forecast period, with a growth potential amongst domestic and international buyers.