Sweden Potato Starch Market Outlook

Synopsis
The above chart is Sweden Potato Starch Market Outlook (2018 to 2032)

Market Dynamics

the sweden potato starch market is projected to experience a steady growth in the coming years. with rising global interests in vegan and vegetarian proteins, there is an increased need for potato starch in different foods, medicines, and cosmetics. the demand for potato starch is expected to remain strong amid rising health consciousness and the increasing use of natural ingredients. in the near future, growth in the sweden potato starch market will be driven by many factors such as increasing consumption of packaged and convenience food items, growth in the food processing industry, and rising use of potato starch as a natural binding agent in various products. the total value of the potato starch market in sweden is estimated to be around us$269 million in 2018 and is expected to reach us$380 million by 2032, at a cagr of 3.1%. the food processing industry is the industrial sector that consumes a major portion of potato starch and is estimated to account for more than 70.0% of the total demand for potato starch in sweden. the growth in the food processing industry is expected to be the most important factor that will drive the sweden potato starch market in the coming years. the sweden potato starch market is expected to witness an overall positive outlook between 2018 to 2032, as the demand is mainly driven by the food processing industry. moreover, rising prevalence of various allergies and health consciousness among people are factors which are expected to contribute towards the growth of the market. increasing demand for vegan and vegetarian products is also expected to create opportunities for producers of potato starch. though the outlook is overwhelmingly positive, the market is expected to remain highly fragmented due to the presence of several small and medium sized players in the market. growing competition and rise in production cost due to government regulations are expected to be the major challenges for the sweden potato starch market.