The global starch recovery systems market size is expected to reach US$ 457 Mn by the end of 2029. According to the report, the growth of the market is driven by the demand for eco-efficient equipment for potato processing. The key drivers of the market are the growing potato processing industry and the R&D investments in processing operations. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the starch recovery systems market. Some of these are:
- The estimated value of the market was at US$ 265 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- The hydrocyclones and centrifuges segment is estimated to lead the market with the largest share.
- The rising demand for processed potato products has resulted in the growth of potato processing plants; this demand is driving the market for starch recovery systems.
- APAC is projected to dominate the market during the forecast period.
- The growing population, the increasing disposable income, and the rising demand for processed and convenience food products are expected to drive the market growth in APAC.
- Some of the factors restraining the growth of the market include the stringent environmental & governmental regulations and the use of alternate technologies for starch recovery due to the high cost.
- In terms of plant size, the small scale plants will hold dominance in the market through the course of the forecast period.
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“The growing need for the eco-efficiency manufacturing process in the food processing industry is expected to have a robust impact in the starch recovery systems market. Evolving high yielding equipment with a low operating cost in the food processing industry is anticipated to generate untapped opportunity for the market participants,” said a lead analyst at FMI.
Despite High Demand, Change in Buying Decisions Due to COVID-19 Outbreak will Impact Growth
The starch recovery systems market does not yet seem to be benefiting from the situation happening over this pandemic. Market traders feel negatively disadvantaged now that many public markets have been closed. Growers who are missing out on sales are coming up with creative solutions, like drive-ins for the sale of their products. Also, more people than ever before in the starch recovery systems market are working from home. In general, businesses feel supported by the package of support measures that the government has announced. Rising population along with growing economic standards has led to increase in food service spending. However, contrary to aforementioned predictions, the market may be heading towards tough waters.
Who is Winning?
The key players in the market include GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), Larsson Sweden (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), and Hiller GmbH Germany). Large-scale potato manufacturers are preferring hydrocyclones and centrifuges to recover starch due to their multifunctionality. Potato processing up-gradation with eco-efficiency is encouraging the adoption of starch recovery systems, persuading the demand for hydrocyclones and centrifuges.
Get Valuable Insights into Starch Recovery Systems Market
Future Market Insights, in its new report, presents an unbiased analysis of the global starch recovery systems market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. The global starch recovery systems market is segmented on the basis of component, application and plant size. Based on component, the market is segmented into refining sieves, hydrocyclones & centrifuges, vacuum filters, screw conveyors, filling stations and others. On the basis of the application the market is segmented into frozen products, chips & snack pellets, dehydrated products and others. On the basis of the plant size the market is segmented into large, medium and small. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
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Report Scope
- Base year considered – 2019
- Actual estimates/Historical data – 2014 – 2018
- Forecast period – 2019 – 2029
- Market Value in 2019 – US$ 265 Mn
- Segments covered – Plant Size, Application, Components and Region
- Regions covered – North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
- Key Players – GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), Larsson Sweden (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), and Hiller GmbH Germany)
- Growth Drivers
- Thriving potato processing activities.
- Escalating consumption of snack food items.
- Rising environmental concerns