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Global pharmaceutical market demand is poised to surpass USD 365 billion by 2024. Native potato starch is widely used in pharmaceutical operations, such as tableting, capsule filling and granulation. The product is utilized as filler or diluent which offers essential application on final product properties including tablet strength, disintegration and drug dissolution which may fuel potato starch market demand. Major challenges for the potato starch market is price fluctuations of agricultural products owing to irregularities in climate which affect the yield due to uneven rainfall patterns. Reduction in rainfall also affect cultivation resulting in variation in input and output prices. Fluctuations in the cost of chemicals and fertilizers act as restrains to the market growth. Europe potato starch market demand, driven by Germany, UK, France and Italy is likely to witness a significant growth over the projected timeframe. Favorable government legislation with increasing pharmaceutical companies with growing health concerns should drive the regional industry growth. North America led by, the U.S., Canada and Mexico potato starch market demand should accelerate with significant gains by 2024. Rising demand for convenience food products and various functionalities of the product in food owing to its thickening property, good texture and taste and in non-food products for binding and texturing is likely to propel the potato starch market demand. Browse Full Report Details @ https://www.gminsights.com/industry-analysis/potato-starch-market Asia Pacific potato starch market demand led by, China and India is likely to witness significant gains up to 2024.
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