Global industrial starch market was valued at USD 97.5 billion in 2020. It is projected to grow at 7.0% compound annual growth rate (CAGR), between 2020 and 2028. High demand is expected to be generated by the increasing use of industrial starch in thickening, stabilizing and gelling agents, binders, diluents and excipients over the forecast period. Industrial starch demand will likely be driven by the growth in the food and beverages industry. This product is used to make convenience, frozen, and packaged food products. This product is used to make frozen, packaged, and convenience food products.
Starch can be made from a variety of sources including wheat, potato and corn. The United States is the world's largest corn exporter and producer as of 2020. A combination of the abundant supply of raw materials and the established manufacturing sector will be key factors in U.S. industry growth.
The booming food and beverage industry, particularly in emerging countries like India and China has led to an increase in the number of buyers for industrial starch in these markets. The key factors that influence the decision of the buyer are likely to be cost competitiveness and product quality. High buyer power has been achieved due to low switching costs and the presence in many countries of manufacturers.
To gain market share, industry players have focused on different strategies, including mergers, expansions and product development. Cargill, Incorporated introduced SimPure label-friendly tapioca in March 2021. SimPure products used potato- and corn-based starches. Tapioca starch has a soft texture and strong water-binding capabilities. It also provides cold-storage stability.
Alternatives such as alginates and guar gum, gum Arabic and agar will be challenging the market. These products are used in various industries. The industry will benefit from the large potential for product penetration in the constantly evolving food and beverage sector.
In terms of revenue, the largest market share was held by corn at over 76.0%. Corn starch, a carbohydrate that is extracted from the corn seeds' endosperm, can be described as a carbohydrate. Corn starch has a gluten-free formula and is rapidly gaining popularity on the market. It's a great source of energy, and it prevents hypoglycemia nocturnal.
The paper industry uses wheat starch as an adhesive to cover surfaces and make corrugated boards. It's also used in laundry sizing and cotton finishing, where it helps to provide a great finish. Wheat starch is similar in texture, strength, clarity, and consistency to corn starch. Wheat starch is less thickening than corn starch, however.
Cassava starch can be used to water-bind and texturize food products and achieve the desired viscosity. Cassava starch is ideal for many food applications due to its high viscosity and binding properties as well as its water-holding capabilities. Cassava flour is also used in the textile industry to make cloth wrapping and for finishing.
Because potato starch is gluten free, it is widely used in baking products as an alternative to flour. This is due to an increasing number of health-conscious customers choosing gluten-free, chemical free, and additive-free products. Starch can also be extracted from peas, barley, and rice. Due to its positive characteristics such as a neutral taste, white color and creamy texture, rice starch is seeing increased demand.
The largest revenue share was held by native starch, starch derivatives, and sweeteners at over 60.0% in 2020. Native starches are the original starch form. These starches are used extensively in the formulation of food, pharmaceuticals, as well as other industrial products. You can modify the properties of native starch to suit different applications using acid or other chemical treatments at specific temperatures. Starch derivatives are made from modified starch. There are three types of starch derivatives: white dextrins (or British gums), which are used in the food industry to thicken, gelling agents and stabilizers.
In the paper industry, cationic starch has been used. The paper's internal strength is increased by the ability of cationic starch, to bond the cellulose fibres together. Due to their fiber retention and high strength, recycled paper stock is increasingly being used in paper manufacturing.
To improve sheet strength, stiffness, surface characteristics, and thickness, ethylated, acid-modified, and oxidized starsch are all used in size presses, tubs, and calendars. It is used to make corrugated boards, coated and sized papers, paperboards, adhesives and other food processing products such as salad dressings, beers and canned foods.
Food and beverages accounted for more than 55.0% of the total revenue in 2020. It is expected to experience strong growth between 2020 and 2028. Market growth is expected to be positive due to the increasing use of industrial starch within the bakery and confectionery sectors. This segment is expected to grow due to the growing demand for food and beverages on-the-go from the working and young population.
Because of their stabilizing and binding properties, industrial starches are often used in animal feed, aquaculture feed and pet food products. They can be used in compound feed as functional binders and milk substitutes to modify pellet characteristics such as hardness and strength.
Starch's biodegradability and biocompatibility as well as its gel-forming abilities have led to increased use in the pharmaceutical industry. Starch-based polymers are being widely used in tissue engineering as an alternative to ceramics and metals, which is fueling the market.
They are used in a variety of end-use applications, including paper, boards, textiles and organic chemicals. These starches are used to increase the strength of paper, and as adhesives to bond layers of corrugated board. The role of industrial starches is crucial in the mixing, printing and finishing phases for the textile industry. The market is expected to grow due to the increasing use of starches in the end-use sectors.
North America was the dominant market, with a greater than 45.0% revenue share in 2020. There are many multinational food processing and manufacturing companies in the region, which has led to an increase in demand for industrial starch. Farm Credit Canada (FCC) reports that food and beverage sales increased by 3.5% annually to USD 122.9 million in 2020. With the rise of these application industries, Canada's product demand is expected to grow significantly.
Asia Pacific will record the highest revenue-based CAGR between 2020 and 2028 due to the strong growth of the regional manufacturing sector. Many pharmaceutical companies, such as Kalbe's Pharma and Hyphen's Pharma, are present in India, including Serum Institute of India Private Limited. The product demand will be supported by Ltd. Due to its biocompatibility, gel-forming ability and biocompatibility, industrial starch is used for the production of capsules and tablets.
Europe was the second largest regional market by value in 2020. In the next few years, the market will be driven by the expanding use of industrial starch, particularly in convenience foods. AGRANA Beteiligungs-AG announced in November 2019 that it would expand wheat starch production at Pischelsdorf in Lower Austria. This is because wheat starch is increasingly used in the production and baking of noodles and other bakery products.
The presence of many manufacturers of dairy products, confectionery, and bakery products in Germany made it the biggest consumer of food and beverage in Europe, according to the European Commission. According to the Food & Drink Federation in the United Kingdom, food and beverages was the largest manufacturing sector, contributing more than USD 30 billion to the economy. Market growth will be aided by the expansion of the European food and beverage industries.
Market players are increasingly attempting to provide differentiated products, which has made the industry highly competitive. Market players are increasingly being driven to produce high-quality food-grade starch products by the booming food and beverage sector and the growing demand for thickeners and sizing agents, binding and binding agents, as well as texture enhancers.
Ingredion, Cargill Inc. and Archer Daniels Midland Company are just a few of the key players in the production and distribution worldwide of industrial starch. Companies such as Cargill Inc. can be integrated into three segments of the value-chain. Many of these companies do not produce vegetables or fruits that can be used to make modified starches or native starches. This reduces dependence on raw material suppliers.
The key players are involved in implementing growth strategies, such as product launches and acquisitions, distribution partnerships, and distribution partnerships. Ingredion Incorporated, for example, launched PURITY P 1002, which is a pea-starch, to expand its plant-based portfolio. This product offers improved texture for applications such as plant-based cheese, gelatin-free confectionery, and gluten-free baked goods. The following are some of the major players in the global industrial-starch market:
Archer Daniels Midland Company
Tate & Lyle PLC
Grain Processing Corporation
Limited Company of Global Bio-chem Technology Group
General Starch Limited
Cooperatie Koninklijke Avebe U.A.
Up Market Research published a new report titled “Industrial Starch Market research report which is segmented by Product (Acid Modified, Unmodified, Native, Ethylated, Cationic), by Source (Potato, Wheat, Cassava, Corn), By Players/Companies Royal Cosun, Roquette Fr¨res, Galam Group, General Starch Limited, Ingredion Incorporated, Tate & Lyle PLC, Grain Processing Corporation, Archer Daniels Midland Company, Tereos Group, Altia Industrial, Global Bio-chem Technology Group Company Limited, Co¶peratie Koninklijke Avebe UA, Eiamheng, Cargill Incorporated, AGRANA Beteiligungs-AG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Industrial Starch Market Research Report|
|By Product||Acid Modified, Unmodified, Native, Ethylated, Cationic|
|By Source||Potato, Wheat, Cassava, Corn|
|By Companies||Royal Cosun, Roquette Fr¨res, Galam Group, General Starch Limited, Ingredion Incorporated, Tate & Lyle PLC, Grain Processing Corporation, Archer Daniels Midland Company, Tereos Group, Altia Industrial, Global Bio-chem Technology Group Company Limited, Co¶peratie Koninklijke Avebe UA, Eiamheng, Cargill Incorporated, AGRANA Beteiligungs-AG|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||203|
|Number of Tables & Figures||143|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Acid Modified, Unmodified, Native, Ethylated, Cationic), by Source (Potato, Wheat, Cassava, Corn).
Industrial Starch Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Industrial Starch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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