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Global Industrial Starch Market by Product (Acid Modified, Unmodified, Native, Ethylated, Cationic), by Source (Potato, Wheat, Cassava, Corn) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: DN-72568
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 79
  • No. Of Pages: 203
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  • Pub. Date: 2021-10-21
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Summary of the Report

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.

Source Insights

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.

Product Insights

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.

Application Insights

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.

Regional Insights

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 Share Insights & Key Companies

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:

  • Cargill, Incorporated

  • Archer Daniels Midland Company

  • Ingredion Incorporated

  • Tate & Lyle PLC

  • AGRANA Beteiligungs-AG

  • Grain Processing Corporation

  • Roquette Freres

  • Tereos Group

  • Royal Cosun

  • Altia Industrial

  • Limited Company of Global Bio-chem Technology Group

  • General Starch Limited

  • Eiamheng

  • Cooperatie Koninklijke Avebe U.A.

  • Galam Group

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 Scope

Report AttributesReport Details
Report TitleIndustrial Starch Market Research Report
By ProductAcid Modified, Unmodified, Native, Ethylated, Cationic
By SourcePotato, Wheat, Cassava, Corn
By CompaniesRoyal 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 CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages203
Number of Tables & Figures143
Customization AvailableYes, 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.

Global Industrial Starch Industry Outlook

Global Industrial Starch Market Report Segments:

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:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Industrial Starch Market

Overview of the regional outlook of the Industrial Starch Market:

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.

Industrial Starch Market Overview

Highlights of The Industrial Starch Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Industrial Starch Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Acid Modified

                2. Unmodified

                3. Native

                4. Ethylated

                5. Cationic

        7. By Source:

                1. Potato

                2. Wheat

                3. Cassava

                4. Corn

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Industrial Starch Market Trends

Reasons to Purchase the Industrial Starch Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Starch Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Industrial Starch Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Industrial Starch Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Industrial Starch Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Industrial Starch Market Size & Forecast, 2018-2028 
      4.5.1 Industrial Starch Market Size and Y-o-Y Growth 
      4.5.2 Industrial Starch Market Absolute $ Opportunity 

Chapter 5 Global Industrial Starch Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Industrial Starch Market Size Forecast by Product
      5.2.1 Acid Modified
      5.2.2 Unmodified
      5.2.3 Native
      5.2.4 Ethylated
      5.2.5 Cationic
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Industrial Starch Market Analysis and Forecast by Source
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Source
      6.1.2 Basis Point Share (BPS) Analysis by Source
      6.1.3 Absolute $ Opportunity Assessment by Source
   6.2 Industrial Starch Market Size Forecast by Source
      6.2.1 Potato
      6.2.2 Wheat
      6.2.3 Cassava
      6.2.4 Corn
   6.3 Market Attractiveness Analysis by Source

Chapter 7 Global Industrial Starch Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Industrial Starch Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Industrial Starch Analysis and Forecast
   9.1 Introduction
   9.2 North America Industrial Starch Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Industrial Starch Market Size Forecast by Product
      9.6.1 Acid Modified
      9.6.2 Unmodified
      9.6.3 Native
      9.6.4 Ethylated
      9.6.5 Cationic
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Industrial Starch Market Size Forecast by Source
      9.10.1 Potato
      9.10.2 Wheat
      9.10.3 Cassava
      9.10.4 Corn
   9.11 Basis Point Share (BPS) Analysis by Source 
   9.12 Absolute $ Opportunity Assessment by Source 
   9.13 Market Attractiveness Analysis by Source

Chapter 10 Europe Industrial Starch Analysis and Forecast
   10.1 Introduction
   10.2 Europe Industrial Starch Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Industrial Starch Market Size Forecast by Product
      10.6.1 Acid Modified
      10.6.2 Unmodified
      10.6.3 Native
      10.6.4 Ethylated
      10.6.5 Cationic
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Industrial Starch Market Size Forecast by Source
      10.10.1 Potato
      10.10.2 Wheat
      10.10.3 Cassava
      10.10.4 Corn
   10.11 Basis Point Share (BPS) Analysis by Source 
   10.12 Absolute $ Opportunity Assessment by Source 
   10.13 Market Attractiveness Analysis by Source

Chapter 11 Asia Pacific Industrial Starch Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Industrial Starch Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Industrial Starch Market Size Forecast by Product
      11.6.1 Acid Modified
      11.6.2 Unmodified
      11.6.3 Native
      11.6.4 Ethylated
      11.6.5 Cationic
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Industrial Starch Market Size Forecast by Source
      11.10.1 Potato
      11.10.2 Wheat
      11.10.3 Cassava
      11.10.4 Corn
   11.11 Basis Point Share (BPS) Analysis by Source 
   11.12 Absolute $ Opportunity Assessment by Source 
   11.13 Market Attractiveness Analysis by Source

Chapter 12 Latin America Industrial Starch Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Industrial Starch Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Industrial Starch Market Size Forecast by Product
      12.6.1 Acid Modified
      12.6.2 Unmodified
      12.6.3 Native
      12.6.4 Ethylated
      12.6.5 Cationic
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Industrial Starch Market Size Forecast by Source
      12.10.1 Potato
      12.10.2 Wheat
      12.10.3 Cassava
      12.10.4 Corn
   12.11 Basis Point Share (BPS) Analysis by Source 
   12.12 Absolute $ Opportunity Assessment by Source 
   12.13 Market Attractiveness Analysis by Source

Chapter 13 Middle East & Africa (MEA) Industrial Starch Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Industrial Starch Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Industrial Starch Market Size Forecast by Product
      13.6.1 Acid Modified
      13.6.2 Unmodified
      13.6.3 Native
      13.6.4 Ethylated
      13.6.5 Cationic
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Industrial Starch Market Size Forecast by Source
      13.10.1 Potato
      13.10.2 Wheat
      13.10.3 Cassava
      13.10.4 Corn
   13.11 Basis Point Share (BPS) Analysis by Source 
   13.12 Absolute $ Opportunity Assessment by Source 
   13.13 Market Attractiveness Analysis by Source

Chapter 14 Competition Landscape 
   14.1 Industrial Starch Market: Competitive Dashboard
   14.2 Global Industrial Starch Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Royal Cosun
      14.3.2 Roquette Fr¨res
      14.3.3 Galam Group
      14.3.4 General Starch Limited
      14.3.5 Ingredion Incorporated
      14.3.6 Tate & Lyle PLC
      14.3.7 Grain Processing Corporation
      14.3.8 Archer Daniels Midland Company
      14.3.9 Tereos Group
      14.3.10 Altia Industrial
      14.3.11 Global Bio-chem Technology Group Company Limited
      14.3.12 Co¶peratie Koninklijke Avebe UA
      14.3.13 Eiamheng
      14.3.14 Cargill Incorporated
      14.3.15 AGRANA Beteiligungs-AG
Segments Covered in the Report
The global Industrial Starch market has been segmented based on

By Product
  • Acid Modified
  • Unmodified
  • Native
  • Ethylated
  • Cationic
By Source
  • Potato
  • Wheat
  • Cassava
  • Corn
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 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

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