Dublin, Dec. 27, 2022 (GLOBE NEWSWIRE) -- The "Global Industrial Starch Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Form, Source, Application and Region" report has been added to ResearchAndMarkets.com's offering.
According to this analysis, the Global Industrial Starch Market was valued at ~US$60 billion in 2017. It is estimated to be ~US$ 85 billion in 2022 and is expected to reach a market size of ~US$ 125 billion by 2028 growing at a CAGR of ~7% during the forecast period (2022-2028). The increasing use of industrial starch as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient is expected to drive the demand for industrial starch during the forecast period.
Industrial starches can stabilize products like yogurt, bread goods, and convenience meals, manage texture, control moisture, and assist manufacturers to achieve the desired product quality. The worldwide industrial starch market is anticipated to benefit from increased customer knowledge and concerns about the food components used in food products and rising consumer preference for bio-based ingredients.
The worldwide food and beverage sector is being significantly impacted by the trend toward clean-label ingredients and products. Furthermore, the rapid expansion of the food processing industry provides considerable potential for ingredient manufacturers to implement strategic steps to meet rising demand.
Growing demand for sap sticks as a starch substitute in the paper and material industries is putting the global market's growth to the test. Significant R&D expenditures are also limiting the growth of the Industrial Starch Market during the period.
Scope of the Report
The Industrial Starch Market is segmented by Type, Source, Form, and Application. In addition, the report also covers market size and forecasts for the four region's Industrial Starch Markets. The revenue used to size and forecast the market for each segment is US$ billion.
By Type
- Native
- Starch Derivatives & Sweeteners
By Source
- Corn
- Wheat
- Cassava
- Potato
- Others
By Form
- Dry
- Liquid
By Application
- Food & Beverage
- Paper Making
- Pharmaceutical
- Construction
- Paint and Coating
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- AustraliaRest of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Companies
- Cargill, Incorporated
- Tate & Lyle
- AGRANA Beteiligungs-AG
- Tereos
- Archer Daniels Midland Company
- Ingredion
- Grain Processing Corporation
- Roquette Freres
- Cosun
- Altia Inc
Key Trends by Market Segment
- By Type: The Native segment held the largest market share in 2021, due to several qualities, including high water restriction and maintenance, excellent feed texturization, and a longer usable lifespan
- The original form of starch is native starches. They are frequently used in the formulation of foods, medications, and other industrial goods
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- By applying acids and other chemicals to the native starch at particular temperatures, the characteristics can be altered to fit a variety of uses.
- By Source: Corn segment held the largest market share in 2021, due to its diverse use as a very versatile ingredient in the food and beverage industry
- A carbohydrate called corn starch is taken out of the endosperm of corn seeds. Corn starch is becoming more popular on the market since it is gluten-free. It is a good source of energy and protects those with nocturnal hypoglycemia from low blood sugar
- Cornstarch is a thickening agent that is used in gravies, marinades, sauces, soups, and casseroles
- By Form: Dry segment held the largest market share in 2021, due to customers' preference for convenient foods that are readily available and have good nutritional value, dry industrial starch usage has expanded due to the busy lifestyle and high disposable income.
- The food industry employs dry starch. In food items, it serves as an emulsifier and a stabilizer. Dry starch is used in baked goods, confections, and frozen foods.
- By Application: Food & Beverage segment held the largest market share in 2021, due increasing use of industrial starch in the bakery and confectionery industries.
- The global industrial starch market is anticipated to increase significantly due to the use of industrial starch in food and beverage.
- Starches are frequently utilized in meat processing for their ability to retain water and improve texture. To lower the cost of formulation and enhance texture, industrial starches are added to meat product formulations as water binders.
- Industrial starches are also widely utilized as emulsifiers and swelling agents in baking and confectionery.
- By Geography: North America accounted for the largest market share in 2021 of the global industrial starch market, due to the presence of numerous multinational food manufacturing and processing businesses, there is a rising need for industrial starch.
- The demand for native starch in this North America is expected to increase due to the expanding customer base's need for healthier food and beverage options and the manufacturers' increased adoption of new methods to reduce calories, fat, and sugar.
- Presence of leading companies operating in industrial starch, like Archer Daniels Midland Company, Grain Processing Corporation, and others, will catalyze the expansion of this market.
Key Topics Covered in the Report
- Snapshot of Global Industrial Starch Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Industrial Starch Market
- Historic Growth of the Overall Global Industrial Starch Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter's 5 Forces Analysis of the Global Industrial Starch Industry
- Overview, Product Offerings, and Strength & Weakness of Key Competitors
- COVID-19 Impact on the Overall Global Industrial Starch Market
- Future Market Forecast and Growth Rates of the Total Global Industrial Starch Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of Global Industrial Starch in Major Regions
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
- Shubham Starch Chem Pvt. Ltd
- SPAC Starch Products (India) Private Limited
- Sanstar Bio - Polymers Ltd
- Bangkok Starch Industrial Co., Ltd
- Everest Starch Pvt. Ltd
Frequently Asked Questions
- What is the Study Period of this Market Report?
- The Global Industrial Starch Market is covered from 2017-2028 in this report, which includes a forecast for the period 2022-2028
What is the Future Growth Rate of the Global Industrial Starch Market?
- The Global Industrial Starch Market is expected to witness a CAGR of ~7% over the next six years
What are the Key Factors Driving the Global Industrial Starch Market?
- Industrial starch is increasingly used as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient, leading to strong demand for the starch
Which is the Largest Source Segment within the Global Industrial Starch Market?
- The Corn segment held the largest share of the Global Industrial Starch Market in 2021 due to its diverse use as a very versatile ingredient in the food and beverage industry
Who are the Key Players in the Global Industrial Starch Market?
- Cargill, Incorporated, Tate & Lyle, AGRANA Beteiligungs-AG, Tereos, Archer Daniels Midland Company, Ingredion, Grain Processing Corporation, Roquette Freres, Cosun, Altia Inc., and among other are the major companies operating in Global Industrial Starch Market.
For more information about this report visit https://www.researchandmarkets.com/r/p886bs
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