Enjoy complimentary customisation on priority with our Enterprise License!
The industrial starch market share is expected to increase to USD 31.30 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.7%.
This industrial starch market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial starch market segmentation by application (food and beverage, feed, pharmaceuticals, cardboard and corrugating, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The industrial starch market report also offers information on several market vendors, including AGRANA Beteiligungs AG, Angel Starch and Food Pvt. Ltd., Anora Group Plc, Archer Daniels Midland Co., Beneo GmbH, Cargill Inc., Chemstar Products Co., Cooperatie Koninklijke Avebe U.A., Emsland Starke GmbH, Global Bio chem Technology Group Co. Ltd., Ingredion Inc., Japan Corn Starch Co. Ltd, Kent Corp., Manildra Flour Mills Pty. Ltd., PT Budi Starch and Sweetener Tbk, Roquette Freres SA, Tate and Lyle Plc, and TEREOS PASTICIPATIONS SAS among others.
Download the Free Report Sample to Unlock the Industrial Starch Market Size for the Forecast Period and Other Important Statistics
The increased use of industrial starch as a thickener is notably driving the industrial starch market growth, although factors such as the fluctuation in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial starch industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Starch Market Driver
One of the key factors driving growth in the industrial starch market is the increased use of industrial starch as a thickener. Corn- and potato-based starches are widely used in the food processing industry because of their excellent thickening ability. When heated in a liquid, starch granules soak up water, swell, and release long, tangly starch molecules, all factors that cause the liquid to thicken. As a thickening agent, industrial starch is used as a substitute for high-calorie sugar or high-cholesterol food ingredients. Industrial starch can be used directly for thickening food products, thereby eliminating the need for processing and heating. It imparts a transparent sheen to the food products and improves their aesthetic appeal. Industrial starch derived from corn, arrowroot, and tapioca are used as thickeners in food products. It can be used as a stabilizer, binder, and emulsifier because of its thickening property.
Key Industrial Starch Market Trend
The rising consumption of industrial starch is an industrial starch market trend that is expected to have a positive impact in the coming years. Industrial starch is available in different forms based on the composition of raw materials, raw material source, and the level of processing. The functional properties of industrial starch closely resemble the properties of amylose and amylopectin. Industrial starch is derived from different raw materials such as corn, wheat, tapioca, potato, maize, rice, amaranth, and arrowroot. Industrial starch-containing high concentrations of amylose and amylopectin offer a smooth texture to gelatinized starch. Starch biosynthesis and the isolation of many of the genes have enabled the genetic modification of crops in a rational manner to produce novel starches with improved functionality. Based on its properties, it is widely used as a thickener, sweetener, binder, and stabilizer in food products. It offers superior resistance to heating or shearing and prevents undesired hydration. Thus, the demand for industrial starch will increase during the forecast period.
Key Industrial Starch Market Challenge
The fluctuation in raw material prices will be a major challenge for the industrial starch market during the forecast period. The rising demand for biofuel, owing to the fluctuating raw material prices, has reduced the profit margins of industrial starch manufacturers. Most of the industrial starch is manufactured from raw materials such as potato, maize, corn, and wheat. The rise in global demand for bioethanol has increased the price of raw materials used for manufacturing industrial starch. In addition, changing climatic conditions and weather patterns affect the growth of seasonal crops, which can lead to fluctuations in raw material prices. The price trend of raw materials with its current ups and downs is primarily driven by supply and demand, economic slowdown due to inflation, supply chain hindrance, and the geopolitical situation.
This industrial starch market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global industrial starch market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial starch market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial starch market encompasses successful business strategies deployed by the key vendors. The industrial starch market is fragmented and the vendors are deploying growth strategies such as expansions, collaborations, and new product launches to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial starch market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the industrial starch market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for industrial starch in North America. Market growth in this region will be slower than the growth of the market in other regions.
The abundance of native starch will facilitate the industrial starch market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 disrupted the entire regional economy. The pandemic adversely affected all major industries in the region. However, the economic recovery in the region, the initiation of large-scale COVID-19 vaccination drives by the government, and the restoration of supply chain and logistics are expected to stabilize the growth of the market during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The industrial starch market share growth by the food and beverages segment will be significant during the forecast period. The food and beverage sector exhibits a high demand for industrial starch as it is derived from bio-based sources such as corn, potato, maize, tapioca, wheat, plant roots, and stems. Increasing awareness and preference for bio-based products lead to a rise in demand for industrial starch. Compared with other application segments, the food and beverage segment will exhibit the fastest growth rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial starch market size and actionable market insights on post COVID-19 impact on each segment.
Industrial Starch Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.7% |
Market growth 2022-2026 |
$ 31.30 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.7 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AGRANA Beteiligungs AG, Angel Starch and Food Pvt. Ltd., Anora Group Plc, Archer Daniels Midland Co., Beneo GmbH, Cargill Inc., Chemstar Products Co., Cooperatie Koninklijke Avebe U.A., Emsland Starke GmbH, Global Bio chem Technology Group Co. Ltd., Ingredion Inc., Japan Corn Starch Co. Ltd, Kent Corp., Manildra Flour Mills Pty. Ltd., PT Budi Starch and Sweetener Tbk, Roquette Freres SA, Tate and Lyle Plc, and TEREOS PASTICIPATIONS SAS. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.