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The industrial starch market size is forecast to increase by USD 23.97 billion, at a CAGR of 4.5% between 2023 and 2028. The industrial starch market is experiencing significant growth due to the increased adoption of starch as a thickener in various industries. Corn starch, a prominent type of industrial starch, is in high demand due to its versatility and effectiveness in enhancing the texture and consistency of food products, pharmaceuticals, and industrial applications. Industrial starch's diverse uses extend beyond thickening, including its role as a binding agent, coating material, and stabilizer. As a result, the demand for industrial starch is projected to continue its upward trend, making it a valuable commodity in numerous sectors.
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Wheat and cassava are vital agricultural raw materials used extensively in the production of modified starches, industrial starches, and functional ingredients like malt dextrin. These crops face challenges in their supply chain due to transportation issues, natural disasters, and labor shortages, impacting availability and pricing in the market. Modified cellulose and homopolysaccharide derived from vegetable cells and roots contribute to the development of nutritional foods and beverages, enriched with proteins and carbohydrates such as glucose. The utilization of gums extracted from plants enhances food texture and stability, crucial in various culinary applications. As demand grows for sustainable and nutritious food options, innovations in processing native starch and other carbohydrate sources from seeds and tubers play a significant role in meeting consumer preferences for healthy and functional food products.
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.
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.
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.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGRANA Beteiligungs AG - The company offers industrial starch that is made from corn, potatoes, and wheat for numerous applications in many different industries.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The food and beverage segment is estimated to witness significant growth during the forecast period. In the food and beverage industry, industrial starch plays a crucial role in a wide range of applications due to its functional properties. One primary use of starch is as a thickening and stabilizing agent in various food products, including sauces, soups, gravies, and dressings. Starches such as corn starch, potato starch, and tapioca starch are commonly utilized to enhance the viscosity and texture of these products, providing a smooth and desirable mouthfeel. Additionally, starches contribute to the stability of emulsions, preventing phase separation and improving the overall quality and shelf life of food formulations.
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The food and beverage segment accounted for USD 42.34 billion in 2023 and showed a gradual increase during the forecast period. Moreover, industrial starch finds extensive application as a bulking and binding agent in the production of baked goods, snacks, and confectionery items. Starches help to improve the structure, volume, and texture of baked goods such as bread, cakes, and pastries by retaining moisture and enhancing dough elasticity. In snacks and confectionery products, starches are used to bind ingredients together, imparting desirable characteristics such as crispiness, chewiness, or crunchiness. Furthermore, starch-based ingredients are often used as coatings for fried foods to create a crispy and golden exterior. Compared with other application segments, the food and beverage segment will exhibit the fastest growth rate during the forecast period.
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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for industrial starch in the region will be moderate during the forecast period. The US, Canada, and Mexico are the leading consumers of industrial starch. Glucose syrup, corn, and wheat products are used to produce industrial starch. The abundance of native starch in the region will propel the growth of the market. The rising consumption of industrial starch in cosmetics, packaging, and food and beverages will have a major influence on the regional industrial starch market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
You may also interested in below market reports:
1. Starch Market: Starch Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, France, Germany - Size and Forecast
2. Native Starches Market: Native Starches Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast
3. Modified Starch Market: Modified Starch Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, Germany, UK - Size and Forecast
Sustainable materials and eco-friendly materials such as bioplastics are pivotal in addressing global sustainability goals, offering packaging solutions through biodegradable and compostable products. These innovations utilize corn starch sourced from cultivated crops, undergoing gelatinization to produce starch-based sugars and serve diverse industries including beverage, confectionery, pharmaceutical, and fermentation. In the dairy sector, starch-based ingredients act as texturizing agents in gluten-free products and clean-label ingredients, meeting consumer demand for natural and recognizable ingredients in processed and convenience foods. Maltodextrin and cyclodextrin derived from waxy maize find application in paper, building materials, and adhesive industries, enhancing stabilizers and sizing agents. These materials are crucial in construction and building, textile, personal care, and pet food industries, supporting fermentation processes for biotechnological products like organic acids, antibiotics, and vitamins essential in livestock and mining sectors. The integration of maltodextrin and high-amylose starch underscores their versatility in various sectors, promoting sustainable practices across global markets.
Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 23.97 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, China, Germany, Canada, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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., 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, Royal Avebe, Tate and Lyle PLC, and Tereos Participations |
Market dynamics |
Parent market analysis, Market forecasting 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 forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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