Enjoy complimentary customisation on priority with our Enterprise License!
The starch market size is projected to increase by USD 18.41 billion at a CAGR of 4.49% between 2023 and 2028
Moreover, the market in APAC is set for substantial growth in the forecast period, driven by significant potential, particularly in emerging countries like India and China. India, boasting a robust agricultural sector, emerges as a promising market with ample opportunities in the food processing industry. Government-backed initiatives, such as the Pradhan Mantri Kisan Sampada Yojana (PMKSY), focus on elevating modern food processing infrastructure, ensuring an efficient supply chain from farm to retail. The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) aims to stimulate domestic manufacturing, increase exports, and support entities investing in processing capacity and global branding. The Ministry of Food Processing Industries (MoFPI), under the Government of India, allocates projects to local companies for establishing starch-based food parks, fostering the growth of influential Indian brands. A key player in the market, AGRANA Beteiligungs AG, contributes to this landscape by producing starch and special starch products.
The market shows an accelerated CAGR during the forecast period.
To get additional information about the market report, Request Free Sample
Increasing demand for starch in the production of bakery and sweet food items is notably driving market growth. It serves as a thickening agent in both savory and sweet dishes due to its neutral taste and robust gelling power. It finds extensive use in North America for sweet dishes like custard, while other regions incorporate it into savory and bakery products. The global rise in snack consumption, with snacks gaining popularity as a breakfast alternative, is a significant market driver. In North America and Europe, the increasing preference for snacks as a breakfast option, along with the growth in the demand for gluten-free snack products from health-conscious consumers, has propelled the market for savoury products. Additionally, health-conscious consumers are driving the demand for gluten-free snack products, further contributing to market growth.
Further, the inclusion of restaurants, food and beverage supply chains, papermaking, cosmetics, personal care, and textiles industries in the market trends reflects the diverse applications. The utilization of organic ingredients, involvement of fast-food restaurant chains, exploration of starch esters and ethers, use of cationic starches, and engagement in competitive benchmarking underline the market's dynamic landscape. Furthermore, the incorporation of cassava and corn as sources, the utilization of thickeners and emulsifiers, and the significance of native starch, adhesives, and viscosities contribute to the industry's multifaceted growth. Such factors are expected to drive the market growth during the forecast period.
Increased availability of starch products in e-commerce platforms is an emerging trend shaping market growth. Another trend that contributes to the increasing adoption is the availability of these products on e-commerce sites. These sites have easy payment options, ensure prompt delivery, and have hassle-free return policies, which attract customers and increase the credibility of e-commerce vendors. Online retailing is popular among consumers of packaged food and meats as it provides various benefits, such as convenience, lower pricing, easy returns, bulk discounts, and offers a diverse range of products.
Further, the growth of the market can be attributed to online retailers expanding to new geographies and physical retailers exploring new markets through e-commerce platforms. Additionally, this development has paved the way for the direct-to-retail option for manufacturers and licensors, eliminating the need for middlemen. Also, vendors operating in the market, such as Tate and Lyle, offer such products through online distribution channels. The high growth in the e-commerce platform will prove pivotal in the demand and supply during the forecast period. Thereby propelling the growth of the market during the forecast period.
Stringent regulatory standards for ingredients, product labelling, and packaging of starch-based products are a significant challenge hindering the market growth. The US FDA regulates the use of harmful ingredients in food-related products, including starch-based products, for consumption purposes. Government regulations on product labelling have also been implemented for starch-based product manufacturers to follow. An ingredient label reading modified starch may likely have been treated with chemicals like sulfuric acid or chlorine, which could lead to adverse health effects. According to the US FDA, manufacturers are required to carry out labelling on all human and animal food products.
The organization regulates the labelling and packaging of food products, which include starch-based products, under the Federal Food, Drug, and Cosmetic Act (FD and C Act) and the Fair Packaging and Labeling Act (FPLA). Similarly, in Europe, European Union rules on food and labelling make it mandatory for starch-based prepacked foods to have the name of the food, ingredient list (including any additives), allergen information, quantity of certain ingredients, and date marking. Such regulation may often increase capital expenditure for market companies, which, in turn, may limit the market growth during the forecast period.
The retail market by end-users includes starch used in the food and beverages sector. Food starch has been developed to fulfil the needs of the food industry in the retail sector. It offers functional benefits such as gelling, thickening, and bulking and contributes to the overall quality of food and beverage products used in the retail sector. The use of starch in the food industry varies, from providing stability to food products in frozen bottles to the preservation of food in cans. Its use offers a host of benefits, including enhanced cutability, viscosity, stability, and mouth feel. Therefore, the versatility of applications in the food industry is expected to increase in the retail sector, which, in turn anticipated to drive the growth of the retail market segment of the market during the forecast period.
The market share growth by the corn segment will be significant during the forecast period. The demand for non-gluten or gluten-free goods has increased as a result of rising awareness about celiac disease due to the consumption of grains such as wheat, rye, and barley.
The corn segment was the largest and was valued at USD 50.77 billion in 2018.
For a detailed summary of the market segments Request for Sample Report
Further, owing to its high vitamin E content, consumers prefer using corn starch for cooking purposes. Bread is widely consumed globally, and with people becoming aware of the ill effects of genetically modified wheat used in making bread, they are expected to shift toward corn starch and blended bread. This growing trend among consumers has added to the increasing use. It is used to thicken sauces and soups and for preparing cakes and pastries, which is increasing its demand globally. Given its property of inhibiting liquid separation, the use of corn starch is growing as a thickening agent in frozen food recipes. Moreover, private-label corn is becoming a key focus area for retailers globally. Various retailers are selling different types under their private-label brands to increase their profitability, which is contributing to the growth of the segment of the market during the forecast period.
APAC is estimated to contribute 57% to the growth of the global market during the forecast period
Get a glance at the market share of various regions View PDF Sample
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In APAC, The demand for dairy products translates into increasing demand for starch as they are extensively used in milk beverages, yogurt, and cheese. For instance, according to USDA, Domestic cheese production in China in 2023 was at 22 thousand metric tons (TMT) as local producers continue to expand production at around the same pace as in 2021. China will continue to exhibit a high demand, especially corn starch, because of the considerable growth in the delivery and new research innovation.
For instance, in 2021, scientists in China developed a novel technology that turns CO2 into starch in a highly efficient manner. Moreover, the rapid growth of the urban population is also contributing to the significant demand for dairy food products in APAC. Thus, a high percentage of the urban population will contribute to the demand for dairy foods. This, in turn, is expected to boost the growth of the regional market during the forecast period.
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 forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including: AGRANA Beteiligungs AG, Angel Starch and Food Pvt. Ltd., Archer Daniels Midland Co., Beneo GmbH, Cargill Inc., Emsland Starke GmbH, Everest Starch India Pvt. Ltd., Ingredion Inc., Kent Corp., Manildra Flour Mills Pty. Ltd., MGP Ingredients Inc., Roquette Freres SA, Royal Avebe, SPAC Starch Products India Pvt. Ltd., SSPL, Tate and Lyle PLC, Thai Flour Industry Co. Ltd., Varalakshmi Starch Industries P Ltd., VIMAL PPCE, and SMScor
The market analysis and report of 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 market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market caters to various industries, such as the food and beverage, pharmaceutical, textiles, and paper production sectors, among others. Key players like Etenia ES and Cargill Incorporated offer a range of starch products, including maltodextrin sourced from cassava plants and potato tubers. These starch derivatives, like Primient, find applications in biomaterials, food production, and the production of textural properties in products like baked goods, confectionery, and gluten-free items. Liquid starch derivatives and tapioca starch are utilized in hygiene products like facial tissues, toilet paper, and wet wipes. Starch-based sugars are common in the beverage and confectionery industries, ensuring clean-label ingredients. The MEA starch market specifically emphasizes functional properties such as texture, thermal stability, and solubility, meeting the diverse needs of consumers in processed foods, bakeries, and nutritional products. Local manufacturers leverage agricultural raw materials like maize and potatoes to produce native starches and malt dextrin for a wide range of applications in various industries.
Additionally, the market caters to a wide array of industries, including the food and beverage, pharmaceutical, textiles, and paper production sectors. Starch, derived from various sources such as maize and tuber roots, serves as a crucial component in the production of processed and convenience foods, nutritional foods, and gluten-free products. Industries like the beverage industry and confectionery industry rely on it, as a key ingredient, while the paper industry utilizes it for manufacturing tissue products like hand towels, wet tissues, and paper handkerchiefs. It also finds applications in non-food sectors such as the textiles industry and construction engineering industry for purposes like sizing material and filler. Additionally, it plays a role in various other sectors, including the pharmaceutical industry, chemical industry, and healthcare industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.49% |
Market Growth 2024-2028 |
USD 18.41 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.31 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 57% |
Key countries |
US, China, India, France, and Germany |
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., Archer Daniels Midland Co., Beneo GmbH, Cargill Inc., Emsland Starke GmbH, Everest Starch India Pvt. Ltd., Ingredion Inc., Kent Corp., Manildra Flour Mills Pty. Ltd., MGP Ingredients Inc., Roquette Freres SA, Royal Avebe, SPAC Starch Products India Pvt. Ltd., SSPL, Tate and Lyle PLC, Thai Flour Industry Co. Ltd., Varalakshmi Starch Industries P Ltd., VIMAL PPCE, and SMScor |
Market dynamics |
Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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. |
BUY NOW Full Report and Discover more
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.