Global Industrial Starch Market 2019-2023
About Industrial Starch
Industrial starch is a polymeric carbohydrate that contain glucose units joined together by strong glycosidic bonds.
Technavio’s analysts forecast the global industrial starch market to grow at a CAGR of 6.63% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial starch market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of industrial starch in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Starch Market 2019-2023
Technavio recognizes the following companies as the key players in the global industrial starch market: Archer Daniels Midland Company, BASF, Cargill, Chr. Hansen Holding, Grain Processing Corporation, Tate & Lyle.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising consumption because of the functional properties of industrial starch.
According to the report, one of the major drivers for this market is the high demand for corn starch in food and beverage sector as a thickening agent, gelling agent, and stabilizing agent. Due to its low price the corn starch market had gained high demand in the global industrial starch market.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuating in raw material prices has reduced the profit margins of industrial starch manufacturers.
Archer Daniels Midland Company
Chr. Hansen Holding
Grain Processing Corporation
Tate & Lyle