Industrial Starch Market: Current Analysis and Forecast (2021-2027)

Industrial Starch Market: Current Analysis and Forecast (2021-2027)

Industrial starch is derived from various natural sources such as wheat, corn, cassava, potato, and other sources. As they are believed to be the most common carbohydrate found in human diets. Due to its multiple applications such as viscosifiers, emulsifiers, defoaming agents, encapsulation, and sizing agents. It is used in many industries such as pharmaceuticals, food & beverage industries, and others. In addition, industrial starch is extensively used in the paper industry during the manufacturing and coating process. Furthermore, starches are valued for their ability to impart textural characteristics and provide gelling or film formation.

The Industrial Starch Market is expected to grow at a steady rate of around 6% owing to the growing demand for ready-to-eat food and multifunctional applications of starch, starch derivatives, and a diverse range of end-use industries. Major companies in the market offer industrial starch for food & beverage applications with technologically advanced features. For instance, in January 2021, Tate & Lyle expands its portfolio of tapioca-based thickening and gelling starches. The expansion includes the launch of new REZISTA® MAX thickening starches and BRIOGEL® gelling starches.

• Based on product type, the market is segmented into native starch and starch derivatives & sweeteners. Native starch category to witness higher CAGR during the forecast period as it is the original form of starch. It is commonly used in the formulation of food, pharmaceuticals, and other industrial products. In addition, the properties of native starch can be modified by acid and other chemical treatments at specific temperatures for different uses
• On the basis of source, the market is categorized into corn, wheat, cassava, potato, and others. Among these, corn segment held a significant share in the market in 2020. This is mainly due to the high demand for its textural properties as a thickening agent, especially in industries such as dairy and beverages. Additionally, corn starch is a carbohydrate derived from the endosperm of corn seeds. Corn starch is gaining importance in the market because it is gluten-free. Hence, it is an excellent source of energy and prevents hypoglycemia in people with nocturnal hypoglycemia
• Based on application, the industrial starch market has been classified into food & beverage, pharmaceuticals, paper industry, feed, and others. The food & beverage category is to witness higher CAGR during the forecast period. As the increased use of industrial starch in the bakery and confectionery sector is majorly seen during the last few years. Also, the growing demand for on-the-go groceries and various beverages from the coming generation and working population is expected to drive the market
• For a better understanding of the market adoption of the industrial starch industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is because it is a highly developed whole food industry. For instance, the United States is the top producer of corn with 383.94 million tonnes from 2021 to 2022, which is used in a variety of application areas, including the production of starch. Additionally, the region is heavily skewed toward consuming gluten-free foods with the support of governments with strict regulations on product labeling of gluten-free ingredients. Most US processed food starches from which they are derived are gluten-free. Furthermore, the Canadian industrial starch market is growing rapidly due to increasing consumer demand for healthier and cleaner ingredients. The demand for native starch in this country is primarily driven by light applications with subtle flavors. Hence, the local manufacturers use it in processed foods to maintain the quality of their products which is driving the market growth of industrial starch in the region
• Some of the major players operating in the market include Cargill Incorporated, Archer-Daniels-Midland Company, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Grain Processing Corporation, Roquette Frères, Royal Cosun, Eiamheng Tapioca Starch Industry Co. Ltd., General Starch Limited, The Kraft Heinz Company