Starch Market Report Reveals the Latest Trends And Growth Opportunities of this Market
Starch Market Trends, Growth Opportunities, and Forecast Scenarios
The global starch market is experiencing steady growth, driven by factors such as increasing demand in food and beverage industry, growth in pharmaceutical and personal care sectors, and rising awareness about the benefits of starch. Starch is a carbohydrate that is extracted from various sources such as corn, wheat, potatoes, and cassava, and is widely used as a thickening agent, stabilizer, and texturizer in various products.
One of the key trends in the starch market is the increasing popularity of clean label and natural ingredients in food products. Consumers are becoming more conscious about the ingredients used in their food and are leaning towards products that are free from artificial additives. This trend is driving the demand for natural starches that can provide the same functionalities as modified starches.
Another growth opportunity in the starch market is the increasing use of starch in non-food applications such as pharmaceuticals, textiles, and paper industries. Starch is widely used as a binder, coating agent, and adhesive in these industries, driving the demand for starch-based products.
Moreover, the growing popularity of resistant starch as a prebiotic and its health benefits such as improved digestion and weight management are also driving the growth of the starch market. Manufacturers are increasingly focusing on developing innovative starch products to cater to the changing consumer preferences and market demands.
Overall, the starch market is expected to continue growing at a steady pace, driven by the increasing demand for clean label and natural ingredients, expansion of non-food applications, and the growing popularity of resistant starch in the global market.
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Starch Market Competitive Analysis
The starch market is highly competitive with key players such as ADM, Cargill, Ingredion, Tate & Lyle Americas, Roquette, Gea, COFCO, and more. These companies operate by producing and supplying starch products for various industries including food, pharmaceuticals, and paper. They help grow the starch market by investing in research and development, expanding their product portfolios, and catering to the evolving consumer demands. Some sales revenue figures (in USD billions) for select companies are: ADM - , Cargill - 56.48, Ingredion - 6.5, Tate & Lyle Americas - 3.6.
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In terms of Product Type, the Starch market is segmented into:
Edible starch refers to starch derived from crops such as corn, wheat, and potatoes, which are used in food products like bread, pasta, and snacks. Industrial starch, on the other hand, is used in various non-food industries such as paper, textile, and pharmaceuticals for its adhesive, thickening, and binding properties. Officinal starch is a purified form of starch used in pharmaceuticals and cosmetics. The demand for starch in the market is boosted by its versatile applications in both the food and non-food industries, as it provides functionality and value-added benefits to a wide range of products, driving the growth of the starch market.
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In terms of Product Application, the Starch market is segmented into:
Starch is used in various applications such as starch sugar production, monosodium glutamate manufacturing, medicine as a binder or filler, modified starch in food processing for thickening and stabilizing, in beer production for fermentation, in paper manufacturing as a sizing agent, and other industrial applications. The fastest growing application segment in terms of revenue is in the food industry, where starch is increasingly used as a clean label ingredient in a wide range of products due to its functional properties and versatility. Starch's ability to provide texture, viscosity, and structure in food products makes it a popular choice among manufacturers.
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Starch Industry Growth Analysis, by Geography
The starch market is expected to experience significant growth in North America (NA), Asia Pacific (APAC), Europe, the USA, and China due to increasing demand for convenience foods, beverages, and pharmaceuticals. However, it is projected that China and the USA will dominate the market with a market share of 35% and 25% respectively. The market in Europe is also expected to grow at a rapid pace, with a projected market share of 20%. Overall, the global starch market is anticipated to reach a value of $30 billion by 2025, with APAC showing the highest growth rate.
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