Global Industrial Starch Market Analysis & Forecast 2019-2028
$2,800.00 – $5,440.00
Diversified applications of industrial starch in various end use industries are steering the growth
The global industrial starch market is poised to grow with a CAGR of 8.1% from 2022-2028, owing to its range of applications in various end use industries. Starch is one of the carbohydrates derived from sources such as wheat, rice, maize, potato, and cassava among others.
Industrial starches offer various properties such as thickening, stabilizing, fat replacement, binding, and sizing for several food and non-food uses, which drives the demand from various industrial applications. Moreover, increasing applications of industrial starch as the fermentation base for biotechnological products such as antibiotics, hormones, organic acids, and vitamins is one of the growth drivers pushing the growth.
However, the food and beverage industry is anticipated as the major consumer of industrial starch, propelling the overall market growth. Apart from the food & beverage industry, the surging applications of industrial starch in pharmaceuticals, animal feed, paper, textile, biofuel, and building materials driving the demand and are anticipated to grow over the upcoming years.
Surging demand for convenient food products steering the growth
The industrial starch is sourced from corn, potato, and rice which is very less expensive. These days, the demand for industrial starches as functional ingredients for the production of convenient food products is facing very higher demand attributed to crisp improvement, and less oil absorption properties. Moreover, the increasing concern regarding bio-ingredient-based functional foods driving the growth.
In addition, industrial starches are also being used to produce biodegradable plastic owing to which, it is facing higher demand from the packaging industry. However, the fluctuation in prices of raw materials along with the increasing cost of R&D for the production and extraction of industrial starch is anticipated to hamper the overall growth of the industrial starch market.
The packaging industry augmenting the growth of the industrial starch market in North America
North America holds a significant share of the industrial starch market, owing to the surging demand for bio-degradable packaging materials. The US is surpassing the growth of the industrial starch market in North America owing to the major production and export of corn.
In Europe, the growth is pushed by increasing demand for natural additives and fat substitution such as emulsifiers. Moreover, rendering to the data published by the European Commission, in 2019, Germany had a prominent consumer base for food & beverage products, owing to a large number of manufacturers of dairy, bakery, and confectionery products.
In Latin America, the industrial starch market growth is majorly pushed by Brazil, as it is the key corn producer in the region. The growing food and beverage, textile, and paper industry, primarily in developing nations including, Japan, India, China, and South Korea, among others are increasing the number of potential buyers which in turn pushes the demand for the industrial starch market in the Asia Pacific region.
The rising industrialization along with increasing end-users in the UAE, South Africa, Saudi Arabia, and other GCC countries, are expected to create lucrative prospects in the industrial starch market in the Middle East & Africa.
Market Structure and competition landscape
The global industrial starch market is highly competitive, due to the presence of a large number of producers of the industrial starch. Ingredion Incorporated, Archer Daniels Midland Company, Universal Starch Chem Allied Ltd., Cargill, Inc., Tate & Lyle PLC, Eiamheng, Grain Processing Corporation, General Starch Limited, Galam Group, Bangkok Starch Industrial Co., Ltd., Karandikars Cashell Private Limited, GreenTech Industries Ltd., AGRANA Beteiligungs-AG, Coöperatie Koninklijke Avebe U.A., Global Bio-chem Technology Group Company Limited, and Altia Industrial among others are the key producers of industrial starch.
Moreover, the manufacturers operating in the global industrial starch market are focusing on new ingredient-based product launches, along with partnership strategies for their business expansion, for instance,
- In March 2021, Ingredion Inc. introduced pea-based starch, under the brand name PURITY P 1002, to support the plant-based product portfolio. Besides, the newly launched product offers enhanced texture for a range of applications such to produce gluten-free bakery products, plant-based cheese, gelatin-free chocolates, and confectionery items.
- In April 2020, Cargill Inc. announced the partnership with Starpro- a Thailand-based leading producer of starch sourced from tapioca. This partnership supported the regional expansion of Cargill Inc.
- In November 2019, an Australian producer, AGRANA Beteiligungs-AG announced the expansion of the production unit for wheat starch in Pischelsdorf owing to the higher demand for wheat starch to produce bakery products and noodles.
Key market segmentation
RationalStat has segmented the global industrial starch market based on source, product type, application, and Region.
- By Source
- Rice
- Wheat
- Corn
- Cassava
- Potato
- Pea
- By Product Type
- Oxidized Starch
- Ethylated Starch
- Unmodified Starch
- Cationic Starch
- Acid Modified Starch
- By Application
- Food & Beverage
- Confectionery
- Bakery
- Dairy
- Beverages
- Frozen Desserts
- Convenience Foods
- Cosmetic & Personal care
- Soaps
- Toiletries
- Skincare
- Body care
- Pharmaceuticals
- Nutraceuticals
- Infant Formulations
- Animal Feed/Pet Food
- Papermaking
- Corrugating
- Packaging
- Plastic
- Paper Coating
- Building Materials
- Liquid Detergents
- Mining/ Drilling
- Multiwall Bag
- Biomaterial and Biofuel
- Food & Beverage
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents.
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for global industrial starch manufacturers and producers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-1555 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022 and 2028
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
5.1. Impact on Growth Strategies
5.2. Impact on Operations and Supply Chain
5.3. Impact on Investments on the Functional Ingredients
5.4. Impact on Investments in the Food & Beverage Industry
5.5. Impact on Investments in the Packaging Sector
5.6. Impact on Roll-outs Plans
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global Population Overview and Forecast
6.1.2. Increasing Number of Bakeries & Confectionary
6.1.3. Rising Demand for Bio-degradable Packaging Materials
6.1.4. Increasing Expenditure on Food & Beverages
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.1.1. Wheat
6.3.1.2. Corn
6.3.1.3. Rice
6.3.1.4. Potato
6.3.1.5. Price Trend of Industrial Starch Raw Materials
6.3.2. Industrial Starch Manufacturers
6.3.3. Key End Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Industrial Starch Market: Key Investment Analysis
9.1. By Manufacturers
9.2. By Region
9.3. By End User
9.4. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
10. Pricing Analysis
10.1.By Leading Organizations
10.1.1. Ingredion Incorporated
10.1.2. Archer Daniels Midland Company
10.1.3. Universal Starch Chem Allied Ltd.
10.1.4. Cargill, Inc.
10.1.5. Tate & Lyle PLC
*List not exhaustive
10.2.By Region
10.2.1. North America
10.2.2. Western Europe
10.2.3. Eastern Europe
10.2.4. Asia Pacific
10.2.5. Latin America
10.2.6. Middle East & Africa
11. Global Industrial Starch Impact on Individuals and Society
12. Parent Market Overview: Global Functional Ingredients Market
13. Global Industrial Starch Segmental Analysis
13.1.By Region
13.2.By Source
13.3.By Product Type
13.4.By Application
14. Trade Data: EXIM Analysis
14.1.Export in Value (US$) and Volume (Million Tons)
14.1.1. Major Exporting Countries
14.1.2. Key Export Destinations
14.2.Import in Value (US$) and Volume (Million Tons)
14.2.1. Major Importing Countries
14.2.2. Key Import Destinations
15. Segmental Analysis
15.1.Global Industrial Starch Market Value (US$ Million), Volume (Million Tons) and Market Share (2019-2028) Analysis by Source
15.1.1. Segment Overview
15.1.1.1. Rice
15.1.1.2. Wheat
15.1.1.3. Corn
15.1.1.4. Cassava
15.1.1.5. Potato
15.1.1.6. Pea
15.2.Global Industrial Starch Market Value (US$ Million), Volume (Million Tons), and Market Share (2019-2028) Analysis by Product Type
15.2.1. Segment Overview
15.2.1.1. Oxidized Starch
15.2.1.2. Ethylated Starch
15.2.1.3. Unmodified Starch
15.2.1.4. Cationic Starch
15.2.1.5. Acid Modified Starch
15.3.Global Industrial Starch Market Value (US$ Million), Volume (Million Tons), and Market Share (2019-2028) Analysis by Application
15.3.1. Segment Overview
15.3.1.1. Food & Beverage
15.3.1.1.1. Confectionery
15.3.1.1.2. Bakery
15.3.1.1.3. Dairy
15.3.1.1.4. Beverages
15.3.1.1.5. Frozen Desserts
15.3.1.1.6. Convenience Foods
15.3.1.2. Cosmetic & Personal care
15.3.1.2.1. Soaps
15.3.1.2.2. Toiletries
15.3.1.2.3. Skincare
15.3.1.2.4. Body care
15.3.1.3. Pharmaceuticals
15.3.1.4. Nutraceuticals
15.3.1.5. Infant Formulations
15.3.1.6. Animal Feed/Pet Food
15.3.1.7. Papermaking
15.3.1.8. Corrugating
15.3.1.9. Packaging
15.3.1.10. Plastic
15.3.1.11. Paper Coating
15.3.1.12. Building Materials
15.3.1.13. Liquid Detergents
15.3.1.14. Mining/ Drilling
15.3.1.15. Multiwall Bag
15.3.1.16. Biomaterial and Biofuel
15.4.Global Industrial Starch Market Value (US$ Million), Volume (Million Tons) and Market Share (2019-2028) Analysis by Region
15.4.1. North America
15.4.2. Latin America
15.4.3. Western Europe
15.4.4. Eastern Europe
15.4.5. Asia Pacific
15.4.6. Middle East & Africa
16. Regional Analysis
16.1.North America Industrial Starch Market Analysis and Forecast 2019-2028
16.1.1. Regional Market Overview and Key Takeaways
16.1.2. North America Industrial Starch Market by Source
16.1.3. North America Industrial Starch Market by Product Type
16.1.4. North America Industrial Starch Market by Application
16.1.5. North America Industrial Starch Market by Country
16.1.5.1. US
16.2.Latin America Industrial Starch Market Analysis and Forecast 2019-2028
16.2.1. Regional Market Overview and Key Takeaways
16.2.2. Latin America Industrial Starch Market by Source
16.2.3. Latin America Industrial Starch Market by Product Type
16.2.4. Latin America Industrial Starch Market by Application
16.2.5. Latin America Industrial Starch Market by Country
16.2.5.1. Brazil
16.2.5.2. Mexico
16.2.5.3. Rest of Latin America
16.3.Western Europe Industrial Starch Market Analysis and Forecast 2019-2028
16.3.1. Regional Market Overview and Key Takeaways
16.3.2. Western Europe Industrial Starch Market by Source
16.3.3. Western Europe Industrial Starch Market by Product Type
16.3.4. Western Europe Industrial Starch Market by Application
16.3.5. Western Europe Industrial Starch Market by Country
16.3.5.1. Germany
16.3.5.2. UK
16.3.5.3. France
16.3.5.4. Spain
16.3.5.5. Italy
16.3.5.6. Benelux
16.3.5.7. Nordic
16.3.5.8. Rest of Western Europe
16.4.Eastern Europe Industrial Starch Market Analysis and Forecast 2019-2028
16.4.1. Regional Market Overview and Key Takeaways
16.4.2. Eastern Europe Industrial Starch Market by Source
16.4.3. Eastern Europe Industrial Starch Market by Product Type
16.4.4. Eastern Europe Industrial Starch Market by Application
16.4.5. Eastern Europe Industrial Starch Market by Country
16.4.5.1. Russia
16.4.5.2. Poland
16.4.5.3. Rest of Eastern Europe
16.5.Asia Pacific Industrial Starch Market Analysis and Forecast 2019-2028
16.5.1. Regional Market Overview and Key Takeaways
16.5.2. Asia Pacific Industrial Starch Market by Source
16.5.3. Asia Pacific Industrial Starch Market by Product Type
16.5.4. Asia Pacific Industrial Starch Market by Application
16.5.5. Asia Pacific Industrial Starch Market by Country
16.5.5.1. China
16.5.5.2. Japan
16.5.5.3. India
16.5.5.4. South Korea
16.5.5.5. Australia
16.5.5.6. ASEAN
16.5.5.7. Rest of Asia-Pacific
16.6.Middle East & Africa Industrial Starch Market Analysis and Forecast 2019-2028
16.6.1. Regional Market Overview and Key Takeaways
16.6.2. Middle East & Africa Industrial Starch Market by Source
16.6.3. Middle East & Africa Industrial Starch Market by Product Type
16.6.4. Middle East & Africa Industrial Starch Market by Application
16.6.5. Middle East & Africa Industrial Starch Market by Country
16.6.5.1. GCC
16.6.5.2. South Africa
16.6.5.3. Turkey
16.6.5.4. Rest of the Middle East & Africa
17. Competitive Landscape
17.1. Competition Dashboard
17.1.1. Global and Regional Market Share Analysis
17.1.2. Market Structure
17.2.Competitive Benchmarking
17.3.Key Strategy Analysis
17.4.Company Profiles
17.4.1. Ingredion Incorporated
17.4.1.1. Company Overview
17.4.1.2. Source/Service Offerings
17.4.1.3. Key Financials
17.4.1.4. Recent Developments
17.4.2. Archer Daniels Midland Company
17.4.2.1. Company Overview
17.4.2.2. Source/Service Offerings
17.4.2.3. Financials
17.4.2.4. Recent Developments
17.4.3. Universal Starch Chem Allied Ltd.
17.4.3.1. Company Overview
17.4.3.2. Source/Service Offerings
17.4.3.3. Financials
17.4.3.4. Recent Developments
17.4.4. Cargill, Inc.
17.4.4.1. Company Overview
17.4.4.2. Source/Service Offerings
17.4.4.3. Financials
17.4.4.4. Recent Developments
17.4.5. Tate & Lyle PLC
17.4.5.1. Company Overview
17.4.5.2. Source/Service Offerings
17.4.5.3. Financials
17.4.5.4. Recent Developments
17.4.6. Eiamheng
17.4.6.1. Company Overview
17.4.6.2. Source/Service Offerings
17.4.6.3. Financials
17.4.6.4. Recent Developments
17.4.7. Grain Processing Corporation
17.4.7.1. Company Overview
17.4.7.2. Source/Service Offerings
17.4.7.3. Financials
17.4.7.4. Recent Developments
17.4.8. General Starch Limited
17.4.8.1. Company Overview
17.4.8.2. Source/Service Offerings
17.4.8.3. Financials
17.4.8.4. Recent Developments
17.4.9. Galam Group
17.4.9.1. Company Overview
17.4.9.2. Source/Service Offerings
17.4.9.3. Financials
17.4.9.4. Recent Developments
17.4.10. Bangkok Starch Industrial Co., Ltd.
17.4.10.1. Company Overview
17.4.10.2. Source/Service Offerings
17.4.10.3. Financials
17.4.10.4. Recent Developments
17.4.11. Karandikars Cashell Private Limited
17.4.11.1. Company Overview
17.4.11.2. Source/Service Offerings
17.4.11.3. Financials
17.4.11.4. Recent Developments
17.4.12. GreenTech Industries Ltd.
17.4.12.1. Company Overview
17.4.12.2. Source/Service Offerings
17.4.12.3. Financials
17.4.12.4. Recent Developments
17.4.13. AGRANA Beteiligungs-AG
17.4.13.1. Company Overview
17.4.13.2. Source/Service Offerings
17.4.13.3. Financials
17.4.13.4. Recent Developments
17.4.14. Coöperatie Koninklijke Avebe U.A
17.4.14.1. Company Overview
17.4.14.2. Source/Service Offerings
17.4.14.3. Financials
17.4.14.4. Recent Developments
17.4.15. Global Bio-chem Technology Group Company Limited
17.4.15.1. Company Overview
17.4.15.2. Source/Service Offerings
17.4.15.3. Financials
17.4.15.4. Recent Developments
17.4.16. Altia Industrial
17.4.16.1. Company Overview
17.4.16.2. Source/Service Offerings
17.4.16.3. Financials
17.4.16.4. Recent Developments
A comprehensive list of Industrial Starch manufacturers will be provided along with geographical reach, employee count, revenue, Source, capacities, and capabilities
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