Industrial Starch Market Size, Share and Forecast 2028

Posted by mahesh on October 14th, 2022

The scope of our recent study The Insight Partners on "Industrial Starch Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Native Starch and Starch Derivatives & Sweeteners), Source (Wheat, Corn, Potato, Cassava, and Others), Application (Food & Beverages, Pulp & Paper, Animal Feed, Pharmaceuticals, and Others)," includes the factors governing the market growth, revenue estimation and forecast, and market share analysis. It also entails the identification of significant market players and their key developments.

The industrial starch market is expected to grow from US$ 67,353.01 million in 2022 to US$ 98,426.74 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

Population around the world is growing the demand for food and beverages. According to the United Nations, the world population is projected to reach 8.5 billion in 2035. There has been a substantial increase in demand for convenience food and beverage products due to rising busy lifestyles and the rising working population in developing countries such as Germany, Mexico, India and China. These factors are driving the demand for convenience food and beverages.

Growth in the Global Food and Beverage Industry

Starch is one of the primary ingredients used in various food items such as bakery products, confectioneries, dairy products, fruit drinks, alcoholic beverages, savoury snacks, and processed meat products. This starch has various functional characteristics, including stabilizers, thickeners, sizing, fat replacers, and binding in various food. In addition, starch derivatives are used as a good fermentation base for the mass production of various biotechnological products such as antibiotics, vitamins, organic acids, and hormones, as the food industry is projected to be the largest end-user of starch. There is a strong demand for starch and its derivatives such as isoglucose, maltodextrins, and polyols in the food & beverages industry. Thus, the increasing demand for starch with flourishment of the food & beverages industry is driving the growth of the industrial starch market.

Starches are polymeric carbohydrates playing a key role in the human diet. It is renewable and biodegradable, primarily extracted from agricultural commodities. Starches contribute to textural improvement, moisture control, and stabilization in food processing applications. There are two major starches- native starches, which are pure forms extracted from wheat, corn, potato, rice, and cassava. Modified starch or starch derivatives are an altered form of starch with a high degree of processibility. Starches such as glucose syrup are extensively used in food and beverage application. It acts as a bulk sweetener and a carrier for different medicines. 

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Growing consumption of industrial starch in dairy, bakery, and convenience foods due to their ability to enhance shelf life and food texture is propelling the demand for industrial starch during the forecast period. The positive food & beverage and packaging industry outlook in China and India will also be expected to drive the growth of the industrial starch market. These emerging economies are expected to witness significant growth in the pharmaceutical industry owing to increasing consumer demand for medicines, which is expected to propel industrial starch demand over the forecast period.

Moreover, developing end-use industries such as pulp and paper are booting the growth of the industrial starch market. Starch is important for paper as it provides coating and size to the paper. The use of starch in papermaking assist manufacturers in reducing cost significantly.

The List of Companies - Industrial Starch Market

  •          AGRANA Beteiligungs-AG               
  •          ADM        
  •          Ingredion Incorporated   
  •          Roquette Frères                 
  •          Tereos Group       
  •          Cargill, Incorporated.       
  •          Tate & Lyle PLC   
  •          Grain Processing Corporation       
  •          Royal Cosun         
  •          AVEBE

The industrial starch market is segmented into five main regions—North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2021, Asia Pacific dominated the global market. The growth of the Asia Pacific industrial starch is attributed to the proliferation of various end-user industries in the region. 

Impact of COVID-19 Pandemic on Industrial Starch Market

The COVID-19 pandemic adversely affected the industrial starch market in 2020 due to the shutdown of manufacturing facilities and restrictions on transportation and logistics. Disruptions in supply chains also hampered the supply of industrial starch. Manufacturers introduce extensive modifications to their processes to comply with national and regional guidelines to protect employees from the COVID-19 disease. Many global manufacturers temporarily paused their operations or allowed production processes with limited employee strength. Despite these consequences, businesses started recovering as various countries' governments relaxed social restrictions. Moreover, successful vaccination drives further eased the current scenario leading to a rise in business activities worldwide. The recovery of various end-use industries is also driving the growth of the industrial starch market.

The " Industrial Starch Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry, focusing on the industrial starch market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The industrial starch market is segmented on the basis of type, source, application, and geography. Based on type, the market is segmented into native starch and starch derivatives & sweeteners. Based on source, the industrial starch market is segmented into wheat, corn, potato, cassava, and others. Based on application, the industrial starch market is segmented into food & beverages, pulp & paper, animal feed, pharmaceuticals, and others. Based on geography, the industrial starch market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the industrial starch market.

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Joined: September 20th, 2022
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