Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The dynamics of the industrial starch market are influenced by different factors, including changes in consumer preferences, technological progress, legislative policies enacted by government authorities around the world, and competitiveness within this sector. Starch –a carbohydrate obtained from corn, wheat, and potatoes, among other sources – finds applications in a wide range of industries, including food and beverages, pharmaceuticals, paper& textile, and adhesives. One of the main reasons why the industrial starch market is expected to grow rapidly is the increasing consumption of processed and convenience foods. For instance, starch provides texture, viscosity, and stability in food products such as baked goods, snacks, sauces, soups, etc. In addition to that, the changing consumer lifestyles along with growing urbanization have resulted in the rise in demand for convenient or ready-to-eat foods, thereby necessitating increased consumer preference for processed foods plus snacks containing starch-based ingredients.
Furthermore, the consumer shift towards clean labels and natural ingredients has influenced the dynamics of the industrial starch market. It goes without saying that people are currently seeking easy-to-understand consumable items that do not include any chemicals. Produced out of naturally occurring feedstocks, this kind of substance is considered a clean substitute. Technological advancements have significantly driven innovation and growth within the industrial starch market. Enhanced processing systems like enzymatic conversion, extrusion, or fermentation enhance functionalities, stability, and performance parameters required by manufacturers when developing these types of compounds. Moreover, biotechnology innovations coupled with genetic engineering have allowed the development of specialty starches that have properties like heat, shear, and acid resistance, hence making them applicable to many manufacturing processes.
The dynamics of the industrial starch market are also influenced by regulatory frameworks, whereby industry practices and consumer perceptions are affected by regulations on food safety, labeling, and quality standards, among others. For starch producers to comply with legal requirements and gain consumers' confidence in their products, they must adhere to regulations relating to allergen labeling, product safety, and nutritional claims. The industrial starch market is very competitive, and many players try as much as possible through differentiation of products, branding, and marketing strategies to increase their share of the market. Key players in this market come from major contingent global companies manufacturing this product down to smaller specialized ingredient suppliers. A consumer's decision-making about purchasing is hugely influenced by brand reputation, product quality, and price competitiveness. Additionally, strategic partnerships with food and beverage manufacturers, retailers, or distributors are essential for increasing brand visibility and expanding the markets.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Source, Form, Application, and Region |
Industrial Starches Market Highlights:
Global Industrial Starch Market Overview
Industrial Starch Market Size was valued at USD 77.66 billion in 2023. The Industrial Starch market industry is projected to grow from USD 82.397 Billion in 2024 to USD 124.72 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.32% during the forecast period (2024 - 2032). Expanding demand for convenience food and rising interest in prepared-to-eat food sources are the key market drivers enhancing the industrial starch market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Industrial Starch Market Trends
- Increase in R&D to expand applications is driving the market growth
Starch has been one of the most important food items and biomaterials for many years and is still widely employed in many different applications throughout the globe. Due to research and development, starch is rapidly being utilized in various industrial areas, such as textile, paper, chemicals, agriculture, construction engineering, and healthcare, even though the demand for starch is noticeably larger from the food industry. The majority of the world's starch output is made from maize starch. Maize starch is a crucial component used in many parts of the globe to make food items, including thickeners, stabilizers, water retainers, and colloidal gelling agents. This factor is anticipated to boost the MEA starch market during the forecast period. Thus, this factor is driving the industrial starch market CAGR.
The number of consumers of industrial starch has expanded in these areas as a result of the thriving food and beverage industries, particularly in growing nations like China and India. Cost competitiveness and product quality are the main elements affecting the buyer's decision. High buyer power is a result of low switching costs and the existence of several producers worldwide. To establish a presence in the market, the industry players have been concentrating on a variety of techniques including mergers, expansions, and new product development. For instance, the SimPure line of tapioca was released by Cargill, Inc. in March 2021. Until recently, waxy maize and potato-based starches were the only ones used to manufacture SimPure products. The smooth texture, potent water-binding abilities, and durability during cold storage are all provided by tapioca starch.
The leading businesses are concentrating on R&D, new product development, and launches to expand their market share in the industrial starch market. For instance, Ingredion Inc. introduced two new texturizers for baked chips in April 2017: Presica Crisp 151 (modified tapioca starch) and Presica Crisp 31, both native corn starches. Thus, this aspect is anticipated to accelerate industrial starch market revenue globally.
Industrial Starch Market Segment Insights
Industrial Starch Type Insights
Based on type, the industrial starch market segmentation includes Native Starch and Starch Derivatives & Sweeteners. The native starch segment dominated the market, accounting for 35% of Industrial Starch market revenue. The demand for native starch is anticipated to rise as consumers desire fewer processed foods. Pure starches include those found in nature. They may be derived from maize, wheat, potato, rice, cassava, etc. and used as texturizing and gelling agents in the processed food sector. A product's consistency, texture, and stability may change if the natural food starch is removed. The demand for native starch in this Industrial Starch is anticipated to increase due to its multifunctional Application in the processed food sector.
Industrial Starch Source Insights
Based on the Source, the Industrial Starch market segmentation includes Corn, Potato, Cassava, Wheat, and Others. The corn category generated the most income. Corn starch is frequently used as a thickening agent in liquid-based dishes like soups, sauces, gravies, etc. It is also frequently used as an anti-caking agent in powdered sugar. Corn starch is a particularly adaptable component in the food and beverage sector due to its many applications.
Industrial Starch Form Insights
Based on Form, the Industrial Starch industry has been segmented into Solid and Liquid. The dry sub-segment accounted for the largest market share among them in 2022, and it is anticipated to continue to hold a commanding market share during the forecast period. In the food and beverage sector, roll-dried starches are used to provide food items like powders, sauces, desserts, snacks, etc. texture. Food, medicine, and the cosmetics sector all employ roll-dried starch.
Figure 1: Industrial Starch Market, by Form, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Industrial Starch Application Insights
Based on End Users, the Industrial Starch industry has been segmented into Food & Beverages, Corrugation & Paper Making, Animal Feed, Pharmaceuticals, and Others. Food & beverages held the largest segment share in 2022. Over the course of the projected period, the increased use of industrial starch in the bakery and confectionery industry would positively affect market growth. The category is anticipated to be driven by growing demand from the youthful and working population for various beverages and food products consumed on the go.
Industrial Starch Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Industrial Starch market accounted for USD 33.52 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The demand for native starch in this Region is expected to increase due to the expanding customer base's need for healthier food and beverage alternatives and the manufacturers' increased use of novel methods to minimize calories, fat, and sugar. This Industrial Starch market's expansion may be aided by well-known businesses active in the sector, like Grain Processing Corporation, Archer Daniels Midland Company, etc.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: INDUSTRIAL STARCH MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Because of the extensive cultivation of raw materials like cassava, sweet potatoes, and maize in nations like China, Thailand, Indonesia, India, and others, the Asia Pacific region is anticipated to have a strong expansion in the worldwide industrial starch market. The large-scale manufacturing of raw materials may lead to simple access to the product and is anticipated to impact the industrial starch market in this area favorably. Additionally, the rising per capita income and increased consumer demand for a wider range of manufactured and food goods that use starch in their production may benefit the market's expansion. Moreover, the China Industrial Starch market held the largest market share, and the India Industrial Starch market was the fastest-growing market in the Asia-Pacific region.
In terms of value, the Europe Industrial Starch market became the second-largest regional market in 2022. In the upcoming years, the market in the area will be driven by the rising application breadth of industrial starch, particularly in convenience meals. Due to the rising demand for wheat starch, which is used in creating noodles and bread goods, AGRANA Beteiligungs-AG stated in November 2019 that it would increase wheat starch production in Pischelsdorf, Lower Austria. Further, the Germany Industrial Starch market held the largest market share, and the UK Industrial Starch market was the fastest-growing market in the European Region.
Industrial Starch Key Market Players & Competitive Insights
Leading industry companies are making significant R&D investments to broaden their product offerings, which will spur further expansion of the market for Industrial Starch products. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The Industrial Starch industry must offer products at reasonable prices to grow and thrive in a more cutthroat and competitive environment.
One of the primary business strategies manufacturers employ in the worldwide Industrial Starch industry to benefit customers and expand the market sector is local manufacturing to reduce operating costs. The industry has recently provided some of medicine's most important benefits. Major players in the Industrial Starch market, including Cargill, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Universal Starch Chem Allied Ltd., Agrana Beteiligungs-AG, Grain Processing Corporation, Roquette Frères, Tereos Group, Chr. Hansen A/S, Royal Cosun, Altia Industrial Services, and others, are attempting to increase market demand by investing in research and development operations.
Tate & Lyle PLC is a multinational provider of ingredients for food and beverages to industrial sectors, headquartered in Britain. It started as a company that refined sugar, but starting in the 1970s, it started to diversify. In 2010, it sold its sugar business. The extension of its portfolio of tapioca-based starches was announced by Tate & Lyle, a producer of food and beverage solutions and ingredients, in January 2021. The expansion involves the introduction of fresh BRIOGEL gelling starches and REZISTA MAX thickening starches.
Founded in Wilmington, Delaware and headquartered in Minnetonka, Minnesota, Cargill, Incorporated is a privately held American multinational food conglomerate. Cargill Inc. made plans to increase the variety of specialty tapioca starches it offered to customers in the Asia Pacific area public in April 2021. Cargill collaborated with Starpro, a Thai company that makes food-grade tapioca starch. With this, it intends to grow in the Asia-Pacific area to meet the needs of food producers in terms of product processing and customer expectations.
Key Companies in the Industrial Starch market include
- Cargill
- Archer Daniels Midland Company
- Ingredion Incorporated
- Tate & Lyle PLC
- Universal Starch Chem Allied Ltd.
- Agrana Beteiligungs-AG
- Grain Processing Corporation
- Roquette Frères
- Tereos Group
- Chr. Hansen A/S
- Royal Cosun
- Altia Industrial Services
Industrial Starch Industry Developments
November 2021: In the United States and Canada, Ingredion introduced the environmentally friendly barrier starch FILMKOTE 2030 for superior oil and grease resistance in food service packaging. This aids producers in finding eco-friendly alternatives to fluorochemicals.
Industrial Starch Market Segmentation
Industrial Starch Type Outlook
- Native Starch
- Starch Derivatives & Sweeteners
Industrial Starch Source Outlook
- Corn
- Potato
- Cassava
- Wheat
- Others
Industrial Starch Application Outlook
- Food & Beverages
- Corrugation & Paper Making
- Animal Feed
- Pharmaceuticals
- Others
Industrial Starch Form Outlook
- Solid
- Liquid
Industrial Starch Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
