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The industrial starch market is subject to multiple factors that shape its dynamics and growth. To begin with, there is huge demand for the product in the food and beverage industry. Starch is a major ingredient in many food products, such as bakery items, candies, soups, sauces, and dairy products. It provides important functional properties like gelling, thickening, and binding, which are used to control the texture, viscosity, and mouth feel of food formulations. Further, the industry size is also influenced by its large-scale use in non-food applications. For instance, starch is found in paper packaging, textiles, pharmaceuticals, and personal care products, among others. In the paper sector, for example, starch can act as a binder and surface coating agent, improving paper strength, surface properties, printability, etcetera, while in textile, it serves as a sizing agent, making fabrics strong, stiff, or even more appealing. Moreover, it also acts as a tablet binder and disintegrant in pharmaceuticals, besides being utilized as a thickener for lotions, creams, and cosmetics within the personal care category.
Besides that, the increasing need for bio-based materials from renewable resources fosters the growth of the industrial starch market segment. Some of these plant sources include corn, tapioca wheat, and potatoes, thus offering an alternative to synthetic or petroleum-based ingredients for various applications. Also, modern technological advancements have resulted in modification/processing techniques that increase market size further than before. With advances in enzyme technology, genetic engineering, and biotechnology, modified starches with improved functional properties can be produced. The different types of modified starches, such as resistant pre-gelatinized cationic, amongst others, are important due to their improved stability viscosity freeze-thaw stability and have found wide applications not only in food but also in industrial sectors alongside those of pharmaceuticals.
The other set of reasons influencing the industrial starch market includes economic aspects, such as A fluctuation in corn, wheat, and other feedstock material prices, which can affect the cost of production and profit margins for starch producers. Furthermore, there is a significant regulatory environment aspect affecting this industry. Ingredients suppliers are required to comply with food regulations, quality standards, product labeling requirements, and risk-based testing systems. Demographic trends such as population growth, urbanization, and consumer lifestyles also shape the demand for industrial starch products. These include high urbanization rates and diets that require processed foods that need starch as a key ingredient. Moreover, disposable incomes are on the rise while customers' tastes have changed, demanding more textures and flavors in their foods or ease of use.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 73.2 Billion |
| Market Size Value In 2023 | USD 77.66 Billion |
| Growth Rate | 6.10% (2023-2032) |
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
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