Global Industrial Starch Market 2021 Size, Share, Growth, Trends, Type, Application and Forecast By 2027
Due to the increasing demand and wide application of industrial starches in various end-user industries, industrial starch market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Industrial Starch Market Research Report- Forecast to 2023 that the Industrial Starch market will demonstrate an exceptional CAGR.
Industrial Starch is an essential ingredient both for the food and non-food industry. For starch production, raw materials constitute around 60 percent of the total cost incurred. Also, with the advancement of technology, starch manufacturing units have adopted a full set of modern technology, facilitating cost effective production. Various by products were disposed of traditionally, but now as the manufacturers know the value of these by product, they are now processed and used as valuable raw material in various application. There has been huge demand of starch in production of bio-degradable plastic. Industrial players rely on starch to produce bio-degradable plastic as this plastic can be easily degraded by enzymatic & chemical processes and the end product can be used as compost, and hence used as fertilizers.
The burgeoning demand for High Fructose Corn Syrups (HFCS) in the category of food and beverages is anticipated to be pivotal to the rising demand for corn starch-based sweeteners in the near future. In the food industry, starches are used as a thickener, gelling agent, or as a stabilizer to manufacture snacks, meat products, fruit juices and other food products. Starches as well as its derivatives are extensively used in food formulation and the beverage industry as it is a valuable raw material to modify food texture and consistency. With changing dietary patterns, growing consumer health awareness and increasing demand of functional food and beverages, has encouraged the use of industrial starches in preparation of healthy, nutritional, and functional products. These factors supports the development of products such as frozen, chilled, low-fat, and gluten-free foods, where starch can be used as the main or co-ingredient.
Latest Industry Updates
January 2017, Ingredion Incorporated launched 9 additions to Non-GMO Project certification. The starches product line offers extensive variety of development tolerance and stability in various applications such as dressings, sauces, ready meals, yogurts and dairy desserts.
November 2016, Cargill invested € 35 million in order to expand its sweeteners production unit in Europe
2015, Ingredion completed the acquisition of Penford Corporation
2014, ADM built a sweetener and soluble-fiber manufacturing complex at Tianjin port, China. The Chinese sweetener facility became fully operational in 2015.
Global Industrial Starch Market - Competitive Analysis
The industrial starch market is competitive with major market players operating at the global level. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality. With manufacturers aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points from both supply and demand side. T
Starch industry is fragmented, for instance, the Chinese corn starch industry is highly fragmented with 14 leading corn-processing companies accounting for about 50% of China’s total corn processing capacity. The industry is likely to consolidate into fewer, larger companies through mergers, acquisitions and closures of small outmoded plants. ADM’s net sales from starches and sweeteners segment increased by 15.4% to USD 48.9 billion in 2011 from 2010 due to improved US demand from industrial starches. But the operating profit from sweeteners and starches segment decreased from USD 320 to USD 209 million due to increased corn/raw material prices.
The leading market players in the Global Industrial Starch market primarily are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and Roquette Frères (France),
Global Industrial Starch Market – Segments
The global Industrial Starch market has been divided into type, form, application, and region.
On The Basis Of Type: Sweeteners, Modified Starch and Native Starch
On The Basis Of Form: Powder, Liquid, and Gel
On The Basis Of Application: Food & Beverages (Confectionery, Processed food, Beverages, and Others) and Non-Food (Corrugation & Paper making, Pharmaceuticals, Textile, Personal Care, and Others)
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
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