Industrial starch is derived from a variety of natural sources, including wheat, maize, cassava, and potato, among others. The paper industry makes extensive use of industrial starch during the manufacturing and coating processes. The expansion of the global food processing industry is propelling the expansion of the industrial starches market. Increasing demand for food products with clean labels is also propelling market expansion. The growth of the industrial starches market is driven by the increasing investment of key players in starch production to satisfy rising demand. Also, increasing demand from the bio-plastics industry is once more driving market expansion.
According to an analysis by Coherent Market Insights, the market for Industrial Starches in the United States is growing at a CAGR of 3.78 percent over the forecast period (2022-2030).
Major Players in the Industrial Starches Industry:
Cargill Incorporated
Cargill Incorporated is a privately held American global food corporation, founded in 1865, and is headquartered in Minnesota, US. It operates significant operations in the US & Canada, Central America, China & Southeast Asia and the UK. In March 2023, collaboration between Cargill and CUBIQ FOODS on cutting-edge fat technology will speed up consumer innovation for plant-based foods.
Archer Daniels Midland Company
Archer Daniels Midland Company commonly known as ADM, is an American multinational food processing and commodities trading corporation, founded in 1902 and is headquartered in Chicago, Illinois. It markets in 200 countries and operates in North America, South America, Europe, Middle East, Africa and Asia Pacific. In April 2023, ADM planned to expand its starch production in Marshall.
Ingredion Inc.
Ingredion Inc. is a multinational American ingredient producer, founded in 1906, that primarily produces starches, non-GMO sweeteners, stevia, and pea protein, headquartered inWestchester, Illinois-based. It operates through four segments: North America, South America, Asia-Pacific, and Europe, Middle East and Africa (EMEA). In November 2022, Ingredion, Inc. announced of its completion of one-third of its $160 million in capital investments to substantially expand its global supply chain's capacity for a variety of modified and clean label specialty starches.
Tate & Lyle PLC
Tate & Lyle PLC is a global supplier of food and beverage ingredients to industrial markets. It was founded in 1921 and is headquartered in England, UK. It operates in over 140 countries. In July 2021, Tate & Lyle announced Completion of sale of a controlling stake in Tate & Lyle's Primary Products business to KPS Capital Partners, LP.
Agrana Beteiligungs AG
Agrana Beteiligungs AG is a food company based in Vienna, founded in 1988 and is headquartered in Vienna, Austria. The Company operates over 50 production sites globally. In February 2023, at the BIOFACH 2023, AGRANA planned to highlight the areas in which organic starch improves food and beverages, as well as grain proteins such as wheat gluten as a plant-based alternative to livestock.