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  • Published On : Sep 2022
  • Code : CMI5202
  • Industry : Food and Beverages
  • Pages : 159
  • Formats :

The global industrial starches market size was valued at USD 51,496.75 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.40% from 2022 to 2030. Global expansion of food processing sector is driving growth of the industrial starches market. Moreover, increasing demand for clean label food products is again driving growth of the market. For instance, in March 2020, Tate & Lyle expanded its line of Claria clean label starches and launched Claria Everlast. The starch is designed to solve formulation challenges related to refrigerated and freeze thaw stability in categories, such as frozen meals, sauces, and yogurts. The ingredient is not-GMO and has a clean taste and neutral color.

Global Industrial Starches Market: Regional Insights

Europe is expected to dominate the global industrial starches market over the forecast period and this is attributed to the high production of starches in the region. According to the European Starch Industry Association, in 2020, the total starch production in Europe, which included wheat, maize, and potatoes stood at 11.5 million metric ton in comparison to 10.7 million metric ton in 2018. The European Starch Industry Association is the trade association, and its membership comprises 28 EU starch producing companies, representing more than 95% of the EU starch industry

North America is also expected to gain fastest growth over the forecast period high production of corn. The US is accounted for the largest producer of corn with a production of 383.94 million metric ton in 2021-2022, which is utilized in various application areas, including the production of starch. According to the Coherent Market Insights analysis, The US industrial starches market was valued at USD 13,310.58 million in 2021, and it is projected to reach USD 16,599.22 million by 2027, registering a CAGR of 3.78% during the forecast period (2022-2030).

Figure 1. Global Industrial Starches Market Value Share (%), By Region, 2021

Industrial Starches  | Coherent Market Insights

Global Industrial Starches Market Drivers:

Increasing investment by key players in starch production to meet the growing demand is driving growth of the industrial starches market. For instance, in February 2019, Cargill invested EUR 20 million in its starch production plant in Sas Van Gent, the Netherlands, and expanded the instant starch capacity. The investment supported the increased consumer demand for convenience food.

Growing demand from bio-plastic industry is again propelling growth of the market. Starch-based films, when used in conjunction with PLA films as an outer layer, are used in different food packaging applications. For instance, Mars Incorporated replaces BOPP (Biaxially oriented Polypropylene) from its candy packaging by incorporating a new compound made of the starch derived from potato cutting waste.

Global Industrial Starches Market Opportunities:

Growing advancement in production technology is projected to bring lucrative growth opportunities for the key players in the near future. Increasing need to cut down to the production costs and meet the growing demand for healthy food products and offer modified starches and native starches is fostering market growth.

Increasing application of starches nano-composite in biomedical application is also projected to offer lucrative growth opportunities.

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Industrial Starches Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 51,496.75 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.40% 2030 Value Projection: US$ 79,100.00 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Native Starch, Starch Derivatives and Sweeteners
  • By Source: Corn, Wheat, Cassava, Potato, Other Sources
  • By Application: Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications
Companies covered:

Cargill Incorporated, Archer Daniels Midland Company, Ingredion Inc., Tate & Lyle PLC, Agrana Beteiligungs AG, Kent Nutrition Group Inc. (Grain Processing Corp.), Roquette Frères, Tereos Group, Coöperatie Koninklijke Cosun U.A, Altia PLC, Angel Starch and Food Pvt. Ltd, Manildra Group, and Japan Corn Starch Co. Ltd

Growth Drivers:
  • Increasing investment by key players in starch production
  • growing demand from bio-plastic industry
Restraints & Challenges:
  • Fluctuating price of raw materials and climate changes
  • Growing prevalence of lifestyle disorder

Global Industrial Starches Market Trends:

Growing trend of cold-water swelling starches in food industries is projected to uplift the market growth. Cold water swelling starches offer a better viscosity in a short time mix saving time and cost. This is beneficial for convenience food. Moreover, it also give unique textures to end products such as sauces and dressings, snacks, bakery goods, and prepared dairy products.

There has been a big push observed in market to reduce the usage of plastic globally. Due to this large number of food manufacturers are looking for plastic-free packaging options. For instance, Nestlé Japan announced it will swap the plastic wrapping on its KitKat candy bars with paper, in a bid to become one step closer to its commitment of 100% recyclable or reusable packaging by 2025.

Global Industrial Starches Market Restraints:

Global consumers have been cutting down sugar and sweeteners intakes, such as high- fructose corn syrup, due to health and weight management reasons is expected to hinder the market growth. Moreover, rise in prevalence of lifestyle disorder such as obesity and diabetes reducing the consumption of starch-based sweeteners, this is again restricting market growth.

Fluctuating price of raw materials and climate changes are other major factors expected to restrict the market growth.

Figure 2. Global Industrial Starches Market Value Share (%), By End Users, 2021

Industrial Starches  | Coherent Market Insights

Global Industrial Starches Market Segmentation:

The global industrial starches market report is segmented into type, source, application, and geography

Based on type, the market is segmented into native starch and starch derivatives and sweeteners. Out of which, starch derivatives and sweeteners is expected to dominate the global market over the forecast period and this is attributed to the growing demand for functional food products and clean label products. The confectionery and beverage industry accounts for the largest share, whereas the functional food application is witnessing fastest growth food and beverage industry.

Native Starch segment is also expected to witness significant growth in the near future. The native segment of the market studied was valued at USD 13,921.1 million in 2021, and it is projected to reach USD 19,590.3 million by 2027, registering a CAGR of 5.89% during the forecast period, 2022-2027.

Based on source, the market is segmented into corn, wheat, cassava, potato, and other sources. Out of which, corn segment is expected to dominate the global market over the forecast period and this is attributed to the high demand from food industry due to its textural and thickening properties especially for diary and beverages segment.

Wheat segment is also expected to witness significant growth in the near future and this is owing to the  growing demand for starch produced from wheat, as a stabilizing and gelling agent in various end-user sectors,

Based on application, the market is segmented into Food, Feed, Paper Industry, Pharmaceutical Industry, and Other Applications. Out of which, food sector is expected to dominate the global market over the forecast period and this is attributed to the global expansion of food industry. The food segment of the market studied was valued at USD 29,364.17 million in 2021, and it is projected to reach USD 39,351.72 million by 2027, registering a CAGR of 5.03% during the forecast period, 2022-2027. There has been high demand for starches, such as native and modified starches, which are used as binders, thickeners, and stabilizers in the food and beverage sector.

Paper Industry segment is also expected to witness significant growth in the near future and this is owing to the increasing demands in the production and processing of paper bags, tissues, packaging papers, corrugating boards, and stationery products. Papermaking is the largest non-food application for starches, worldwide.

Global Industrial Starches Market: Key Developments

  1. In April 2021, Cargill partnered with Starpro, the food-grade tapioca starch producer in Thailand, to expand its specialty tapioca starch offerings in the Asia-Pacific region. The agreement would cover a full range of locally manufactured modified tapioca starches for the food industry across markets in Asia- Pacific and globally. In addition, Cargill also offers a comprehensive portfolio of starches and starch-based texturizing solutions across different raw materials that provide multi-functional properties to meet the varied needs of Asian customers' food processes and cuisines.
  2. In January 2021, Cargill doubled its production capacity of cold- water swelling starch (CWSS) at its Pandaan sweetener plant in Indonesia. CWSS is ideal for cold prepared dairy products, snacks, bakery products and fillings, and sauces and dressings.
  3. In December 2019, The ADM Company decided to expand the reach of its starch portfolio to the Canadian market through a partnership with IMCD, a leading distributor of specialty chemicals and food ingredients. ADM texture solutions available to buyers in the Canadian market will include tapioca starch, corn starch, and tapioca maltodextrin, in addition to a range of other ADM solutions.
  4. In November 2021, Ingredion launched Sustainable Barrier Starch-FILMKOTE®2030 for High- Performing Oil and Grease Resistance in Food Service Packaging in the United States and This helps manufacturers to replace Fluorochemicals with a sustainable alternative.

Global Industrial Starches Market: Key Companies Insights

The global industrial starches market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global industrial starches market are Cargill Incorporated, Archer Daniels Midland Company, Ingredion Inc., Tate & Lyle PLC, Agrana Beteiligungs AG, Kent Nutrition Group Inc. (Grain Processing Corp.), Roquette Frères, Tereos Group, Coöperatie Koninklijke Cosun U.A, Altia PLC, Angel Starch and Food Pvt. Ltd, Manildra Group, and Japan Corn Starch Co. Ltd

*Definition: Industrial starch is derived from natural sources and is used in a wide range of applications. Its use in the food industry is growing, as it is widely used in baking and other bakery products. Despite its growing popularity, native starch is still restricted to some applications due to its structure. Native starches are also used in building materials, paper, cosmetics, and pharmaceuticals. The demand for industrial starch is rising across various end-use markets.

The usage of industrial starches varies according to the industry. Corn starch is used in the paper industry as a sizing material and as a filler. It is also used in the textile and laundry industries. Other industries that use starch include the adhesive industry, foundry, and air flotation. These ingredients are inexpensive and versatile, and offer several functional benefits. In addition, they can be modified chemically and physically. Therefore, they are an excellent option for a wide range of food products.

Market Dynamics:

Expansion of global food processing sector is augmenting growth of the industrial starches market. Increasing investment by key players in starch production to meet the growing demand is again driving growth of the industrial starches market. Moreover, increasing demand from bio-plastic industry is also propelling growth of the market. Furthermore, growing trend of cold-water swelling starches in food industries is projected to uplift the market growth.

Fluctuating price of raw materials and growing popularity of low calorie food products are other major factors expected to restrict the market growth.

Key features of the study:

  • This report provides in-depth analysis of the global industrial starches market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global industrial starches market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Cargill Incorporated, Archer Daniels Midland Company, Ingredion Inc., Tate & Lyle PLC, Agrana Beteiligungs AG, Kent Nutrition Group Inc. (Grain Processing Corp.), Roquette Frères, Tereos Group, Coöperatie Koninklijke Cosun U.A, Altia PLC, Angel Starch and Food Pvt. Ltd, Manildra Group, and Japan Corn Starch Co. Ltd
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global industrial starches market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial starches market

Detailed Segmentation:

  • Global Industrial Starches Market By Type:
    • Native Starch
    • Starch Derivatives and Sweeteners
  • Global Industrial Starches Market By Source:
    • Corn
    • Wheat
    • Cassava
    • Potato
    • Other Sources
  • Global Industrial Starches Market By Application:
    • Food
    • Feed
    • Paper Industry
    • Pharmaceutical Industry
    • Other Applications
  • Global Industrial Starches Market By Geography:
    • North America Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa
  • Company Profiles
    • Cargill Incorporated
    • Archer Daniels Midland Company
    • Ingredion Inc.
    • Tate & Lyle PLC
    • Agrana Beteiligungs AG
    • Kent Nutrition Group Inc. (Grain Processing Corp.)
    • Roquette Frères
    • Tereos Group
    • Coöperatie Koninklijke Cosun U.A
    • Altia PLC
    • Angel Starch and Food Pvt. Ltd
    • Manildra Group
    • Japan Corn Starch Co. Ltd

Frequently Asked Questions

The global industrial starches market size is estimated to be valued at US$ 51,496.75 Million in 2021 and is expected to exhibit a CAGR of 5.40% between 2022 and 2030.
Increasing investment by key players in starch production and growing demand from bio-plastic industry are fuelling the growth of market.
The Starch Derivatives and Sweeteners segment is the leading component segment in the market.
Fluctuating price of raw materials and climate changes is the major factors restraining growth of the market.
Cargill Incorporated, Archer Daniels Midland Company, Ingredion Inc., Tate & Lyle PLC, Agrana Beteiligungs AG, Kent Nutrition Group Inc. (Grain Processing Corp.), Roquette Frères, Tereos Group, Coöperatie Koninklijke Cosun U.A, Altia PLC, Angel Starch and Food Pvt. Ltd, Manildra Group, and Japan Corn Starch Co. Ltd

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