Industrial Starches Market Outlook
According to a new report by Expert Market Research titled, “Industrial Starches Market Price, Share, Analysis, Report and Forecast 2023-2028″, the industrial starches market is projected to grow at a CAGR of 5.30% between 2023 and 2028. Aided by the rising demand for natural sweeteners in food products and the widening applications of starches in numerous industries, the market is expected to grow significantly by 2028.
Industrial starch is a carbohydrate derived from agricultural raw materials such as corn, wheat, and potatoes. It is commonly used as a binder, thickener, and stabiliser in a variety of food products, including baked goods, sauces, and desserts. Beyond its culinary applications, starch also exhibits beneficial properties such as adhesion, film forming, and gelling, making it a versatile ingredient in numerous industrial applications, including papermaking, textiles, and adhesives.
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The escalating consumer preference for natural sweeteners in food products is propelling the global industrial starches market growth. With increasing awareness of the potential health risks linked with artificial sweeteners, there has been a substantial shift towards natural alternatives, leading to a surge in demand for starch-based products. Additionally, the rising trend of clean-label and organic food products has further amplified the popularity of industrial starch, given its natural origin and minimal processing.
In addition, the broadening applications of industrial starch in diverse industries play a significant role in the industrial starches market development. In the papermaking industry, starch is used as a surface sizing and coating binder, providing strength to the paper. The textile industry uses starch as a fabric stiffener and printing aid. Also, starch’s adhesive properties make it a key component in the manufacturing of adhesives and glues. Additionally, the industrial starches market is being driven ahead by the expanding pharmaceutical and biotechnology industries as well as the rising demand from the paper and wallboard industries for wheat starch due to its adhesive properties, consistent viscosity, and superior performance.
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Moreover, the growing demand for bioplastics in the packaging industry has led to a heightened focus on industrial starch as a viable ingredient for biodegradable plastic products. With the rise of eco-consciousness and the increasing popularity of sustainable packaging solutions, starch has emerged as a critical component in the development of bioplastics, thereby boosting the global industrial starches market expansion.
Industrial Starches Market Segmentation
The market can be divided based on source, type, application, and region.
Market Breakup by Source
- Corn
- Wheat
- Cassava
- Potato
- Others
Market Breakup by Type
- Native
- Starch Derivatives and Sweeteners
Market Breakup by Application
- Food
- Feed
- Paper Industry
- Pharmaceutical Industry
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global industrial starches companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Cargill Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Tate & Lyle PLC
- AGRANA Beteiligungs-AG
- Roquette Frères
- Others
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