According to the reports and data, the Global Industrial Starch Market was valued at USD 92.08 Billion in 2020 and is projected to grow at a CAGR of 6.64% from 2019 to reach USD 151.12 Billion by the year 2028. The most abundant carbohydrate found in the market that acts as a critical factor in determining the quality of food products. Moreover, it is one of the essential polymers that has been extensively used daily in both food and non-food application. It is normally derived from the natural source of polymer, available in plentiful quantity, low cost, and usually consumable and edible by an animal or any living creature. Moreover, it is extracted from a variety of sources worldwide, such as barley, corn, potato, wheat, tapioca, and rice.
Geographically, the industrial starch market is categorized as Europe, Asia- Pacific, North America, and The Middle East & Africa. Asia-Pacific region is driven by growing intake, and sweeteners in China and India. China holds a majority of the market share in the APAC region. Developing countries like Thailand, China, and India are in a better position in terms of price cuts. North America and Europe hold major market share due to the market owing to the growing industrial packaging and end-use industries.
The consumer demand in America is demanding for more variety of food and beverage that can promote healthier diets and lifestyles, and manufacturers are increasingly looking for new ways to decrease calories, fat, and sugar, and enrich products. To meet the demand and supply of Latin America, Tate & Lyle opened new Latin American headquarters and application centers in Brazil in November 2019.
The new application center will help industrial starch manufacturers develop products that meet increasing consumer preferences for healthier, tastier food and beverages. It is a perfect base used in the manufacturing of adhesives, particularly those designed to bond paper, in some form, to itself or to other materials, such as glass, mineral wool, and clay.
The Industrial Starch market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Industrial Starch market.
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Competitive Landscape:
The research report offers details about leading companies in the global Industrial Starch market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- Cargill (US),
- Archer Daniels Midland Company (US),
- Ingredion Incorporated (US)
- Tate & Lyle PLC (UK),
- Agrana Beteiligungs-AG (Austria)
Other players that are active in the industry and have high revenue share are:
- Grain Processing Company (US),
- Roquette Frères (France),
- The Tereos Group (France),
- Royal Cosun (Netherlands),
- Altia Industrial Services (Finland)
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Market Segmentation:
The Global Industrial Starch industries are also studied based on leading segments, and examines dominant product and application segments in detail. The report aims to help reader’s benefits from the growth prospects existing in the market in the global Industrial Starch industries. It offers key information on drivers and restraints influencing the leading segments in the global Industrial Starch industries.
Industrial Starch Market Segmentation based on Type Outlook:
- Native starch
- Derivatives & sweeteners
Industrial Starch Market Segmentation based on Form Outlook;
- Dry
- Liquid
Industrial Starch Market Segmentation based on Source Outlook:
- Corn
- Wheat
- Cassava
- Potato
- Other sources
Industrial Starch Market Segmentation based on Application Outlook:
- Food & beverage
- Feed
- Paper Making & Corrugation
- Other applications
For comprehensive coverage, the report discusses growth prospects, opportunities, and challenges. The market report considers various key factors across the leading regions.
Industrial Starch Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key Features of the global Industrial Starch Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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