Industrial Starches Market, 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), and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
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:
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