Global Industrial Starch Market to Reach $93.6 Billion by 2030
The global market for Industrial Starch estimated at US$60.8 Billion in the year 2023, is expected to reach US$93.6 Billion by 2030, growing at a CAGR of 6.4% over the period 2023-2030. Starch Derivatives & Sweeteners, one of the segments analyzed in the report, is expected to record 6.8% CAGR and reach US$61 Billion by the end of the analysis period. Growth in the Native Starch segment is estimated at 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.9 Billion, While China is Forecast to Grow at 9.8% CAGR
The Industrial Starch market in the U.S. is estimated at US$15.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.4 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
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