Global Starch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Starch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Starch market finds that the global Starch market reached a value of USD 41135.07 million in 2022. It’s expected that the market will achieve USD 46791.65 million by 2028, exhibiting a CAGR of 2.17% during the forecast period.

Wide range of applications

In addition to the ingredients commonly used in daily human diets, starch is widely used in various industries such as pharmaceuticals, processed foods and beverages, increasing the growth of the world starch market.

Corn starch

One of the main drivers of the starch market is the high demand for corn starch in the food and beverage industry as a thickener, gelling agent and stabilizer. Due to its low price, the corn starch market has achieved high demand in the global industrial starch market.

textile industry

Product application in the textile industry is expected to drive the global modified starch market. Increasing use of product, such as starch graft copolymers, starch esters, starch ethers, and cationic starch, will drive this application segment. These starches are used in printing and finishing applications in textiles and have substituted polyvinyl alcohol.

New modified starch

The development of biotechnology is expected to reduce production costs and meet consumer demand for healthy foods, thus providing new opportunities for new modified starches.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Ingredion is one of the major players operating in the Starch market, holding a share of 12.89% in 2023.

Ingredion

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa.

Cargill Corp

Cargill Corp is a multinational corporation. The Company is an international producer and marketer of food, agricultural, financial and industrial products and service.

Segmentation Overview:

Among different product types, Edible Starch segment is anticipated to contribute the largest market share in 2028.

Edible Starch

Edible starch, which has relatively high-quality requirements, is mainly used for making food, wine making, etc.

Industrial Starch

The biggest difference between industrial starch and edible starch is that industrial starch contains heavy metals, toxic substances and other impurities, and industrial starch has no sanitary requirements.

Officinal Starch

This is mainly used in capsules

Application Overview:

By application, the Starch Sugar segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Starch market covered in Chapter 3:

Xiwang Group Company Limited
Tate & Lyle
Manildra Group
Guangzhou Shuangqiao Co Ltd
Roquette
Shandong Luzhou Food Group Co., Ltd.
COFCO Group
Cargill
ADM
Grain Processing Corporation
AGRANA Beteiligungs-AG
AVEBE
Ingredion

In Chapter 4 and Chapter 14.2, on the basis of types, the Starch market from 2018 to 2029 is primarily split into:

Edible Starch
Industrial Starch
Officinal Starch

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Starch market from 2018 to 2029 covers:

Starch Sugar
Monosodium
Medicine
Modified Starch
Food
Beer
Paper

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)