North America Starch Market Research Report Forecast to 2030
The North American starch market is noticing continuous growth during the forecast period, with a CAGR of 5.53% during the forecast period. In 2022, USD 4,634.3 million was the overall market for starch and is anticipated to reach the value of USD 7,064.1 million by the forecast period. Starch is majorly being used to produce corrugated paperboard, paper bags, boxes, and gummed paper and tape. Large quantities of starch are also used in the textile industry as warp sizing, which imparts strength to the thread during weaving owing to which it is observing an increase in demand in the textile industry. Apart from that, starch is also being used in the food industry, that in turn impels its demand and is projected to grow during the forecast years.
Moreover, the increasing adoption of bio-based products across the food industry starch market. Moreover, the manufacturers operating in the starch market are continuously focusing on the development of quality, and innovative products with various labels such as natural, organic, and GMO-free among others. These are the major factors owing to which the market is foreseeing lucrative opportunities and is likely to observe noticeable growth during the projected years. However, the fluctuating price of the main raw materials used in starch production, such as corn, rice, and potatoes, may hamper the growth of the starch market.
Market SegmentationNorth American starch is bifurcated into native, modified, and waxy based on type. In 2022, modified starch emerged as the leading segment with a market share of 62.63% in terms of market value.
Based on source, corn, wheat, potatoes, rice, tapioca, sago, and other segments are the key segments for the North American starch market.
The North American starch market is also analyzed based on the end user and is further segmented into residential/retail, and commercial/industrial.
Food & beverage, Animal Feed, Pharmaceuticals, paper & textiles industry, and others are the major subsegments of the application of the North American starch market.
Major PlayersThe major players consider for the analysis of the starch market include AGRANA Beteiligungs-AG (Austria), ADM (U.S.), Tate & Lyle (United Kingdom), Cargill Incorporated. (U.S.), Ingredion (U.S.), Roquette Frères (France), KENT Corporation (U.S.), Avebe (The Netherlands), Manildra Group (Australia), and The Tereos Group (France).
Companies Mentionedinclude AGRANA Beteiligungs-AG (Austria)
ADM (U.S.)
Tate & Lyle (United Kingdom)
Cargill Incorporated. (U.S.)
Ingredion (U.S.)
Roquette Frères (France)
KENT Corporation (U.S.)
Avebe (The Netherlands)
Manildra Group (Australia)
and The Tereos Group (France)
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