Global Complex Starch Market By Sources (Peas, Beans, Whole Grains, Vegetables), By Nutritional Content (Vitamins, Fibers, Minerals), By Derivative Type (Crosslinked Starch Ether, Crosslinked Starch Ether), By End User (Food & Beverages, Feed, Paper, Pharmaceutical & Others) By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Industry Trends and Forecast to 2030.
Global Complex Starch Market
Global Complex Starch Market is expected to reach USD 13.46 billion by 2022, which will reach USD 16.64 billion in 2030, registering a CAGR of 2.68% during the forecast period 2023-2030.
Complex starches consist of sugar molecules linked together in long, complex chains. Both simple and complex starches are converted into glucose (blood sugar) in the body and are used as the main source of energy. Complex starchy foods provide vitamins, minerals and fibre that are important for human health. All these nutritional and beneficial factors contribute to the growth of the complex starch market.
Market Drivers
Rapid growth in consumption. The global complex starch market is growing due to rapidly growing needs and the integration of various food and complex starch products. In addition, advanced features of native starch products and high consumption of prepared and ready-to-eat foods across the world are certain factors that will promote the growth of the market during the forecast period. Increased population and disposable income. Population growth globally and in developing countries such as China and India, increase in disposable income of people and changing preferences towards consumption of complex starch products are the major factors fueling the growth of the complex starch market.
Market Restraints
The high cost of natural additives along with the growth of the gum Arabic market will significantly limit the growth of the complex starch market during the forecast period. In addition, increasing volatility in commodity prices and time taken to obtain regulatory approvals will hinder overall market growth during the forecast period. This comprehensive report on Starch market includes information on new recent developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities based on new revenue pockets and changes market regulations, strategic market growth analysis, market size, category market growth, application niches and governance, product approvals, product launches, geographic expansions, technological innovations in the market.
Market Opportunities
Growing applications and use of complex starch products in various end-user industries for specific products such as thickeners, emulsifiers and others will create lucrative growth opportunities for the market during the forecast period. In addition, complex starches are also found in a variety of foods such as peas, beans, whole grains and vegetables. They have various nutritional benefits such as providing vitamins, minerals and fibers that add to the overall growth phenomenon of the market.
Impact of COVID-19
Covid-19 has severely affected almost all end-user industries due to government restrictions during the pandemic. During the pandemic, the supply chain and manufacturing facilities were hit hard by the pandemic, although this varied by industry. However, the food and beverage industry experienced tremendous growth during the pandemic and in the post-pandemic era, driven by high consumer supply and production demand. The complex starch market recovered as the supply of quality natural and organic food additives increased worldwide as the population became interested in the health and nutritional benefits of starch-related products.
Market segmentation
Global Complex Starch Market is segmented on the basis of By Sources, By Nutritional Content, By Derivative Type, By End User
Based on the By Sources market is segmented into Peas, Beans, Whole Grains, Vegetables. Further market is segmented into By Nutritional Content market is segmented into Vitamins, Fibers, Minerals. By Derivative Type market is segmented into Crosslinked Starch Ether, Crosslinked Starch Ether. By End User.
Regional Analysis
Global Complex Starch Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific dominates the complex starch market due to people's changing lifestyles and growing preferences for convenience foods and beverages, as well as the prevalence of many manufacturers in the region. During the forecast period of 2023-2030, North America is expected to grow due to increasing awareness of health benefits and increasing demand for complex starch in various end-user industries in the region.
Key Players.
Various key players are listed in this report such as ADM, Cargill Incorporated, Ingredion, Tate & Lyle, Roquette Frères, AVEBE, Grain Processing Corporation, Groupe Emsland, SPAC Starch Products, BENEO, Natural Stacks, miBiome therapeutics LLP.
Market Taxonomy
By Sources
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