Global 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 Region - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2027.
Global Industrial Starches Market
Global Industrial Starches Market was valued at USD 50,232 million in 2021 which expected to reach 68, 270 million BY 2027, At a CAGR 3.88% from 2022-2027.
Industrial starch is versatile food additive in food industry. It is extensively used in the food industry as it offers an excellent stabilizing effect. Further, industrial starch can be modified either chemically/physically for multipurpose uses. The industrial starch derived from various sources such as Corn, Wheat, Cassava, Potato, Other Sources.
Market Drivers
The increase in demand from bio-plastic industry is expected to fueling growth of the market. Starch-based films, when used in conjunction with PLA films as an outer layer, are used in different food packaging applications. For instance, Mars Incorporated replaces Biaxially oriented Polypropylene (BOPP) from its candy packaging by incorporating a new compound made of the starch derived from potato waste.
Furthermore, the rise in investment by key players in starch production to meet the raising demand is driving growth of the industrial starches market. For instance, in 2019, Cargill invested around EUR 20 million in its starch production plant in Sas Van Gent, the Netherlands & expanded the instant starch capacity. The investment supported the increased demand for convenience food.
Market Restraints
Global consumers have been cutting down sugar & sweeteners intakes, such as high- fructose corn syrup, due to health & weight management reasons is expected to hamper the market growth. Moreover, increase in prevalence of lifestyle disorder such as obesity & diabetes reducing the consumption of starch-based sweeteners, this is again limiting market growth.
Market Segmentation
Global industrial Starches Market is segmented into type such as Native Starch, Starch Derivatives and Sweeteners. By source, market is segmented into Corn, Wheat, Cassava, Potato, Other Sources. Further, market is segmented into application such as Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications.
Regional Analysis
Global industrial Starches Market is segmented into five segments such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa. Europe is projected to dominate the global industrial starches market over the forecast period due to the high production of starches in the region. For instance, as per the European Starch Industry Association, in the year 2020, the total starch production in Europe, which included maize, wheat, and potatoes stood at 11.5 million metric ton in comparison to 10.7 million metric ton in the year 2018. Also, North America is expected to gain fastest growth throughout the forecast period high production of corn.
Key Players
Archer Daniels Midland Company, Cargill Incorporated, Ingredion Inc., Tate & Lyle PLC, Kent Nutrition Group Inc. (Grain Processing Corp.), Tereos Group, Coöperatie Koninklijke Cosun U.A, Altia PLC, Angel Starch and Food Pvt. Ltd, Manildra Group, etc.
Market Taxonomy
By Type
- Native Starch
- Starch Derivatives
- Sweeteners
- Corn
- Wheat
- Cassava
- Potato
- Others
- Food
- Feed
- Paper Industry
- Pharmaceutical Industry
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Industrial Starches Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Industrial Starches Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Industrial Starches Market Share Analysis, By Type
- 5.3 Global Industrial Starches Market Size and Forecast, By Type
- 5.3.1 Native Starch
- 5.3.2. Starch Derivatives
- 5.3.3. Sweeteners
- 6 Global Industrial Starches Market, By Source
- 6.1 Y-o-Y Growth Comparison, By Source
- 6.2 Global Industrial Starches Market Share Analysis, By Source
- 6.3 Global Industrial Starches Market Size and Forecast, By Source
- 6.3.1 Corn
- 6.3.2. Wheat
- 6.3.3. Cassava
- 6.3.4. Potato
- 6.3.5. Others
- 7 Global Industrial Starches Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Industrial Starches Market Share Analysis, By Application
- 7.3 Global Industrial Starches Market Size and Forecast, By Application
- 7.3. 1 Food
- 7.3.2. Feed
- 7.3.3. Paper Industry
- 7.3.4. Pharmaceutical Industry
- 7.3.5. Others
- 8 Global Industrial Starches Market, By Region
- 8.1 Global Industrial Starches Market Share Analysis, By Region
- 8.2 Global Industrial Starches Market Share Analysis, By Region
- 8.3 Global Industrial Starches Market Size and Forecast, By Region
- 9 North America Industrial Starches Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Industrial Starches Market Share Analysis, By Type
- 9.3 North America Industrial Starches Market Size and Forecast, By Source
- 9.4 North America Industrial Starches Market Size and Forecast, By Application
- 9.5 North America Industrial Starches Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Industrial Starches Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Industrial Starches Market Share Analysis, By Type
- 10.3 Europe Industrial Starches Market Size and Forecast, By Source
- 10.4 Europe Industrial Starches Market Size and Forecast, By Application
- 10.5 Europe Industrial Starches Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11 Asia Pacific Industrial Starches Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Industrial Starches Market Share Analysis, By Type
- 11.3 Asia Pacific Industrial Starches Market Size and Forecast, By Source
- 11.4 Asia Pacific Industrial Starches Market Size and Forecast, By Application
- 11.5 Asia Pacific Industrial Starches Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Industrial Starches Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Industrial Starches Market Share Analysis, By Type
- 12.3 Latin America Industrial Starches Market Size and Forecast, By Source
- 12.4 Latin America Industrial Starches Market Size and Forecast, By Application
- 12.5 Latin America Industrial Starches Market Size and Forecast, Country
- 12.5.1. Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Industrial Starches Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Industrial Starches Market Share Analysis, By Type
- 13.3 Middle East Industrial Starches Market Size and Forecast, By Source
- 13.4 Middle East Industrial Starches Market Size and Forecast, By Application
- 13.5 Middle East Industrial Starches Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Archer Daniels Midland Company
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2. Cargill Incorporated
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Ingredion Inc
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Tate & Lyle PLC
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Kent Nutrition Group Inc. (Grain Processing Corp)
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Tereos Group
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Coöperatie Koninklijke Cosun U.A
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Altia PLC
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Angel Starch and Food Pvt. Ltd
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Manildra Group
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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