Asia-Pacific Industrial Starch Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Flavor (Vanilla, Chocolate, Fruit, and Others), Category (Conventional and Sugar Free), Form (Cups and Tubs, Bars and Sticks, and Others), and Distribution

Asia-Pacific Industrial Starch Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Flavor (Vanilla, Chocolate, Fruit, and Others), Category (Conventional and Sugar Free), Form (Cups and Tubs, Bars and Sticks, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

The APAC industrial starch market is expected to grow from US$ 21,098.20 million in 2022 to US$ 31,579.39 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2022 to 2028.
The food & beverages industry has witnessed significant growth for clean label ingredients such as starch. The food & beverages industry extensively uses starch, along with maize, potato, and cassava starch, in various food products as the primary ingredient, such as bakery products, confectioneries, dairy products, fruit drinks, alcoholic beverages, savory snacks, and processed meat products. It is also used as an additive for thickening, preservation, and quality enhancer in baked food products, confectioneries, canned jams, juices, soups, pasta, sauces, and mayonnaise. In these formulations, it serves as a binder, thickener, stabilizer, and gelling agent. There is a strong demand for starch and its derivatives, such as maltodextrins, isoglucose, and polyols, in the food & beverages industry. Thus, the increasing demand for starch in the industry is driving the growth of the industrial starch market in the region.
Vendors in the industrial starch market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the market at a good CAGR during the forecast period.
APAC Industrial Starch Market Revenue and Forecast to 2028 (US$ Million)

APAC Industrial Starch Market Segmentation

The APAC industrial starch market is segmented on the type, source, application, and country. Based on type, the market is segmented into native starch and starch derivatives and sweeteners. The starch derivatives and sweeteners segment dominated the market in 2022 and is expected to register the highest CAGR during forecast period. Based on source, the market is segmented into potato, corn, wheat, cassava, and others. The wheat segment dominated the market in 2022 and corn segment is expected to register the highest CAGR during the forecast period. Based on application, the APAC industrial starch market is segmented into food and beverages, pulp and paper, animal feed, pharmaceuticals, and others. The food and beverages segment dominated the market in 2022, and pulp and paper segment is expected to register the highest CAGR during the forecast period. Based on country, the APAC industrial starch market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
ADM; AGRANA Beteiligungs AG; Cargill, Incorporated; Grain Processing Corporation; Ingredion Incorporated; Roquette Frères; Royal Cosun; Tate & Lyle PLC; and Tereos Group are among the leading companies operating in the APAC industrial starch market.

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Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the industrial starch market, as well as those hindering it
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