The Global Starch Market is Projected to Reach 182 Million Metric Tons by 2022

Sustained Demand from Food and Non-Food End-Use Sectors to Drive Growth in the Global Starch Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Starch market. The global Starch market is projected to reach 182 million metric tons by 2022, driven by the indispensable use of starch in food processing and expanding use of starch-based adhesives in industrial products and packaging industries.

Starch is one of the most widely available carbohydrates in nature. Produced by almost all the higher plants or vascular plants, starch is stored as energy reserve in tubers, roots, fruits, seeds, and rhizomes. Starches and starch derivatives have come to play a major role in a diverse range of applications including food & beverages, adhesives, papermaking, sweeteners, fuel and textile among others. Led by significant developments and technology advancements, starch is now established as a valuable and eco-friendly ingredient in a wide range of applications. Rapid growth of the food processing industry and increasing demand for starch-based adhesives in industrial products including packaging are driving growth in the starch market. Food & beverage industry ranks as the largest end-use sector, with starch finding extensive use in beverages manufacturing operations and in the production of food items such as chocolates & confectionery, dairy products & desserts, processed foods, deep-frozen foods, instant sauces and soups, and meat & fish products. Apart from the food industry, starch has also become integral to several day-to-day products such as medicines, cosmetics, toothpaste, building material, polish, and paper among others. In particular, starch is finding use as a renewable raw material for use in the production of packaging materials and biodegradable plastics. With demand for starch continuing to grow, starch manufacturers are moving beyond traditional sources of starch such as maize, potato and wheat towards other economical sources of starch such as cassava and sweet potato. Manufacturers are especially focusing efforts on developing ‘clean-label’ starch solutions for the food and beverage industry, owing to the rapidly growing consumer demand for healthy and natural ingredients in food products.

As stated by the new market research report on Starch, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 8.8% over the analysis period, led by factors such as favorable economic climate, rising disposable incomes and the ensuing increase in consumption of convenience foods, expanding manufacturing sector as a result of shifting of production bases to low cost Asian countries and strong growth of paper mills and packaging sectors in  China, India, Russia, and Brazil.

Major players covered in the report include AGRANA Group, Archer Daniels Midland Company, AVEBE U.A., BENEO GmbH, Cargill Inc., Chemstar Products Company, Global Bio-Chem Technology Group Company Limited, Grain Processing Corporation, Ingredion Incorporated, PT. Budi Starch & Sweetener Tbk, Roquette Frères, Tereos Starch & Sweeteners s.a.s., Tate & Lyle Plc, and The Emsland Group, among others.

The research report titled “Starch: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report analyzes the starch market by the following Product Group/Segment - Dry Starch (Native, Modified and Other Dry Starches) and Liquid Starch.

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