The Global Starch Market is Projected to Reach 151.6 Million Metric Tons by 2024

Sustained Demand for Starch from Food Processing and Industrial Applications 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 151.6 million metric tons by 2024, driven by the indispensable nature of the ingredient in food and beverage processing and non-food sectors.   

Starch is one of the most widely available carbohydrates in the nature. Produced by almost all the higher plants or vascular plants, starch is stored as energy reserve in the tubers, roots, fruits, seeds, and rhizomes. Starch is widely found in staple foods such as corn, potatoes, rice, wheat and cassava. The end-use applications of starch have grown in number over the years, and now include diverse applications ranging from food & beverages, pharmaceuticals, paper & glues, ceramics, construction, weaving & textiles, to cosmetics, colors and printing, among others.

Demand for starch primarily depends on the diversity and sheer number of end-use applications. Growing demand for starch as a thickening agent, stabilizer, binder and emulsifier in various applications contributes to the market’s growth. Rapid growth of the food processing industry and increasing demand for starch in industrial products are driving growth in the starch market. Food & beverage industry is the largest end-use sector with sweetener applications representing the largest sub-segment worldwide, while processed foods rank as the leading application area in the developing world. Increasing demand for convenience foods and beverages, especially in developing nations with large population base and rising disposable incomes of people, constitutes a major growth driver in the starch market. Also favoring market growth is the increasing demand for natural ingredients in food and feed, the increasing focus on general well-being and health foods, and the rising awareness about the advantages of functional foods.

Besides being widely used in the food industry, starch is increasingly becoming an integral component in several day-to-day products including medicines, cosmetics, toothpaste, building material, polish, and paper among others. Starch market is being driven by the growing demand for adhesives in various industrial products and packaging industries. The rapid expansion of production operations of textile, food and paper industries especially Asia-Pacific countries will spur demand for starch. 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.

As stated by the new market research report on Starch, Asia-Pacific represents the largest regional market, worldwide. Asia-Pacific is also forecast to register the fastest CAGR of 6.7% over the analysis period, with demand emerging from both non-food and food sectors. Strong economic growth, increasing employment opportunities and rising per-capita disposable incomes, particularly in China and India, are contributing to the robust growth in demand for food and non-food ingredients including starch. Food industry is a major growth driver for starches market in Asia-Pacific, due to the rapidly rising demand for processed and convenience foods in the region. Further, the region’s rapidly expanding industrial base and increasing industrial applications also translate into significant growth potential for the starch market.

Major players in the market include AGRANA Beteiligungs-AG, Archer Daniels Midland Company, AVEBE, 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, The Emsland Group, and Zhucheng Xingmao Corn Developing Co. Ltd., 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.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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