Enjoy complimentary customisation on priority with our Enterprise License!
The industrial starch market size is forecast to increase by USD 23.97 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing use of starch as a thickener and binder in various industries, particularly in processed and convenience foods. The global sustainability goals and consumer preference for compostable products have driven the demand for starch derived from renewable sources, such as corn. As a natural and recognizable ingredient, industrial starch offers desirable texture, consistency, and mouthfeel, making it a popular choice for clean label products. However, the market is challenged by fluctuating raw material prices, primarily corn, which can impact the cost structure of starch production. Cultivated crops and advanced gelatinization techniques are being explored to mitigate these challenges and ensure the long-term sustainability of the market.
The market is driven by the wide usage of starch in various industries, including food and beverages, nutritional foods, and pharmaceuticals. The primary agricultural raw materials used to produce industrial starch are corn, wheat, cassava, potato, and other plants such as tubers and roots. The supply chain of industrial starch faces several challenges, including transportation issues due to geographical locations of raw material production and natural disasters affecting crop yields. Native starch is derived from vegetable cells, seeds, and tubers, while modified starches undergo chemical or physical treatments to enhance their functional properties. Industrial starches are used as thickening, gelling, and binding agents in various applications.
Additionally, functional ingredients like gums, proteins, modified cellulose, malt dextrin, homopolysaccharide, glucose, and carbohydrates are often added to improve the performance and stability of industrial starches. The market for industrial starches is expected to grow significantly due to the increasing demand for carbohydrate-rich products and the development of new applications in various industries.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The food and beverage segment is estimated to witness significant growth during the forecast period. Industrial starch is a vital component in numerous industries, including the foundry and air flotation industries, as well as the adhesive industry. In the food and beverage sector, starch serves essential functions, particularly as a thickening and stabilizing agent. Corn starch, potato starch, and tapioca starch are commonly used in various food applications, such as sauces, soups, gravies, and dressings, to enhance viscosity and texture, providing a smooth and desirable mouthfeel.
Additionally, starches contribute to the stability of emulsions in beverages, preventing phase separation and enhancing product quality and shelf life. The primary sources of industrial starch are plants, including vegetable cells found in seeds, tubers, and roots. These plants contain complex carbohydrates, primarily starch, which can be extracted and processed into various forms, such as modified starches, chemicals, enzymes, and derivatives. Sweeteners like glucose and homopolysaccharides are also derived from starch.
Get a glance at the market share of various segments Request Free Sample
The food and beverage segment accounted for USD 42.35 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The market in North America is anticipated to exhibit moderate growth during the forecast period. Key industries utilizing industrial starch include the foundry industry for coatings and the air flotation industry for water treatment. Additionally, the adhesive industry relies on industrial starch derivatives for binding applications. The primary raw materials for industrial starch production are carbohydrate-rich plants, such as corn, wheat, and other starchy seeds, tubers, and roots. Native starch is abundant in North America, contributing to the region's market growth. Industrial starch finds extensive applications in various sectors, including cosmetics, packaging, and food and beverages. The COVID-19 pandemic disrupted the North American economy in 2020, adversely impacting major industries.
However, the long-term outlook for the market remains positive, driven by the increasing demand for homopolysaccharides, waxy maize, and other starch-based chemicals and enzymes, as well as the growing production of sweeteners.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased use of industrial starch as a thickener is the key driver of the market. Industrial starch, derived from agricultural raw materials such as corn and potatoes, plays a significant role as a thickening, stabilizing, and texturizing agent in various industries. In the food and beverage sector, starch's ability to thicken is highly valued, particularly in gravies, sauces, soups, savory snacks, desserts, and dairy products. It serves as a substitute for high-calorie sugars or high-cholesterol food ingredients. Modified starches, such as malt dextrin and starch-based sugars, offer additional benefits, including improved texture and stability in beverages, nutritional foods, and gluten-free products. The paper and laundry industries also utilize industrial starch for its binding properties. Corn- and potato-based starches are preferred due to their excellent thickening abilities, which occur when the starch granules absorb water, swell, and release long, tangled molecules, resulting in thickened liquids.
Rising consumption of industrial starch is the upcoming trend in the market. Industrial starch, derived from various agricultural raw materials such as corn, wheat, tapioca, potato, maize, rice, amaranth, and arrowroot, is a carbohydrate-rich substance that functions as a thickening, stabilizing, and texturizing agent in numerous industries. The quality and properties of industrial starch depend on the raw material source, composition, and level of processing. The presence of amylose and amylopectin, the two primary components of starch, significantly influences its functional characteristics, including viscosity, solubility, and resistance to high temperatures. In the food industry, industrial starch is utilized in beverages, nutritional foods, and dairy products to enhance texture and improve the overall sensory experience.
Further, modified starches, such as malt dextrin and starch-based sugars, are commonly used in these applications due to their unique functional properties. Furthermore, industrial starch plays a crucial role in the production of gluten-free products, providing structure and texture in the absence of wheat-derived ingredients. Beyond the food industry, industrial starch finds applications in the paper, laundry, and textile industries as a binding agent and a source of energy for microbial growth in the production of bio-based products. The advancements in starch biosynthesis and genetic modification have led to the development of novel starches with enhanced functionality, further expanding its applications in various industries.
Fluctuation in raw material prices is a key challenge affecting the market growth. Industrial starch, derived from agricultural raw materials such as potato, maize, corn, and wheat, plays a crucial role as a thickening, stabilizing, and texturizing agent in various industries. The demand for industrial starch is significant in the production of beverages, nutritional foods, dairy, and gluten-free products. In the food industry, malt dextrin and starch-based sugars are essential derivatives of industrial starch. The paper and laundry industries also utilize industrial starch due to its binding and cohesive properties. However, the rising demand for biofuels, particularly bioethanol, has led to a decrease in profit margins for industrial starch manufacturers. Bioethanol is primarily produced from agricultural products rich in starch content, such as cereals, corn, wheat, sugar beet, and cane sugar.
However, the increasing global demand for bioethanol has resulted in a wave in the price of raw materials used for manufacturing industrial starch. Furthermore, unpredictable weather patterns and climate change can negatively impact the growth of seasonal crops, leading to price fluctuations in the raw materials market. Despite these challenges, industrial starch remains an indispensable ingredient in numerous industries due to its functional properties.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGRANA Beteiligungs AG - The company offers industrial starch that are made from corn, potatoes and wheat for numerous applications in many different industries.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is driven by the widespread use of starch in various industries such as food and beverage, feed, paper, textile, and adhesive. Corn, wheat, cassava, potato, and other agricultural raw materials are the primary sources of industrial starches. The supply chain of industrial starch faces challenges due to transportation issues, natural disasters, and labor shortages. Industrial starches are used as thickening, binding, and gelatinization agents in processed foods, convenience foods, and beverages. They provide texture, consistency, and mouthfeel to these products. Native starch and modified starches, such as waxy maize and high-amylose starch, are commonly used. Starch-based sugars, including maltodextrin and glucose syrup, are derivatives of starch used as sweeteners, thickeners, and stabilizers.
Further, the paper industry uses starch as a sizing agent, while the building materials industry uses it as a binder. In the chemical industry, starch is used to produce various derivatives, including homopolysaccharides, glucose, and other carbohydrates. Industrial starch also finds applications in biotechnological products, such as fermentation, organic acids, antibiotics, vitamins, and hormones. The market for industrial starch is expected to grow due to the increasing demand for clean label products, natural ingredients, and eco-friendly materials in various industries. The production of bioplastics, packaging solutions, biodegradable products, and compostable products is also expected to drive the market growth. Global sustainability goals are also pushing the demand for sustainable materials and eco-friendly products, further boosting the market.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
157 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
|
Market growth 2024-2028 |
USD 23.97 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
4.23 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 32% |
|
Key countries |
US, China, Germany, Canada, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
AGRANA Beteiligungs AG, Angel Starch and Food Pvt. Ltd., Anora Group Plc, Archer Daniels Midland Co., Beneo GmbH, Cargill Inc., Chemstar Products Co., Emsland Starke GmbH, Global Bio chem Technology Group Co. Ltd., Ingredion Inc., Japan Corn Starch Co. Ltd, Kent Corp., Manildra Flour Mills Pty. Ltd., PT Budi Starch and Sweetener Tbk, Roquette Freres SA, Royal Avebe, Tate and Lyle PLC, and Tereos Participations |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
