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The native starches market size is projected to increase by USD 410.95 million, at a CAGR of 4.3% between 2023 and 2028
The APAC native starch market is forecast for rapid growth, driven by the escalating demand in emerging countries like India and China. India, with its agricultural strength, offers substantial opportunities, especially in the food processing sector supported by government projects. In China, the native starch market benefits from a significant demand for dairy products, aligning with global consumer trends. The APAC region also experiences a surge in the cosmetic industry, particularly in China, Thailand, Australia, Japan, and Singapore, creating lucrative prospects for the market. This growth aligns with global trends, emphasizing convenience and consumer benefits, as projected in market forecasts and analysis.
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The Native Starches Market encompasses food products derived from various plants, including Corn, Wheat, Rice, and Potato. These starches possess functional qualities that cater to the Non-food industry, offering Organic elements and longer Shelf Life. Modified food starches, derived from native starches through chemical processes, are gaining popularity due to their Ease of Storage and Transportation advantages. As Changing lifestyles and Rising income levels shape consumer preferences, the demand for Native Starches is expected to grow. Category-wise insights reveal that Corn Starch dominates the market, followed by Wheat and Rice. Native Starches are Polysaccharides, formed by the interlinking of Glycosidic bonds, providing Carbohydrates essential for numerous industrial applications. Future trends indicate a shift towards the use of Native Starches as alternatives to Chemical additives, as consumers increasingly seek healthier options. The versatility of Starches as Processed goods and their role in various industries make them an indispensable component in numerous applications.
High demand for corn starch as less expensive starch is the key factor driving market growth. The growth in the market is primarily due to the large-scale application areas of corn starch. In addition, the abundance of corn, particularly in agriculture-rich countries such as India and China, fosters growth in the global market. Corn is a major source used for producing native starch. Corn starch is used in food applications for gluten-free products in place of wheat. Also, the use of corn starch is known to lower blood sugar in humans. In addition, corn starch has excellent soothing and moisture-absorbing power.
Therefore, it is also used in cosmetics as an ideal solution for skin problems. The ingredient also offers a relatively less expensive alternative when it comes to store-bought products. For instance, cornstarch is also used to clean stuffed animal toys, freshen, musty books, and polish silver. Therefore, the use of corn starch in the food and beverages industry will drive market growth and trends during the forecast period.
The usage of tapioca in bioplastics is the primary trend shaping market growth. Biodegradable bioplastics, shaped by current market trends and analysis, stem from renewable biomass, showcasing a unique susceptibility to microbial breakdown. There are four main types of biodegradable bioplastics such as starch-based bioplastics, cellulose-based bioplastics, lignin-based bioplastics, and plant protein bioplastics. Starch-based bioplastics are made from natural or modified starches or derived starches. The commonly used starches are potato, corn, wheat, and tapioca.
Further, tapioca is used in bioplastics to improve the degradability of bioplastics. It contains granules that are stable and decompose at elevated temperatures. Also, the bioplastics obtained from tapioca are odorless, smooth, and transparent. Therefore, the rising use of tapioca in bioplastics is anticipated to fuel the growth of the market during the forecast period.
The constant fluctuation in raw material prices is a challenge that affects market growth. The changes in the prices of raw materials are highly dependent upon the natural vagaries and not just on the ease of availability. The producers of native starch consider the price of native starch acquisition to produce native starch derivatives. Native starch is used as the key raw material used for the production of starch derivatives. The fluctuations in the prices of raw materials would lead market players to be indecisive about the fixation of prices for the native starch derivatives offered by them.
Additionally, the fluctuations in the prices of raw materials tend to worsen the situation for the vendors in the market owing to the erratic availability of raw materials, as starch derivatives are an agri-product whose availability depends on natural vagaries. Consequently, constant fluctuation in raw material prices will hinder the growth of the market during the forecast period.
The food and beverages segment will account for the largest share of this segment.? The market is driven by the utility of native starch in the food and beverage industry. The use of native starch in the food industry varies, from providing stability to food products in frozen bottles to the preservation of food in cans. The typical applications of native starch in the food industry that drive the demand for the product include flavor encapsulation, frozen food, canned food, and dairy products. Furthermore, the use of native starch offers a host of benefits, including enhanced cutability, viscosity, stability, and mouth feel. Thus, the versatility of applications of native starch in the food industry is anticipated to fuel the growth of the food and beverages segment of the global market during the forecast period
The market share growth by the dry segment will be significant during the forecast period. Dry starch is an important and useful component that is used in the preparation of a variety of foods. The global market is expected to grow significantly in the coming years due to the increasing consumer demand for processed foods. Due to their many benefits, dry segment products are used in many industries, including food, paper, cosmetics, personal care, and textiles.
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Additionally, native starches are used as versatile additives in the personal hygiene and cosmetics industry. Manufacturers are formulating new cosmetics from organic ingredients, such as dry starch, as the demand for natural cosmetics has increased in the past few years. Hence, increased demand for dry starch as an ingredient, which, in turn, is expected to boost the growth of the dry segment in the market during the forecast period.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The native starch market report in APAC has a lot of potential and is likely to account for rapid progress primarily due to the high demand for native starch from the two emerging countries of the region, namely India and China. India being an agriculturally strong country, is a promising market for the global native starch industry.
Additionally, the market forecast in APAC is also strengthened by the rapid growth in the cosmetic industry in the region. Some of the main countries contributing to the growth are China, Thailand, Australia, Japan, and Singapore. The growth in the cosmetics industry translates into lucrative opportunities for the regional market as modified starch finds application in a broad spectrum of cosmetic products. Hence, such factors are expected to drive market growth in this region during the forecast period.
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 forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market research and growth and information about 10 market companies, including:
Cargill Inc., Euroduna Food Ingredients GmbH, Everest Starch India Pvt. Ltd., Gulshan Polyols Ltd., Ingredion Inc., KMC, Manildra Flour Mills Pty. Ltd., Roquette Freres SA, Royal Avebe, SPAC Starch Products India Pvt. Ltd., Sudzucker AG, Tate and Lyle PLC, Tereos Participations, Thai Flour Mill Industry Co. Ltd., Universal Biopolymers, and WPPZ S.A.
Market analysis and report of 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 native starches market is witnessing steady growth, driven by their diverse applications in food and beverage industries. Derived from sources like maize, cassava, and waxy corn, these starches serve as essential thickening agents in various products. Amylose-rich varieties, particularly from tubers like cassava, are prized for their superior thickening properties. Additionally, ongoing research and development efforts focus on optimizing supply chain efficiencies and enhancing consumer behavior insights. With increased demand for natural food preservation solutions, native starches play a vital role in improving product quality and extending shelf life. As consumer preferences continue to evolve, the market adapts to meet changing demands effectively.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is a significant sector in the global food industry, with a substantial presence in various applications. Food products, particularly baked goods and processed foods, are the primary consumers of native starches. These starches are sourced from various plant-based sources such as corn, tapioca, rice, and potato. The demand for native starches is driven by their functional properties, including thickening agent, binding, and texturizing abilities. These starches are essential in various food applications, including meat processing, dairy products, and beverages. Moreover, the increasing trend of clean labeling and the growing preference for natural ingredients are expected to boost market growth. The production of native starches involves minimal processing, making them a preferred choice for consumers seeking natural and unprocessed food ingredients. The market is expected to witness steady growth due to the increasing demand for natural and clean label food products. Additionally, the growing awareness of health and wellness and the rising demand for gluten-free and vegan food products are expected to provide further impetus to the market. The market for native starches is segmented based on source, application, and region. The major sources of native starch include Corn, wheat, potatoes, tapioca and others.
In addition, the applications of native starches include food and beverages, pharmaceuticals, and industrial applications. The major regions for the native starches market include North America, Europe, Asia Pacific, and the Rest of the World. market is driven by the versatile applications of carbohydrates starch sourced from corn, wheat, potatoes, and tapioca, primarily in North America and Europe. Available in powder and liquid native starch, native starch serves as a crucial polysaccharide with capabilities to stabilize, thicken, and bind dough binding agent in industries ranging from pet food industry to paper industry. The market's segment dominance underscores its pivotal role in organic food production, supported by ongoing technology and technological advancements in extraction methods. Future estimations highlight robust investment pockets and emerging market opportunities, prompting extensive study to enhance product texture, moisture retention, and overall performance across diverse industrial sectors.
Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market Growth 2024-2028 |
USD 410.95 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.2 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMYLCO Group of Companies, Archer Daniels Midland Co., Cargill Inc., Euroduna Food Ingredients GmbH, Everest Starch India Pvt. Ltd., Gulshan Polyols Ltd., Ingredion Inc., KMC, Manildra Flour Mills Pty. Ltd., Roquette Freres SA, Royal Avebe, SPAC Starch Products India Pvt. Ltd., Sudzucker AG, Tate and Lyle PLC, Tereos Participations, Thai Flour Mill Industry Co. Ltd., Universal Biopolymers, and WPPZ S.A. |
Market dynamics |
Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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