ID: 2302 | May 2017 | Region: Global
The Industrial Starch Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Industrial Starch Market is estimated to be USD 72.5 billion in 2016 and predicted to rise to USD 100.31 billion by 2021 with a CAGR of 6.71%. The market is segmented by Source (Corn, Wheat, Potato, Cassava), by Type (Native Starch, Starch Derivatives & Sweeteners (Modified Starch, Other Derivatives & Sweeteners)), by Application (Feed, Food & Beverages, Paper Industry), by Form (Liquid, Dry). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The current market trends have been the reason behind the enormous potential that the Industrial Starch market possesses. Some of the major factor contributing to the growth of the market include increase in the number as well as development of food processing industries, growing demand for convenience foods, diversified benefits related to starch and rise in demand for adhesive in various industries across agriculture domain. On the other hand, the restraints faced by the market include high initial investments in R&D, availability of alternates such as resin glue and the growth of the Arabic Gum market.
The Industrial Starch Market has been widely categorized on the basis of source, type, application and form. Based on the source, Corn segment dominates the market share. Under segmentation by type, the market is led by the market share of starch derivatives and sweeteners and by application, the market leader is food and beverages due to rising use of starch in food products. Further, based on form, the liquid form dominates the market share due to ease of storage and high efficiency.
According to the geographical analysis, the market has been segmented under various regions across the globe. The market share is dominated by the Asia-Pacific region with over one third of the total market share, followed by Europe and North America market. Asia-Pacific region is predicted to have the highest growth rate as well and is expected to continue dominating the market while on the other hand Europe market is expected to stay steady.
Some of the major companies dominating the market of Industrial Starch, include Cargill, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Grain Processing Company, AGRANA Beteiligungs-AG, Roquette Frères, Royal Cosun, The Tereos Group, Altia Industrial Services.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-industrial-starch-market-2296/” and checkout our recent reports in the Agrochemicals category at “http://www.marketdataforecast.com/research-reports/agriculture/agrochemicals-8/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.
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