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Global Food Starch Market by Raw Material (Potato, Wheat, Maize, Corn, Tapioca and Others), By Type (Native Starch, Modified Starch, Starch Derivatives and Starch Sweeteners), By Application (Beverages, Baked Goods, Processed Foods, Confectionery, Dairy Products) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 4275
Pages: 175
Formats: report pdf report excel report power bi report ppt

Food Starch Market Size, Growth, Forecast (2023-2028)

The Global Food Starch Market size was worth US$ 18.9 billion in 2022 and it is estimated to reach a valuation of US$ 29.1 billion by 2028 with an annual development rate of 5.8% between 2023 and 2028.

Food Starch Market

Market Overview:

Starch is a polymeric carbohydrate with several glucose units linked by glycosidic bonds. Starch has been modified to improve stability, resistance to heat, freezing, excessive heat and to control viscosity. It is produced by other green plants as energy storage. It is part of several important foods and is the main carbohydrate in the diet. Food starch is extracted from various natural sources such as rice, wheat, potatoes, tapioca, and corn. Wheat, corn, and potatoes are most commonly used for food starch. The food industry has a significant part of consumption in the world market for food starch. They are used to make a variety of products in the food industry, such as baked goods, confectionery, canned fruit and jams, commercial candy, and monosodium glutamate (MSG). Food starch is used in non-food industries includes mining, textile, paper, construction materials, and consumer goods industries. Industrial starch is widely used in the paper industry during manufacturing and coating. In the textile industry, it is used to print and finish fabrics. Well used in the drilling process in the mining industry, starch mixes with clay and this mix provides adequate water retention and viscosity for drilling oil wells.

Food Starch Market Growth:

The rising demand for biomaterials and biofuels in the industries lead to the growth of food starch market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

5.8%

Segments Covered

By Raw Material, Type, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Cargill Incorporated, Agrana, Grain Processing Corporation, Tate & Lyle-TereosSyral, Sonish Starch Technology Co., Ltd, Roquette Fereres Sa, Ingredion, BENEO, ADM, SPAC Starch Products (India) Limited, Beteiligungs-AG, Nutrend Biotech Co., Ltd and Others.

Drivers:

The rapid growth of the food and food processing industry is a major driver for the growth of the global food starch market. They are used in the food industry in the manufacturing process of a wide range of products. The demand for high-quality food and beverages is increasing worldwide in terms of taste and nutritional content. Consumers are shifting their preferences from regular staples to premium foods to stimulate demand for starch in the food and beverage industry. The market is competitive as the "health and wellness" trend increases and consumer demand for all-natural ingredients increases. Starch intake is much higher in countries that depend on starch staples, such as China and Japan. The increase in biofuels and biomaterials and starch consumption in this industry is expected to drive the growth of the global food starch market. The growth of the global food starch market is expected to accelerate as consumption of industrial starch in the consumer goods and packaging industry increases with adhesives. The wide expansion of the food processing industry has had a positive impact on the demand for food starch. Also, the food processing industry has expanded in recent years. Besides, consumer preferences for low-cost foods and profitable foods have increased the demand for high-performance foods many times over. The global food and beverage (F&B) market has witnessed strong growth in recent years due to innovations in food systems, improved logistics, increased economy, increased world trade, and increased of consumer spending.

The global food and beverage industry is experiencing an increase in demand for clean label ingredients. Due to its versatility, starch is applied in the food industry. It has also been used for gelation, stabilization, and adhesion. The main applications for starch include pastry, confectionery, sauces, processed meats, noodles, pasta, dry mix soups, salad dressings, puddings, and cake fillings. Also, the rheological properties have been modified and widely adopted to promote the growth of the food starch industry worldwide. In addition, the development of the food processing industry is expected to strengthen the growth of the food starch market in the coming years. Besides, the modification of the starch brought better resistance to heat, temperature, pH and rheology, which has caused worldwide demand. People are now concerned about the type of food they eat while controlling calories and other important nutrients. The trend toward alternatives to replacing oil with ethanol is expected to be a major driver for the predictable period. Alternative root cause threats from the food industry are estimated to pose a significant threat to the market during the forecast period. Starch is a calorie rich food the food consumption habits of the world population have changed in recent years. Also, starch does not contain essential nutrients like protein, fat, vitamins and minerals. Moreover, the starch is expected to break down into glucose, leading to higher sugar levels. Meanwhile, with the expansion of resistant starch and the growing popularity of clean label starch, new opportunities will be created in the future.

Restraints:

The use of a large number of substitutes for the side effects of starch-rich diets and an increase in consumer awareness hinders the growth of the market. The use of polymers in adhesives can hinder the growth of the global food starch market.

Impact of COVID 19 on the Food Starch Market:

Although sales in the global food starch market declined with the lockdown implemented as a part of Covid-19 pandemic, the demand for food starch is expected to surge as consumers choose immune-boosting supplements to combat this pandemic.

Food Starch Market Segmentation Analysis:

In the raw materials sector, the corn sector led the market in terms of global demand. However, other sectors are poised to grow to the highest CAGR during the forecast period. Cassava starch is widely used in the Asia Pacific region due to the fact that cassava is a relatively inexpensive raw material that contains high concentrations of starch compared to alternatives. Furthermore, due to the low residues and appetizing properties of tapioca starch, tapioca is widely adopted in the food and beverage industry and is expected to provide a rewarding opportunity for market growth.

Depending on the type, the sweetening sector dominated the market. However, the modified starch segment is set to grow to the highest CAGR in the near future. This is due to the fact that the transformation of the starch is carried out to improve the performance according to the application requirements. The starch has been modified to increase stability. Acid resistance, excessive heat, freezing or cooling; Adjust the viscosity. It has also been modified to change texture, increase viscosity stability, or shorten or extend gelatinization time.

By Application, the global food starch market is divided into beverages, baked goods, processed foods, confectionery, dairy products and others.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Asia Pacific relies heavily on corn for starch production. North America is expected to have the largest market share in the world market for modified starch. The United States is expected to have the largest market share around the world. As Corn is less dependent than other world markets, but it is also widely used in Europe. This is because wheat and potatoes are largely used as raw material sources to meet European starch requirements. The European food starch industry produces more than 600 products, from natural starch to physically and chemically modified starch, to liquid and solid sweeteners. The United Kingdom is one of the main countries with a high market share in the consumption of starch in this region. Latin America is expected to have a high CAGR during the forecast period due to increased demand for processed foods. Brazil is a major producer of corn, making it a major starch producer. The growing end-use and industrial packaging industries in Western Europe are expected to increase their share of the region's industrial starch market.

Key Players in the Market:

Major Key Players n the Global Food Starch Market are

  • Cargill Incorporated
  • Agrana
  • Grain Processing Corporation
  • Tate & Lyle-TereosSyral
  • Sonish Starch Technology Co., Ltd
  • Roquette Fereres Sa
  • Ingredion
  • BENEO
  • ADM
  • SPAC Starch Products (India) Limited
  • Beteiligungs-AG
  • Nutrend Biotech Co., Ltd

 

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FAQ's

What can be the size of the global Food Starch market by 2028?

By 2028, it is predicted that the global Food Starch market can reach a valuation of US$ 29.1billion.

What can be the compound annual growth rate of the global Food Starch market?

The global Food Starch market can expand with a CAGR of 5.8% during the forecast period.

Mention the major key players in the global Food Starch market?

Cargill Incorporated, Agrana, Grain Processing Corporation, Tate & Lyle-TereosSyral, Sonish Starch Technology Co., Ltd, Roquette Fereres Sa and Ohers.

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