The North America industrial starch market size is expected to reach USD 25.84 billion in 2024 and reach USD 35.09 billion by 2029, growing at a CAGR of 6.31% from 2024 to 2029.
The industrial starch market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increasing availability of natural starch source alternates like cassava etc, with higher efficiency as well. Thus, the market has been pulling the interest of various industries.
The major use of industrial starch can be seen in a variety of industrial applications for adhesive formulations. It is generally obtained from different sources such as wheat, potato, etc. Apart from its use in the food industry, starch has a wide range of uses in non-food industries as well as paper, mining, textile, building materials, etc, mainly due to its adhesive property.
There has been a rapid growth in the food processing industry recently, which resulted in a major driver for the Industrial starch market. Some other major factors include rising demand for convenience foods, an increase in adhesive demands by various industries and also the various functionalities of starch in food and non-food industries. However, the restraints and challenges faced by the market include the growth of the Arabic Gum Market, alternatives adhesive products such as resin glue, and high R&D investments.
Some of the major competitors in the Industrial Starch market include Cargill, Royal Cosun, Archer Daniels Midland Company, Tate & Lyle PLC, Ingredion Incorporated, AGRANA Beteiligungs-AG, Roquette Frères, Grain Processing Company, The Tereos Group, Altia Industrial Services.
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