Global Industrial Starches Market size is predicted to touch USD 112 billion at a 5.9% CAGR between 2020 – 2024, According to the new report by Market Research Future (MRFR). Industrial starch plays an essential role both in the non-food and food industry alike. It is derived from different natural sources such as maize, potato, rice, tapioca, and wheat. Starch derivatives and sweeteners & native starch are the two types of industrial starches that have wide applications in pharmaceuticals, animal feed, corrugation and paper making, food and beverages, and other industries.
Various factors are adding to the industrial starches market growth. According to the new MRFR report, such factors include increasing consumption of starch in biomaterials and biofuels industries, increasing consumption as adhesives in packaging and consumer products industry, growing use in the manufacturing process of various products in the food industry, technological advances, and the rapid growth of food & food processing industry.
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On the contrary, high cost of research and development related to the manufacture and extraction of starch derivatives, fluctuations in raw materials availability & prices, and use of alternative for starch such as resin glue in the paper & textile industry are factors that may limit the industrial starches market over the forecast period.
Leading players profiled in the Global Industrial Starches Market Report include Altia Industrial Services (Finland), Royal Cosun (Netherlands), Chr. Hansen A/S (Denmark), Tereos Group (France), Roquette Frères (France), Grain Processing Corporation (US), Agrana Beteiligungs-AG (Austria), Universal Starch Chem Allied Ltd. (India), Tate & Lyle PLC (UK), Ingredion Incorporated (US), Archer Daniels Midland Company (US), and Cargill (US).
The MRFR report gives an inclusive segmental analysis of the Global Industrial Starches Market Report based on application, form, source, and type.
By type, the global industrial starches market is segmented into starch derivatives and sweeteners & native starch. Starch derivatives and sweeteners are again segmented into sweeteners, modified starch, and others.
By source, the global industrial starches market is segmented into wheat, cassava, potato, corn, and others.
By form, the global industrial starches market is segmented into liquid and solid.
By application, the global industrial starches market is segmented into pharmaceuticals, animal feed, corrugation and paper making, food and beverages, and others. Food and beverages is further segmented into convenience foods, beverages, dairy and frozen desserts, bakery and confectionery, and others.
Based on the region, Global Industrial Starches Market Report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. The positive impact of industrialization, easy adoption of developed technologies, and the presence of many market players are adding to the industrial starches market growth in the region. Besides, rapid growth in the region’s industrial packaging is also adding market growth.
The global industrial starches market in Europe is predicted to hold the second-largest share over the forecast period. The booming industrial packaging industry, coupled with growing end use industries, especially in Western Europe, is adding to the industrial starches market growth in the region.
The global industrial starches market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing demand for starch in different industries like animal feed, paper making, food and beverages, and others, is adding to the industrial starches market growth in the region. India & China are the leading contributors in the market.
The global industrial starches market in the RoW is predicted to have a sound growth over the forecast period. Growing demand for processed food is adding to the industrial starches market growth in the region.
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