[Research Report] The industrial starch market is expected to grow from US$ 67,353.01 million in 2022 to US$ 98,426.74 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.
Starch is a complex carbohydrate derived from wheat, corn, potato, tapioca, and rice. It is a great source of energy. Starch is a thickening/gelling agent and stabilizer in a wide range of food and beverages, including bakery and confectionery products, soups, sauces, frozen desserts, dairy creamers, and ready-to-drink beverages. The demand for convenience food is increasing globally due to consumers' hectic lifestyles and high per capita income. Moreover, paper-based food packaging needs a coating to prevent water or oxygen from penetrating the packaging and spoiling the foodstuff inside. Usually, this protective coating is manufactured from petroleum-based plastic. However, manufacturers are adopting bio-based and eco-friendly raw materials for paper-based food packaging coating with increasing awareness about the negative impact of petroleum-based plastic on the environment. Starch-based packaging characteristics such as biodegradability and affordability are propelling popularity among manufacturers.
In the past few years, the demand for starch in the pulp & paper industry has grown significantly with the scaled-up operations in this industry. The booming e-commerce industry in contributes significantly to the demand for corrugated paperboards. Moreover, a notable shift toward plastic-free packaging to ensure environmental sustainability is propelling the demand for sustainable packaging materials. According to research conducted by Roquette Frères, the consumption of industrial starch in corrugated board manufacturing increased by 6% in 2020 due to the significant rise of the e-commerce sector amid the COVID-19 pandemic. Thus, the surging demand for starch in the paper & paperboard industry is bolstering the industrial starch market
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Industrial Starch Market: Strategic Insights
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Industrial Starch Market: Strategic Insights
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Manufacturers around the world are benefitting from the growth of the e-commerce industry. Across the globe, various manufacturers and e-commerce channels are promoting the use of sustainable and eco-friendly packaging materials. The industrial starch market growth is expected to boost with this increasing adoption of sustainable packaging materials by the e-commerce industry. Indian e-commerce companies Myntra and Flipkart have adopted to reduce or eliminate the use of single-use plastic in their packaging materials. Moreover, government policies to reduce plastic pollution is expected to boost the demand for industrial starch.
Market Insights
Wide Application Scope of Industrial Starch Fuels Growth of Market
The application range of industrial starches in various end-use industries has expanded in recent years. It is used as a thickening, gelling, and binding agent in a wide range of food and beverages, including bakery, soups and salad dressings, confectionery, sauces, ice creams, fruit drinks, and dairy products. Starch is also used in non-food applications such as pulp & paper, pharmaceuticals, and animal feed. In the pharmaceutical industry, starch is used as an excipient and binding agent in tablet making. Moreover, starch-based materials are a perfect solution for biodegradable food packaging materials that help to reduce environmental pollution.
Type Insights
Based on type, the industrial starch market is segmented into native starch and starch derivatives and sweeteners. In 2021, the starch derivatives and sweeteners segment dominated the market. The growing demand for food and beverages, due to the increase in disposable income levels and increasing global population, and the use of starch derivatives in the food and beverage industries is the most important growth driver for the starch derivatives segment of the industrial starch market.
Agrana Beteiligungs-AG; ADM; Ingredion Incorporated; Roquette Frères; Tereos Group; Cargill, Incorporated; Tate & Lyle PLC; Grain Processing Corporation; Royal Cosun; and AVEBE are among the key players operating in the industrial starch market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.
Report Spotlights
- Progressive trends in the industrial starch industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global industrial starch market from 2021 to 2028
- Estimation of the demand for industrial starch across various industries
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industrial starch industry
- Recent developments to understand the competitive market scenario and the demand for industrial starch
- Market trends and outlook coupled with factors governing the growth of the industrial starch market
- Understanding regarding the strategies that underpin commercial interest with regard to the market growth, aiding in the decision-making process
- Industrial starch market size at various nodes of market
- Detailed overview and segmentation of the market as well as its industry dynamics
- Industrial starch market size in various regions with promising growth opportunities
Industrial Starch Market Regional Insights
The regional trends and factors influencing the Industrial Starch Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Starch Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Industrial Starch Market
Industrial Starch Market Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 67.35 Billion |
| Market Size by 2028 | US$ 98.43 Billion |
| Global CAGR (2022 - 2028) | 6.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Industrial Starch Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Industrial Starch Market are:
- AGRANA Beteiligungs-AG
- ADM
- Ingredion Incorporated
- Roquette Frères
- Tereos Group
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Industrial Starch Market top key players overview
The "Industrial Starch Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The industrial starch market is segmented on the basis of type, source, application, and geography. Based on type, the industrial starch market is segmented into native starch and starch derivatives & sweeteners. Based on source, the market is segmented into wheat, corn, potato, cassava, and others. Based on application, the market is segmented into food & beverages, pulp & paper, animal feed, pharmaceuticals, and others. Based on geography, the is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the industrial starch market.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Source, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Growth in the global food and beverage industry and an increase in demand from the packaging industry are drivers of the industrial starch market. The growing population around the world is increasing the demand for the food and beverages industrial starch market. And the significant growth of e-commerce and increasing adoption of eco-friendly packaging material is expected to propel the demand for industrial starch.
The major players operating in the global industrial starch market is AGRANA Beteiligungs-AG; ADM; Ingredion Incorporated.; Roquette Frères; Tereos Group; Cargill, Incorporated Tate & Lyle PLC; Grain Processing Corporation; Royal Cosun; AVEBE.
In 2021, North America accounted for the highest growth of the global industrial starch market. Starch is used as a thickening/gelling agent and stabilizer in a wide range of food and beverages, including bakery and confectionery products, soups, sauces, frozen desserts, dairy creamers, and ready-to-drink beverages. The rising demand for convenience food owing to the hectic lifestyle and high per-capita income of consumers is driving the demand for starch in the food & beverages industry. Veganism and clean-label trends are surging rapidly across the world.
Product innovation in industrial starches is a recent trend in the global industrial starch market. There is a strong demand for products with organic, clean-label, and plant-based ingredients in Europe owing to rising health and wellness concerns. This clean-label product provides instant viscosity, thereby enabling optimal control of rheological behavior in cake mixes, sauces, or other semiliquid formulations. It can also be used to prepare high-quality savory products, pastries, and fruit-based fillings to provide a premium look and texture.
Based on the application pulp and paper segment is leading the market in 2021. As there is a high demand for starch from the papermaking industry in the region due to the rising demand for paper products from the packaging and transportation industries. The booming e-commerce industry in the region is also generating demand for corrugated paper and paperboards, thereby contributing to the industrial starch market progress
Based on the segment type, starch derivatives and sweeteners were the fastest-growing segment in 2021. Starch derivatives and sweeteners are obtained from the further processing of native starch. Usually, native starch is converted into glucose syrup, which is processed to obtain maltodextrins, isoglucose, polyols, and dextrose
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The List of Companies - Industrial Starch Market
- AGRANA Beteiligungs-AG
- ADM
- Ingredion Incorporated
- Roquette Frères
- Tereos Group
- Cargill, Incorporated.
- Tate & Lyle PLC
- Grain Processing Corporation
- Royal Cosun
- AVEBE
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