Market Overview
Native starch is manufactured by extracting starch from plant sources such as corn, cassava, potato, wheat and others. Native starches are starch granules isolated from plant source used as binders, texturizers, thickeners, stabilizers and setting agents. It is an essential ingredient for the food industry found in huge range of food products, as it improves the nutritional and sensory quality of food. In the food industry, starches are used as a thickener, gelling agent, or as a stabilizer to manufacture snacks, meat products, fruit juices and other food products. Due to its low cost, easy availability, native starch is extensively used in various non-food application. There is rise in demand from the personal care industry, native starches are widely used in personal care products, in cream emulsions, as talc substitutes, bio-degradable packaging material, and others. Globally the market for native starches is estimated to grow at the rate of about 3.02% from 2016 to 2022.
By Application Analysis-
Additive-free foods made with recognizable ingredients continues to grow because of rising consumer awareness as consumers read product labels and seek natural & organic products. Food manufacturers are looking for organic and natural food additives which offer enhanced end product appeal and a clean label tag. Starch-based adhesives are extensively used in the bag industry, specifically formulated to make corrugating adhesives moisture resistance, is used in making corrugated boxes. Native starches are added before or after emulsification to achieve different effects, when native starches are added before emulsification it provides a natural thickening and emulsion stabilizes the product.
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Market Forecast
With changing dietary patterns, growing consumer health awareness and increasing demand of functional food and beverages, has encouraged the use of native starches in preparation of healthy, nutritional, and functional food & beverage products. In the food industry, starch is used in formulations of health, nutritional, and functional products has been considered one of the most promising markets and it has motivated research in development of new products. This trend supports the development of modern products such as frozen, low-fat, organic and gluten-free foods, where starch can be used as the main or co-ingredient.
These factors will play a key role in the growth of native starches market at the CAGR of 3.02% during 2016-2022.
The global native starches market is mainly occupied by some key manufacturers. The competitive environment in this market is expected to increase with an increase in product portfolio from current key players. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
Regional Analysis
The global native starches market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Among this North America has the major market share followed by Asia-Pacific. Europe region is projected to grow at the fastest CAGR of 3.63% during the forecast period.
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