The global industrial starch market is projected to grow from USD 72.51 billion in 2016 to USD 106.64 billion by 2022, at a CAGR of 6.64% during the forecast period. Starch is a homopolysaccharide formed by glucose units and stored in the form of carbohydrates in plants. It is synthesized by parts of vegetable cells and is stored in seeds, tubers, and roots. Starch derived from sources in its original form is known as native starch; whereas, starch produced by physically, chemically, or enzymatically, treating native starch to change its properties and enhance its performance according to various applications is known as modified starch. Modified starch can be termed as an additive prepared by treating native starch or starch granules with chemicals and enzymes to partially degrade the starch. Derivatives are products obtained by reacting starch with a chemical compound, resulting in unique physical and functional properties. The scope of the industrial starch market for this report includes native starch and starch derivatives & sweeteners. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2022.
Download PDF here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104251261
Market Dynamics
Drivers
• Growth in demand for convenience food
• Multiple functionalities of starch, starch derivatives, and sweeteners across end-user industries
Restraints
• High R&D costs
• Growth of the gum arabic market
Opportunities
• Rise in the potential of alternate sources of starch such as cassava
Challenges
• Requirement of consistency in raw material production
Multiple functionalities of starch, starch derivatives, and sweeteners in a diverse range of end-use industries to drive the global industrial starch market
Starch and starch derivatives have various functional characteristics including thickeners, stabilizers, sizing, fat replacers, and binding in various food and non-food applications. In addition, starch derivatives are used as an effective fermentation base for the bulk production of various biotechnological products such as organic acids, antibiotics, vitamins, and hormones. Although the food industry is projected to be the largest end user of starch and its derivatives, it is also increasingly used in various other end-use applications, such as paper, building materials, cosmetics, and pharmaceuticals. In addition, native starch is useful in a wide range of applications. However, it is restricted in some applications such as paper, building materials, cosmetics, and pharmaceuticals due to its structure. Modified starches, owing to their water absorbing and bulking agent features, improve the customer experience and offers enhanced mouthfeel in various food products. Due to these factors, it remains a preferred alternative for fats among manufacturers. In addition, various functional properties of starch and starch derivatives used in a range of end-use industries are driving the demand for industrial starch.
During this research study, major players operating in the industrial starch market in various regions were identified, and their offerings, regional presence, and distribution channels were analyzed through in-depth discussions. Top-down and bottom-up approaches were used to determine the overall market size. Sizes of the other individual markets were estimated using percentage splits obtained through secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.
The key players in this market are Cargill, Incorporated (US), Archer Daniels Midland Company (US), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (US), Roquette Frères (France), Tereos Group (France), Royal Cosun (Netherlands), and Altia Industrial Services (Finland). These companies have predominantly adopted new product launches as a growth strategy. In addition, other strategies adopted by these companies include expansions & investments, mergers & acquisitions, and joint ventures & agreements to increase their market share.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]