Global Industrial Starches Market are hugely dependent on the production and farming of cassava, corn, wheat, potato etc. The pricing of the raw material is massively at the mercy of nature such as rains, water supply and natural calamities etc. Due to insufficient rains and devastation caused by natural calamities like floods earthquake, tsunami, volcano, cyclone their low supply of raw material and the inflammation of the prices.
Industrial starches are the substances used as thickeners to increase the viscosity of a liquid without affecting its other properties. Industrial starches as thickeners are widely used as they are convenient, effective and increases the stability of the product. These are not only used as food additive but also finds its application in non-food industries such as Inks, Paints, Explosives and cosmetics. Researchers have invented techniques to modify starch, by using chemicals and enzymes. Modified starch is used as a food additive. The purpose of this modification is to improve its characteristics particularly in particular role such as to improve water Heat Resistant, Holding Capacity, Strengthening its binding, and better-quality thickening agent.
Major Key Players
The industrial starch market is competitive with major market players operating at the global level. The key industry players in the industrial starch market have adopted the strategies such as joint venture, collaboration, agreement and partnership. 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. The industry is likely to consolidate into fewer, larger companies through mergers, acquisitions and closures of small outmoded plants.
The key players profiled in Industrial Starches report are Archer Daniels Midland Company (U.S.), Tate & Lyle PLC (U.K.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.) and Roquette Frères (France) among many others.
Latest Industry Updates
Jan 2017 Ingredion Incorporated launched 9 additions to Non-GMO Project certification. The starches product line offers extensive variety of development tolerance and stability in various applications such as dressings, sauces, ready meals, yogurts and dairy desserts.
Global industrial starches market has been divided into source, form, application, and Region.
On the Basis of Source: Corn, Cassava, Wheat, Potato and others
On the Basis of Form: Powder, Liquid, Gel and others
On the Basis of Application: Food & beverages (confectionery, processed food, beverages, and others), Non-food application (corrugation and papermaking, personal care, pharmaceuticals, textiles, and others includes mining & drilling, construction & building, adhesives, chemicals, and animal feed)
On the Basis of Region: North America, Europe, Asia Pacific and Rest of the World
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Industrial Starches Market is segmented by region which comprises of Europe, Asia Pacific, North America and Rest of the World. Among all the regions, North America is accounting for significant market share in global industrial starches market and it is expected to retain its dominance throughout the forecast period of 2017-2024. The growth of the industrial starches in North America region is anticipated to be driven by the various factors. One of the significant factors rising growth of industrial starches is the increasing high growth of industrial packaging over the last few years.
Also, the increasing demand for processed food has created a massive demand of industrial starches in North America region. Among the, North American countries, the U.S. is expected to account for the significant market proportion of industrial starches during the forecast period. However, Asia Pacific region is projected to expand at a high pace during the forecast period. Increasing consumption of starch, starch derivatives and sweeteners has increased the demand of industrial starches in the developing economies of Asia Pacific.