Industry Analysis
Industrial starch market to be growing at a CAGR of 6.4% in the forecast period of 2021-2028 and is expected to reach the USD 148.85 billion by 2028.
Starches are widely obtained from food sources such as wheat, potato, maize, among others, and they are used in a variety of sectors including paper, food, printing, textiles, and many others. Starch is an edible polymer obtained from plants. It is commonly utilized in the culinary and pharmaceutical industries. Corn, rice, potato, tapioca, and wheat are the most common commercial sources of starch. Gluten-free starch refers to the five starches listed above. Corn starch is mass-produced for industrial application on a vast scale.
Industrial Starch Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
The industrial starch market’s growth is being fuelled by rising demand for starch in non-food applications such as snacks, bakeries, drinks, and functional foods, as well as increased use of starch in biodegradable plastic and food products and additives. Furthermore, the rising pharmaceutical and biotechnology sectors, upsurge in the demand for convenience food and growing demand from the paper and wallboard industries for wheat starch due to its adhesive properties, consistent viscosity, and better performance, are propelling the market forward.
Moreover, improvements in the production process and the development of wastewater treatment technologies will boost the opportunities for the growth of industrial starch market.
However, high cost of research and development activities and the rise of gum arabic market will impede the growth of the industrial starch market. Requirement of consistency in the production of raw materials will challenge the market growth.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Food and Beverage industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The industrial starch market is segmented on the basis of type, source, application, form and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the basis of type, the industrial starch market is segmented into native starch, starch derivatives and sweeteners, cationic starch, ethylated starch, oxidized starch, acid modified starch and unmodified starch.
- Based on source, the industrial starch market is segmented into corn, wheat, cassava, potato, and other sources.
- On the basis of application, the industrial starch market is classified into food and beverage, feed and other applications. The food and beverage segment is further sub segmented into confectionery, processed foods, beverages and others. The other segment is further segmented into mining and drilling, construction and building, adhesive, and chemical.
- Based on form, the global industrial starch market is segmented into dry form and liquid.
- Based on function, the global industrial starch market is segmented into stabilizing, thickening, film forming agents, gelling agent, texturizing, binding, emulsifying, sizing, moisture retention and coating.
Market Country Level Analysis
- The countries covered in the industrial starch market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Industry Share Analysis
- Some of the major players operating in the industrial starch market are Cargill, Incorporated, ADM, Ingredion, Tate & Lyle, AGRANA Beteiligungs-AG, Grain Processing Corporation, Roquette Frères, Tereos, Royal Cosun, Anora Industrial, GREENTECH INDUSTRIES (INDIA) PVT LTD., Everest Starch Pvt.Ltd., Bangkok Starch Industrial Co., Ltd., Sahyadri Starch & Industries Pvt. Limited, Nova Transfers Pvt. Ltd, Sanstar Bio - Polymers Ltd., SPAC Starch Products (India) Private Limited, among others.
Industrial Starch Market Report Answers the Following Questions:
What is the expected growth rate of the Industrial Starch Market during the forecast period?
What are the various factors that are likely to drive the growth of the Industrial Starch Market?
What are the major challenges faced by the Industrial Starch Market, and how are they being addressed?
Who are the key players operating in the Industrial Starch Market, and what are their strategies for growth?
What are the emerging trends in the Industrial Starch Market, and how are they expected to shape the market in the coming years?
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