Starch Market to reach USD 85.79 Bn at a CAGR of 5.7 percent by 2029- Says Maximize Market Research
Maximize Market Research, a leading Food and Beverage business consultancy and research firm has published a report on the “Starch Market”. The total market opportunity for Starch Market was USD 58.2 Bn in 2021 and is expected to grow at a CAGR of 5.7 percent through the forecast period, reaching USD 85.79 Bn by 2029. As per the report, the global Starch Market is expected to be dominated by the Asia-Pacific and European regions to grow at a significant growth rate during the forecast period.
Starch Market Scope and Research Methodology
Market Size in 2023: USD 58.2 Billion
Market Size in 2030: USD 85.79 Billion
CAGR: 5.7 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 228
No. of Tables: 134
No. of Charts and Figures: 190
Segment Covered: By Starch Type, Source, and Application
Regional Scope: North America, Europe, Asia Pacific, and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
The analysis of the Starch market aims to extract valuable information on areas of investment, growth prospects, and leading market vendors. This is done to assist clients in comprehending their competitors’ strategies. The report showcases a comprehensive analysis of critical aspects such as the competitive landscape and impacting factors, using vital resources like charts, tables, and infographics.
The research report provides an in-depth understanding of the global market revenue, macroeconomic indicators, and governing factors, as well as market attractiveness for each segment. The report provides an overview of the growth rate of the starch market for the period from 2024 to 2030. Additionally, the report identifies the qualitative impact of various market factors on market segments and geographies. To provide a clearer understanding of the industry, the report takes a closer look at the current status of various factors including, but not limited to supply chain management, niche markets, distribution channels, trade, supply, demand, and production capability across different countries.
To evaluate the strengths and weaknesses of the key players in the starch market, the study conducts a SWOT analysis. Also, the report conducts a detailed examination of drivers and restraints operating in the market. The report also predicts the influence of different industry aspects on the starch market segments and regions.
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Starch Market Overview
Starch, a crucial ingredient across various industries, including food processing, pharmaceuticals, cosmetics, and paper manufacturing, is witnessing an increasing demand from consumers and manufacturers alike. The primary reason for this growth is the rising health consciousness among consumers, leading to a preference for natural ingredients and clean-label products. Additionally, the demand for convenience food items and functional foods is fueling the need for starch and its derivatives, which serve as thickeners, stabilizers, fat replacers, and binding agents. Additionally, the industrial applications of starch are expanding rapidly. The production of biodegradable plastics and the fermentation processes used in the pharmaceutical and biotechnological industries rely heavily on starch and its derivatives. The growing demand for these products is driving the growth of the industrial starch market. Also, the paper and wallboard industry’s increasing reliance on wheat starch, due to its adhesive propertises and consistent viscosity, is contributing to the market’s expansion.
Starch Market Dynamics
The market is experiencing growth thanks to the increasing need for starch in the production of bakery and sweet food items. Starch acts as a thickening agent in both savory and sweet dishes because of its neutral taste and strong gelling power. In North America, it is widely used in sweet dishes like custard, while other regions incorporate it into savory and bakery products. The global increase in snack consumption, with snacks becoming a popular breakfast option, is a major driving force in the market. The preference for snacks as a breakfast option in North America and Europe, along with the growing demand for gluten-free snack products from health-conscious consumers, is boosting the market for savory products. Health-conscious consumers are fueling the demand for gluten-free snack products, thus contributing to market growth. The market’s dynamic landscape is underscored by the use of organic ingredients, participation of fast-food restaurant chains, exploration of starch esters and ethers, use of cationic starches, and engagement in competitive benchmarking. Additionally, the industry’s multifaceted growth is supported by the use of cassava and corn as sources, the utilization of thickeners and emulsifiers, and the importance of native starch, adhesives, and viscosities. These factors are expected to drive market growth during the forecast period.
Starch Market Regional Insights
The Asia Pacific region is expected to be the fastest-growing region in the global starch market. The demand for dairy products in the APAC region has led to an increasing demand for starch, which is extensively used in milk beverages, yogurt, and cheese. For example, according to the USDA, domestic cheese production in China in 2023 reached 22 thousand metric tons (TMT), with local producers expanding production at a similar pace to that of 2021. China is expected to continue exhibiting high demand, particularly for corn starch, due to significant growth in delivery and new research innovations. In 2021, scientists in China developed a novel technology that efficiently turns CO2 into starch. Additionally, the rapid growth of the urban population is contributing to the significant demand for dairy food products in APAC, with a high percentage of the urban population expected to contribute to this demand and boost the regional market’s growth during the forecast period.
Starch Market Segmentation
By Starch Type
- Native
- Modified
By Source
- Corn
- Wheat
- Potatoes
- Tapioca
- Others
By Application
- Food Industry
- Industrial
- Pharmaceuticals
- Others
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Key Competitors include in the Starch Market:
- North America
- Cargill Incorporated (United States)
- Archer Daniels Midland Company (United States)
- Ingredion Incorporated (United States)
- Grain Processing Corporation (United States)
- MGP Ingredients, Inc. (United States)
- Manildra Group
- Europe
- Tate & Lyle PLC (United Kingdom)
- Roquette Frères S.A. (France)
- AGRANA Beteiligungs-AG (Austria)
- Beneo GmbH (Germany)
- Asia Pacific:
- Thai Flour Industry Limited (Thailand)
- Gulshan Polyols Ltd (India)
- Vimal PPCE (India)
- China Essence Group Ltd
- Ingredion
- Universal Starch-chem Allied Ltd
- Middle East & Africa
- Tongaat Hulett Starch (South Africa)
- Egyptian Starch and Glucose Company (Egypt)
- African Starch Products (South Africa)
Key questions answered in the Starch Market are:
- What is Starch?
- What is the current growth rate of the Starch Market?
- Who are the key players in the Starch Market?
- What are the factors affecting growth in the Starch Market?
- Who held the largest market share in the Starch Market?
- What is the demand pattern for the Starch Market?
- What are the opportunities for the Starch Market?
- What are the strategies used by competitors in the Starch Market?
- What are the growth prospects in developing countries for the Starch Market?
- Which segment is expected to witness the fastest growth and why in the Starch Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Starch Type, Source, Application, and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:
Whipping Cream Powder Market: The market size was valued at USD 950.03 Million in 2023 and the total Whipping Cream Powder revenue is expected to grow at a CAGR of 7.4% from 2024 to 2030, reaching nearly USD 1565.91 Million by 2030.
Starch Derivatives Market: The market size was valued at USD 71.2 Billion in 2023 and the total Starch Derivatives revenue is expected to grow at a CAGR of 5.5% from 2024 to 2030, reaching nearly USD 103.57 Billion by 2030.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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