Industrial Starch Market

Introduction:

Industrial Starch Market is currently experiencing a period of significant innovation and sustainability across various sectors, driven by the versatile nature of starch derived from sources like corn, wheat, cassava, and potatoes. The increasing consumer preference for natural and plant-based ingredients, coupled with advancements in technology for starch extraction and modification, has further fueled the demand for industrial starches in diverse industries. Despite facing challenges such as fluctuating raw material prices, regulatory constraints, and competition from alternative ingredients, ongoing research and development efforts are paving the way for growth and innovation in Industrial Starch Market. It is evident that Industrial

Starch Market is not only meeting present demands but also shaping a sustainable future for industries worldwide through continuous efforts in enhancing production efficiency, exploring new sources, and promoting sustainability.

Market overview: 

The sector of industrial starch has become a thriving and dynamic market, encompassing various industries and applications worldwide. These industrial starches are highly valued for their versatility, functionality, and sustainability, making them essential ingredients in sectors such as food and beverage, pharmaceuticals, textiles, and paper production. In the year 2024, Industrial

Starch Market achieved a significant milestone by reaching a valuation of USD 108 billion. This milestone not only highlights the market's strong growth trajectory but also reflects the increasing demand for starch-based solutions driven by evolving consumer preferences and technological advancements.

Projections indicate that the market is set to experience substantial expansion in the upcoming years. By 2032, it is expected to reach a valuation of USD 178.8 billion, showcasing an impressive compound annual growth rate (CAGR) of 6.5% from 2024 to 2032. This projected growth can be attributed to various factors, including the growing awareness of the benefits of industrial starches, the expanding applications across diverse industries, and the continuous innovation in extraction and modification techniques. Moreover, the market landscape is characterized by a mix of established players and innovative startups, each contributing to the evolution and diversification of product offerings. As stakeholders strive to meet evolving consumer demands, improve sustainability practices, and navigate regulatory landscapes, collaboration and innovation are expected to remain crucial drivers of growth and competitiveness within Industrial Starch Market.

Industrial Starch Market

Size, by Product, - (USD Billion)

Native Starches

Modified Starches

Sweeteners

Other Specialty Starches

Other Products

The Market will Grow

At the CAGR of:

6.5%

The Forecast Market

Size for in USD:

$178.8 billionB

Key players:

1. Cargill
2. Ingredion
3. Archer Daniels Midland (ADM)
4. Tate & Lyle
5. Roquette Frères
6. Grain Processing Corporation
7. Avebe
8. Tereos
9. Emsland Group
10. AGRANA Beteiligungs-AG
11. Südzucker AG
12. Manildra Group
13. Universal Starch Chem Allied Ltd.
14. Penford Corporation
15. Siam Modified Starch Co., Ltd.
16. Guangxi State Farms Sugar Group Co., Ltd.
17. Zhucheng Xingmao Corn Developing Co., Ltd.
18. Gulshan Polyols Ltd.
19. WPP Averrho Biotech Pvt. Ltd.
20. SPAC Starch Products (India) Limited

Industrial Starch Market

Share, by end user, (USD Billion)

%

Food Manufacturers

Pharmaceutical Companies

Textile Mills

Paper Mills

Other End-Users

Total Market Size

USD (Billion),

6.5%

CAGR

-

Market segmentation:

By Type:

Native Starches: Starches extracted directly from plants without any chemical modification.

Modified Starches: Starches subjected to physical or chemical alterations to enhance their functional properties.

Sweeteners: Starch-derived sweetening agents like glucose, fructose, or maltose.

Other Specialty Starches: Specialized starch products tailored for specific industrial applications, such as biodegradable plastics or adhesives.

By Application:

Food and Beverages: Utilized as thickeners, stabilizers, or texturizers in various food and beverage products.

Pharmaceuticals: Used in drug formulations, as excipients or binding agents.

Textiles: Employed in textile sizing, finishing, or printing processes.

Paper and Packaging: Integral in paper manufacturing for improving paper strength and printability.

Animal Feed: Added to animal feed formulations for their nutritional benefits.

Biofuels: Used as a feedstock for biofuel production, such as ethanol.

Others: Includes applications like cosmetics, adhesives, and construction materials.

By End User:

Food Manufacturers: Companies producing processed food items.

Pharmaceutical Companies: Entities involved in the production of pharmaceutical drugs.

Textile Mills: Facilities engaged in textile manufacturing processes.

Paper Mills: Factories manufacturing paper and paper products.

Animal Feed Producers: Entities involved in the production of animal feed.

Biofuel Producers: Companies engaged in the production of biofuels.

Others: Various industries and sectors utilizing starch-based products for different purposes.

Industrial Starch Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

6.5%

The Forecast Market

Size for in USD:

$178.8 billionB

Recent Development:

April 24, 2024. Cargill and local farmers collaborate in conservation monitoring of 10,000 trees in village forest.

February 06, 2024 Ingredion launches first functional native, clean label starch with gelling and improved mouthfeel capabilities

Regional Analysis:

Industrial Starch Market is currently dominated by North America and Europe, thanks to their well-established industries, strong infrastructure, and commitment to sustainability. These regions have a significant market share due to their advanced production capabilities and strict regulatory environments that promote the use of natural and eco-friendly starch products.

However, the Asia Pacific region is quickly emerging as a major player in the market. This is driven by its abundant agricultural resources, growing economies, and increasing industrialization. By investing in technology, infrastructure, and sustainability initiatives, the Asia Pacific region offers great market potential, especially in sectors such as food, pharmaceuticals, and textiles. As the region adopts sustainable practices and aligns with global trends, it is poised to challenge the dominance of North America and Europe in the global starch market in the near future.

Market growth factors:

Growing demand for natural ingredients: Consumer preference for clean label products is increasing demand for natural and vegetable starches, fueling market growth.

Expansion of the food industry: The growing food industry, along with the increasing demand for convenience foods, increases the need for starches as thickeners, stabilizers and textures.

Technological Advances: Continued innovations in starch extraction, modification and application techniques improve product functions and expand market opportunities.

New Applications: Diversification into new applications such as bioplastics, pharmaceutical excipients and industrial adhesives opens up opportunities for market expansion.

Economic Development in Emerging Markets: Rapid industrialization and urbanization in emerging economies are increasing per-unit income, leading to increased consumption of processed foods and starchy manufactured goods.

Market trends:

Clean Label Trend: Consumer demand for transparency and natural ingredients is driving the adoption of clean label starches, forcing manufacturers to redesign products.

Sustainable Sourcing: Growing awareness of environmental sustainability is encouraging companies to source starch from renewable and environmentally friendly sources, thus fueling market growth.

Functional starches: The growing interest in functional foods and personalized nutrition is leading to the development of starches with improved nutritional value and health benefits.

Plant-based alternatives: The shift to plant-based diets and alternatives is increasing demand for non-GMO, gluten-free and organic starches, reflecting market trends.

Digitization and Industry 4.0: The introduction of digital technologies and automation streamlines production processes, increases efficiency and reduces operating costs in starch production.

Industrial Starch Market TO (USD BN)

CAGR OF

6.5%

Industrial Starch Market

178.8 billion%

Market Opportunities:

Emerging Markets: The untapped potential of emerging economies offers lucrative opportunities for market expansion as disposable incomes rise and consumer lifestyles change.

Specialty starches: The growing demand for specialty starches tailored to specific applications, such as resistant starches and prebiotic fibers, offers opportunities for product innovation and

differentiation.

Sustainability initiatives: Investments in sustainable practices, including renewable energy, waste reduction and carbon footprint reduction, create opportunities for market differentiation and brand enhancement.

Technical Innovations: Continued research and development of starch modification techniques, biotechnology and bioprocessing open opportunities for product diversification and performance improvement.

Collaborative Partnerships: Strategic collaborations and partnerships across industries facilitate information exchange, market access and innovation, which increases the growth and competitiveness of the starch market.

Market Restraints:

Fluctuations in raw material prices: Fluctuations in the prices of agricultural commodities such as corn and wheat affect production costs and profit margins for starch producers.

Compliance: Strict regulations related to food safety, labeling and environmental sustainability burden compliance and increase operational complexity.

Competition from substitutes: The availability of alternative ingredients and functional additives will challenge the growth of the starch market, especially in mature sectors.

Supply chain disruptions: Supply chain disruptions such as transportation bottlenecks and trade restrictions can affect the availability of raw materials and hinder market growth.