Global Industrial Starch Market Size By Type, By Source, By Application, By Geographic Scope And Forecast

Industrial Starch Market Size And Forecast

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Industrial Starch Market size was valued at USD 107.72 Billion in 2023 and is projected to reach USD 176.14 Billion by 2031, growing at a CAGR of 6.34% during the forecast period 2024-2031.

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Global Industrial Starch Market Drivers

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The market drivers for the Global Industrial Starch Market can be influenced by various factors. These may include:

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• Expanding Food and Beverage Sector: The use of industrial starch as a thickening, gelling, and stabilising ingredient in a variety of food and beverage items is a major factor driving the market for this product.

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• Growing Need for Convenience Foods: As consumers’ preferences for ready-to-eat and convenience foods grow, so does the need for industrial starch, which is frequently utilised in their manufacturing.

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• Growth of the Textile Industry: The textile industry uses starch for printing, finishing, and sizing procedures. The need for industrial starch is driven by the expansion of the textile sector, especially in emerging economies.

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• Growing Use in the Paper and Packaging Sector: To improve the strength and quality of paper, industrial starch is a crucial ingredient in the paper-making process. The industry is boosted by the rising demand for paper goods and environmentally friendly packaging options.

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• Growth in the Pharmaceutical Industry: The pharmaceutical industry uses starch as a filler, disintegrant, and binder. The growing need for industrial starch is partly attributed to the growing pharmaceutical industry.

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• Increasing Demand for Bio-based Products: The use of industrial starch is being propelled by the trend towards eco-friendly and bio-based products, such as biofuels and bioplastics.

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• Technological Advancements: The market is growing due to the expansion of the application range of modified starches with increased qualities and the development of innovative starch processing techniques.

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• Agricultural Productivity: The ability to produce industrial starch is directly impacted by the availability of raw materials including corn, potatoes, wheat, and cassava. Crop yields and agricultural technique advancements have a favourable impact on the market.

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• Economic Growth and Urbanisation: As a result of increased disposable income and urbanisation, there is a greater demand for packaged and processed goods, which in turn drives up the price of industrial starch.

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• The Industrial Starch Market is supported by favourable government policies and regulations that encourage the use of renewable and biodegradable materials.

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Global Industrial Starch Market Restraints

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Several factors can act as restraints or challenges for the Global Industrial Starch Market. These may include:

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• Variable Costs of Raw Materials: The price of primary sources of starch, such as corn, wheat, and cassava, can fluctuate greatly. The pricing and total cost of manufacturing of industrial starch are affected by this variation.

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• Environmental Issues: Starch manufacture can produce waste and uses a lot of water, which raises environmental problems. Production methods may be restricted or operating expenses may rise as a result of strict rules and sustainability concerns.

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• The threat of substitutes: A serious risk is posed by the accessibility and growing usage of alternatives including cellulose, gums, and synthetic polymers. Since these substitutes can frequently carry out comparable tasks, the market for conventional starch products will decline.

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• Supply Chain Interruptions: Natural disasters, geopolitical unrest, and delays in transit can all cause supply chain disruptions, which can have an impact on starch availability and pricing stability.

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• Regulatory Obstacles: Regulations governing the use of starch in culinary and industrial purposes vary between different locations. Adherence to the many regulations can prove to be expensive and intricate.

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• Technology Difficulties: The creation of more affordable or effective substitutes could result from innovations and developments in other industries, which might reduce the market for conventional starch products.

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• Financial Elements: Economic downturns can have an impact on the demand for starch used in non-food applications including paper, textiles, and adhesives by reducing industrial activity.

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• Customer Preferences: A shift in consumer tastes, particularly in favour of natural and organic goods, may have an effect on the market for modified or artificial starches.

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• Health Issues: Growing public knowledge of the health risks associated with high carbohydrate intake may have a detrimental impact on the food industry’s need for starch-based goods.

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• Trade Limitations: Trade disputes, export prohibitions, and tariffs can all have an impact on the price and distribution of industrial starch worldwide.

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Global Industrial Starch Market Segmentation Analysis

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The Global Industrial Starch Market is Segmented on the basis of Type, Source, Application, And Geography.

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Industrial Starch Market, By Type

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• Native Starch: This is the purest form of starch and is derived from various sources like corn, wheat, potato, and tapioca. It finds application in food processing, textiles, and pharmaceuticals due to its thickening, binding, and gelling properties.

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• Starch Derivatives & Sweeteners: Starch derivatives are modified starches with altered functionalities to meet specific industrial needs. Some common types include modified tapioca starch, cationic starches, and acid-modified starches. Sweeteners, like dextrose and maltose, are also derived from starch. They are used in various food and beverage applications.

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Industrial Starch Market, By Source

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• Corn: Corn is the most widely used source of industrial starch due to its high starch content, low cost, and easy availability. Corn starch is used in various applications, including food processing, textiles, pharmaceuticals, and adhesives.

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• Wheat: Wheat starch is another significant source of industrial starch. It is used in baking, adhesives, and textiles.

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• Cassava: Cassava is a starchy root vegetable that is a major source of industrial starch in tropical regions. Cassava starch is used in food processing, textiles, and pharmaceuticals.

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• Potato: Potato starch is used in food processing, textiles, and pharmaceuticals. It has unique thickening and binding properties.

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Industrial Starch Market, By Application

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• Food: Industrial starch plays a crucial role in the food industry as a thickener, binder, texturizer, and stabilizer. It is used in various food products like soups, sauces, bakery items, confectionery, and processed meats.

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• Feed: Starch is used as a binder and bulking agent in animal feed pellets.

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• Paper Making & Corrugation: In the paper industry, starch is used as a binder to hold paper fibers together. It also improves the strength and printability of paper.

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• Pharmaceutical: Starch is used as a binder, disintegrant, and bulking agent in pharmaceutical tablets and capsules.

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• Other applications include textiles, adhesives, building materials, and bioplastics.

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Industrial Starch Market, By Geography

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• North America: Market conditions and demand in the United States, Canada, and Mexico.

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• Europe: Analysis of the Global Industrial Starch Market in European countries.

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• Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.

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• Middle East and Africa: Examining market dynamics in the Middle East and African regions.

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• Latin America: Covering market trends and developments in countries across Latin America.

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Key Players

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The major players in the Global Industrial Starch Market are:

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• Ingredion Inc.

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• Cargill, Incorporated

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• Archer Daniels Midland Company

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• Roquette Frères

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• Tate & Lyle PLC

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• Avebe U.A.

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• Grain Processing Corp

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• The Tereos Group

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• Royal Cosun

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• Altia Industrial Services

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• Universal Starch Chem Allied Ltd.

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Report Scope

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Research Methodology of Market Research:

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Reasons to Purchase this Report

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Provision of market value (USD Billion) data for each segment and sub-segment
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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