Market Size of China Starch and Starch Derivatives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.57 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Starch & Starch Derivatives Market Analysis
China starch and starch derivatives market is anticipated to register a CAGR of 6.57% during the forecast period (2020-2025).
- Abundant raw supplies, integrated supply chain, and diversifying usage of starch across end user industries have been the primary factors boosting the market demand in the country. Furthermore, the demand for native and modified starch in food is increasing with the rising usage in the frozen food sub-segment, which is expected to hold a predominate share in food applications.
- Imports of modified food starch in China have been booming in the past years, due to the fact that the quality and the price of foreign products often surpass their Chinese counterparts. FoodChem, Ingredion Inc., Nutrend Biotech Co. Ltd, and COFCO Biochemical Corporation are some of the modified starch manufacturers in the country.