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Industrial Starches Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Industrial Starches Market is segmented by Type (Native, and Starch Derivatives and Sweeteners), Source (Corn, Wheat, Cassava, Potato, and Other Sources), Application (Food, Feed, Paper Industry, Pharmaceutical Industry, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Market Snapshot

industrial starches market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: 5.73 %

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Market Overview

The industrial starches market was valued at USD 55,047.80 million in 2020, and it is projected to reach a CAGR of 5.73% during the forecast period (2021-2026).

The COVID-19 outbreak has impacted demand for industrial starch globally. For instance, according to the All India Starch Manufacturers Association, the industry was down by 40-50% in May 2020, owing to the subdued market demand triggered by the COVID-19 lockdown. The bulk corn starch user segments of textile and paper were down, and unless they operated at near optimum capacity, the corn starch space would continue to be in a lower trajectory. However, although pharmaceuticals account for a minor share of corn starch supplies, manufacturers are looking to offset losses through growth in downstream pharmaceuticals.

Starch is a carbohydrate extracted from agricultural raw materials, which finds applications in literally thousands of everyday food and non-food products. Industrial starches are derived from various sources, including corn, potato, wheat, and other sources. With the global economy gradually improving and resulting in an increased intake of processed and convenience foods, the market for industrial starch, which finds substantial usage in these food applications, is finding increased demand, thereby driving the overall market.

The demand for modified starches is increasing in parallel to the rapid development of the food industry. Modified starches offer a tremendous number of functional benefits to various foods, such as bakeries, snacks, beverages, and nutritional foods.

Moreover, manufacturers are readily inculcating the clean label trend in their products to gain market share. For example, Tate & Lyle expanded the portfolio of CLARIA® Functional Clean-Label Starches with the introduction of two new instant starch products: CLARIA® Instant 340 and 360.

Scope of the Report

Industrial starch is derived from various natural sources such as wheat, corn, cassava, potato, and other sources. Industrial starch is extensively used in the paper industry during the manufacturing and coating process. The global industrial starch market is segmented by type into native and starch derivatives and sweeteners. On the basis of source, the market is segmented into corn, wheat, cassava, potato, and other sources. By application, the market is segmented into food and beverage, feed, paper industry, pharmaceutical industry, and other applications. Also, the report provides global insights into the industrial starches market in the major economies across regions, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasting have been done in value terms of USD million.

By Type
Native
Starch Derivatives and Sweeteners
By Source
Corn
Wheat
Cassava
Potato
Other Sources
By Application
Food
Feed
Paper Industry
Pharmaceutical Industry
Other Applications
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
Russia
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

Expanding Applications of Starch in the Bioplastic Industry

The demand for renewable biopolymers is growing, where these are considered alternatives to synthetic polymers. Starch is one of the abundant polymers in nature. Native and modified starches are used in a wide variety of food and non-food applications. It has been extensively studied because it is abundant, cheap, biodegradable, and edible. Starch-based plastics are complex blends of starch with compostable polyesters. Major bioplastics players, BASF and Novamont, have both launched highly sustainable solutions for fresh-food packaging in two major compostable cling film breakthroughs. BASF SE offers certified compostable ecovio material, while Novamont provides MATER-BI material, replacing the hard-to-recycle conventional plastics, like polyethylene (PE), while increasing product shelf-life, thus, tackling both plastic pollution and food waste simultaneously.

Industrial Starches Market1

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North America Holds a Major Share in the Industrial Starches Market

The North American market is extensively driven by increasing sales of industrial starches in the United States. Globally, the United States was the largest producer of corn with a production of 366.6 million metric ton in 2018-2019, which is utilized in various application areas, including the production of starch. In January 2020, Tate & Lyle introduced a range of non-GMO ingredients, including starches made from dent corn of the country for its application in jelly confections and processed cheese for the enhancement of their texture. In 2019, an upsurge of 63% in wheat production was witnessed in the United States, compared to the previous year. Additionally, the country also imports wheat for its domestic consumption, thus, catering to the Mexican wheat starch market and further catering to the North American market.

Industrial Starches Market2

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Competitive Landscape

The industrial starch market is highly fragmented, with many local and international players competing for the market share. Some of the major players in the market are Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, The Tereos Group, and others. New product launches and innovations are a major strategy adopted by companies to strengthen their business. The strategy of forming new agreements and partnerships with local players helped the companies increase their footprint in foreign countries and release new products according to the consumers’ changing preferences and leverage on the expertise of these small regional companies.

Recent Developments

In November 2020 - Cargill invested USD 100 million in a starch facility in Indonesia. Investment in a new corn wet mill and starch dryer increases the production of starches and sweeteners to meet growing demand in food, industrial and feed markets across the region.

In December 2019 - ADM decided to expand the reach of its starch portfolio to the Canadian market through a partnership with IMCD, a leading distributor of specialty chemicals and food ingredients, effective immediately. ADM texture solutions available to buyers in the Canadian market will include tapioca starch, corn starch, and tapioca maltodextrin, in addition to a range of other ADM solutions.

In October 2018 - Tereos announced the official opening of the Tereos Asia R&D Center, in collaboration with and supported by the Singapore Economic Development Board. The newly established R&D center was expected to leverage the group’s extensive portfolio of products to address the regional demand for noodles, bakery products, confectionery, teas, sauces, snacks, and beverages.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Native

      2. 5.1.2 Starch Derivatives and Sweeteners

    2. 5.2 By Source

      1. 5.2.1 Corn

      2. 5.2.2 Wheat

      3. 5.2.3 Cassava

      4. 5.2.4 Potato

      5. 5.2.5 Other Sources

    3. 5.3 By Application

      1. 5.3.1 Food

      2. 5.3.2 Feed

      3. 5.3.3 Paper Industry

      4. 5.3.4 Pharmaceutical Industry

      5. 5.3.5 Other Applications

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 Germany

        4. 5.4.2.4 Russia

        5. 5.4.2.5 France

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 Archer Daniels Midland Company

      3. 6.4.3 Ingredion Incorporated

      4. 6.4.4 Tate & Lyle PLC

      5. 6.4.5 Agrana Beteiligungs AG

      6. 6.4.6 Kent Nutrition Group Inc.

      7. 6.4.7 Roquette Freres

      8. 6.4.8 The Tereos Group

      9. 6.4.9 Cooperatie Koninklijke Cosun UA

      10. 6.4.10 Altia PLC

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Industrial Starches Market market is studied from 2016 - 2026.

The Industrial Starches Market is growing at a CAGR of 5.73% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

AGRANA Beteiligungs-AG, Archer Daniels Midland Company, The Tereos Group, Tate & Lyle, Cargill Incorporated are the major companies operating in Industrial Starches Market.

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