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The global industrial starch 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.
2016 - 2026
Fastest Growing Market:
The global industrial starch market is projected to witness a CAGR of 5.75% during the forecast period.
The 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 & Africa.
|Starch Derivatives and Sweeteners|
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The demand for renewable biopolymers is growing where these are considered as 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.
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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 the wheat production was witnessed in the country, 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.
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The industrial starch market is highly fragmented, with many local and international players competing for the market share. Archer Daniels Midland Company holds the dominant position in the market. 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 has 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.
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.2 Starch Derivatives and Sweeteners
5.2 By Source
5.2.5 Other Sources
5.3 By Application
5.3.3 Paper Industry
5.3.4 Pharmaceutical Industry
5.3.5 Other Applications
5.4 By Geography
5.4.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.4.3 Asia Pacific
184.108.40.206 Rest of Asia-Pacific
5.4.4 South America
220.127.116.11 Rest of South America
5.4.5 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 United Arab Emirates
126.96.36.199 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill, Incorporated
6.4.2 Archer Daniels Midland Company
6.4.3 Ingredion Incorporated
6.4.4 Tate & Lyle PLC
6.4.5 Agrana Beteiligungs AG
6.4.6 Kent Nutrition Group Inc.
6.4.7 Roquette Freres
6.4.8 The Tereos Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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