Market Size of North America Food Starch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Food Starch Market Analysis
The North American food starch market is projected to register a CAGR of 5.6% during the forecast period, 2022-2027.
Food starch has a significant part in the food industry that is widely used in the production of various food products including convenience food products, bakery, and confectionery products owing to its stabilizing property and nutritional benefits. With growing consumer demand for all-natural ingredients in food products, the demand for food starch is increasing rapidly and the market is highly competitive. Moreover, the abundance of raw supplies integrated into the supply chain and diversified usage of starch across the end-use industries are the factors boosting the demand for food starch in the North American region. However, the COVID-19 pandemic has negatively impacted starch production due to the lack of resources and disruption in the supply chain of raw materials.
In recent years, consumers' demand for ready-to-eat food products has increased due to changing lifestyles and high disposable income. Several RTE and packed foods contain starch; hence, the demand for food starch is expected to drive market growth in the next few years. In addition, the growing trend for clean label products is further promoting the growth of clean label starch in the market as it is Non-GMO and chemical free. This has created an opportunity for the players to produce new products in the market. For instance, in April 2022, Ingredion Inc., launched NOVATION Lumina 8300 functional rice starch specially for the consumer who prefer the clean label products.
