Market Size of Starch and Starch Derivatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Starch & Starch Derivatives Market Analysis
The global starch and starch derivatives market is projected to register a CAGR of 5.40% during the forecast period, 2022-2027.
The demand for modified starches has been increasing in parallel to the rapid development of the food industry. Modified starches offer a tremendous number of functional benefits to a variety of foods, such as bakeries, snacks, beverages, as well as nutritional foods.
Also, naturally derived rice starches have strong freeze-thaw, acid, and process stability, making them ideal for use in packaged sauces, as well as frozen products. As a natural fat replacer, rice starch brings creaminess to low-fat versions of dairy desserts, ready meals, soups, and sauces, as well as fillings.
The COVID-19 pandemic placed unprecedented stresses on food supply chains, with bottlenecks in farm labor, processing, transport, and logistics, as well as momentous shifts in demand. The effect on the agricultural sectors, including corn, potato, tapioca, and wheat, followed by its intermediate product, such as starches, is marginal, owing to the support of the government that ensured that the supply chain function smoothly in the face of the crisis by stabilizing the food systems, thereby supporting both food security and nutrition. According to the World Bank, the import of legumes (including peas) and pulses from January 2019 to February 2020 declined by 6%, owing to supply chain disruptions, followed by export restrictions. The export restrictions have a direct impact on the prices of the agricultural commodities, comprising all the raw materials, which is expected to automictically have a negative price effect on its processed ingredients, including industrial starches.
