Global Industrial Starch Market
Industrial Starch Market: Industrial starch is used by the industries for adhesive purpose and also has a wide range of applications. Generally, starch is obtained from various sources like cassava, potato, wheat etc. Starch has several uses not only in the food industry but also in non-food industries also such as paper, textile, mining, building materials due to its adhesive property.
In the recent years’ industry, the starch market has experienced a rapid growth and it is anticipated to continue the trend. Rapid growth in food processing industry, rising demand for the convenience foods, growing demand for the adhesives in various industries and the wide range of benefits related to starch are the few factors which are boosting the growth of the industrial starch market globally. However, the Industrial Starch Market is facing few challenges as well. Some of the major restraints are high initial investments of R&D, availability of alternatives like resin glues and development of Arabic gum market.
The Industrial Starch Market is classified on the basis of type, application, source, form, function.
Based on application, Global Industrial Starch Market is segmented
- Food & beverage
- Textile industry
Based on type, Global Industrial Starch Market is segmented
- Starch derivatives & sweeteners
- Native Starch
- Modified starch
Based on source, Global Industrial Starch Market is segmented
Based on form, Global Industrial Starch Market is segmented
Based on Function, Global Industrial Starch Market is segmented
- Thickening agent
- Stabilizing agent
- Binding agent
- Film-forming agents
- Gelling agent
Industrial starch market players are majorly adopting the growth strategies such as expansions, investments, product launches, mergers and acquisitions etc. in order to gain the larger market share. Companies which are associated with the industrial corn starch market are focusing on cost-effective solutions that are aimed towards the various applications in frozen food and dairy products. Market players in Cassava starch are riding their expansion on new product developments. The advanced technologies in starch modification helped the market players to attain the significant position in the industrial starch market. For example, in March 2016, Avebe entered into the last stage of potato harvesting campaign after which they can be able to harvest superior quality foodstuffs for the development of starch from potato and extend their production. Companies are concentrating on focusing on R&D improve capabilities of modified starch and production of high-quality starch products. Roquette Group has extracted modified starches from waxy maize, maize, wheat, pea and potato for the use in confectionery and bakery industries. Roquette Group has also acquired 3 Indian companies of starch production and formed a joint venture business to broaden its presence in Asia-Pacific market for the industrial starch.
Geographically Industrial Starch Market is segmented as Latin America, Europe, Asia- Pacific, North America, and The Middle East & Africa. Asia-Pacific region is driven by growing starch consumption, its derivatives, and sweeteners in China and India. China holds nearly half of the starch consumption in APAC region. Countries like Thailand, China, and India are in better position in the production of starch at competitive prices than the developed nations such as North America and Europe owing to a liberal regulatory framework and low cost of production and raw materials. North America and Europe hold significant market share in the industrial starch market owing to the growing industrial packaging and end-use industries.
Some of the players in Industrial Starch market are The Tereos Group (France), Archer Daniels Midland Company (U.S), Cargill (U.S), Ingredion Incorporated (U.S), AGRANA Beteiligungs-AG (Austria), Tate & Lyle PLC (U.K.), Roquette Frères (France), Altia Industrial Services (Finland), Grain Processing Company (U.S.), and Royal Cosun (Netherlands)
- In May 2017, Tate & Lyle, P.L.C. London based company introduced seventeen non-bioengineered starches which offer same functionality as their conventional counterparts.
- In 2017 April, Ingredion introduced new texturizer Precisa Crisp 31 and Precisa Crisp 320 (native corn starch) and Precisa Crisp 130 and Precisa Crisp 151(Modified tapioca starch) for baked chips.
- The report provides granular level information about the market size, regional market share, and forecast from 2017-2023
- The report covers in-detail insights about the competitor’s overview, key findings, and their key strategies
- The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
- The report tracks recent innovations, key developments, and startup’s details that are working in the industry
- The report provides plethora of information about market entry strategies, regulatory framework, and reimbursement scenario