The global Starch market reached a value of about 97.86 million tons in 2021. The industry is projected to grow at a CAGR of around 6.6% in the forecast period of 2022-2027 to reach a value of about 143.92 million tons by 2027.
The global Starch industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is primarily driven by the extensive application of the product in the food industry. The key demand indicator is the highest category spender in the industry report by region—North America.
Starch is a polymeric carbohydrate made of several glucose units linked together by glycosidic linkages. All green plants generate starch, a white, granular organic molecule. Starch is a bland, delicate white powder that is unfathomable in cold water, alcohol, and other diluents. It is the most predominant carbohydrate in human diets worldwide, and it is abundant in staple foods, including wheat, potatoes, maize (corn), rice, and cassava (manioc). The Starch industry report comprises segments by application (food and beverage, paper, pharmaceuticals, and textiles) and region (Europe, North America, South America, Asia Pacific, and the Middle East).
North America comprises the largest share in the industry owing to its developed food industry that uses all ingredients. The leading country in the market in the United States is inclined toward the consumption of gluten-free foods, which is bolstered by the country's government's tight requirements on gluten-free ingredient labelling. As a result, most modified dietary starches originating from corn, waxy maise, and potatoes in the United States are gluten-free. In addition, the Canadian industrial starches industry is rapidly expanding in Canada due to increased customer demand for healthier and cleaner ingredients.
The demand for starch is primarily driving the market as it comprises all-natural/raw materials appealing to the consumers. Furthermore, with the global economy progressively improving, increasing the consumption of processed and convenience foods, the market for industrial starch, which is used extensively in various culinary applications, is seeing higher demand, propelling the entire industry. It also has textural features, particularly as a thickening ingredient in sectors like dairy and drinks. The component also gives it an advantage in the production of gluten-free goods, which is difficult for wheat starch due to the possibility of residues remaining during extraction. Also, the food processing industry's fast development provides a considerable opportunity for ingredient makers to take strategic measures to meet rising demand. Food products like cereals, bread, etc., employ starch as a critical ingredient, thus, resulting in increased demand.
The global Starch industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Starch regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
Wet grinding, washing, sieving, and drying are used in the starch business to extract and purify starches from seeds, roots, and tubers. Cornstarch, tapioca, arrowroot, wheat, rice, and potato starches are the most commonly used refined starches today. Sweet potato, sago, and mung bean are sources of refined starch to a lesser extent. Starch is still derived from more than 50 different types of plants today. Heat is required to thicken or gelatinise untreated starch. When a starch is pre-cooked, it may be used to thicken liquids in cold water very instantaneously.
Corn starch is used as a filler and sizing substance in non-food applications by the paper industry. It's also used in textile, laundry, foundry, air flotation, and adhesives. Various biotechnological derivatives such as organic acids, antibiotics, vitamins, and hormones are mass-produced using starch derivatives as an efficient fermentation foundation. The product's use in starch-based adhesives in industrial products packaging is furthering the industry's growth. Clean-label ingredients and products have a significant influence on the worldwide food and beverage sector. As a result, the wide range of applications of the product is augmenting the industry's expansion.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Many local and foreign businesses compete for market share in the industrial starch industry, which is highly fragmented. Companies use new product releases and advancements as a primary tactic to grow their business. The practice of forging new agreements and partnerships with local players assisted the corporations in expanding their footprint in other nations and releasing new goods in response to changing customer demands while also using the experience of these tiny regional businesses. Companies are entering this sector to establish themselves as health and wellness ingredient makers. Price, product customisation, and customer service are the three most critical competitive considerations in the native and modified starches industry.
1. Executive Summary
2. Starch Industry Snapshot
2.1. Starch Market Outlook
2.2. Starch Industry Analysis by Application
2.2.1. Food and Beverage
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Starch Value Chain Analysis
5. Starch Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Starch Cost Structure
9. Starch Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Starch Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Archer Daniels Midland Company
15.2. Cargill Inc.
15.3. AGRANA Beteiligungs-AG
15.4. Roquette Freres S.A
15.5. Tereos SA
The global Starch market size was valued at 97.86 million tons in 2021.
The demand for starch is largely propelling the growth of the market as it comprises all-natural/raw materials appealing to the consumers.
The significant demand for starch in various gluten-free products is one of the essential drivers of the Starch market growth.
Archer Daniels Midland Company, Cargill Inc., Argana Group, Roquette Freres, and Tereos SA are some of the leading players in the market.
The North American region of the Starch industry holds a significant share in the market.
The global Starch market attained a value of 97.86 million tons in 2021, driven by the demand for starch as it comprises all-natural/raw material appealing to the consumers. Furthermore, due to the developing economy's increased consumption of processed and convenience foods, the market is witnessing growth. Aided by the various applications of the product, including the paper industry, textile, laundry, foundry, air flotation, and adhesives, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.6%. The market is projected to reach 143.92 million tons by 2027. Some of the leading players in the industry are Archer Daniels Midland Company, Cargill Inc., Argana Group, Roquette Freres, and Tereos SA.
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