Press release
Organic Starch Market to Exhibit Promising Growth Fueled by Rapidly Changing Consumer Lifestyle and Rising Number of Retail Stores Selling Ready-to-eat Packaged Food | Players Tate & Lyle, Cargill, Inc., Ingredion Incorporated, Aryan International, Cirand
In the world economic growth, the Organic Starch industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past five years, Organic Starch market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2020, SMI analysts believe that in the next few years, Organic Starch market size will be further expanded, we expect that by 2027, The market size of the Organic Starch will reach XXX million $.Organic Starch Market Overview
Organic Starch is a product derived from the extracts of different kinds of legumes, which are very useful in various medicinal applications. The extract of these legumes, which are very useful in providing a lot of nutritional support to the human body, are generally prepared by a process called saponification. This process is carried out by the process of dehydrating the extracts, which removes the moisture and starch from them, leaving behind a dry powder. The global organic starch market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global organic starch market is expected to witness significant growth during the forecast period, owing to a rapidly changing consumer lifestyle and a rising number of retail stores selling ready-to-eat packaged food.
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Organic Starch Market Drivers
Increasing demand for starch-based ingredients in packaged and convenience food industries is expected to drive growth of the global organic starch market during the forecast period. The demand for starch-based ingredients is increasing since they are widely used in a variety of packaged and convenience food products. Some of the most commonly used organic starch include wheat starch, potato starch, dextrin, glucose syrup, maize starch, etc. Key industry players are launching innovative starch-based products to cater to high demand in the market. For instance, in November 2020, Beneo, an ingredient manufacturer, introduced new rice starch Remypure S52 P for clean label food preparations. Thus, these factors are expected to drive growth of the global organic starch market during the forecast period. Moreover, rapidly changing consumer lifestyle and rising number of retail stores selling ready-to-eat packaged food are expected to boost the global organic starch market growth over the forecast period.
Market Restraint
However, changing climate and erratic rainfall patterns deterring the crop quality is expected to hinder the global organic starch market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global organic starch market during the forecast period. This is owing to the extensive demand for packaged food in the region. Europe is expected to register a robust growth rate over the forecast period, owing to fertile resources and increasing demand.
Competitive Section
-- Major companies involved in the global organic starch market are Tate & Lyle, Cargill, Inc., Ingredion Incorporated, Organic Partners International, Aryan International, Ciranda, Inc., and California Natural Products.
-- For instance, in June 2019, Ingredion Inc. launched a new range of its clean label texturizers, NOVATION Lumina functional native starches.
Region Segmentation
• North America Country (United States, Canada)
• South America
• Asia Country (China, Japan, India, Korea)
• Europe Country (Germany, UK, France, Italy)
• Other Country (Middle East, Africa, GCC)
Product Type Segmentation
• Potato
• Wheat
• Corn
Industry Segmentation
• Bakery
• Meat
• Confectionery
• Dry Blends
The report’s conclusion reveals the overall scope of the Global Organic Starch Market in terms of feasibility of investments in the various segments of the market, along with a descriptive passage that outlines the feasibility of new projects that might succeed in the market in the near future.
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