3 Key Insights on Competitive Landscape in Global Industrial Starch Market: Ken Research

Country Niche Players Dominate the Market Holding ~40% of Revenue Share Despite the Presence of about ~200 competitors comprising a Several Regional Players and Global Players, finds a recent market study on Global Industrial Starch Market by Ken Research

Starch is a homopolysaccharide generated from glucose units that are stored in plants as carbohydrates. It is created from fragments of plant cells and is stored in seeds, tubers, and roots. It is used commonly in various industries such as food and beverage, feed, pharmaceuticals, and others. There are several different sources of industrial starches, including corn, potatoes, wheat, and others.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Country Niche Players Who Comprise ~55% in Terms of the Number of Competitors Hold the Dominant Revenue Share

Competitive Analysis by the Ken Research Study found that the Global Industrial Starch market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in the development and execution for specific segments. The country-niche players comprise just about ~55% in terms of the number of companies, followed by regional players accounting for ~30% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create specific industrial starch often get acquired by large global players seeking to grow and diversify quickly.

In March 2020, Western Polymer, a company that produces natural and modified potato thickeners for food and industrial purposes, was acquired by Ingredion Inc. The acquisition is anticipated to increase Ingredion's capacity to produce potato thickeners, improve its processing abilities, and increase the business and customer base for its higher-value specialty ingredients.
In April 2021, Cargill partnered with Starpro, Thailand's leading manufacturer of food-grade tapioca starch. This alliance aims to increase its specialty tapioca starch solutions in the Asia Pacific area, aiding food makers with their product processing needs and meeting consumers' sensory expectations.

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2. Leading Specialist Global Players' Ongoing Efforts To Provide Industrial Starch To a Variety of Industries Drive the Growth of the Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies, such as Archer Daniels Midland Company, and Gain Processing Corporation are highly focused on providing a significant number of industrial starch products that can be used across multiple industries, including food & beverage, Paper Making, Pharmaceuticals, and many more.

In March 2021, in order to expand its plant-based portfolio, Ingredion Incorporated introduced PURITY P 1002, a pea starch. The product improves texture for a variety of products, including vegan cheese, gluten-free baked goods, and gelatin-free confectionary.

3. Government Initiatives to Aid in the Expansion of the Global Market for Industrial Starch

In June 2021, Marie-Claude Bibeau, Canada's Minister of Agriculture and Agri-Food, and Saskatchewan Agriculture Minister David Marit announced US$2.5 million in support for research sponsored by the University of Saskatchewan exploring novel applications for starches derived from pulse crops.
In April 2019, the Ghanaian government has announced intentions to establish a cassava starch processing facility in the western region before the end of the year as part of its One District One Factory (IDIF) initiative.

Key Topics Covered in the Report

Snapshot of Global Industrial Starch Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Industrial Starch Market
Historic Growth of the Overall Global Industrial Starch Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Industrial Starch Industry
Overview, Product Offerings, and Strength & Weakness of Key Competitors
COVID-19 Impact on the Overall Global Industrial Starch Market
Future Market Forecast and Growth Rates of the Total Global Industrial Starch Market and by Segments
Market Size of Application Segments with Historical CAGR and Future Forecasts
Analysis of Global Industrial Starch in Major Regions
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Notable Emerging Companies Mentioned in the Report

Shubham Starch Chem Pvt. Ltd
SPAC Starch Products (India) Private Limited
Sanstar Bio - Polymers Ltd.
Bangkok Starch Industrial Co., Ltd.
Everest Starch Pvt. Ltd.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Industrial Starch Companies
Industrial Starch Manufacturers Association
Food Manufacturers Association
Food Grade Chemicals Manufacturers
Research & Development Institutes for Industrial Starch
Industrial Starch Manufactures
Industrial Starch Supplier
Industrial Starch Raw Material Provider
Investment Banks Targeting Industrial Starch Market
Industrial Foods Manufacturers
Food Ingredients Manufacturers
Government Ministries and Departments of Foods
Government Ministries and Departments of Chemicals
Food Research Institutes
Food Regulatory Authorities

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-industrial-starch-market-outlook-2028/

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This release was published on openPR.