Press release
Clean Label Starches: Meeting Consumer Demand for Natural and Simple Ingredients in Food Products
Clean Label Starch Market
The estimated revenue generated by Clean Label Starch in the global market is valued at US$ 1,627.1 Million for 2023. The sales of clean label starch in the global market is projected to expand at the rate of 5.4% to reach the valuation of 2,685.9 Million by end 2033.
The global clean label starch market is projected to witness significant growth over the forecast period. Clean label starch is a type of starch that is produced from natural sources and does not contain any artificial ingredients or additives. It is used in a variety of food and beverage products as a thickening and stabilizing agent. The market is driven by factors such as the increasing demand for natural and clean label ingredients, the growing trend of vegan and vegetarian diets, and the increasing demand for clean label starch in the foodservice industry.
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Market Drivers:
The increasing demand for natural and clean label ingredients is driving the growth of the clean label starch market. Consumers are becoming more aware of the health benefits of natural and minimally processed foods and are seeking out products that are made with clean label ingredients. Clean label starch is a natural alternative to traditional starches that contain artificial ingredients and additives.
Another driver for the clean label starch market is the growing trend of vegan and vegetarian diets. As more consumers adopt plant-based diets, there is an increasing demand for clean label ingredients that are free from animal-derived products. Clean label starch is a popular option for vegan and vegetarian consumers as it is produced from natural sources and does not contain any animal-derived ingredients.
Market Restraints:
One of the main challenges for the clean label starch market is the availability and cost of raw materials. Clean label starch is produced from natural sources such as corn, wheat, and tapioca. The availability of these raw materials can be impacted by weather conditions and other factors, which can lead to price fluctuations.
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Segmentation:
The global clean label starch market can be segmented by type, application, and region. Based on type, the market can be segmented into corn starch, potato starch, wheat starch, and others. Based on application, the market can be segmented into bakery, confectionery, dairy, soups and sauces, and others.
Regional Analysis:
The global clean label starch market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is expected to hold the largest share of the market owing to the growing trend of natural and clean label ingredients in the region. North America is expected to grow at a significant CAGR owing to the increasing demand for clean label ingredients in the foodservice industry.
Competitive Landscape:
The global clean label starch market is highly competitive with key players such as
• Ingredion Incorporated
• AGRANA Beteiligungs-AG
• Archer Daniels Midland Company
• Tate & Lyle
• Roquette Frères S.A.
• Cargill, Incorporated
• BENEO GmbH
• Emsland Group
• SMS Corporation
• Cooperatie Koninklijke Avebe U.A.
• MGP Ingredients, Inc.
• Lyckeby Starch AB
• KMC Kartoffelmelcentralen A.M.B.A
• Banpong Tapioca Flour Industrial Co., Ltd.
• Blattmann Schweiz AG
These players are focusing on new product launches and strategic partnerships to expand their market share. For instance, in December 2021, Roquette Frères launched a new range of clean label starches for the food and beverage industry.
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The global clean label starch market is expected to witness significant growth over the forecast period owing to the increasing demand for natural and clean label ingredients, the growing trend of vegan and vegetarian diets, and the increasing demand for clean label starch in the foodservice industry. However, the availability and cost of raw materials can be a hindrance to market growth. The market is highly competitive with key players focusing on new product launches and strategic partnerships to expand their market share.
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