Press release
Industrial Starch Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Industrial Starch Market
The Business Research Company's Industrial Starch Global Market Report 2023 identifies the rise of the pharmaceutical industry as the major driver for the industrial starch market's growth in the forecast period. The pharmaceutical industry refers to the discovery, evolution, and manufacture of drugs and medications (pharmaceuticals) by public and private organizations. Starches are being used in the pharmaceutical industry for numerous reasons, such as an excipient, a tablet and capsule diluent, a tablet and capsule disintegrant, a glidant, or a binder.
The global industrial starch market size grew from $84.29 billion in 2022 to $92.14 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global industrial starch is expected to grow to $124.15 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the industrial starch market are Cargill Incorporated, Archer Daniels Midland Company, Grain Processing Corporation, The Tereos Group, Manildra Group, Everest Starch India Pvt. Ltd., AGRANA Beteiligungs-AG, Ingredion Incorporated, Kent Nutrition Group Inc.
A key trend in the industrial starch market includes product innovation. Major companies operating in the industrial starch sector are focused on developing new product innovations to strengthen their position. For instance, in March 2021, Ingredion Incorporated, a US-based food company, launched a new addition, ULTRA-TEX 1311, to its extensive range of potato-based solutions for the U.S. and Canada. ULTRA-TEX 1311 is a modified potato starch used in a large variety of traditional and alternative formulations for creating indulgent textures, improving stability vs. native potato starch, or replacing oil without sensory appeal. The starch is mainly ideal for plant-based, low-fat and reduced-fat.
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The industrial starch market is segmented -
• By Product: Cationic Starch, Ethylated Starch, Oxidized Starch, Acid Modified Starch, Unmodified Starch
• By Source: Corn, Wheat, Cassava, Potato, Other Sources
• By Application: Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the industrial starch market.
The Business Research Company's "Global Industrial Starch Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Starch Market Include:
1. Executive Summary
2. Industrial Starch Market Characteristics
3. Industrial Starch Market Trends And Strategies
4. In-Flight Catering Services - Macro Economic Scenario
5. Industrial Starch Market Size And Growth
……
26. Africa Industrial Starch Market
27. Industrial Starch Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Starch Market
29. Industrial Starch Market Future Outlook and Potential Analysis
30. Appendix
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