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Thin Boiling Starch Market New Growth Opportunities 2023-2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Thin Boiling Starch Global Market Report 2023 identifies food and beverage industry as the major driver for the Thin Boiling Starch market's growth in the forecast period. It encompasses various businesses and activities, including agriculture, food manufacturing, food service, retailing, and catering. Thin boiling starches are primarily used in the food and beverage industry as versatile ingredients for thickening, stabilizing emulsions, and enhancing the texture of various food products.
The global thin boiling starch market is expected to grow from $13.16 billion in 2022 to $13.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.48%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 thin boiling starch market is expected to reach $15.81 billion in 2027 at a CAGR of 3.6%.
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Major competitors in the Thin Boiling Starch market are Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tereos SCA, Roquette Frères, Tate And Lyle plc, Agrana Group, Colorcon Inc.
A key trend in the Thin Boiling Starch market includes product innovations. Major companies operating in the thin boiling starch market are focused on developing innovative products to sustain their position in the market. For instance, in March 2021, Ingredion Inc., a US-based food company, launched its ULTRA-TEX 1311 modified potato starch. It is an innovative ingredient designed to help manufacturers create indulgent textures faster and better. It is a waxy instant starch that is made from potatoes. Additionally, it has benefits, including creating indulgent textures, improving the clarity of food products, reducing cooking and processing times, and being freeze-thaw stable, used in products intended to be frozen and thawed. Moreover, Ultra-Tex 1311 is used in dairy, bakery, and confectionery to make those chewy, gooey textures, so this ingredient has the potential to revolutionize the way indulgent textures are created.
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The Thin Boiling Starch market is segmented -
• By Product: Potato Starch, Maize Starch, Wheat Starch, Other Products
• By Form: Dry, Liquid
• By Application: Food And Beverages, Textile, Paper And Packaging,
Pharmaceuticals, Personal Care, 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 Thin Boiling Starch market.
The Business Research Company's "Global Thin Boiling 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 Thin Boiling Starch Market Include:
1. Executive Summary
2. Thin Boiling Starch Market Characteristics
3. Thin Boiling Starch Market Trends And Strategies
4. Thin Boiling Starch Market - Macro Economic Scenario
5. Global Thin Boiling Starch Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
26. South America Thin Boiling Starch Market
27. Brazil Thin Boiling Starch Market
28. Middle East Thin Boiling Starch Market
29. Africa Thin Boiling Starch Market
30. Appendix
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