Food Starch Market to Pronounce $29.1 Billion by 2026: at 5.8% CAGR

Diversification of raw materials, demand for convenience foods, and expansion of F&B industry drive the global food starch market. However, availability of huge number of substitutes and surge in consumer awareness regarding side effects of starch rich diets hinder the market growth. On the other hand, expansion of resistant starch and growing popularity of clean label starch create new opportunities in coming years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/6395

The global food starch market size was $18.9 billion in 2018, and is projected to reach $29.1 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026.

Owing to versatile properties, starch find its application in the food industry. For instance, starch acts as a thickening & emulsifying agent and a texturant. Moreover, it used in gelling, stabilizing, and adhesion. Furthermore, it has rheology modifying property, which has resulted in its widespread adoption, thereby boosting the growth of the global food starch industry. Major application of starch includes bakery, confectionary, sauces, processed meats, noodles, pasta, dry mixes soups, salads dressings, puddings, and pie fillings. Furthermore, modification of starch has resulted in better heat, temperature, pH, and rheological resistance, which fuels its demand across the globe. In addition, development of the food processing industry is expected to bolster the growth of the food starch market in the upcoming years.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/c2fbfdb631a93e762a920d64cd92615c

Key Players

Some of the key players in the food starch market analysis includes ADM, Cargill, Ingredion, Tate and Lyle, BENEO, Roquette Frères, AGRANA Beteiligungs-AG, SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., and Nutrend Biotech Co., Ltd.

Based on raw material, the maize segment accounted for the highest market share in 2018, contributing to more than two-thirds of the global food starch market, and is estimated to continue its lead in terms of revenue throughout the forecast period. This is attributed to extensive use in packaged food & food processing industry and economical benefits in comparison to other modifier agents. However, the wheat segment is expected to grow at the CAGR of 6.1% from 2019 to 2026.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/6395

Based on region, Asia-Pacific held the highest market share, accounting for nearly two-fifths of the total market share of the global food starch market in 2018, and is expected to maintain its lead position throughout the forecast period. Moreover, this region is expected to grow at a CAGR of 7.0% from 2019 to 2026. This is due to the expansion strategies adopted by various food & beverages companies in the region, cooperation from the regional governments, and rapid industrialization. North America held the second-highest share in terms of revenue with more than one-fourth of the total share in 2018, and will maintain its position by 2026.

Based on raw material, the maize segment accounted for the highest market share in 2018, contributing to more than two-thirds of the global food starch market, and is estimated to continue its lead in terms of revenue throughout the forecast period. This is attributed to extensive use in packaged food & food processing industry and economical benefits in comparison to other modifier agents. However, the wheat segment is expected to grow at the CAGR of 6.1% from 2019 to 2026.

𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/6395

Key Findings of the Study:

Maize segment was the highest contributor to the global food starch market, with $13.2 billion in 2018, and is estimated to reach $19.6 billion by 2026, at a CAGR of 5.3% during the forecast period.

In 2018, by end user, the business to business segment accounted for about 82% of the global food starch market share in 2018, and is expected to grow at the CAGR of 5.6%.
However, this segment is expected to lose market share to business to consumer segment.

In 2018, depending on type, the sweetener segment led in terms of market share, however, the modified starch segment is expected to garner market share in the estimated forecast.

Asia-Pacific dominates food starch the market, in terms of share, and is expected to cont

Asia-Pacific region is anticipated to grow with robust CAGR of 7.0% during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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Citric Acid Regulators Market - https://www.prnewswire.com/news-releases/citric-acid-regulators-market-to-reach-3-1-billion-globally-by-2031-at-5-3-cagr-allied-market-research-301694740.html

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