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Global Starch Market Set to Surpass USD 2.7 Billion by 2030 - Latest report by TMR

12-28-2023 03:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research Pvt Ltd

/ PR Agency: Transparency Market Research Pvt Ltd
Global Starch Market

Global Starch Market

The global starch market is expected to reach a hefty USD 2.7 billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. The global starch market, a cornerstone of the food and industrial sectors, is experiencing substantial growth driven by its versatile applications, technological innovations, and increasing demand for sustainable and plant-based ingredients.

This research report provides a thorough analysis of the market, exploring key trends, applications, challenges, and future prospects within the starch industry. The starch market encompasses a wide range of starch sources, including corn, wheat, tapioca, and potato starch. Its applications span the food and beverage industry, pharmaceuticals, textiles, and industrial processes where it serves as a thickening, stabilizing, and gelling agent.

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Key Players:

• Cargill
• Incorporated
• Archer Daniels Midland Company
• Ingredion Incorporated
• Tate & Lyle PLC
• Roquette Frères S. A.
• AGRANA Beteiligungs-AG
• Grain Processing Corporation
• Beneo GmbH
• MGP Ingredients, Inc.
• Thai Flour Industry Limited and more

Key Market Drivers:

• Food and Beverage Industry Demand: The increasing demand for convenience foods, processed foods, and plant-based alternatives drives the consumption of starch in the food and beverage sector.
• Industrial Applications: Starch is widely used in industrial applications, such as the production of biofuels, paper, textiles, and adhesives, contributing to its market growth.
• Focus on Clean Label and Sustainability: Consumer preferences for clean label ingredients and sustainable sourcing propel the demand for natural and plant-based starch products.

Market Challenges:

• Fluctuating Raw Material Prices: The starch market is influenced by the fluctuating prices of raw materials, such as corn and wheat, impacting production costs and market dynamics.
• Competition from Substitute Ingredients: The availability of alternative ingredients and substitutes, such as modified starches and hydrocolloids, presents challenges for traditional starch producers.

Technological Trends:

• Biotechnology and Genetic Modification: Ongoing research focuses on biotechnological advancements and genetic modifications to enhance the properties and functionality of starch for various applications.
• Clean Label Starches: The development of clean label starches, free from additives and chemical modifications, aligns with consumer preferences for natural and minimally processed ingredients.

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Market Segmentation:

• Starch Types: The market includes various starch types such as native starch, modified starch, and sweeteners like corn syrup and maltodextrin, each tailored for specific applications.
• End-Use Industries: Starch finds applications in the food and beverage industry, pharmaceuticals, textiles, paper and packaging, and biofuel production.

Regional Market Dynamics:

• Asia-Pacific: A dominant region in the starch market, driven by the production of staple crops like rice and cassava, as well as the growing demand for processed foods.
• North America: The region experiences steady growth, with the corn industry playing a significant role in starch production for both food and industrial applications.
• Europe: Stringent regulations and a focus on sustainability influence the European starch market, with a rising demand for plant-based ingredients.

Growth Catalysts: Fueling Market Expansion

Several factors are propelling the starch market towards continued growth:
• Rising disposable income: Increasing purchasing power in developing economies fuels the demand for processed food and packaged goods, leading to higher starch consumption.
• Urbanization and busy lifestyles: Convenience food trends drive the demand for instant noodles, soups, and frozen meals, all reliant on starch for texture and thickening.
• Focus on renewable resources: Starch, a naturally derived and biodegradable material, aligns with the growing emphasis on sustainability, fostering its adoption in various industries.
• Technological advancements: Innovations in starch modification techniques are creating new functionalities and expanding application possibilities.

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Why Invest in This Nutritious and Versatile Market Report?

• Gain market insights: Get a comprehensive analysis of market size, growth drivers, restraints, regional variations, and emerging trends. Make informed decisions with expert forecasts and competitor analysis.
• Navigate the competitive landscape: Understand the strengths, weaknesses, and strategies of key players. Identify potential disruptors and M&A targets.
• Invest with confidence: Leverage data-driven recommendations and expert analysis of promising segments, companies, and emerging trends to optimize your portfolio.
• Stay ahead of the curve: Gain valuable knowledge and insights from industry professionals to adapt to evolving regulations, technological advancements, and consumer preferences.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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