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Pregelatinized Starch Market Overview, Outlook, Size, Share, Demand 2024-2033 |
Pregelatinized Starch Market
The Business Research Company offers in-depth market insights through Pregelatinized Starch Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pregelatinized starch market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to food and beverage industry growth, demand in pharmaceutical industry, preference for clean label products, expansion of processed food industry, cost-effective ingredient.
The pregelatinized starch market size is expected to see steady growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing demand in gluten-free products, growth in textile industry, rising demand in cosmetic industry, sustainable sourcing practices, focus on clean label ingredients. Major trends in the forecast period include technological advancements in processing, rise in gluten-free products, sustainable sourcing and production, customization and functional innovation, increasing adoption in biotechnology.
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Market Segmentation:
The pregelatinized starch market covered in this report is segmented -
1) By Source: Corn, Wheat, Potato, Other Sources
2) By Form: Flake, Powder
3) By Application: Food And Beverage Industry, Pharmaceutical Industry, Chemical Industry, Cosmetics Industry, Other Applications
Major Driver - Rise Of Cosmetics Industry To Drive Market Growth
The growing demand for the cosmetic industry is expected to propel the growth of the pregelatinized starch market going forward. The cosmetic industry is the field that develops, promotes, and markets products meant to improve or alter one's appearance. Pregelatinized starch is utilized in various cosmetic products due to its thickening, binding, and absorption properties. For instance, in April 2023, according to the International Trade Administration, a US-based government agency in China, cosmetics and beauty products sales grew by 10% in 2020 to $88 billion in 2021. Furthermore, in July 2022, according to the International Trade Administration, a US-based government agency, the Canadian cosmetics industry earned about $1.24 billion in 2021. Further, by 2024, industry revenue is anticipated to increase by 1.45% annually to reach $1.8 billion. Therefore, the growing demand for the cosmetic industry is driving the growth of the pregelatinized starch market.
Competitive Landscape:
Major companies operating in the pregelatinized starch market report are Cargill Incorporated, Archr Daniels Midland Company, Asahi Kasei Corporation, Ingredion Incorporated, Tereos Group, Roquette Freres SA, Agrana Beteiligungs-AG, Tate & Lyle PLC, Coöperatie Koninklijke Avebe U.A., Manildra Group, Grain Processing Corporation, BENEO GmbH, Galam Ltd., DFE Pharma, Anil Products Ltd., Emsland Group, Kartoffelmelcentralen (KMC) A.m.b.a, Western Polymer Corporation, Banpong Tapioca Flour Industrial Co Ltd., SMS Corporation Co. Ltd., Universal Starch-Chem Allied Ltd, Visco Starch, Zih Mao Enterprise Co. Ltd., Interstarch GmbH, S A Pharmachem Pvt Ltd., Colorchem Industries Limited, DezhouGaoFeng Starch Co. Ltd., Safal Biopolymers Private Limited
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Top Trend - Product Innovations Transforming The Pregelatinized Starch Market
Product innovations are a key trend gaining popularity in the pregelatinized starch market. Major companies operating in the home pregelatinized starch market are adopting innovative products to sustain their position in the market. For instance, in October 2022, Loryma GmbH, a Germany-based food manufacturing company, launched Lory Starch Opal. This spray-on adhesive is for seeds and other decorative food spices. It is created from pregelatinized wheat starch with an emphasis on solubility to ease its ability to be sprayed on, which helps to reduce food waste. As the dough is not directly touched by the traditional ways of employing brushes or immersion baths, the spray design allows for a hygienic application.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pregelatinized Starch Market Characteristics
3. Pregelatinized Starch Market Trends And Strategies
4. Pregelatinized Starch Market - Macro Economic Scenario
5. Pregelatinized Starch Market Size And Growth
…..
27. Pregelatinized Starch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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