Press release
Basic Starch Market Size 2024 to 2031.
Basic Starch is a type of carbohydrate that is commonly found in many staple foods such as rice, potatoes, and corn. It is often used as a thickening agent in various food products and plays a significant role in the food industry.
The future outlook for the Basic Starch Market looks promising, with a projected growth rate of 8.60% during the forecasted period. This growth can be attributed to the increasing demand for convenience food products and the rising popularity of starch-based ingredients in the food industry. Additionally, the growing awareness about the health benefits of consuming basic starch is expected to drive market growth further.
The current outlook for the Basic Starch Market is positive, with manufacturers continuously innovating and introducing new products to cater to the changing consumer preferences. The market is also witnessing a rise in research and development activities aimed at improving the functionality and versatility of basic starch in various food applications. Overall, the Basic Starch Market is poised for steady growth in the coming years, driven by factors such as changing dietary habits, increasing disposable income, and the growing food industry worldwide.
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Market Segmentation
The Basic Starch Market Analysis by types is segmented into:
• Potatoes
• Wheat
• Maize
• Cassava
• Others
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The basic starch market is predominantly composed of four main types: potatoes, wheat, maize, and cassava. Potatoes are a popular source of starch due to their versatility and high starch content. Wheat is commonly used for starch production in the form of flour. Maize is a major source of starch globally and is used in various industries. Cassava is a starchy root vegetable that is widely used in starch production. Other sources of starch include rice, barley, and oats.
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The Basic Starch Market Industry Research by Application is segmented into:
• Bakery Products
• Snack Foods
• Sauces, Seasonings, Condiments & Soups
• Meals, Convenience Foods, Ready Meals
Basic starch is commonly used in a variety of food applications such as bakery products, snack foods, sauces, seasonings, condiments, soups, meals, convenience foods, and ready meals. In bakery products, basic starch helps to provide stability and structure. In snack foods, it contributes to texture and crispiness. In sauces, seasonings, and condiments, it acts as a thickening agent. In meals, convenience foods, and ready meals, it helps to enhance the overall taste and texture of the food product.
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In terms of Region, the Basic Starch Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Basic Starch market?
Emerging trends in the global basic starch market include a shift towards plant-based starches due to increasing consumer demand for healthier and sustainable options. Manufacturers are also focusing on developing innovative products such as functional starches that offer improved texture, stability, and shelf life. The rising trend of clean label products is driving the demand for organic and non-GMO starches. Additionally, the use of starch in non-food industries like pharmaceuticals, cosmetics, and packaging is expected to witness significant growth. Technological advancements in starch processing and increasing investments in research and development are also shaping the future of the market.
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Major Market Players
AVEBE is a leading player in the basic starch market, with a history dating back to 1919. The company has grown significantly over the years, becoming a key supplier of starch ingredients for various industries such as food, pharmaceuticals, and paper. It has a strong presence in Europe and has expanded its operations globally. AVEBE has a diversified product portfolio and continues to innovate to meet the changing demands of its customers. The company has experienced steady growth in its market size and reported a sales revenue of over $1 billion in the past year.
Grain Processing Corporation (GPC) is another prominent player in the basic starch market, with a history of over 75 years. The company is known for its high-quality starch products and has a strong presence in North America. GPC has a wide range of applications for its starch ingredients, including food and beverages, personal care products, and industrial uses. The company has shown consistent market growth and reported a sales revenue of over $500 million in the past year.
Roquette is a global leader in the basic starch market, with a history of over 80 years. The company has a strong focus on sustainability and innovation, offering a wide range of starch products for various industries. Roquette has a significant market share in Europe and has expanded its operations worldwide. The company has shown strong growth in its market size and reported a sales revenue of over $2 billion in the past year.
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