Thin Boiling Starch Market Size, Industry Trends, Analysis, Report 2024 To 2033

The thin boiling starch market size has grown steadily in recent years. It will grow from $13.74 billion in 2023 to $14.32 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to food industry evolution, consumer preference for convenience, globalization of food trade, industrialization in emerging economies, functional properties in food.

The thin boiling starch market size is expected to see steady growth in the next few years. It will grow to $16.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to health conscious consumer base, rising demand for processed foods, expanding food industry, clean label preferences, alternative to chemical additives. Major trends in the forecast period include health and nutrition focus, digital transformation in supply chain, collaborations with food industry, expansion in emerging markets.

Market Overview -
Thin boiling starch is a type of starch that can thicken liquids and form a smooth consistency when cooked in hot water because it quickly dissolves and thickens without forming lumps or becoming too thick and gelatinous. These are often used in cooking and food preparation to achieve desired textures and consistencies in sauces, soups, desserts, and other culinary applications.

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Rising Food And Beverage Industry To Drive Market Growth
Increasing demand from the food and beverage industry is expected to propel the growth of the thin boiling starch market going forward. The food and beverage industry are the economic sector that involves producing, processing, distributing, and selling food and drink products. 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. For instance, in April 2022, according to the reports shared by the Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales were $506 billion in 2022 and are expected to reach $857 billion by 2025. Furthermore, in September 2022, according to Statistics Sweden., a Sweden-based government agency, food and beverage sales in 2021 were $30.74 billion (SEK 334 billion), an increase of 2.9 percent, or $8.28 billion (SEK 9 billion), from 2020. Therefore, the increasing demand from the food and beverage industry is driving the growth of the thin boiling starch market.

Competitive Landscape -
Major companies operating in the thin boiling starch market report are Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tereos SCA, Roquette Frères, Tate And Lyle plc, Agrana Group, Colorcon Inc., Avebe U.A., Grain Processing Corporation, SMS Corporation Co. Ltd., Beneo GmbH, Spac Starch Products (India) Ltd., Emsland Group, Banpong Tapioca Flour Industrial Co. Ltd., Crest Cellulose Pvt Ltd., Gromotech Agrochem Pvt. Ltd., Qingdao Cbh Co. Ltd., Sanstar Bio-Polymers Ltd., Shubham Starch Chem Pvt. Ltd., Sonish Starch Technology Co. Ltd., Angel Starch And Food Pvt. Ltd., Everest Starch (India) Pvt. Ltd., S A Pharmachem Private Limited, Sheekharr Starch Pvt. Ltd., Universal Biopolymers.

Product Innovations Transforming The Thin Boiling Starch Market
Product innovations are a key trend gaining popularity in the thin boiling starch market. 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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Key Segments -

The thin boiling starch market covered in this report is segmented -

1) By Product: Potato Starch, Maize Starch, Wheat Starch, Other Products
2) By Form: Dry, Liquid
3) By Application: Food And Beverages, Textile, Paper And Packaging, Pharmaceuticals, Personal Care, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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