Native Starch Market Size, Key Players, Growth Factors and Forecast 2024-2032

Summary:

• The global native starch market size reached USD 96.2 Million Tons in 2023.
• The market is expected to reach USD 111.2 Million Tons by 2032, exhibiting a growth rate (CAGR) of 1.6% during 2024-2032.
• North America leads the market, accounting for the largest native starch market share.
• Sweeteners account for the majority of the market share in the end-use segment because native starch is widely used to produce glucose syrup and high-fructose corn syrup for the food and beverage industry.
• Corn holds the largest share in the native starch industry.
• The rising demand for plant-based and gluten-free products, as they serve as an essential ingredient in alternative food formulations, is aiding the market growth.
• Concurrently, the growing bio-plastics industry with native starch being utilized as a sustainable and biodegradable component in eco-friendly packaging solutions is supporting the market growth.

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Industry Trends and Drivers:

• Increasing demand from the food and beverage (F&B) industry:

A primary factor contributing to the growth of the Native Starch market is its high demand from the food and beverage (F&B) industry. Native starch, derived from sources like corn, potato, wheat, and cassava, is widely used as a thickening, gelling, and stabilizing agent in various food products. It is commonly used in the production of soups, sauces, dairy products, and bakery goods. With the global food industry expanding due to population growth and changing dietary preferences, the need for native starch has risen significantly. Food manufacturers prefer native starch for its ability to provide desired texture, viscosity, and shelf stability in a range of products without chemical modification, thus contributing to the market expansion.

• The growing preference for clean-label products:

Clean-label products, which are free from artificial additives and preservatives, are increasingly in demand as consumers become more health conscious and aware of food ingredients. Native starch fits into this trend as it is minimally processed and derived from natural sources without undergoing chemical alterations, making it a suitable option for clean-label formulations. Food manufacturers are reformulating their products to cater to this demand, opting for native starch as a natural ingredient that meets consumers' expectations for transparency and simplicity. This shift toward clean-label products is where consumers are increasingly scrutinizing product labels and making purchasing decisions based on ingredient lists, thereby strengthening the market growth.

• Expanding the use of native starch in industrial applications:

Native starch is finding growing utility in industries such as paper, textiles, pharmaceuticals, and cosmetics due to its biodegradable, renewable, and versatile nature. In the paper industry, native starch is used to improve paper strength, surface quality, and printability. In the textile industry, it is applied in fabric finishing and as a sizing agent to enhance fabric texture and durability. Moreover, native starch is used as an excipient in pharmaceutical formulations and as a thickening agent in cosmetic products. As industries increasingly seek sustainable and eco-friendly alternatives to synthetic materials, the demand for native starch in these sectors is growing. Its ability to replace synthetic chemicals while offering functionality and environmental benefits makes native starch a highly desirable component, thus bolstering the market demand.

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Native Starch Market Report Segmentation:

Breakup By End Use:

• Sweeteners
• Ethanol
• Food Industry
• Paper Industry
• Others

Sweeteners account for the majority of shares due to the extensive use of native starch in producing high-fructose corn syrup and glucose syrup for the food and beverage industry.

Breakup By Feedstock:

• Corn
• Wheat
• Cassava

Corn dominates the market because it is the most abundant and cost-effective source of native starch, widely used in various industrial and food applications.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America holds the leading position due to its well-established food processing industry, significant agricultural production, and strong demand for clean-label and natural ingredients.

Top Native Starch Market Leaders:

The native starch market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• Cargill, Inc.
• Ingredion, Inc.
• Archer Daniels Midland Company (ADM)
• Tate & Lyle PLC
• Roquette Frères
• Tereos SA

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This release was published on openPR.