Press release
Organic Starch Market to Reach USD 2.5 Billion by 2034, Supported by Clean-Label and Sustainability Trends, FMI Reports
The global organic starch industry has an estimated market valuation of USD 1,322.3 million by 2024 and is projected to grow at a CAGR of 6.5% to reach a market valuation of USD 2,491.5 million by 2034.The organic starch market is in transition, with major developments indicating changes in consumer preferences and the food industry. Organic labels are one of the most prominent trends. Consumers are growing more health-conscious, seeking clarity in food labelling, and preferring items made from natural, minimally processed ingredients. There has been a clear trend toward using organic starches, which are perceived as being healthier. Organic corn and potato starch were deemed highly suitable in most food applications - including baked products, sauces, and dressings appealing to a market that prioritizes natural ingredients.
The high starch production of corn is a significant driver of growth in the corn starch market. The growing popularity of convenience foods, expansion in the paper and textile industries, and demand for low-cost alternatives to cane sugar are all anticipated to boost the organic starch industry. These advantages stimulate manufacturers to adopt corn starch, resulting in growth in the global organic starch market.
This growing emphasis on organic labels has led many manufacturers to reformulate their products utilizing organic ingredients like starches derived from natural sources.
Key Takeaways from the Global Organic Starch Market Study:
Consumer awareness of the benefits that consuming organic food has for their well-being is driving market growth. Consumers are increasingly choosing products that do not include synthetic chemicals or GMOs (Genetically Modified Organisms).
The market is competitive, and major players including Tate & Lyle Plc, Ingredion, and Cargill Inc. are diligently seeking product development and strategic alliances to strengthen their market positions.
Organic-label companies seek to benefit from a shift in consumer preferences toward healthier options. During the forecast period, technological developments in manufacturing processes are anticipated to significantly enhance product quality and streamline operations, driving market growth.
"Growing consumer demand for organic ingredients-which are considered to be safer and more natural-has emerged from consumers' growing desire for organic products, which is being driven by a growing understanding of wellbeing and health. In addition, businesses are emphasizing sustainability standards more, and the growing trend of ecologically conscious sourcing emphasizes the significance of organic starches", says Nandini Roy Choudhury, Client Partner at Future Market Insights
Who is winning?
The competitive dynamics in the organic starch sector are fuelled by innovation, partnerships, and digitalization, with market players constantly adapting to shifting client demands. Companies are employing technology to provide value-added services with digital technologies. Such platforms enable farmers to manage the aquaculture processes in real-time, optimize the use of feeds to achieve maximum production, and realize higher productivity. This enhances client relations and broadens the competitive market by creating unique selling points.
In 2021, Archer Daniels Midland (ADM) company inaugurated its new plant-based innovation lab at its Biopolis research hub in Singapore. This new plant is equipped with cutting-edge technology and supports the development of trendy nutritious products to meet the demand from the Asia Pacific region.
Gujarat Ambuja Exports Limited (GAEL) has division-wise plant locations spread across India. Its agro division has four plants with more than 4000 TPD capacity. Its starch division has four plants with more than 3000 TPD capacity, and its cotspin division plant has more than 65000 TPD capacity. Its power division has a windmill with a capacity of 8.45 MW.
Some of these leaders of the Global Organic Starch market include Archer Daniels Midland Company, Beneo GmbH, Herba Ingredients BV, AGRANA Beteiligungs-AG, Cargill, Incorporated, OM Foods Inc. , SACCHETTO S.p.A., ORGANICWAY Food Ingredients Inc., American Key Food Products, Ingredion Incorporated, Emsland Group, A&B Ingredients, Ettlinger Corporation, Gujarat Ambuja Exports Limited (GAEL), Medikonda Nutrients, NutriPea, PURIS, Roquette Frères, BioStarch, and GluCorp, among others.
Discover the Full Details in Our Report: https://www.futuremarketinsights.com/reports/organic-starch-market
Get valuable insights into the Global Organic Starch Market:
Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Global Organic Starch Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorizes valuable insights on the Global Organic Starch Industry based on Source, Product Type, End Use and Region. As per source, the industry has been categorized into Corn, Potato, Rice, Tapioca, Wheat, Pea, Cassava, and Others. As per product type, the industry is categorized into Native, Modified, Thinned, and Pre-gelatinized. As per end use, the industry is categorized into Food Industry (Bakery, Dairy & Desserts, Soups, Sauces, & Dressings, Processed Meat, Processed Seafood, Meat Alternative, Savory & Snacks, Confectionery, Pet Food, Others), Paper Industry, Textile Industry, Chemical Industry, Pharmaceutical Industry). The study consists of the following regions- North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and Middle East & Africa.
Key Segments of the Report
By Source:
As per source, the market has been categorized into Corn, Potato, Rice, Tapioca, Wheat, Pea, Cassava, and Others.
By Product Type:
As per product type, the industry has been categorized Native, Modified, Thinned, and Pre-gelatinized.
By End Use:
This segment is further categorized into Food Industry (Bakery, Dairy & Desserts, Soups, Sauces, & Dressings, Processed Meat, Processed Seafood, Meat Alternative, Savory & Snacks, Confectionery, Pet Food, Others), Paper Industry, Textile Industry, Chemical Industry, Pharmaceutical Industry.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Central Asia, Russia & Belarus, Balkan & Baltics, and the Middle East & Africa.
About the Food & Beverage Division at Future Market Insights:
Expert analysis, actionable insights, and strategic recommendations - the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 billion+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Check More details: https://www.fmiblog.com/2024/11/11/organic-starch-market-to-reach-usd-2-5-billion-by-2034-driven-by-clean-label-and-sustainability-trends-future-market-insights/
Contact Us:
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T: +1-347-918-3531
Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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