Press release
Starch Industry Is Projected To Reach US$ 2.7 Bn By 2030
Market Size and Growth
In 2020, the global industrial starch market was valued at approximately US$ 1.7 Bn and is projected to reach US$ 2.7 Bn by 2030, growing at a CAGR of 4.7% from 2020 to 2030 .
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Market Segmentation
By Service Type
• Native Starch
• Modified Starch
• Starch Derivatives & Sweeteners
By Sourcing Type
• Corn
• Wheat
• Cassava
• Potato
• Others
By Application
• Food & Beverage
• Pharmaceuticals
• Textiles
• Paper & Packaging
• Animal Feed
• Others
By Industry Vertical
• Food Processing
• Pharmaceuticals
• Textile Manufacturing
• Paper & Pulp
• Personal Care
• Industrial Applications
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Regional Analysis
Asia-Pacific
Asia-Pacific leads the global starch market, driven by rapid urbanization, population growth, and increasing demand for processed foods. Countries like China, India, and Thailand are major producers and consumers of starch, with applications spanning food, pharmaceuticals, and biodegradable plastics .
North America
North America holds a significant market share, with the United States being a major consumer. The region's focus on clean-label and organic products has spurred demand for non-GMO and sustainable starch solutions .
Europe
Europe's starch industry has faced challenges, including reduced demand post-pandemic and competition from cheaper imports. Production levels have declined, with manufacturers operating at about 70-75% capacity .
Latin America and Middle East & Africa
These regions are emerging markets for starch, with growth driven by expanding food industries and increasing applications in pharmaceuticals and textiles .
Market Drivers and Challenges
Drivers
• Changing Dietary Preferences: Rising demand for convenience and processed foods boosts starch usage in food applications .
• Sustainability Initiatives: Growing emphasis on biodegradable and eco-friendly products propels the use of starch in sustainable packaging and bioplastics .
• Technological Advancements: Innovations in starch processing enhance its functionality across various industries .
Challenges
• Raw Material Price Volatility: Dependence on agricultural commodities like corn and wheat leads to price fluctuations, impacting production costs .
• Competition from Alternatives: Availability of substitutes like xanthan gum and hydrocolloids poses challenges to starch market growth .
Market Trends
• Clean Label Products: Consumer demand for natural and minimally processed ingredients drives the market for native starches .
• Functional Starches: Development of starches with specific properties, such as improved stability and texture, caters to diverse industry needs .
• Sustainable Packaging: Use of starch in biodegradable packaging solutions aligns with global environmental goals .
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Competitive Landscape
The starch market is highly competitive, with key players including:
• Cargill
• Incorporated
• Archer Daniels Midland Company
• Ingredion Incorporated
• Tate & Lyle PLC
• Roquette Frères S. A.
• AGRANA Beteiligungs-AG
• Grain Processing Corporation
• Beneo GmbH
• MGP Ingredients, Inc.
• Thai Flour Industry Limited
• Manildra Group
• Gulshan Polyols Ltd
• Vimal PPCE
These companies focus on product innovation, strategic partnerships, and expansion to maintain market leadership. For instance, Cargill opened an Innovation Center in Gurugram, India, to develop solutions tailored to local market needs .
Future Outlook
The global starch market is poised for steady growth through 2030, driven by increasing applications in food, pharmaceuticals, and sustainable materials. Emerging markets, particularly in Asia-Pacific, offer significant opportunities due to rising consumer demand and industrial expansion. Continued innovation and adaptation to consumer trends will be crucial for market players to capitalize on growth prospects.
Key Market Study Points
• Emphasis on clean-label and sustainable starch products
• Expansion in emerging markets, notably Asia-Pacific
• Technological advancements enhancing starch applications
• Strategic initiatives by key players to strengthen market position
Recent Developments
• Cryopak's Investment: In July 2024, Cryopak expanded its Atlanta facility to include a starch manufacturing department, offering sustainable insulation substrates .
• Al Ghurair Foods' New Plant: In August 2024, Al Ghurair Foods initiated the construction of a corn starch manufacturing plant in Abu Dhabi, enhancing local food production capacities .
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