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Growing Pharmaceutical Industry Boosts The Demand For Industrial Starch: Strengthening the Growth Trajectory of the Industrial Starch Market
Industrial Starch Market
What Is the Expected CAGR for the Industrial Starch Market Through 2025?
The market size for industrial starch has experienced substantial growth over the last few years. The market, which is expected to expand from $98.43 billion in 2024 to $106.64 billion in 2025, is set to achieve a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this growth during the historic period included the conventional use of starch in the food, paper, and textile industries, a growing worldwide population with increasing food intake, a rising demand for processed and convenience foods, an expansion in the paper and packaging industry, and the growing use of starch in the textile and pharmaceutical sectors.
What's the Projected Size of the Global Industrial Starch Market by 2029?
The market size for industrial starch is projected to experience significant expansion in the upcoming years, with an estimated growth to $147.03 billion in 2029 and a compound annual growth rate (CAGR) of 8.4%. This predicted increase during the forecast timeline is due to factors such as the implementation of starch-based biofuels and renewable resources, the broadening of starch's uses in non-food industrial applications like adhesives and textiles, the rising demand for clean labels and organic elements across different sectors, advancements in modified and speciality starches research, as well as the escalating usage of starch in pet food and animal feed. Key market trends expected during the forecast timeline include organic and clean label starch products, starch-derived adhesives and binders, resistant starch in functional foods, texture and stability enhancing modified starches, and starch-based biomaterials and polymers.
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Top Growth Drivers in the Industrial Starch Industry: What's Accelerating the Market?
The expansion of the pharmaceutical sector is forecasted to drive the industrial starch market's growth. This industry involves the uncovering, development, and production of pharmaceuticals or medications by both public and private entities. A diverse range of uses have been found for starches in this sector, including serving as an excipient, a diluent for tablets and capsules, a binder, a glidant, and a disintegrant for tablets and capsules. For example, Statistics from the Canadian government, a federal administration based in Canada, indicate that in 2022, domestic exports in the pharmaceutical trade rose to 12.79 from 10.71 the previous year, while imports increased from 26.63 in 2021 to 30.21. Thus, the surging pharmaceutical sector is anticipated to fuel the expansion of the industrial starch market.
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What Trends Will Shape the Industrial Starch Market Through 2029 and Beyond?
The rise of product innovation is a critical trend witnessing increased acceptance in the industrial starch industry. Leading companies in this sector are directing their efforts towards pioneering new product advancements to solidify their standing. For example, Tate & Lyle unveiled a novel non-GMO starch in June 2022, specifically intended for use in sauces and dressings. This product is engineered to offer stable performance and a pure taste, aligning with consumer demands for organic components.
What Are the Main Segments in the Industrial Starch Market?
The industrial starch market covered in this report is segmented -
1) By Product: Cationic Starch, Ethylated Starch, Oxidized Starch, Acid Modified Starch, Unmodified Starch
2) By Source: Corn, Wheat, Cassava, Potato, Other Sources
3) By Application: Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications
Subsegments:
1) By Cationic Starch: Cationic Modified Starch For Paper, Cationic Modified Starch For Textiles, Ethylated Starch
2) By Ethylated Starch: Ethylated Starch For Food Applications, Ethylated Starch For Industrial Applications
3) By Oxidized Starch: Oxidized Starch For Food Industry, Oxidized Starch For Non-Food Applications
4) By Acid Modified Starch: Acid Modified Starch For Food Products, Acid Modified Starch For Industrial Uses
5) By Unmodified Starch: Corn Starch, Potato Starch, Tapioca Starch
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Which Top Companies are Driving Growth in the Industrial Starch Market?
Major companies operating in the industrial starch market include Cargill Inc., Archer Daniels Midland Company, Grain Processing Corporation, Tereos S.A., Manildra Group, Everest Starch India Pvt Ltd, AGRANA Beteiligungs-AG, Ingredion Inc., Kent Nutrition Group Inc., Altia PLC, Angel Starch and Food Pvt Ltd, Japan Corn Starch Co Ltd, Karandikars Cashell Private Limited, Bangkok Starch Industrial Co Ltd, Tate & Lyle Plc, Penford Corporation., The cooperative Royal Avebe U.A., Beneo GmbH, Südstärke GmbH, Universal Starch Chem Allied Ltd., Visco Starch Pvt Ltd., SPAC Starch Products Limited, Nexeo Solutions, Penta Manufacturing Company, Roquette Freres S.A, Spectrum Chemicals & Laboratory Products, Universal Preserv-A-Chem Inc.
Which Regions Will Dominate the Industrial Starch Market Through 2029?
North America was the largest region in the industrial starch market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial starch market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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