Industrial Starch Market Size, Share, Price | Industry Report 2022

“Industrial Starch Market Size, Share, Price | Industry Report 2022” Market Research Report to It’s a Database.

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The industrial starch market is projected to reach 113.9MT by 2022 at a CAGR of 3.80% from 2016. In terms of value, the same market is projected to reach USD 106.64 billion by 2022, at a CAGR of 6.64% from 2016. The market is driven by factors such as growth in demand for convenience foods, and multiple functionalities of starch, starch derivatives & sweeteners in a diverse range of end-user industries. High R&D costs and growing gum Arabic market are the major constraints for this market.

The corn segment accounted for the largest market share in the industrial starch market, due to the large production of cornstarch globally, which is used in a diverse range of applications, owing to its multiple functionalities .It is followed by cassava, which is the fastest-growing segment. The development of both, food and non-food applications of cassava starch, has resulted in its growing demand, which is expected to grow further significantly in the next few years.

The food & beverage segment accounted for the largest share of the industrial starch market, by application, in 2015. The dominance of this application can be attributed to the growing significance of varied functionality and continued usage of starch in a diverse range of food & beverage applications.

Key players include:

• Cargill (U.S.)
• Archer Daniels Midland Company (U.S.)
• Ingredion Incorporated (U.S.)
• Tate & Lyle PLC (U.K)
• AGRANA Beteiligungs-AG (Austria)

The above-mentioned companies have collectively accounted for the largest portion of the industrial starch market in 2015. Other players also have a strong presence in this market.
These players are as follows:

• Grain Processing Company (U.S.)
• Roquette Frères (France)
• The Tereos Group (France)
• Royal Cosun (Netherlands)
• Altia Industrial Services (Finland)

The key players in the industrial starch market adopted new product launches as their key growth strategy to increase their market share and profits. New product launches accounted for the highest percentage of the total developments, followed by expansions & investments.

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Research Coverage:

The report provides a picture on the industrial starch market across different applications verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as source, application, form, type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall industrial starch market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

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This release was published on openPR.