Industrial Starches Market: Industry Development Trends, Growth, Share and Marketing Channels Are Analyzed and Forecast till 2022

The global industrial starches market is driven by the demand for convenience foods, and multiple functionalities of starch, starch derivatives & sweeteners in a diverse range of end-user industries.

The market for industrial starches is expected to register a CAGR of 6% during the forecast period (2017 to 2022).

“Paper Industry Driving the Industrial Starch Market.”

Industrial starches are largely used as adhesives in paper and packaging material manufacturing, etc. There is an increase in the demand for the adhesive in the packaging industry, which is helping its growth. The growing demand for industrial starches in the construction industry and the high demand for food additives as thickeners are also responsible for the growth of the market. Growing demand for starch is mainly due to its use in the coating of papers as one of the binders. Coated paper from starch has enhanced smoothness, whiteness, stability, and hence, improves the printing quality, which has boosted sales of industrial starches.

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“Corn Leading the Starch Market.”

By type, the market is segmented into native starch and starch derivatives & sweeteners. The market for starch derivatives & sweeteners dominated in 2016, with the largest share in terms of volume consumption. The market for native starch is projected to grow at a stable rate, owing to the maturity of its industrial applications.

By source, the industrial starch market in segmented into corn, wheat, cassava, and others. The market for corn was the largest in 2015. The production of cornstarch has increased tremendously owing to its multiple functionalities such as thickening and adhesion. It is used in food, corrugation & paper making, textiles, etc. Applications like pharmaceutical, cosmetics, and corrugation & paper making, collectively, accounted as the fastest-growing segments of the industrial starch market.

The industrial starch market, by form, was dominated by the liquid form and is also projected to be the fastest-growing segment. This is due to the wide use of sweeteners, such as maltodextrin and glucose syrups in the liquid form. Native starch is found in dry form, while starch derivatives, mainly, sweeteners are largely produced in liquid form. Modified starches are largely produced in dry form.

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“Asia-Pacific Leading at the Regional Front.”

The industrial starches market is segmented by region into North America, Europe, Asia-Pacific, South America and Africa. In Asia-Pacific, China has the major market share, followed by India. Asia-Pacific has a dominant position due to the increasing consumption of starch, its derivatives, and sweeteners. Moreover, due to fewer raw materials & production costs, as well as less rigid environment regulations, Asia-Pacific is in a better position to produce starch at more competitive prices than developed countries of Europe and North America.

Competitive Landscape

Cargill, ADM, Ingredion, Tate & Lyle, Agrana and others, collectively, occupy more than 50% of the market share. These players have majorly adopted new product launches, expansion & investment and mergers & acquisition strategies to gain larger market share, as regional/country players offer stiff competition in the domestic markets.

Our report on the global industrial starches market covers the following:

Market trends & dynamics
Latest News & developments
Porter’s five forces analysis
Investment scope
Deep-dive insights
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