Latest News - Industrial Starch Market: Food and beverage is expected to lead the Application segment during 2024-2028

The Industrial Starch Market is being driven by Increased use of industrial starch as a thickener

The Industrial Starch Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 23971.7 million. Industrial starch is derived from various raw materials, including corn, wheat, tapioca, potato, maize, rice, amaranth, and arrowroot. The quality and functional properties of industrial starch are determined by the raw material source, the ratio of amylose and amylopectin, and the level of processing. These factors influence the starch's viscosity, solubility, resistance to high temperatures, and overall texture. High-amylose and high-amylopectin starches provide a desirable smooth texture when gelatinized. Advancements in starch biosynthesis and gene isolation have facilitated the rational modification of crops to produce novel starches with enhanced functionality. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Food and beverage
  • Feed
  • Pharmaceuticals
  • Cardboard and corrugating
  • Others
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased use of industrial starch as a thickener
• High demand for corn starch
• Diverse uses of industrial starch

However, the market also witnesses some limitations, which are as follows:

• Fluctuation in raw material prices
• Increasing R and D cost
• Availability of substitutes

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Market Scope in Industrial Starch Market Research Report

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Research Analysis Overview

The Industrial Starch Market is a significant sector that utilizes native starch derived from various agricultural raw materials such as roots, tubers, and seeds of plants. These include corn, wheat, potato, cassava, and other vegetable cells. The primary function of industrial starches is to provide carbohydrates in the form of glucose and homopolysaccharides like malt dextrin. Native starches undergo various modifications to produce functional ingredients used in nutritional foods, beverages, and other industries. Modified starches are produced by chemical or enzymatic treatments, resulting in unique properties such as thickening, gelling, and stabilizing. Industrial starches are also used as binders, coatings, and fillers in various applications. They are essential in the production of modified cellulose, proteins, and gums. However, the market faces challenges such as labor shortages, natural disasters, and transportation issues that affect the supply chain. Corn, wheat, and potato starch are the major sources of industrial starches. Cassava and other tubers and roots are also used in regions where these crops are abundant. The market is expected to grow due to the increasing demand for functional ingredients and nutritional foods. However, the availability and price of agricultural raw materials remain critical factors influencing the market's growth.

Market Research Overview

The industrial and basic chemicals sector encompasses businesses primarily engaged in the production of commodity chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. This market excludes chemical companies specializing in diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, the global commodity chemicals market size is determined by the consolidated revenue generated by manufacturers in this sector. Key growth drivers include the expanding demand for plastic packaging, driven by its widespread usage and the increasing preference for lightweight, corrosion-resistant materials. Continuous innovation in the industry has led to advancements in plastic packaging materials, significantly impacting the chemicals market landscape. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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