Industrial Starch Market 2024-2028: Size and Fluctuation in raw material prices; growth driven by the Application, Some of key Companies Positioned Strategically

The industrial starch market size by Application (Food and beverage, Feed, Pharmaceuticals, Cardboard and corrugating, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 23971.7 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

• In the industrial starch market, the surge in demand for biofuels, particularly bioethanol, has led to increased raw material prices, negatively impacting manufacturer profitability. Primary raw materials for starch production include potatoes, maize, corn, and wheat. Bioethanol, a major biofuel derivative, is predominantly sourced from starch-rich agricultural products such as cereals, corn, wheat, sugar beet, and cane sugar. The escalating global demand for bioethanol, driven by the need for renewable energy sources, has resulted in increased competition for these raw materials. Furthermore, unpredictable weather patterns and climatic conditions can significantly affect crop yields, leading to price volatility in the raw material market.
• The Industrial Starch Market represents a significant business sector, characterized by robust growth and innovation. Key players in this market produce and supply a diverse range of starches, derived from various sources, to cater to the expanding demands of various industries. These industries include food and beverage, pharmaceuticals, paper and textiles, among others. Market trends include the increasing use of bio-based starches and functional starches to enhance product performance and sustainability. The market is expected to continue its upward trajectory, driven by these trends and rising consumer preferences for natural and healthier food options.

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Some of the Key Companies:

• AGRANA Beteiligungs AG
• Angel Starch and Food Pvt. Ltd.
• Anora Group Plc
• Archer Daniels Midland Co.
• Beneo GmbH
• Cargill Inc.
• Chemstar Products Co.
• Emsland Starke GmbH
• Global Bio chem Technology Group Co. Ltd.
• Ingredion Inc.
• Japan Corn Starch Co. Ltd
• Kent Corp.
• Manildra Flour Mills Pty. Ltd.
• PT Budi Starch and Sweetener Tbk
• Roquette Freres SA
• Royal Avebe
• Tate and Lyle PLC
• Tereos Participations

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