Technavio, a leading provider of market research reports, has released its latest study on Native Starches Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
According to Technavio, the global native starches market is positioned within the broader context of the global packaged foods and meats market, which falls under the food products segment of the food, beverage, and tobacco industry. This market encompasses food processing vendors engaged in food processing to ensure food safety and prolong product shelf life. The market's size is determined by the consolidated revenue generated by these vendors, excluding manufacturers of food processing equipment. The packaged foods and meats market does not cover producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. - The Native Starches Market is experiencing significant growth, fueled by the High demand for corn starch as less expensive starch. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The market size is estimated to grow by USD 410.95 million, at a CAGR of 4.3% during the forecast period. Usage of tapioca in bioplastics | Growing research associated with native starches | Growing collaborations and acquisition
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The native starch market in the Asia Pacific (APAC) region exhibits significant growth potential, driven primarily by the burgeoning demand from key emerging economies, particularly India and China. India, with its robust agricultural sector, presents a lucrative opportunity for the global native starch industry. The Indian food processing industry is witnessing substantial growth, fueled by government initiatives such as the establishment of starch-based food parks by the Ministry of Food Processing Industries (MoFPI), creating ample opportunities for the utilization of native starch. This trend is expected to continue, contributing to the market's rapid progress during the forecast period.
The Native Starches Market is a significant sector within the Carbohydrates Starch industry, primarily derived from various plants such as Potato, Rice, Wheat, and Corn. Native starches are unaltered polysaccharides that contain long chains of Glycosidic bonds. These starches are essential sources of Carbohydrates and play a crucial role in providing longer shelf life and ease of storage to food products. The market for Native Starches is segmented based on the source of raw materials, application areas, and geography. Potato, Rice, Wheat, and Corn are the primary sources of Native Starches. The Food Products segment dominates the market due to the high demand for these starches in the production of various processed goods. The rising income levels and changing lifestyles have led to an increase in the consumption of processed foods, leading to a surge in demand for Native Starches. The Non-food Industry segment is also expected to witness significant growth due to the functional qualities of these starches in various applications. Future trends in the Native Starches Market include the use of Modified Food Starches, Organic Elements, and Chemical Additives to enhance the functionality and performance of these starches. The transportation and logistics challenges in the supply chain are expected to remain a significant barrier to market growth. In conclusion, the Native Starches Market is a dynamic and growing industry driven by the demand for Carbohydrates and the need for functional and high-performance ingredients in various applications. The market is expected to witness significant growth in the coming years, driven by the increasing demand for processed foods, changing lifestyles, and the development of new applications in the Non-food Industry.
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