Latest News:- Starch Market: Corn is expected to lead the Type segment during 2024-2028

Starch Market to grow at a CAGR of 4.49% during 2024-2028

The Starch Market is expected to grow at a CAGR of 4.49% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 18405.71 million. In the dynamic global starch market, key players are prioritizing the expansion of their distribution networks to meet the burgeoning demand for starch products from a diverse customer base. Major buyers include supermarket chains, hypermarkets, price clubs, food service establishments, and small convenience stores. For starch manufacturers, forming strategic partnerships with these customers is essential. The escalating consumer preference for various starch products has led several retail giants to stock these items, thereby expanding the market reach for vendors. Key industry participants maintain a substantial customer base, encompassing distribution channel retailers ranging from large corporations to small convenience stores, as well as institutional clients and quick-service restaurants. 

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The Corn subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Corn subsegment will lead the Type segment during 2024 and 2028 The corn starch market, segmented by type, is projected to expand substantially during the forecast period. The surge in demand for non-gluten or gluten-free products, driven by the increasing awareness of celiac disease and the consumption of grains like wheat, rye, and barley, is a significant growth factor. Corn starch, being naturally gluten-free, is witnessing a notable rise in demand. Furthermore, its high vitamin E content makes it an attractive choice for consumers in the culinary sphere. With the global consumption of bread being high, there is a growing trend toward corn starch and blended bread as consumers become more conscious of the potential health risks associated with genetically modified wheat used in bread production.

Here are the various ways based on which the market is segmented: 

• Type
  • Corn
  • Potato
  • Tapioca
  • Wheat
  • Others
• End-user
  • Retail
  • Industry (B2B)
  • Animal feed
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Starch Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish high demand for corn starch due to its cost-efficiency

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

Starch, a natural carbohydrate compound, is derived from agricultural raw materials like wheat, potato, corn, and other roots and tubers. It is a nutritional food component found in various forms, including beverages, snacks, and baked goods. The food industry utilizes starch as a thickener, binder, and sweetener. Beyond food applications, starch finds extensive use in industries such as construction engineering and paper production. Modified starches are used as binders in construction materials and as raw materials in the production of liquid starch derivatives for the paper industry. In textiles, starch is used as a size for coating fabrics. The starch market is vast and diverse, with significant demand coming from the food industry. However, the paper production industry and textiles industry also contribute significantly to the market growth. Corn is a major source of starch in industrial applications, while wheat and potato are commonly used in food applications. The market for starch is expected to grow due to its versatility and wide range of applications in various industries.

Market Research Overview

According to Technavio's market research, the global starch market is situated 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 enhance shelf life. The market size is determined by the consolidated revenue generated by the participating vendors, excluding those specializing in food processing equipment manufacturing. Notably, this market excludes producers of packaged alcoholic and non-alcoholic beverages, including mineral waters.

The Starch Market is experiencing significant growth, fueled by the high demand for corn starch due to its cost-efficiency. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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