HOME › Press Releases › Industrial Starch Market worth 106.64 Billion USD by 2022
Industrial Starch Market worth 106.64 Billion USD by 2022
The report "Industrial Starch Market by Type (Native, Starch Derivatives & Sweeteners), Source (Corn, Wheat, Cassava, Potato), Application (Food, Feed, Paper Making & Corrugation, Pharmaceutical), Form (Dry, Liquid), and Region - Global Forecast to 2022", The industrial starch market is projected to reach 113.9 MT, by volume at a CAGR of 3.80% from 2016 to 2022 and USD 106.64 Billion in terms of value by 2022, at a CAGR of 6.64% from 2016. The market is driven by growth in demand for convenience foods, and multiple functionalities of starch, starch derivatives & sweeteners in a diverse range of end-user industries.
Browse 128 market data tables and 85 figures spread through 188 pages and in-depth TOC on “Industrial Starch Market by Type (Native, Starch Derivatives & Sweeteners), Source (Corn, Wheat, Cassava, Potato), Application (Food, Feed, Paper Making & Corrugation, Pharmaceutical), Form (Dry, Liquid), and Region - Global Forecast to 2022”
Early buyers will receive 10% customization on reports.
The corn segment accounted for the largest share in the industrial starch market for nutrient in 2015
The market for corn, among other sources, was the largest in 2015. The large production of cornstarch globally, which is used in a diverse range of applications such as food, corrugation & paper making, and textiles, owing to its multiple functionalities such as thickening and adhesion among others is driving this market.
Applications such as pharmaceutical, cosmetics, and corrugation & paper making are projected to be the fastest-growing segment by 2022
The other applications such as pharmaceutical, cosmetics, and corrugation & paper making, collectively, accounted for the fastest-growing segment of the industrial starch market, by application, in 2015. The growth in this segment is attributed to the usage of starch, its derivatives, and sweeteners in a wide range of industrial applications based on the need for specific functionality and property among final products.
The liquid form segment is projected to grow at the highest CAGR by 2022
The industrial starch market, by form, was dominated by the liquid form and is also projected to be the fastest-growing segment. This is attributed to the wide use of sweeteners such as maltodextrin and glucose syrups in the liquid form in a range of food & beverage, pharmaceutical, and personal care applications due to their functionalities such as thickening, bulking, and stabilizing.
Asia-Pacific is the fastest-growing region in the industrial starch market
The industrial starch market in the Asia-Pacific region is driven by the increasing consumption of starch, its derivatives, and sweeteners in China and India. The consumption of starch in China accounts for nearly half of the region’s starch consumption. Countries such as China, India, and Thailand are in a better position to produce starch at more competitive prices than developed countries of Europe and North America, due to the lower raw materials & production costs as well as less stringent environment regulations.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill (U.S), Archer Daniels Midland Company (U.S), Ingredion Incorporated (U.S), Tate & Lyle PLC (U.K.), and AGRANA Beteiligungs-AG (Austria). Other players that are active in the industry are Grain Processing Company (U.S.), Roquette Frères (France), The Tereos Group (France), Royal Cosun (Netherlands), and Altia Industrial Services (Finland).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India