Product Launches, Developments, Expansions & Investments, and Acquisitions & Mergers are the Key Strategies Adopted by the Key Players in the Global Starch Recovery Systems Market
The starch recovery systems market is estimated to be valued at USD 256 million in 2018 and is projected to grow at a CAGR of 5.4%, to reach USD 333 million by 2023. The growing potato processing industry and the rising demand for processed potato products have resulted in the growth of the starch recovery systems market.
The key players profiled have a strong presence in the global starch recovery systems market; they include GEA (Germany), Alfa Laval (Sweden), Andritz (Austria), NivobaHovex (Netherlands), MICROTEC ENGINEERING GROUP (Australia), Myande Group (China), Larsson Sweden (Sweden), Sino-Food Machinery (China), Flo-Mech (UK), Hiller GmbH (Germany), Flottweg (Germany), Stamex Technology (Thailand), and HAUS Centrifuge Technologies (Turkey).
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The key players adopted various growth strategies such as new product launches, expansions & investments, and acquisitions & mergers to cater to the increasing demand for starch recovery systems among the potato processing industry and to expand their businesses across regions. The companies in this market are focusing on increasing their investments in R&D activities to develop equipment with advanced technologies. The companies are also focusing on improving their geographic presence by expanding their manufacturing and sales facilities in various countries.
The companies have invested in innovations and technologies to create an increasing demand for starch recovery systems in the potato processing industry. Companies such as GEA (Germany) majorly focus on increasing their customer base in different geographies by opening new facilities, R&D centers, and sales offices. However, Alfa Laval (Sweden) is mainly focused on new product launches for expanding its product portfolio. Myande Group (China) is one of the main players in the starch recovery and processing industries; it offers customized automation and turnkey solutions. The company is proficient in providing starch processing and recovery equipment and machinery.
NivobaHovex (Netherlands) is another major privately owned company involved in machinery, production lines, individual machines, and factory solutions. The company manufactures equipment and provides turnkey solutions for the starch manufacturing and processing industries. The company focuses on organic growth and new product developments to achieve growth In January 2018, Nivoba BV (Netherlands) and Hovex (Netherlands) announced a merger. This recent merger of Nivoba BV and Hovex would strengthen the newly formed entity’s position in the starch recovery systems market.
Flottweg (Germany) is manufacturer and provider of separation technology and equipment such as decanters separators, centrifuges, belt presses, and processing systems. In June 2018, Flottweg announced its plan to invest USD 43.3 million in constructing a new production plant of about 55,000 m˛ in Vilsbiburg, Germany. In April 2017, Flottweg expanded a new unit in Vilsbiburg, Germany consisting of an R&D center, design department, Flottweg academy, and HR department. The company is focusing on expanding its manufacturing capacity to cater to the maximum number of clients and to offer more products and services.
Related Reports:
Starch Recovery Systems Market By Component (Refining sieves, Hydrocyclones and centrifuges, Vacuum filters, Screw conveyors, and Filling stations), Plant size (Large, Medium, and Small), Application, and Region - Global Forecast To 2023
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