Global Starch Market: Industry Analysis and Forecast (2020-2026)
Global Starch Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 5.63% through 2020 to 2026, reaching nearly US$ 78 Bn.
The global Starch market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Starch report also provides trends by market segments, technology, and investment with a competitive landscape.
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Global Starch Market Overview:
The global starch market size was valued at USD 55.04 Billion in 2020, and it is expected to reach 78 Bn by 2026. The compound annual growth rate (CAGR) of the starch market is 5.63% during the forecasting period of 2020 to 2026.
Starch is a carbohydrate is extracted from agricultural raw materials, and it is used in day-to-day life. Starch is also used in food and non-food products also. Starches are derived from various sources that include corn. Potato, wheat, and other sources. The demand for Starch increases parallel to the rapid growth of the food industry. Starch has many benefits, and it is used in many different foods such as backing, snacks, beverages, and many more. The main use of starch is of binding purpose and makes that particular food crispy and tasty.
Global Starch Market Dynamics:
Functional properties of modified starch and their ease of incorporation in a large range of food industry: Starch powder has many new functions like it is used as a thickener, texture agent, fat replaced, and emulsifier. This makes starch is an excellent substitute for fat. Starch is also used as a thickener or as a stiffed agent in food products. Starches are used as giving thickness to the batter, and it helps as a gelatin agent in jellies, puddings, and ice creams.
Growth in demand for convenience food: Convenience food is 100% organic and real food, they don’t have any side effects on human body. Convenience food is Cost efficient for mass production and distribution. In concentrated form, Transportation of packaged food products are cheaper.
Limited sources and the high cost of natural additives: Due to its functional properties, starch is used in a range of industrial applications. But the sources where starch is extracted are very limited which contains corn, cassava, wheat, potato, rice, and others. The production of these sources totally depends on the climatic or atmospheric conditions. The production of raw material sources depends on climatic conditions. The climate hampers on the raw material sources due to this, there is a fluctuation in the price of raw material sources. In the US, corn production is large, so a large amount of raw corn is used to produce ethanol, which gives a negative impact on the food sector.
Untapped application of modified starch: starch acts as a base or the bulk production of a variety of biotechnology products vitamins, hormones, and organic acids. Potato starch wastes may also be used as raw material in souring reactions. One of the new opportunities is going on and is increasing the potential of alternative sources of starch like cassava.
The increasing cost of raw materials: Natural sources such as wheat, tapioca, corn, and rice are used as raw materials in the food and beverage industry of starch and its outgrowth. The raw material is used for the production of bio-ethanol products. The price of raw material depends on the crop plantation in which raw material is obtained.
Global Starch Market Segment Analysis:
On the basis of segment, the global starch market is segmented into main 5 types, and they are by source, types, firm, product, and application.
On the basis of source, the global starch market is segmented into subparts, and they are corn, wheat, potato, tapioca, and others. According to the MMR reports, the corn starch segment held largest market share XX% in 2019. Corn starch is a white, tasteless, odourless powder, and it is also a component of many cosmetics and oral pharmaceutical products. The global corn starch market is reached a volume of 75 million tons in 2020. It is expected to reach a volume of 93.88 million tons by 2026. Corn-starch is a popular ingredient used to thicken soups and desserts and this power is also useful for making the food crispy and tasty. Corn-starch gives high calories and carbohydrates. One cup of corn starch contains Calories: 488, Carbs: 117 grams, Protein: 0.5 grams. All these properties are included in the corn starch powder so that the demand for the corn starch market is increasing rapidly.
Global Starch Market 1
On the basis of type, the global starch market is segmented into main 2 subtypes, and are Modified and native. Modified a starch Segment expected to Reach 16.9 Million Metric Tons by 2026. The demand for the modified starch market is increases because it’s growing use of modified starch in various applications include, binding water, instability, pH stability, acidic stability and main thickness properties, and others. In the global modified starch segment, China, the US, Canada, Japan, and Europe market are expected to grow at 3.6% CAGR for this segment during the forecast period. Due to all these reasons, the demands of the modified segment are increases rapidly.
Global Starch Market 2
On the basis of application, the global starch market is segmented into sub 5 parts, and they are Food & beverage, Animal feed, Pharmaceuticals, Paper Industry, and Others. According to the MMR report, the food and beverage segment has held the largest market share xx% of the global market in 2019, owing to an increase in taste and crispiness. Many people are like to eat Manchurian, ice-cream and clustered milk in all the food corn starch is used to make that food delicious. Due to the transportation issue caused by COVID-19, it increases the demand for food, many consumers buy products that can be preserved for a long time. So that in the food and the beverage industry the demand for a starch powder market is increasing rapidly. The advantages of small industries are located near to farms, so it has helped in reducing their transportation costs and improving efficiency and reducing overheads.
Global Starch Market 3
Global Starch Market Regional Insights:
North America has the largest starch market in the world it contains XX% of the share in 2019 and is expected to reach XX% in 2026. The U.S. The market is estimated at 33.4 Million Metric Tons in 2021, While China is forecast to Reach 33.1 Million Metric Tons by 2026, raising awareness about the benefits of low-fact food. The U.S. country is one of the world’s leading producers of corn and corn starch. Canada is also the contributor in the North American market which helps for rising product demand in the food and beverage sector. Countries like China, India, South Korea, and Japan depends on the agriculture sector, and it helps for improving the economic growth on account of it being a major contributor to their Gross domestic product (GDP).
Global Starch Market 4
Asia-Pacific is the second-largest starch market in the world, and it was held xx% of the share in 2019. In Asia-Pacific demand for processed food increases because of working shift time and by changing lifestyle people are looking to eat ready-to-eat food. The Asia Pacific is also the fastest-growing market because it includes many new industrial applications and new technologies, and it is helpful for increasing the demand of the starch market.
Global Starch Market 5
The objective of the report is to present a comprehensive analysis of the global Starch market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Starch market dynamics, structure by analyzing the market segments and project the global Starch market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Starch market make the report investor’s guide.
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Global Starch Market Scope: Inquire before buying
Global Starch Market 6
Global Starch Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Starch Market Key Players
• Archer Daniels Midland Company (ADM)
• Cargill
• Ingredion
• Tate & Lyle
• Roquette Frères
• Avebe U.A
• Grain Processing Corporation
• Emsland
• AGRANA
• SMS Corporation
• Global Bio-Chem Technology Group
• SPAC Starch
• Qindao CBH Company
• Tereos
• KMC
• Beneo
• Angel Starch Food Pvt. Ltd.
• Shubham Starch Chem Pvt Ltd.
• Everest Starch India Pvt Ltd.
• Sheekharr Starch Pvt Ltd.
• Sanstar Bio-Polymers Ltd.
• Universal Biopolymers
• Sonish Starch Technology Ltd.
• Venus Starch Suppliers
• Gromotech Agrochem Pvt. Ltd.
• MGP Ingredients, Inc.
• Thai Flour Industry Limited
• Manildra Group
• Gulshan Polyols Ltd
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