Starch Trends and Forecast
The future of the global starch market looks promising with opportunities in the modified and native markets. The global starch market is expected to reach an estimated $17.9 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing demand for starch in the food and beverage industry and growing usage of starch in industrial applications.
• Lucintel forecasts that, within the source category, corn will remain the largest segment over the forecast period because it is used as major ingredient in thicken soup and desserts so as to make food crispy and tasty.
• Within the type category, modified will remain a larger segment due to growing usage of modified starch in food and beverage.
• In terms of regions, APAC will remain the largest region over the forecast period due to increasing population and growing disposable income in the region.
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Emerging Trends in the Starch Market
The starch market is dynamic since it is undergoing new developments, which include the introduction of new technologies and changes in consumer preferences.
• Sustainable sourcing: There is a current trend toward sustainability where companies are adopting greener production methods as well as renewable resources to comply with regulations and consumer expectations.
• Functional starches: Starch modification is rapidly enabling the construction of additional kinds of functional starches that better serve for texture, stability, and shelf life of foods and other industrial uses.
• Biodegradable starches: Due to increasing awareness of the impact of global warming, corporations are turning to starch-based materials, with special emphasis on packaging materials that can be disposed of without harming the environment.
• Health-oriented products: The trend toward the consumption of more health-oriented starches, including resistant starches, which have a lower glycemic index and provide health benefits such as better gut health, is on the rise.
• Technological advancements: New extraction and processing technologies for starch processing and production are enhancing productivity and reducing costs, thereby making specialized starches with additional functionalities for diverse applications possible.
All trends discussed above are working toward one goal of increasing the starch market in terms of sustainability, functionality, and health benefits, which change how the market operates and how consumables are used.
Recent Developments in the Starch Market
Recent developments in the starch market show the development of technology, sustainability, and application range for clarity functional products rather than packaging.
• Manufacturing and process operations: The starch industry is undergoing positive changes with more technologies coming into play, for example, better extraction and processing techniques, which increase product value and utilization.
• Sustainability initiatives: Attention is shifting toward sustainable measures, hence the adoption of alternative resources and green production methods due to the pressure of environmental regulations each year.
• Increased functional applications of starches: It is noteworthy that starches are finding applications in areas other than the food industry, including medicines, biodegradable plastics, and fibers due to their functional properties.
• Growth in emerging markets: Emerging markets, especially in Asia, are becoming the center for speedy development of starch consumption in light of escalating industrialization and increased disposable income.
• Consumer demand for clean labels: There is an emerging demand for clean label products, resulting in an increasing market for non-GMO and organic starches in the food and beverages industry.
All these developments profoundly impact the starch market by fostering innovation, sustainability, and growth in different sectors.
Strategic Growth Opportunities for Starch Market
The starch market has several strategic growth prospects spread across different application areas owing to changes in consumer tastes and preferences and the use of technology.
• Food and beverage: There is more room for growth in food and beverages as there is an increasing preference for natural and functional starchy products with the ability to improve the texture and stability of products.
• Environmentally friendly packaging: There is an increasing focus on environmental issues, which opens the market for more biodegradable packaging, making it possible to substitute conventional materials with starches.
• Pharmaceuticals: Starches are increasingly adopted in the pharmaceutical sector as excipients and binders because the formulations need to become more efficient and flexible.
• Textiles: Sizing and finishing applications in textiles have seen increased consumption of starches, which presents an opportunity for industry growth.
• Industrial applications: The application of starches in industries is gaining interest, mainly because of their adhesive and coating properties and cost-effectiveness.
These opportunities are defining the starch market due to the broadening of its applications and improvement in product development.
Starch Market Driver and Challenges
The starch market has different factors and challenges affecting it, which include technology, economic issues, regulatory concerns, and others.
The factors responsible for driving the starch market include:
• Technological advancements: New technologies in starch extraction and other processing methods are improving the quality and efficiency of products created, leading to growth in the market and extending the areas of application.
• Rising demand for functional ingredients: The intake of functional foods and clean label products by consumers is leading to market growth in specialty starches with superior properties.
• Sustainability trends: There is a heightened focus on environmental sustainability, leading to the adoption of green technology and the use of biodegradable starch-based materials in production processes.
• Economic growth in emerging markets: Industrial growth and increasing per capita income in emerging markets are also leading to increased consumption of starch and expanding the market.
• Health consciousness: A shift in the healthcare system toward more wellness is evident, and an increase in demand for starches with health benefits, like resistant starches, is expected.
Challenges in the starch market are:
• Raw material costs: There are constant changes in the prices of raw materials, for example, corn and potatoes, which may affect the prices and production of starches.
• Regulatory compliance: Global starch manufacturers must contend with complex regulatory frameworks and varying standards, creating a burden on them.
• Market competition: There is fierce rivalry within the starch market as several competitors work against one another, with potential entrants and substitute ingredients also diluting sales and profits.
Overall, these drivers and challenges are shaping the starch market by influencing production practices, consumer preferences, and market dynamics.
List of Starch Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies starch companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the starch companies profiled in this report include-
• Ingredion
• Cargill
• Adm
• Tate & Lyle
• Roquette
• Avebe
• Henan Starch Holdings
• China Starch Holdings
• Cristal Global
• Agrana Beteiligungs
Starch by Segment
The study includes a forecast for the global starch by source, type, application, and region.
Starch Market by Source [Analysis by Value from 2018 to 2030]:
• Corn
• Wheat
• Potato
• Tapioca
• Others
Starch Market by Type [Analysis by Value from 2018 to 2030]:
• Modified
• Native
Starch Market by Application [Analysis by Value from 2018 to 2030]:
• Food Industry
• Industrial
• Pharmaceuticals
Starch Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Starch Market
Recent trends in the global starch market demonstrate that healthcare-enhanced changes in technology and consumer preferences have resulted in demand for functional and sustainable ingredients.
• United States: The special traits and willingness to pay for premium products in the US starch market are further fueling growth as more people tilt toward ordering clean-label and organic food, stimulating the creation of non-GMO starches and environmentally friendly production methods.
• China: The Chinese starch industry is growing rapidly, supported by the development of extraction technologies and wider applications of starch in food, pharmaceuticals, and biodegradable plastics.
• Germany: Germany pursues the objective of producing functional starches suitable for food and automotive applications, along with an increasing amount of R&D investments aimed at starch modification and sustainable starch use.
• India: India has also witnessed rapid growth in its starch market in recent years, driven by growing applications for starch in processed foods and beverages. These applications are supported by government policies to enhance local production and minimize dependence on foreign suppliers.
• Japan: In Japan, a radical shift is happening where more starches are being introduced to the market from sweet potatoes as opposed to the prevailing major natural sources of starchy tubers, due to consumers shifting toward healthier and more sustainable alternatives.
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FAQ
Q1. What is the starch market size?
Answer: The global starch market is expected to reach an estimated $17.9 billion by 2030.
Q2. What is the growth forecast for starch market?
Answer: The global starch market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the starch market?
Answer: The major drivers for this market are increasing demand for starch in the food and beverage industry and growing usage of starch in industrial applications.
Q4. What are the major segments for starch market?
Answer: The future of the starch market looks promising with opportunities in the modified and native markets.
Q5. Who are the key starch market companies?
Answer: Some of the key starch companies are as follows:
• Ingredion
• Cargill
• Adm
• Tate & Lyle
• Roquette
• Avebe
• Henan Starch Holdings
• China Starch Holdings
• Cristal Global
• Agrana Beteiligungs
Q6. Which starch market segment will be the largest in future?
Answer: Lucintel forecasts that corn will remain the largest segment over the forecast period because it is used as major ingredient in thicken soup and desserts so as to make food crispy and tasty.
Q7. In starch market, which region is expected to be the largest in next 5 years?
Answer: • In terms of regions, APAC will remain the largest region over the forecast period due to increasing population and growing disposable income in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the starch market by source (corn, wheat, potato, tapioca, and others), type (modified and native), application (food industry, industrial, and pharmaceuticals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Starch Market, Starch Market Size, Starch Market Growth, Starch Market Analysis, Starch Market Report, Starch Market Share, Starch Market Trends, Starch Market Forecast, Starch Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.