[Research Report] The industrial starch market is expected to grow from US$ 67,353.01 million in 2022 to US$ 98,426.74 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.
Starch is a complex carbohydrate derived from wheat, corn, potato, tapioca, and rice. It is a great source of energy. Starch is a thickening/gelling agent and stabilizer in a wide range of food and beverages, including bakery and confectionery products, soups, sauces, frozen desserts, dairy creamers, and ready-to-drink beverages. The demand for convenience food is increasing globally due to consumers' hectic lifestyles and high per capita income. Moreover, paper-based food packaging needs a coating to prevent water or oxygen from penetrating the packaging and spoiling the foodstuff inside. Usually, this protective coating is manufactured from petroleum-based plastic. However, manufacturers are adopting bio-based and eco-friendly raw materials for paper-based food packaging coating with increasing awareness about the negative impact of petroleum-based plastic on the environment. Starch-based packaging characteristics such as biodegradability and affordability are propelling popularity among manufacturers.
In the past few years, the demand for starch in the pulp & paper industry has grown significantly with the scaled-up operations in this industry. The booming e-commerce industry in contributes significantly to the demand for corrugated paperboards. Moreover, a notable shift toward plastic-free packaging to ensure environmental sustainability is propelling the demand for sustainable packaging materials. According to research conducted by Roquette Frères, the consumption of industrial starch in corrugated board manufacturing increased by 6% in 2020 due to the significant rise of the e-commerce sector amid the COVID-19 pandemic. Thus, the surging demand for starch in the paper & paperboard industry is bolstering the industrial starch market
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Industrial Starch Market: Strategic Insights
Market Size Value in US$ 67,353.01 Million in 2022 Market Size Value by US$ 98,426.74 Million by 2028 Growth rate CAGR of 6.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Industrial Starch Market: Strategic Insights
| Market Size Value in | US$ 67,353.01 Million in 2022 |
| Market Size Value by | US$ 98,426.74 Million by 2028 |
| Growth rate | CAGR of 6.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Manufacturers around the world are benefitting from the growth of the e-commerce industry. Across the globe, various manufacturers and e-commerce channels are promoting the use of sustainable and eco-friendly packaging materials. The industrial starch market growth is expected to boost with this increasing adoption of sustainable packaging materials by the e-commerce industry. Indian e-commerce companies Myntra and Flipkart have adopted to reduce or eliminate the use of single-use plastic in their packaging materials. Moreover, government policies to reduce plastic pollution is expected to boost the demand for industrial starch.
Industrial Starch Market Forecast, by Region, 2021
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Wide Application Scope of Industrial Starch Fuels Growth of Market
The application range of industrial starches in various end-use industries has expanded in recent years. It is used as a thickening, gelling, and binding agent in a wide range of food and beverages, including bakery, soups and salad dressings, confectionery, sauces, ice creams, fruit drinks, and dairy products. Starch is also used in non-food applications such as pulp & paper, pharmaceuticals, and animal feed. In the pharmaceutical industry, starch is used as an excipient and binding agent in tablet making. Moreover, starch-based materials are a perfect solution for biodegradable food packaging materials that help to reduce environmental pollution.
Type Insights
Based on type, the industrial starch market is segmented into native starch and starch derivatives and sweeteners. In 2021, the starch derivatives and sweeteners segment dominated the market. The growing demand for food and beverages, due to the increase in disposable income levels and increasing global population, and the use of starch derivatives in the food and beverage industries is the most important growth driver for the starch derivatives segment of the industrial starch market.
Industrial Starch Market Share, by Type – during 2021 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Agrana Beteiligungs-AG; ADM; Ingredion Incorporated; Roquette Frères; Tereos Group; Cargill, Incorporated; Tate & Lyle PLC; Grain Processing Corporation; Royal Cosun; and AVEBE are among the key players operating in the industrial starch market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.
Report Spotlights
- Progressive trends in the industrial starch industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global industrial starch market from 2021 to 2028
- Estimation of the demand for industrial starch across various industries
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industrial starch industry
- Recent developments to understand the competitive market scenario and the demand for industrial starch
- Market trends and outlook coupled with factors governing the growth of the industrial starch market
- Understanding regarding the strategies that underpin commercial interest with regard to the market growth, aiding in the decision-making process
- Industrial starch market size at various nodes of market
- Detailed overview and segmentation of the market as well as its industry dynamics
- Industrial starch market size in various regions with promising growth opportunities
The "Industrial Starch Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The industrial starch market is segmented on the basis of type, source, application, and geography. Based on type, the industrial starch market is segmented into native starch and starch derivatives & sweeteners. Based on source, the market is segmented into wheat, corn, potato, cassava, and others. Based on application, the market is segmented into food & beverages, pulp & paper, animal feed, pharmaceuticals, and others. Based on geography, the is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the industrial starch market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Source, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Product innovation in industrial starches is a recent trend in the global industrial starch market. There is a strong demand for products with organic, clean-label, and plant-based ingredients in Europe owing to rising health and wellness concerns. This clean-label product provides instant viscosity, thereby enabling optimal control of rheological behavior in cake mixes, sauces, or other semiliquid formulations. It can also be used to prepare high-quality savory products, pastries, and fruit-based fillings to provide a premium look and texture.
Based on the segment type, starch derivatives and sweeteners were the fastest-growing segment in 2021. Starch derivatives and sweeteners are obtained from the further processing of native starch. Usually, native starch is converted into glucose syrup, which is processed to obtain maltodextrins, isoglucose, polyols, and dextrose
Based on the application pulp and paper segment is leading the market in 2021. As there is a high demand for starch from the papermaking industry in the region due to the rising demand for paper products from the packaging and transportation industries. The booming e-commerce industry in the region is also generating demand for corrugated paper and paperboards, thereby contributing to the industrial starch market progress
Growth in the global food and beverage industry and an increase in demand from the packaging industry are drivers of the industrial starch market. The growing population around the world is increasing the demand for the food and beverages industrial starch market. And the significant growth of e-commerce and increasing adoption of eco-friendly packaging material is expected to propel the demand for industrial starch.
The major players operating in the global industrial starch market is AGRANA Beteiligungs-AG; ADM; Ingredion Incorporated.; Roquette Frères; Tereos Group; Cargill, Incorporated Tate & Lyle PLC; Grain Processing Corporation; Royal Cosun; AVEBE.
In 2021, North America accounted for the highest growth of the global industrial starch market. Starch is used as a thickening/gelling agent and stabilizer in a wide range of food and beverages, including bakery and confectionery products, soups, sauces, frozen desserts, dairy creamers, and ready-to-drink beverages. The rising demand for convenience food owing to the hectic lifestyle and high per-capita income of consumers is driving the demand for starch in the food & beverages industry. Veganism and clean-label trends are surging rapidly across the world.
The List of Companies - Industrial Starch Market
- AGRANA Beteiligungs-AG
- ADM
- Ingredion Incorporated
- Roquette Frères
- Tereos Group
- Cargill, Incorporated.
- Tate & Lyle PLC
- Grain Processing Corporation
- Royal Cosun
- AVEBE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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