Industrial Starch Market size was valued at USD 97.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2020 to 2028.

The increasing use of industrial starch as a thickening, stabilising, and gelling agent, binder, diluent, and excipient is expected to drive product demand over the projection period. The expansion of the food and beverage industry is projected to be a major driver of industrial starch consumption. The product is utilised in the production of frozen, packaged, and convenience foods. The market for such food products is rapidly expanding, particularly in developing nations, which is projected to have a beneficial impact on industry growth.

The study titled ‘Global Industrial Starches Market, Size, Share, Outlook, and Growth Opportunities’ is a thorough examination of the Industrial Starches markets, companies, kinds, applications, and end-user verticals. The research study investigates Industrial Starches at the global, regional, and country levels, with analysis of several types of Industrial Starches covered. In recent years, the primary initiatives of Industrial Starches companies have been product diversification, broadening the spectrum of applications, and investments in expanding into new markets.

The study’s goal is to establish market sizes for various segments and regions in previous years and forecast values for the coming years. The report is intended to include both qualitative and quantitative characteristics of the sector in each of the regions and nations studied.

Starch, the most abundant carbohydrate contained in a plant, is a significant element in determining food product quality. Furthermore, it is a significant polymer that has been widely employed in both food and non-food applications. It is usually obtained from a natural source of polymer, which is abundant, cheap, and usually digestible and edible by an animal or any living organism. They are derived from a range of sources around the world, including barley, corn, potato, wheat, tapioca, and rice. Commercially manufactured starches are mostly derived from corn, potato, rice, tapioca, and wheat. These products have been labelled gluten free, which is ideal for those who are allergic to gluten.

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Global Industrial Starches Market: Segmentations

Global Industrial Starches Market: By Key Players
Cargill
Archer Daniels Midland
Ingredion Incorporated
Tate & Lyle
Agrana Beteiligungs
Grain Processing
Roquette Frères

Global Industrial Starches Market: By Types
Corn
Wheat
Cassava
Potato

Global Industrial Starches Market: By Applications
Food & Beverages
Non-Food

Market Dynamics:

The wide range of applications in numerous sectors drives the demand for industrial starches. Industrial starches are widely employed as adhesives in the production of paper and packaging materials, among other things. The growing demand for starch is primarily due to its use as one of the binders in paper coating. Coated paper made from starch has improved smoothness, whiteness, and stability, which enhances printing quality and hence increases industrial starch sales. The increased need for industrial starches as food additives, such as thickeners, is also driving market expansion.

Market Opportunities:

Growing advancement in production technology is projected to bring lucrative growth opportunities for the key players in the near future. Increasing need to cut down to the production costs and meet the growing demand for healthy food products and offer modified starches and native starches is fostering market growth. Increasing application of starches nano-composite in biomedical application is also projected to offer lucrative growth opportunities.

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This report answers the following key questions:

• Which sub-market will have the most impact on the market?
• What market opportunities exist for established and new players?
• What rate of market expansion is anticipated between 2023 to 2032?
• Which region would experience a high demand for goods in the years to come?
• What are the variables promoting the market’s expansion?
• How big is the market as a whole in 2022?
• What different short-term and long-term tactics have the market players adopted?