by The global industrial starch market size is expected to increase USD 231.63 billion by 2033 from USD 117.42 billion in 2023 with a CAGR of 7.03% between 2024 and 2033.
Key Points
- The North America hemophilia treatment market size reached USD 55.19 billion in 2023 and is expected to attain around USD 110.02 billion by 2033, poised to grow at a CAGR of 7.14% between 2024 and 2033.
- North America dominated the market with the biggest revenue share of 47% in 2023.
- Asia Pacific is expected to host the fastest-growing market during the forecast period.
- By source, the corn segment has contributed more than 79% of revenue share in 2023.
- By source, the wheat starch segment is expected to grow at the fastest rate in the market over the forecast period.
- By product, in 2023, the native starch & starch derivatives segment has held a largest revenue share of 61% in 2023.
- By product, the acid-modified starch segment is expected to witness the fastest growth in the market during the forecast period.
- By application, the food & beverages segment has held a major revenue share of 57% in 2023.
- By application, the pharmaceutical segment is projected to show significant expansion in the market over the forecast period.
The industrial starch market is characterized by its widespread application across various industries, driven primarily by its functional properties such as thickening, stabilizing, and binding. Industrial starches are derived from sources like corn, wheat, potato, and cassava, and find extensive use in food and beverage production, where they serve as thickeners in sauces, soups, and desserts. Additionally, they are crucial in the paper and textile industries for their role in enhancing paper strength and providing stiffness to fabrics. The market’s growth is also propelled by the increasing demand for bioethanol, where starch serves as a feedstock. With advancements in processing technologies and rising consumer preference for natural and organic ingredients, the industrial starch market is poised for continued expansion globally.
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Industrial Starch Market Dynamics
Drivers
Industrial starches are witnessing increasing demand due to their versatile applications across various industries such as food and beverages, pharmaceuticals, textiles, and paper. In the food industry, starches are used as thickeners, stabilizers, and gelling agents, driving growth in processed and convenience foods. The pharmaceutical sector utilizes starch in tablet formulations, creating a steady demand stream. Additionally, the rise in disposable incomes and changing dietary preferences are boosting the consumption of processed foods, thereby driving the market for industrial starches.
Challenges
Despite its growth prospects, the industrial starch market faces several challenges. One significant challenge is the volatility in raw material prices, primarily driven by fluctuations in agricultural output and weather conditions. This volatility affects the cost structure of starch manufacturers and can impact profit margins. Moreover, regulatory scrutiny and compliance requirements concerning product quality, safety, and labeling pose challenges for market players. Ensuring adherence to these regulations adds complexity and costs to the manufacturing and distribution processes, affecting overall market dynamics.
Opportunities
The industrial starch market presents several opportunities for growth and innovation. One key opportunity lies in the development of novel applications for starch derivatives in industries beyond traditional sectors. For instance, advancements in biotechnology have enabled the production of bio-based starches, catering to the growing demand for sustainable and eco-friendly products. Moreover, the expanding use of starch in biodegradable packaging materials and as a substitute for synthetic polymers presents new avenues for market expansion. Additionally, strategic collaborations and mergers among industry players can foster technological advancements and market penetration, unlocking new growth opportunities in the global industrial starch market.
Industrial Starch Market Scope
| Report Coverage | Details |
| Market Size by 2033 | USD 231.63 Billion |
| Market Size in 2023 | USD 117.42 Billion |
| Market Size in 2024 | USD 125.67 Billion |
| Market Growth Rate from 2024 to 2033 | CAGR of 7.03% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | Source, Product, Application, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read Also: Hemophilia Treatment Market Size to Worth USD 52.36 Bn by 2033
Source Insights
Industrial starch is sourced primarily from several key crops, each offering distinct properties suited for different applications. Corn starch, derived from corn kernels, is one of the most widely used types due to its abundance and versatility. It serves as a crucial ingredient in various industries, including food processing, paper manufacturing, and pharmaceuticals. Potato starch, extracted from potatoes, is valued for its high viscosity and clarity, making it ideal for applications where these properties are critical, such as in food and pharmaceutical formulations. Wheat starch, obtained from wheat grains, is known for its adhesive qualities, making it essential in industries like papermaking and textiles where strong binding and sizing agents are required. Cassava starch, sourced from cassava roots, offers excellent paste clarity and freeze-thaw stability, making it a preferred choice in food and beverage applications, particularly in tropical regions where cassava is abundant.
Product Types Insights
In terms of product types, the Industrial Starch Market offers a range of options to meet diverse industrial needs. Native starch, which is extracted from plants without undergoing significant chemical modifications, finds applications primarily in food and pharmaceutical industries where natural ingredients are preferred. Modified starches, on the other hand, undergo physical, enzymatic, or chemical alterations to enhance their functional properties such as stability, viscosity, and gelatinization temperature. These modifications make them suitable for a broader range of applications, including food processing (for texture and stability), paper manufacturing (for strength and printability), and textiles (for sizing and strength enhancement). Additionally, starch-derived sweeteners like glucose syrup and maltodextrin are used extensively in the food and beverage industry as additives for sweetness, texture improvement, and shelf-life extension.
Applications Insights
The applications of industrial starch span across various industries, each leveraging its unique properties to enhance product quality and performance. In the food and beverage sector, starch serves as a crucial ingredient for thickening, stabilizing, and improving texture in a wide array of processed foods, sauces, soups, and beverages. In the paper and packaging industry, starch is employed as a binder and surface sizing agent to enhance paper strength, printability, and surface smoothness. The textile industry utilizes starch for sizing purposes, which involves coating yarns and fabrics to improve their strength, flexibility, and weaving efficiency. Moreover, in pharmaceuticals, starch acts as a binder in tablet formulations and as an excipient in drug delivery systems, owing to its inert nature and ability to control release properties.
Regional Insights
The Industrial Starch Market is experiencing significant regional variations. In North America, steady growth is driven by increasing applications in food processing and industrial sectors. Europe remains a key market, marked by innovations in biodegradable plastics and textiles. The Asia-Pacific region leads global consumption, fueled by expanding food and beverage industries in countries like China and India. Latin America shows promising growth with rising demand for ethanol production. Meanwhile, the Middle East and Africa are gradually emerging with potential in various industrial applications. Overall, global demand for industrial starch continues to diversify across regions, driven by expanding industrial applications and technological advancements.
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Industrial Starch Market Companies
- Cargill, Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Tate & Lyle PLC
- AGRANA Beteiligungs-AG
- Grain Processing Corporation
- Roquette Frères
- Tereos Group
- Royal Cosun
- Altia Industrial
- Global Bio-chem Technology Group Company Limited
- General Starch Limited
- Eiamheng
- Coöperatie Koninklijke Avebe U.A.
- Galam Group
Recent Developments
- In June 2023, Cargill announced a partnership with BASF, a global chemical company, to develop bio-based, high-performance plastics using renewable feedstocks, including starch-derived materials.
- In April 2023, Archer Daniels Midland (ADM) acquired a controlling stake in Harvest Innovations, a leading manufacturer of organic and gluten-free ingredients, expanding its portfolio of specialty starches and proteins.
- In March 2023, Ingredion Inc. invested in a new facility in China to produce clean-label starches and sweeteners, catering to the growing demand for natural and functional ingredients in the region.
- In December 2022, Cargill partnered with Renmatix, a specialist in plant-based technology, to develop innovative ingredients using cellulosic sugars derived from non-food biomass.
Segments Covered in the Report
By Source
- Corn
- Wheat
- Cassava
- Potato
- Others
By Product
- Native Starch and Starch Derivatives & Sweeteners
- Cationic Starch
- Ethylated Starch
- Oxidized Starch
- Acid Modified Starch
- Unmodified Starch
By Application
- Food & Beverage
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Beverages
- Convenience Foods
- Others
- Feed
- Pharmaceuticals
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
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