The versatile uses of native starch in numerous industries are driving the significant growth of the global market for it. Native starch is a vital component of the food and beverage, pharmaceutical, textile, and paper industries. It is derived from plants such as corn, wheat, and potatoes. It is useful in product formulation because it has properties that thicken, stabilize, and bind. Additionally, rising consumer demand for natural ingredients and clean labels drives up market growth. Native starch is steadily rising in popularity on the international market thanks to its many uses and environmentally friendly qualities.
According to Data Bridge Market Research, the Global Native Starch Market is valued at USD 1.5 billion in 2021 and is expected to reach the value of USD 2.26 billion by 2029, at a CAGR of 5.28% during the forecast period of 2022 to 2029
"Thriving food and beverage industry and westernization in food consumption habits surge market demand"
Starch is one of the most popular sources of carbohydrates and is used to make foods such as soups, custard, desserts, and sauces, according to future trends in the native starch market. This is driving the global native starch market forward, along with the booming food and beverage sector. Additionally, there is a growing need for low-calorie sweeteners because of rising health consciousness, an increase in diabetic cases, consumption of unhealthy foods, and sedentary lifestyles. In addition, there is a rising demand for native starch, particularly in developing economies, as a result of these factors: a growing middle class, a booming economy, rapid urbanization, and a growing tendency to westernize food consumption patterns.
What restraints the growth of the global native starch market?
"Competition from modified starches can impede the market growth”
Competition from modified starches poses challenges for the native starch market. Modified starches undergo physical, enzymatic, or chemical modifications to enhance their functional properties and stability, making them more desirable in certain applications. Their versatility and superior performance in terms of viscosity, texture, and stability attract industries seeking specific characteristics. As a result, native starch faces competition from modified starches in industries such as food, pharmaceuticals, and textiles, requiring native starch manufacturers to differentiate their products based on unique attributes and value propositions to maintain market share.
Segmentation: Global Native Starch Market
The global native starch market is segmented on the basis of product type, source, form, and application.
- On the basis of product type, the global native starch market is segmented into native potato starch, native waxy maize starch, native maize starch, native wheat starch, and other product types.
- On the basis of source, the global native starch market is segmented into rice, corn, wheat, cassava, potato, and others.
- On the basis of form, the global native starch market is segmented into powder, gel, and others
- On the basis of application, the global native starch market is segmented into confectionery, processed food, beverages, corrugating and paper making, pharmaceutical, textiles, personal care, and others.
Regional Insights: Asia-Pacific dominates the Global Native Starch Market
Asia-Pacific holds a significant position in the corn starch market, driven by the region's strong economic growth and evolving consumer preferences. The shift towards packaged food and beverages in Asia-Pacific has led to an increased demand for corn starch products, which are commonly used as thickeners, stabilizers, and texturizing agents in the food industry. The growing population, changing lifestyles, and increasing disposable incomes in the region contribute to the rapid growth of the corn starch market in Asia-Pacific.
North America's steady growth in the native starch market can be attributed to the presence of a large number of local players in the region. These local players contribute to a competitive market environment, fostering innovation and product development. Additionally, North America has a well-established infrastructure and a robust food processing industry, driving the demand for native starch in various applications. The combination of local players, market competitiveness, and favorable industry dynamics supports the region's consistent growth in the forecast period.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-native-starch-market
Recent Developments in Global Native Starch Market
- In 2019, At the China Commodities Expo-Global in Lagos, Nigeria, in November 2019, Henan Doing Mechanical Equipment Co., Ltd. displayed its corn processing equipment. The business unveiled new production techniques, corn-processing equipment with fresh designs, and additional product lines. With a rise in the demand for corn starch in the global market, the company is expanding its operations there.
- In 2018, ADM and Vedan International Limited collaborated to launch new tapioca starches and tapioca maltodextrin components. In order to satisfy the demand of consumers who favor plant-based starches, tapioca starches are made from corn starches. The company increased the variety of products it offered, which allowed them to attract more clients who needed plant-based starches.
The Prominent Key Players Operating in the Global Native Starch Market Include:
- Cargill Incorporated (U.S.)
- ADM (U.S.)
- Nsmfoodlimited (U.S.)
- DSM (Netherlands)
- Kerry Group plc (Ireland)
- Ingredion Incorporated (U.S.)
- Tate & Lyle (U.S.)
- Matna foods LTD (Nigeria)
- Agrana Beteiligungs-AG (Austria)
- Grain Processing Corporation (U.S.)
- Roquette Frères (France)
Above are the key players covered in the report, to know about more and exhaustive list of global native starch market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Native Starch Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
