Global Food Starch Market, By Type (Native Starch, Modified Starch, Starch Derivatives), Raw Material (Maize, Wheat, Others), Application (Beverages, Baked Goods, Confectionery, Dairy Products, Meat Products, Others) – Industry Trends and Forecast to 2029.
Food Starch Market Analysis and Size
For several decades, starch has been one of the most essential food products and biomaterials, widely used in a variety of applications around the world. Although the food industry has a significant demand for starch, due to research and development, starch is increasingly being used in other industrial domains such as textile, paper, chemicals, agriculture, construction engineering, and healthcare.
Data Bridge Market Research analyses that the food starch market which was valued at USD 22.89 billion in 2021 and is expected to reach the value of USD 38.17 billion by 2029, at a CAGR of 6.60% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Food Starch Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Native Starch, Modified Starch, Starch Derivatives), Raw Material (Maize, Wheat, Others), Application (Beverages, Baked Goods, Confectionery, Dairy Products, Meat Products, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cargill Incorporated (U.S.), ADM (U.S.), Nsmfoodslimited (Australia), DSM (Netherlands), Kerry Group plc (Ireland), Ingredion (U.S.), Tate & Lyle (U.S.), Matna foods LTD (Nigeria) Agrana Beteiligungs-AG (Austria) Grain Processing Corporation (U.S.) Roquette Frères (France)
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Opportunities
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Market Definition
Food starch is a fine white powder derived from maize, wheat, tapioca, potato, waxy maize, and high amylose maize with a neutral odour and taste. It is found primarily in seeds, roots or tubers, stem pith, and fruit and is a significant energy reserve for plants. Food starch is a binder, thickener, and gelling agent with freeze-thaw stability, moisture retention, and anti-staling properties.
Global Food Starch Market Dynamics
Drivers
- Swiftly growing food and beverage industry combined with westernization in food consumption habits
Future trends in the food starch market show that starch is one of the most common carbohydrate sources used to make foods such as soups, custard, desserts, and sauces. The global food starch market is being propelled forward as well as the thriving food and beverage industry. Furthermore, due to increased health awareness, an increase in diabetic cases, unhealthy food consumption, and sedentary lifestyles, the demand for low-calorie sweeteners is increasing. Furthermore, there is an increase in demand for food starch, particularly in developing economies, due to the growing economy, rapid urbanization, an increase in the middle-class population, and the growing tendency to westernize food consumption patterns.
- Rising technological advancement and modernization
Rising technological advancement and modernization have resulted in advanced product innovations and diversification across a wide range of applications, which has a direct impact on market growth. Customers' increasing demand for confectionaries and ready-to-eat items contributes to market growth, as food starch is a key ingredient in many food products. Market growth has been driven by rising demand from the pharmaceutical and adhesive paper industries. Rising obesity rates in the region have shifted consumer preferences toward artificial thickeners, resulting in market growth.
Opportunities
Growing research and development activities for product innovation create ample market opportunities. Growing market players in the region will provide a stronghold to the food starch market growth.
Restraints
Lack of knowledge about an adequate range of starch to consume can hamper market growth. Fluctuation in raw materials as well as a scarcity of labor can challenge market growth in the near future.
This food starch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food starch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Food Starch Market
The pandemic has had an impact on every sector of the economy. During the first wave, the protein-based fat replacer market had taken a hard hit. During that time, most manufacturers experienced sluggish deals. The pandemic had compelled consumers to increase their consumption of health-promoting products. The awareness and demand for protein-based fat substitutes began to grow, and it has since become a critical result of the fat substitutes market. After the pandemic era, this market is expected to be on track.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In November 2019, Henan Doing Mechanical Equipment Co., Ltd displayed their Corn processing machines at the China Commodities Expo-Global 2019 in Lagos, Global. The company introduced new production technology, Corn processing machines with new designs, and other product offerings. The company is expanding its operations in Global as a result of increased demand for food starch market.
Global Food Starch Market Scope
The food starch market is segmented on the basis of type, raw material and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Native Starch
- Modified Starch
- Starch Derivatives
Raw material
- Maize
- Wheat
- Others
Application
- Beverages
- Baked Goods
- Confectionery
- Dairy Products
- Meat Products
- Others
Food Starch Market Regional Analysis/Insights
The food starch market is analysed and market size insights and trends are provided by country, type, raw material and application as referenced above.
The countries covered in the global food starch market are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific was the most important region in the food starch market, and it is expected to grow rapidly during the forecast period. This is due to the fact that high economic growth in Asia-Pacific countries has influenced consumer lifestyles and consumption patterns. People in this region have begun to consume more packaged food and beverages, increasing demand for corn starch products over time. However, due to the presence of a large number of local players in the region, North America is expected to grow at a consistent rate throughout the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Starch Market Share Analysis
The food starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food starch market.
Some of the major players operating in the food starch market are:
- Cargill Incorporated (U.S.)
- ADM (U.S.)
- Nsmfoodslimited (Australia)
- 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)
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