South America Industrial Starch Market, By Type (Native Starch and Starch Derivatives and Sweeteners, Cationic Starch, Ethylated Starch, Oxidized Starch, Acid Modified Starch and Unmodified Starch) Source (Corn, Wheat, Cassava, Potato, and Other Sources), Application (Food and Beverage, Feed and Other Applications), Form (Dry Form and Liquid), Function (Stabilizing, Thickening, Film Forming Agents, Gelling Agent, Texturizing, Binding, Emulsifying, Sizing, Moisture Retention and Coating), Country (Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Industrial Starch Market
Data Bridge Market Research analyses that the global industrial starch market will project a CAGR of 4.37% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards the benefits of consuming food products rich in starch, and increasing personal disposable income by the major companies are the major factors attributable to the growth of industrial starch market.
Starch is formed by glucose units and is stored in plants as carbohydrates. Starch is a homopolysaccharide that is synthesized by the plants. Moreover, starch can be physically and chemically processed. Starch derivate and starch itself are used for their functional properties such as concentration, fat replication, and binding in various food and non-food applications.
Rising personal disposable income and growing consciousness towards maintaining good health are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies and ever-rising global population are acting as market growth determinants. Improving distribution channel, rising technological up gradations in the manufacturing technology, growing consumption of packaged food and convenience food, surging demand for bio-fuel and bio-material processing, and changing tastes and preferences of consumers will further induce growth in the market value.
However, rise in the potential of alternate sources of starch such as cassava will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials, increasing of consistency in raw material production and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. High cost associated with the research and development activities will also hamper the market growth rate.
This industrial 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 localised 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 industrial 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.
South America Industrial Starch Market Scope and Market Size
The industrial starch market is segmented on the basis of type, source, form, application and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the basis of type, the global industrial starch market is segmented into native starch and starch derivatives and sweeteners, cationic starch, ethylated starch, oxidized starch, acid modified starch and unmodified starch.
- Based on source, the global industrial starch market is segmented into corn, wheat, cassava, potato, and other sources.
- On the basis of application, the global industrial starch market is classified into food and beverage, feed and other applications. The food and beverage segment is further sub segmented into confectionery, processed foods, beverages and others. The other segment is further segmented into mining and drilling, construction and building, adhesive, and chemical.
- Based on form, the global industrial starch market is segmented into dry form and liquid.
- Based on function, the global industrial starch market is segmented into stabilizing, thickening, film forming agents, gelling agent, texturizing, binding, emulsifying, sizing, moisture retention and coating.
Industrial Starch Market Country Level Analysis
The industrial starch market is segmented on the basis of type, source, form, application and function.
The countries covered in the industrial starch market report are Brazil, Argentina and Rest of South America.
Brazil in South America region dominates the industrial starch market and will continue to flourish its trend of dominance during the forecast period owing to the rising use of starch in the developing South American markets in various applications.
The country section of the industrial starch market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Industrial Starch Market Share Analysis
The industrial 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 industrial starch market.
Some of the major players operating in the industrial starch market are Roquette Frères., Meelunie B.V., Tate & Lyle, Sudzucker Group, Molinos Juan Semino SA, ARGANA Beteiligungs-AG, ADM, Cargill, Incorporated, Tereos S.A, and Ingredion among others.
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