Industrial Starch Market Size - By Source, By Function, Product, Application & Forecast, 2023

Description

List of Tables

Industrial Starch Market size is estimated to expand at 5.6% CAGR from 2023 to 2032 attributed to increasing utilization in the textile sector for various applications, such as sizing, finishing, and fabric printing. The global expansion of the pharmaceutical space is contributing to the surging demand for industrial starch in the production of tablets, capsules, and other medicinal products. This has provided potential growth opportunities to the industry players, thereby supporting the overall market growth. For instance, in June 2023, BENEO, a major developer of functional ingredients for food, feed, and pharmaceuticals, invested six million euros in extra drying capacity at its Wijgmaal plant to meet the rising demand for its specialized rice starch components.

The industrial starch industry is segmented in terms of source, function, product, application, and region.

As per source, the market size from the cassava starch segment is expected to gain significant traction through 2032. With increasing demand across diverse industries, such as food, paper, textiles, and adhesives, cassava-based industrial starch offers excellent functional properties, including binding, thickening, and stabilizing capabilities. The cost-effectiveness and eco-friendly nature of cassava-based industrial starch is also contributing to its versatile applications in various manufacturing processes.

Industrial starch market from the adhesives and glues application segment will witness robust growth between 2023 and 2032 owing to growing prominence as key ingredient in adhesive and glue formulations. On account of its natural and renewable composition coupled with cost-effectiveness, industrial starch is an attractive choice for various adhesive applications in packaging, construction, and woodworking. With the rising demand for eco-friendly and sustainable adhesive solutions, the segment is projected to record steady growth in the forecasted timeline.

Regionally, Asia Pacific industrial starch market size is expected to grow at notable CAGR through 2032. The thriving industrial sector combined with the rising emphasis on sustainable and eco-friendly solutions is contributing to the industry growth. Of late, the customer demand for starch solutions is significantly increasing in both food service and traditional packaged food and drinks.

Additionally, the rising efforts by industry players to address the escalating demand for maize and other grains on account of the spike in the price of several key ingredients driven by the Russia-Ukraine will favor the regional market growth. To cite an instance, in September 2022, Ingredion Incorporated announced the opening of its cutting-edge manufacturing plant in Shandong, China for nearly doubling its starch production capacity and capabilities in the nation.

Product Code: 6512

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Industrial starch industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Source trends
2.4 Function trends
2.5 Product trends
2.6 Application trends
2.7 Regional trends

Chapter 3 Industrial Starch Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 By source
- 3.3.2 By function
- 3.3.3 By product
- 3.3.4 By application
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
- 3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Industrial Starch Market Size and Forecast, By Source 2018 - 2032

5.1 Corn Starch
5.2 Potato Starch
5.3 Wheat Starch
5.4 Cassava Starch
5.5 Rice Starch
5.6 Others

Chapter 6 Industrial Starch Market Size and Forecast, By Function 2018 - 2032

6.1 Thickening Agent
6.2 Stabilizing Agent
6.3 Binding Agent
6.4 Gelling Agent
6.5 Film-Forming Agent
6.6 Emulsifying Agent

Chapter 7 Industrial Starch Market Size and Forecast, By Product 2018 - 2032

7.1 Native Starch
7.2 Modified Starch
7.3 Cationic Starch
7.4 Oxidized Starch
7.5 Acetylated Starch
7.6 Resistant Starch
7.7 Pre-gelatinized Starch
7.8 Others

Chapter 8 Industrial Starch Market Size and Forecast, By Application 2018 - 2032

8.1 Food and Beverage Industry
8.2 Paper Industry
8.3 Textile Industry
8.4 Pharmaceuticals
8.5 Adhesives and Glues
8.6 Cosmetics and Personal Care
8.7 Others

Chapter 9 Industrial Starch Market Size and Forecast, By Region 2018 - 2032

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Indonesia
- 9.4.7 Malaysia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Egypt

Chapter 10 Company Profiles

10.1 Cargill, Incorporated
10.2 Archer Daniels Midland Company (ADM)
10.3 Ingredion Incorporated
10.4 Tate & Lyle PLC
10.5 Roquette Frères
10.6 Avebe
10.7 Grain Processing Corporation (GPC)
10.8 Penford Corporation (Ingredion)
10.9 Agrana Stärke GmbH
10.10 Emsland Group
10.11 Universal Starch Chem Allied Ltd.
10.12 Visco Starch
10.13 Banpong Tapioca Flour Industrial Co., Ltd.
10.14 Tirupati Starch & Chemicals Ltd.
10.15 Native American Natural Foods