PUBLISHER: SkyQuest | PRODUCT CODE: 1701475
PUBLISHER: SkyQuest | PRODUCT CODE: 1701475
Global Industrial Starch Market size was valued at USD 110.3 billion in 2023 and is poised to grow from USD 117.8 billion in 2024 to USD 199.4 billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The global industrial starch market is witnessing robust growth, primarily driven by rising demands in the food and beverage sector, particularly in developing regions. As consumers increasingly opt for frozen, packaged, and convenience foods, the need for effective thickening, stabilizing, and gelling agents is surging, positively influencing market expansion. The United States, as the largest corn producer, benefits from abundant raw materials and a strong manufacturing sector, bolstering its market share. Emerging economies like India and China are also expanding their food industries, amplifying demand for industrial starch. Despite competition from alternative products, market players like Cargill are innovating with new offerings, creating opportunities for continuous growth. Overall, the US industrial starch market is expected to sustain a strong CAGR in the forthcoming years.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Industrial Starch market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Industrial Starch Market Segments Analysis
Global Industrial Starch Market is segmented by Source, Product, Form, Application and region. Based on Source, the market is segmented into Corn, Wheat, Cassava, Potato and Others. Based on Product, the market is segmented into Native Starch, Starch Derivatives & Sweeteners, Cationic Starch, Ethylated Starch, Oxidized Starch, Acid Modified Starch and Unmodified Starch. Based on Form, the market is segmented into Dry and Liquid. Based on Application, the market is segmented into Food & Beverage, Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Convenience Foods, Others, Feed, Pharmaceuticals and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Industrial Starch Market
The global industrial starch market is significantly influenced by the increasing demand from the food and beverage industry on a worldwide scale. As more consumers gravitate towards frozen, packaged, and convenience foods, the requirement for industrial starch as a thickening, stabilizing, gelling agent, binder, diluent, and excipient intensifies. This trend is especially noticeable in developing nations, where the rising demand for processed food items is accelerating at a fast pace. The crucial function of industrial starch in the production of these food products plays a vital role in bolstering its demand and fostering market expansion.
Restraints in the Global Industrial Starch Market
A prominent challenge facing the global industrial starch market is the increasing competition from alternative products that are utilized across different end-use sectors. Examples of these substitutes include alginates, guar gum, gum Arabic, and agar, all of which provide comparable functionalities and can hinder the market's ability to grow. Nonetheless, the ever-evolving food and beverage industry presents significant opportunities for industrial starch, as innovations and new applications continue to emerge. This dynamic environment allows for potential growth avenues, enabling industrial starch manufacturers to navigate the competitive landscape by reinforcing their product offerings and fostering collaborations for enhanced market presence.
Market Trends of the Global Industrial Starch Market
A significant market trend in the global industrial starch industry is the rising demand for clean label and natural ingredients, propelled by consumer awareness regarding product transparency and health-conscious eating habits. As more consumers seek products with recognizable and natural ingredients, there's a noticeable shift towards industrial starches sourced from corn, potato, and wheat. These alternatives are increasingly viewed as sustainable and health-friendly, compelling manufacturers to innovate and adapt their offerings. In response, companies are focusing on developing clean label industrial starch products to align with consumer preferences, encapsulating the industry's shift towards holistic, sustainable food solutions.