PUBLISHER: The Business Research Company | PRODUCT CODE: 1427977
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427977
Pregelatinized starch is starch that undergoes a process involving boiling, drying, and extrusion in a starch factory, rendering the starch soluble in cold water. This modified starch serves as a food additive employed in various culinary applications, including puddings, pie fillings, gelatins, and cheesecakes, where it functions as a thickening and gelling agent.
The sources of pregelatinized starch include corn, wheat, potatoes, and others. Corn, commonly known as maize, represents a starchy food sold as kernels on a cob wrapped in a husk. Pregelatinized starch is available in various forms, such as flakes and powder, catering to diverse industries such as food and beverages, pharmaceuticals, chemicals, cosmetics, and other applications.
The pregelatinized starch market research report is one of a series of new reports from The Business Research Company that provides pregelatinized starch market statistics, including pregelatinized starch industry global market size, regional shares, competitors with pregelatinized starch market share, detailed pregelatinized starch market segments, market trends, and opportunities, and any further data you may need to thrive in the pregelatinized starch industry. This pregelatinized starch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pregelatinized starch market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The expansion observed in the historical period can be attributed to the growth of the food and beverage industry, increased demand in the pharmaceutical industry, a preference for clean label products, the expansion of the processed food industry, and the cost-effectiveness of the ingredient.
The pregelatinized starch market size is expected to see steady growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period can be attributed to the increasing demand for gluten-free products, growth in the textile industry, rising demand in the cosmetic industry, the adoption of sustainable sourcing practices, and a focus on clean label ingredients. Key trends expected in the forecast period encompass technological advancements in processing, a rise in gluten-free products, sustainable sourcing and production practices, customization and functional innovation, as well as an increasing adoption in biotechnology.
The pregelatinized starch market is poised for growth, driven by the increasing demand for the cosmetic industry. Pregelatinized starch, known for its thickening, binding, and absorption properties, finds wide application in various cosmetic products. In April 2023, the International Trade Administration reported a 10% growth in cosmetics and beauty product sales in China, reaching $88 billion in 2021. Additionally, the Canadian cosmetics industry earned approximately $1.24 billion in 2021, with an anticipated annual revenue increase of 1.45% to reach $1.8 billion by 2024. This surge in demand for the cosmetic industry is a key factor driving the growth of the pregelatinized starch market.
The expanding food and beverage industry is also expected to fuel the growth of the pregelatinized starch market. Pregelatinized starch serves as a versatile thickening and stabilizing agent in the food and beverage industry, enhancing texture and consistency in various products. Its easy dispersal in cold water makes it valuable in instant foods and gluten-free formulations. In 2023, the Food & Drink Federation reported a 31% increase in food and drink exports in the UK compared to 2021. The industry turnover reached $3.52 billion in 2022, constituting 33% of total Scottish manufacturing. This expansion in the food and beverage sector is a significant driver for the pregelatinized starch market.
A key trend in the pregelatinized starch market is product innovation, with major companies introducing novel products to maintain their market positions. For instance, in October 2022, Loryma GmbH launched Lory Starch Opal, a spray-on adhesive made from pregelatinized wheat starch. This innovative product is designed for seeds and other decorative food spices, providing a hygienic application and reducing food waste.
Major companies in the pregelatinized starch market are developing new products, such as partially pregelatinized starch. Partial pregelatinizing involves leaving some starch granules in their native state after the process. In October 2023, Roquette Freres launched LYCATAB CT-LM, a partially pregelatinized starch catering to pharmaceutical and nutraceutical applications. With low water activity and versatile functionality, LYCATAB CT-LM supports innovation in various formulations, ensuring stability and optimal patient experiences.
In February 2021, Tate & Lyle PLC, a UK-based provider of food and beverage ingredients, strengthened its portfolio by acquiring Chaodee Modified Starch Co. Ltd., a Thailand-based tapioca-modified food starch manufacturer. This strategic acquisition aims to broaden Tate & Lyle's range of tapioca-based solutions in the food and beverage industry.
Major companies operating in the pregelatinized starch market report are Cargill Incorporated, Archer Daniels Midland Company, Asahi Kasei Corporation, Ingredion Incorporated, Tereos Group, Roquette Freres SA, Agrana Beteiligungs-AG, Tate & Lyle PLC, Cooperatie Koninklijke Avebe U.A., Manildra Group, Grain Processing Corporation, BENEO GmbH, Galam Ltd., DFE Pharma, Anil Products Ltd., Emsland Group, Kartoffelmelcentralen (KMC) A.m.b.a, Western Polymer Corporation, Banpong Tapioca Flour Industrial Co Ltd., SMS Corporation Co. Ltd., Universal Starch-Chem Allied Ltd., Visco Starch, Zih Mao Enterprise Co. Ltd., Interstarch GmbH, S A Pharmachem Pvt Ltd., Colorchem Industries Limited, DezhouGaoFeng Starch Co. Ltd., Safal Biopolymers Private Limited
North America was the largest region in the pregelatinized starch market in 2023. The regions covered in the pregelatinized starch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pregelatinized starch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pregelatinized starch market consists of sales of pasty creams, dairy desserts, sauces, soup mixes, gravies, and cream fillings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pregelatinized Starch Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pregelatinized starch market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pregelatinized starch ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pregelatinized starch market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.