Industrial Starch Industry Brand Statistics, Region, Business Prospects, Growth Rate, Forecast
Global Industrial Starch Market – Overview
Due to the increasing demand and wide application of
industrial starches in various end-user industries, industrial starch market size
is growing at an incremental pace of development on the global stage. Market
Research Future, a firm which specializes in market reports related to the
Food, Beverages & Nutrition sector among others, recently forecasted in its
report on Global Industrial Starch Market Research Report- Forecast to 2023
that the Industrial Starch industry will demonstrate an exceptional CAGR.
Industrial Starch is an essential ingredient both for the
food and non-food industry. For starch production, raw materials constitute
around 60 percent of the total cost incurred. Also, with the advancement
of technology, starch manufacturing units have adopted a full set of modern
technology, facilitating cost effective production. Various by products were
disposed of traditionally, but now as the manufacturers know the value of these
by product, they are now processed and used as valuable raw material in various
application. There has been huge demand of starch in production of
bio-degradable plastic. Industrial players rely on starch to produce
bio-degradable plastic as this plastic can be easily degraded by enzymatic
& chemical processes and the end product can be used as compost, and hence
used as fertilizers.
The burgeoning demand for High Fructose Corn Syrups (HFCS)
in the category of food and beverages is anticipated to be pivotal to the
rising demand for corn starch-based sweeteners in the near future. In the food
industry, starches are used as a thickener, gelling agent, or as a stabilizer
to manufacture snacks, meat products, fruit juices and other food products.
Starches as well as its derivatives are extensively used in food formulation
and the beverage industry as it is a valuable raw material to modify food texture
and consistency. With changing dietary patterns, growing consumer health
awareness and increasing demand of functional food and beverages, has
encouraged the use of industrial starches in preparation of healthy,
nutritional, and functional products. These factors supports the development of
products such as frozen, chilled, low-fat, and gluten-free foods, where starch
can be used as the main or co-ingredient.
Whereas, the non-food applications of starch include
corrugation & paper making, pharmaceutical, textile, cosmetics, animal feed
and other non-food applications. After food industry, the corrugation &
paper making industry is the largest consumer of starch. The increasing cost of
cellulose pulp has encouraged the paper producers to make a rational choice and
look at lower cost fillers. These fillers often require special modified
starches to bind them to the pulp. Along with the use of starches in the paper
and textile industries, it is also finds its application in biofuel and
bioethanol market. There is increasing interest in some starchy crops in the
production of biofuel and bioethanol production. Other non-food applications
include mining & drilling, construction & building, adhesive, and
chemical industries.
Global Industrial Starch Market - Competitive Analysis
The industrial
starch industry is competitive with major market players operating at the
global level. Most of the companies operating in this market are focusing on
expanding its operations across the geographies, augmenting its capabilities
and investing in research and development to offer products with better
functionality. With manufacturers aiming to capture a considerable share of the
market segment as early as possible, they are competing and experimenting with
various advantage points from both supply and demand side. T
Starch industry is fragmented, for instance, the Chinese
corn starch industry is highly fragmented with 14 leading corn-processing
companies accounting for about 50% of China’s total corn processing capacity.
The industry is likely to consolidate into fewer, larger companies through
mergers, acquisitions and closures of small outmoded plants. ADM’s net sales
from starches and sweeteners segment increased by 15.4% to USD 48.9 billion in
2011 from 2010 due to improved US demand from industrial starches. But the
operating profit from sweeteners and starches segment decreased from USD 320 to
USD 209 million due to increased corn/raw material prices.
The leading market players in the Global Industrial Starch
market primarily are Archer Daniels Midland Company (U.S.), Cargill,
Incorporated (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.),
Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and
Roquette Frères (France)
Browse Full Report @ https://www.marketresearchfuture.com/reports/industrial-starches-market-2060
Industry Updates
January 2017, Ingredion Incorporated launched 9 additions to
Non-GMO Project certification. The starches product line offers extensive
variety of development tolerance and stability in various applications such as
dressings, sauces, ready meals, yogurts and dairy desserts.
November 2016, Cargill invested € 35 million in order to
expand its sweeteners production unit in Europe
2015, Ingredion completed the acquisition of Penford
Corporation
2014, ADM built a sweetener and soluble-fiber manufacturing
complex at Tianjin port, China. The Chinese sweetener facility became fully
operational in 2015.
Global Industrial Starch Market – Segments
The global Industrial Starch market has been divided into
type, form, application, and region.
On The Basis Of Type: Sweeteners, Modified Starch and Native
Starch
On The Basis Of Form: Powder, Liquid, and Gel
On The Basis Of Application: Food & Beverages
(Confectionery, Processed food, Beverages, and Others) and Non-Food
(Corrugation & Paper making, Pharmaceuticals, Textile, Personal Care, and
Others)
On The Basis Of Region: North America, Europe, Asia
Pacific, and ROW.
Global Industrial Starch Market - Regional Analysis
The global industrial starches industry is segmented into
North America, Europe, APAC, and Rest of the World (RoW). Global industrial
starch market share is highly dominated by North America followed by Asia
Pacific. The expansion of production facilities in the emerging economies such
as India and China, coupled with increasing demand for the food, paper, and
textile sectors is expected to drive the growth in Asia-Pacific region. The
textile sector in China, Malaysia, and India further boost the growing domestic
consumption coupled with favorable government regulations attracting investments
and strengthening the market. European starch industry is also expected to
generate high revenue owing to the robust manufacturing base of the food
processing industry coupled with the growing demand in Germany. Also, huge
demand for modified starch-based products from the convenience and packaged
food sector would accelerate the growth of starches, thereby resulting in the
improvement of margins of the food processing industry over the past couple of
years.
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