Native Starches Market Analysis Competitors, Regional Outlook, Growth Opportunities, Forecast
Market Scope
What is the
Anticipated Market Value of the Native Starch Market?
Market Research Future
(MRFR) expects the native starches market to attain a moderate growth rate of 4.10%
from 2022 to 2030 (review period).
Major Boosters and
Impediments
The global market for
native starch has been performing significantly well owing to the broad
application range in food as well as non-food industries. The food industry
utilizes native starch as a texture enhancer, thickening agent, stabiliser,
moisture controller and dough binding agent.
Exploding world population coupled with the expanding middle-class
population has been favorable for the native starch industry. In view of consumers’ hectic schedules along
with the surge in disposable incomes, there is heightened preference for
convenient and instant food items. This has resulted in accelerated market
growth for native starch over the years, since it is used extensively in a lot
of processed products including salad dressings, dry mix soups, spreads,
pudding powders and processed meats, to name a few.
The global industry is
further boosted by native starch’s burgeoning applications in the textile
sector, where it is used as a colour thickener, sizing agent, and finishing
agent. Adhesive and paper industry are also rapidly emerging as prominent
application areas for native starch. With growing environment consciousness,
manufacturers as well as consumers are now increasingly utilizing potato and
corn starch in place of conventional plastics. Popularly known as organic
bioplastics, native starches are now used in the manufacturing of disposable
cutlery and plates, given their disposable and sustainable properties.
The global market is
filled with a number of local as well as international players who adopt
strategies such as expansions, partnerships, and product innovations to bolster
their standings. However, the most preferred tactic remains product innovations
among the top manufacturers.
Top Companies
Top companies active
in the global native starches market include Roquette Frères (France),
Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Cargill,
Incorporated (U.S.), Grain Processing Corporation (U.S.), Archer Daniels
Midland Company (U.S.), Agrana Beteiligungs-AG (Austria), to list a few.
These companies
frequently undertake competitive strategies like product innovations and new
launches as well as divestments to elevate their business standing, thereby
upping their competitive edge.
Segmental
Review
Source, form, and
application are the top segments analysed in the MRFR report, in a bid to present
a detailed understanding of the global native starches market revenue.
Native starches market analysis, with respect to source, has been considered
for wheat, corn, potato, cassava, and others.
Forms in which the key
product is available in the market include gel, powder, and more.
Major applications of
native starches are food & beverages as well as non-food application. The
food applications are beverages, processed food, confectionery, and others.
Non-food applications are personal care, corrugation and papermaking, textiles,
pharmaceuticals, and others, which include construction & building, mining
& drilling, chemicals, animal feed, adhesives, and more. Amplified
consumption of confectionery worldwide will ensure that the food & beverage
segment captures a higher growth rate of 3.94% between 2020 and 2027.
Pharmaceutical (non-food application) will be able to procure a growth rate of
3.15%, MRFR experts suggest.
Regional Insight
Asia Pacific/APAC,
Europe, North America, and RoW/rest of the world are the major regions
mentioned in the MRFR report, in order to extensively detail the growth
prospects of the native starches industry.
Asia Pacific is the
market leader and should continue to thrive during the analysis period, in view
of the fact that a large percentage of native starch is used in the production
of ethanol, sweeteners, textiles and paper. As a result, the escalating demand
for the mentioned products in the region is bound to create higher use of native
starches market size in the coming years. Apart from this, native starch is
also used for producing biodegradable polymers as well as plastics, which
should also foster its demand in the region over the years ahead. Currently,
Thailand accounts for the biggest native starches market share in the region,
while China stands at the second position.
North America is
another strong native starches market, given the heightened product demand in
the cosmetic industry in the region. Corn is one of the chief sources of native
starches, therefore, with the US being a leading corn producer in the world,
has procured the lead in the region. The US witnesses massive corn yield every
year, on account of favourable weather conditions that induce crop growth.
For instance:
January 2021
Ingredion EMEA has
introduced an organic functional instant native starch that can be ingredient
in certain organic products, delivering optimum quality. Known as
NOVATION9460, this organic functional instant native starch is expected to
allow the company to make its foray into the organic food & beverage
industry. It also believes that the native starch will help address almost
every stability and processing challenges generally encountered by the
manufacturers in different applications. It offers rapid viscosity and allowing
optimum control of cake batter’s rheological behavior. It also has applications
in sweet bakery including fruit and cream-based fillings.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
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