2 April 2019: Starch and Starch Product Market was million US$ in 2018 and is expected to million US$ by the end of 2025, growing at a CAGR of between 2019 and 2025.This report studies the Starch and Starch Product market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global Starch and Starch Product market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The Global Starch And Starch Product Market is subject to witness a substantial growth due to increase in number of application in different vertical such as packaged foods & beverages, and pharmaceuticals sector. Growing demand for starch derivatives as a thickening agent, stabilizer, emulsifier and binder is expected to drive the growth of market over the forecast period. Increasing consumer awareness in regards to health benefits associated with starch and starch product is propelling market demand further.
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Changing food habits and growing preference towards healthy appetite, particularly among young population are likely to play critical role in robust market growth, in the recent years. Increasing adoption of starch and starch derivatives as a natural sweetener in energy drinks and non-carbonated soft drinks will increase market penetration. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the starch and starch product market.
Starch is considered as a versatile product with a variety for processed food & beverages and pharmaceuticals. Increasing adoption of starch and starch products as thickening agent, binding agent, filler and taste enhancer due to its functional properties are anticipated to boost market demand in the upcoming years. Increasing demand for starch in canned soups, instant dessert mixes, dessert puddings, processed meats, sauces, and bakery products is projected to drive market growth over the next seven years. Starch is also converted into sugar. Thus, numerous manufacturers are using starch derivatives for production of natural sweeteners and syrups.
Starch is increasingly used to feed enzymes for production of monosodium glutamate, which is a widely popular taste enhancer. Use of starch and starch products in non-food industries is on the rise as well. Starch and starch products are gaining traction in various end-user industries such as textile sector, paper & plywood sector, and adhesive industries. Pharmaceutical industry is one considered as one of the faster growing application sector in starch and starch product market. In addition. Strong economic growth and rising per capita income in developing economies across the globe are expected to favor market expansion over the forecast period.
The key players in the starch and starch product market are The Archer Daniels Midland Company, Roquette Freres Co., Cargill, Inc., Emsland Group GmbH, Ingredion, Inc., Agrana Group AG, Avebe U.A., Tate & Lyle plc, Grain Processing Co., and Global Bio-chem Technology Group Company Ltd.
Market Forecasts and Future Outlook
- Overall Market
- Market by Type
- Demand Value
- Demand Volume
- Market by Type
- Fields of Application
- Manufacturing Process
- Research Methodology
- Geographic Scope
- Regional Market Size (Status & Prospect)
- End-users & Customers
- Competitive Trends
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Starch and Starch Product Market by Geographical Regions:-
- North America
- Asia Pacific
- Middle East and Africa
- South America
The market data is given for the following product segments:
- Maize (corn) starch
- Manioc (cassava) starch
- Potato starch
- Wheat starch
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