Industrial Starch Market Size, Outlook, Growth And Forecast 2024-2033
The industrial starch global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Industrial Starch Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The industrial starch market size has grown strongly in recent years. It will grow from $90.86 billion in 2023 to $98.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to traditional use of starch in food, paper, and textile industries, global population growth and increasing food consumption, demand for convenience foods and processed food products, expansion of the paper and packaging industry, growth in textile and pharmaceutical applications of starch.
The industrial starch market size is expected to see strong growth in the next few years. It will grow to $135.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to adoption of starch-based biofuels and renewable resources, expansion of starch in non-food industrial applications (e.g., adhesives, textiles), demand for clean label and natural ingredients in various industries, research and development in modified and specialty starches, growing use of starch in pet food and animal feed formulations. Major trends in the forecast period include clean label and natural starch products, starch-based adhesives and binders, resistant starch for functional foods, modified starches for texture and stability, starch-based biomaterials and polymers.
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Scope Of Industrial Starch Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial Starch Market Overview
Market Drivers –
The rise of the pharmaceutical industry is expected to propel the growth of the industrial starch market. The pharmaceutical industry refers to the discovery, evolution, and manufacture of drugs and medications (pharmaceuticals) by public and private organizations. Starches are being used in the pharmaceutical industry for numerous reasons, such as an excipient, a tablet and capsule diluent, a tablet and capsule disintegrant, a glidant, or a binder. For instance, according to the Indian Economic Survey 2021, India’s domestic pharmaceutical market reached USD 42 billion in 2021 and is expected to reach USD 65 billion by 2024 and will further expand to reach around USD 120–130 billion by 2030. Therefore, the rising pharmaceutical sector will drive the growth of the industrial starch market.
The industrial starch market covered in this report is segmented –
1) By Product: Cationic Starch, Ethylated Starch, Oxidized Starch, Acid Modified Starch, Unmodified Starch
2) By Source: Corn, Wheat, Cassava, Potato, Other Sources
3) By Application: Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications
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Regional Insights –
North America was the largest region in the industrial starch market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial starch market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the industrial starch market include Cargill Inc., Archer Daniels Midland Company, Grain Processing Corporation, Tereos S.A., Manildra Group, Everest Starch India Pvt Ltd, AGRANA Beteiligungs-AG, Ingredion Inc., Kent Nutrition Group Inc., Altia PLC, Angel Starch and Food Pvt Ltd, Japan Corn Starch Co Ltd, Karandikars Cashell Private Limited, Bangkok Starch Industrial Co Ltd, Tate & Lyle Plc, Penford Corporation., The cooperative Royal Avebe U.A., Beneo GmbH, Südstärke GmbH, Universal Starch Chem Allied Ltd., Visco Starch Pvt Ltd., SPAC Starch Products Limited, Nexeo Solutions, Penta Manufacturing Company, Roquette Freres S.A, Spectrum Chemicals & Laboratory Products, Universal Preserv-A-Chem Inc.
Table of Contents
1. Executive Summary
2. Industrial Starch Market Report Structure
3. Industrial Starch Market Trends And Strategies
4. Industrial Starch Market – Macro Economic Scenario
5. Industrial Starch Market Size And Growth
…..
27. Industrial Starch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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