Categories: Food & Beverages

Pregelatinized Starch Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Pregelatinized Starch Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Pregelatinized Starch Market:

https://www.thebusinessresearchcompany.com/report/pregelatinized-starch-global-market-report

According to The Business Research Company’s Pregelatinized Starch Global Market Report 2024, 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 growth in the historic period can be attributed to food and beverage industry growth, demand in pharmaceutical industry, preference for clean label products, expansion of processed food industry, cost-effective 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 growth in the forecast period can be attributed to increasing demand in gluten-free products, growth in textile industry, rising demand in cosmetic industry, sustainable sourcing practices, focus on clean label ingredients. Major trends in the forecast period include technological advancements in processing, rise in gluten-free products, sustainable sourcing and production, customization and functional innovation, increasing adoption in biotechnology.

The growing demand for the cosmetic industry is expected to propel the growth of the pregelatinized starch market going forward. The cosmetic industry is the field that develops, promotes, and markets products meant to improve or alter one’s appearance. Pregelatinized starch is utilized in various cosmetic products due to its thickening, binding, and absorption properties. For instance, in April 2023, according to the International Trade Administration, a US-based government agency in China, cosmetics and beauty products sales grew by 10% in 2020 to $88 billion in 2021. Furthermore, in July 2022, according to the International Trade Administration, a US-based government agency, the Canadian cosmetics industry earned about $1.24 billion in 2021. Further, by 2024, industry revenue is anticipated to increase by 1.45% annually to reach $1.8 billion. Therefore, the growing demand for the cosmetic industry is driving the growth of the pregelatinized starch market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=12125&type=smp

The pregelatinized starch market covered in this report is segmented –

1) By Source: Corn, Wheat, Potato, Other Sources

2) By Form: Flake, Powder

3) By Application: Food And Beverage Industry, Pharmaceutical Industry, Chemical Industry, Cosmetics Industry, Other Applications

Product innovations are a key trend gaining popularity in the pregelatinized starch market. Major companies operating in the home pregelatinized starch market are adopting innovative products to sustain their position in the market. For instance, in October 2022, Loryma GmbH, a Germany-based food manufacturing company, launched Lory Starch Opal. This spray-on adhesive is for seeds and other decorative food spices. It is created from pregelatinized wheat starch with an emphasis on solubility to ease its ability to be sprayed on, which helps to reduce food waste. As the dough is not directly touched by the traditional ways of employing brushes or immersion baths, the spray design allows for a hygienic application.

The pregelatinized starch market report table of contents includes: