The Thin Boiling 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).
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According to The Business Research Company’s Thin Boiling Starch Global Market Report 2024, The thin boiling starch market size has grown steadily in recent years. It will grow from $13.74 billion in 2023 to $14.32 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to food industry evolution, consumer preference for convenience, globalization of food trade, industrialization in emerging economies, functional properties in food.
The thin boiling starch market size is expected to see steady growth in the next few years. It will grow to $16.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to health conscious consumer base, rising demand for processed foods, expanding food industry, clean label preferences, alternative to chemical additives. Major trends in the forecast period include health and nutrition focus, digital transformation in supply chain, collaborations with food industry, expansion in emerging markets.
Increasing demand from the food and beverage industry is expected to propel the growth of the thin boiling starch market going forward. The food and beverage industry are the economic sector that involves producing, processing, distributing, and selling food and drink products. It encompasses various businesses and activities, including agriculture, food manufacturing, food service, retailing, and catering. Thin boiling starches are primarily used in the food and beverage industry as versatile ingredients for thickening, stabilizing emulsions, and enhancing the texture of various food products. For instance, in April 2022, according to the reports shared by the Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales were $506 billion in 2022 and are expected to reach $857 billion by 2025. Furthermore, in September 2022, according to Statistics Sweden., a Sweden-based government agency, food and beverage sales in 2021 were $30.74 billion (SEK 334 billion), an increase of 2.9 percent, or $8.28 billion (SEK 9 billion), from 2020. Therefore, the increasing demand from the food and beverage industry is driving the growth of the thin boiling starch market.
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The thin boiling starch market covered in this report is segmented –
1) By Product: Potato Starch, Maize Starch, Wheat Starch, Other Products
2) By Form: Dry, Liquid
3) By Application: Food And Beverages, Textile, Paper And Packaging, Pharmaceuticals, Personal Care, Other Applications
Product innovations are a key trend gaining popularity in the thin boiling starch market. Major companies operating in the thin boiling starch market are focused on developing innovative products to sustain their position in the market. For instance, in March 2021, Ingredion Inc., a US-based food company, launched its ULTRA-TEX 1311 modified potato starch. It is an innovative ingredient designed to help manufacturers create indulgent textures faster and better. It is a waxy instant starch that is made from potatoes. Additionally, it has benefits, including creating indulgent textures, improving the clarity of food products, reducing cooking and processing times, and being freeze-thaw stable, used in products intended to be frozen and thawed. Moreover, Ultra-Tex 1311 is used in dairy, bakery, and confectionery to make those chewy, gooey textures, so this ingredient has the potential to revolutionize the way indulgent textures are created.
The thin boiling starch market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Cargill Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Tereos SCA
- Roquette Frères
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