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 expansion observed in the historical period can be attributed to the growth of the food and beverage industry, increased demand in the pharmaceutical industry, a preference for clean label products, the expansion of the processed food industry, and the cost-effectiveness of the 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 anticipated growth in the forecast period can be attributed to the increasing demand for gluten-free products, growth in the textile industry, rising demand in the cosmetic industry, the adoption of sustainable sourcing practices, and a focus on clean label ingredients. Key trends expected in the forecast period encompass technological advancements in processing, a rise in gluten-free products, sustainable sourcing and production practices, customization and functional innovation, as well as an increasing adoption in biotechnology.

The pregelatinized starch market is poised for growth, driven by the increasing demand for the cosmetic industry. Pregelatinized starch, known for its thickening, binding, and absorption properties, finds wide application in various cosmetic products. In April 2023, the International Trade Administration reported a 10% growth in cosmetics and beauty product sales in China, reaching $88 billion in 2021. Additionally, the Canadian cosmetics industry earned approximately $1.24 billion in 2021, with an anticipated annual revenue increase of 1.45% to reach $1.8 billion by 2024. This surge in demand for the cosmetic industry is a key factor driving the growth of the pregelatinized starch market.

The expanding food and beverage industry is also expected to fuel the growth of the pregelatinized starch market. Pregelatinized starch serves as a versatile thickening and stabilizing agent in the food and beverage industry, enhancing texture and consistency in various products. Its easy dispersal in cold water makes it valuable in instant foods and gluten-free formulations. In 2023, the Food & Drink Federation reported a 31% increase in food and drink exports in the UK compared to 2021. The industry turnover reached $3.52 billion in 2022, constituting 33% of total Scottish manufacturing. This expansion in the food and beverage sector is a significant driver for the pregelatinized starch market.

A key trend in the pregelatinized starch market is product innovation, with major companies introducing novel products to maintain their market positions. For instance, in October 2022, Loryma GmbH launched Lory Starch Opal, a spray-on adhesive made from pregelatinized wheat starch. This innovative product is designed for seeds and other decorative food spices, providing a hygienic application and reducing food waste.

Major companies in the pregelatinized starch market are developing new products, such as partially pregelatinized starch. Partial pregelatinizing involves leaving some starch granules in their native state after the process. In October 2023, Roquette Frères launched LYCATAB CT-LM, a partially pregelatinized starch catering to pharmaceutical and nutraceutical applications. With low water activity and versatile functionality, LYCATAB CT-LM supports innovation in various formulations, ensuring stability and optimal patient experiences.

In February 2021, Tate & Lyle PLC, a UK-based provider of food and beverage ingredients, strengthened its portfolio by acquiring Chaodee Modified Starch Co. Ltd., a Thailand-based tapioca-modified food starch manufacturer. This strategic acquisition aims to broaden Tate & Lyle's range of tapioca-based solutions in the food and beverage industry.

Major companies operating in the pregelatinized starch market report are Cargill Incorporated, Archer Daniels Midland Company, Asahi Kasei Corporation, Ingredion Incorporated, Tereos Group, Roquette Freres SA, Agrana Beteiligungs-AG, Tate & Lyle PLC, Coöperatie Koninklijke Avebe U.A., Manildra Group, Grain Processing Corporation, BENEO GmbH, Galam Ltd., DFE Pharma, Anil Products Ltd., Emsland Group, Kartoffelmelcentralen (KMC) A.m.b.a, Western Polymer Corporation, Banpong Tapioca Flour Industrial Co Ltd., SMS Corporation Co. Ltd., Universal Starch-Chem Allied Ltd., Visco Starch, Zih Mao Enterprise Co. Ltd., Interstarch GmbH, S A Pharmachem Pvt Ltd., Colorchem Industries Limited, DezhouGaoFeng Starch Co. Ltd., Safal Biopolymers Private Limited.

North America was the largest region in the pregelatinized starch market in 2023. The regions covered in the pregelatinized starch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pregelatinized starch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The sources of pregelatinized starch include corn, wheat, potatoes, and others. Corn, commonly known as maize, represents a starchy food sold as kernels on a cob wrapped in a husk. Pregelatinized starch is available in various forms, such as flakes and powder, catering to diverse industries such as food and beverages, pharmaceuticals, chemicals, cosmetics, and other applications.

The pregelatinized starch market research report is one of a series of new reports that provides pregelatinized starch market statistics, including pregelatinized starch industry global market size, regional shares, competitors with pregelatinized starch market share, detailed pregelatinized starch market segments, market trends, and opportunities, and any further data you may need to thrive in the pregelatinized starch industry. This pregelatinized starch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The pregelatinized starch market consists of sales of pasty creams, dairy desserts, sauces, soup mixes, gravies, and cream fillings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.