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Starch - Global Market Trajectory & Analytics

  • ID: 2832332
  • Report
  • February 2022
  • Region: Global
  • 548 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AGRANA Beteiligungs-AG
  • Avebe Group
  • BENEO GmbH
  • Cargill, Inc.
  • Chemstar Products Company
  • Ingredion, Inc.

Global Starch Market to Reach 160.3 Million Metric Tons by 2026


Starch is one of the most widely available carbohydrates in the nature. The growing use of starch in food and beverage processing industry and the increasing consumption in non-food industries is fueling growth in the global market. Rapid growth of the food processing industry and increasing demand for starch-based adhesives in industrial products including packaging are driving growth in the starch market. In the food processing industry, starch demand continues to show strong growth due to the fact that most types of sugars used in various food processing activities are derived from starch. Sweeteners, which are used as sugar replacements, in particular are reporting fast gains. This trend is more pronounced in China where isoglucose is gaining the attention of soft drinks producers and agrifood groups. Rising demand for convenience and healthy foods from consumers continues to spur use of modified starch in the food industry. The increasing use of starch to synthesize biodegradable polymers has the potential to transform market prospects.

Amid the COVID-19 crisis, the global market for Starch estimated at 119.6 Million Metric Tons in the year 2020, is projected to reach a revised size of 160.3 Million Metric Tons by 2026, growing at a CAGR of 5% over the analysis period. Liquid Starch, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach 97.6 Million Metric Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Native Dry Starch segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 26.9% share of the global Starch market. Liquid starch products are starch derivatives in syrup form, which are mostly used as substitutes for sugar. These starch products include ethanol, isoglucose, and other syrup-based products.

The U.S. Market is Estimated at 33.4 Million Metric Tons in 2021, While China is Forecast to Reach 33.1 Million Metric Tons by 2026


The Starch market in the U.S. is estimated at 33.4 Million Metric Tons in the year 2021. The country currently accounts for a 27% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 33.1 Million Metric Tons in the year 2026 trailing a CAGR of 8.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach 35.7 Million Metric Tons by the end of the analysis period. Demand for starch in Asia-Pacific countries stems from both non-food and food sectors. Strong economic growth, increasing employment opportunities and rising per-capita disposable incomes, particularly in China and India, are contributing to the robust growth in demand for food and non-food ingredients including starch. Developing economies such as China, India, Russia, Brazil and Africa are also creating a strong case for starch, particularly in paper mills, packaging and certain food applications. In North America, demand for starch types such as corn starch is primarily driven by the growing use of gluten-free ingredients by the food & beverage industry, given the rising incidence of gluten intolerance and celiac disease in the country.

Modified Dry Starch Segment to Reach 17.7 Million Metric Tons by 2026


Demand for modified starch stems from non-food, food and industrial sectors. Key properties favoring adoption of modified starch in these applications include binding water, flocculation, adhesiveness, pH stability, acidic stability, thickening properties, shear stability and film-forming properties of modified starch among others. In the global Modified Dry Starch segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 10.7 Million Metric Tons in the year 2020 will reach a projected size of 13.7 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 2.3 Million Metric Tons by the year 2026, while Latin America will expand at a 4.1% CAGR through the analysis period.

Select Competitors (Total 143 Featured) -

  • AGRANA Beteiligungs-AG
  • Archer Daniels Midland Company (ADM)
  • Avebe Group
  • BENEO GmbH
  • Cargill, Inc.
  • Chemstar Products Company
  • Global Bio-Chem Technology Group Co., Ltd.
  • Grain Processing Corporation
  • Ingredion, Inc.
  • PT Budi Starch & Sweetener Tbk
  • Tereos Starch & Sweeteners SAS
  • Tate & Lyle PLC (UK)
  • The Emsland Group (Germany)
  • Zhucheng Xingmao Corn Developing Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AGRANA Beteiligungs-AG
  • Avebe Group
  • BENEO GmbH
  • Cargill, Inc.
  • Chemstar Products Company
  • Ingredion, Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Starch: Integral Ingredient in Food and Non-Food Applications
  • Outlook
  • Developing Economies Continue to Fuel Starch Demand
  • Rising Health Awareness Generates Demand for Starch Products
  • Production Scenario
  • Global Starch Production Breakdown in % by Country/Region
  • World Trade in Starch & Inulin: A Brief Overview
  • World Starches & Inulin Market (2018): Percentage Breakdown of Export Value by Leading Exporting Countries
  • World Starches & Inulin Market (2018): Percentage Breakdown of Import Value by Leading Importing Countries
  • Competition
  • An Intensely Competitive Marketplace
  • Recent Market Activity
  • Starch - Global Key Competitors Percentage Market Share in 2022 (E)

2. FOCUS ON SELECT PLAYERS

  • AGRANA Beteiligungs-AG (Austria)
  • Archer Daniels Midland Company (USA)
  • AVEBE (The Netherlands)
  • BENEO GmbH (Germany)
  • Cargill, Inc. (USA)
  • Chemstar Products Company (USA)
  • Global Bio-Chem Technology Group Company Limited (China)
  • Grain Processing Corporation (USA)
  • Ingredion Incorporated (USA)
  • PT. Budi Starch & Sweetener Tbk (Indonesia)
  • Roquette Frères (France)
  • Tereos Starch & Sweeteners s.a.s. (France)
  • Tate & Lyle PLC (UK)
  • The Emsland Group (Germany)
  • Zhucheng Xingmao Corn Developing Co., Ltd. (China)

3. MARKET TRENDS & DRIVERS

  • Clean Label Starches Bodes Well for Functional Native Starches
  • Food Industry: Dominant Market for Starch
  • Use of Starch as a Fat Replacer Drives Growth
  • Resistant Starch Comes into Focus
  • Starch Blended Biodegradable Polymers: Expanding Applications Fuel Growth
  • Starch-based Bioplastics Market (2019): Percentage Breakdown of Revenues by Technology
  • Starch-based Biodegradable Polymers Gain Momentum
  • Major Suppliers of Starch-Based Biodegradable Polymers
  • Starch in “Green” Products
  • Environmental Issues Widen the Use of Starch in Detergents and Textiles
  • Extended Applications Drive Market Gains
  • Focus Grows on Innovations
  • Native Starch Market Gains Growth
  • Modified Starch Market: Food & Beverage Industry Fuels Growth
  • Food & Beverage Leads the Global Modified Starch Market
  • Major Markets for Modified Starch Market
  • Modified Starch Market Receives Boost with Biotechnology
  • Modified Starches Bring Higher Quality to Paper Industry
  • Tropical Starch: A Review
  • Corn Starch: Market Growth Prospects
  • Cassava Starch: A Leading Tropical Starch Type
  • Wheat Starch: Rising Needs of Food Industry Bode Well for the Market
  • Potato Starch: Food Industry Spurs Opportunities
  • Global Potato Starch Market by Region (2019): Percentage Breakdown of Production Output
  • New Applications Emerge for Rice Starch in Pharmaceutical & Cosmetics Industry
  • Product Overview
  • Definition of Starch
  • Types of Starch
  • Dry Starches
  • Native Starch
  • Modified Starch/Specialty Starch
  • Other Dry Starches
  • Liquid Starch Products
  • Sources of Starch
  • Maize (Corn)
  • Cassava
  • Wheat Starch
  • Potato Starch
  • Arrowroot
  • Canna edulis
  • White Corn Starch
  • Yellow Corn
  • Malanga Starch
  • Pearl Tapioca
  • Rice Starch
  • Sago Starch
  • Sorghum Starch
  • Sweet Potato Starch
  • Taro
  • Yam Starch
  • End-Use Profile
  • A Boon to Non-Food Sector

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Starch Derivatives Market in the US
  • Modified Starch Market: Food & Beverage Represents the Leading Application Segment
  • Modified Starch Market in the US (2019): Percentage Breakdown of Value Sales by Application - Animal Feed, Food & Beverage, Paper, Pharmaceutical, Textile and Others
  • ABLE: Modified Starch Market in the US (2019): Percentage Breakdown of Value Sales by Product - Cationic Starch, Pre-gelatinized Starch, Resistant Starch, Starch Esters & Ethers and Others
  • Corn Starch Market: The Widely Used Starch Product
  • HFCS Production Determines Demand for Corn Starch
  • Biodegradable Plastics Drive Demand for Starch
  • Demand for Rice Starch Grows
  • Production Statistics
  • US Potatoes Production Volume (in '000 Cwt) for the Years 2010 through 2019
  • US Corn Production in Million Metric Tons for Years 2010 through 2019
  • US Wheat Production Volume in Million Bushels for Years 2012-13 through 2018-19
  • EXIM Statistics
  • US Exports of Starches (Inulin) (2019): Percentage Breakdown of Export Value by Destination Country
  • Wheat Starch Market Exports in the US (2019): Percentage Breakdown of Export Value by Country of Destination
  • Maize (Corn) Starch Exports in the US (2019): Percentage Breakdown of Export Value by Country of Destination
  • Potato Starch Exports in the US (2019): Percentage Breakdown of Export Value by Country of Destination
  • Manioc (Cassava) Starch Exports in the US (2019): Percentage Breakdown of Export Value by Country of Destination
  • US Imports for Starches (Inulin) (2019): Percentage Breakdown of Import Value by Country of Origin
  • Wheat Starch Imports in the US (2019): Percentage Breakdown of Import Value by Country of Origin
  • Maize (Corn) Starch Imports in the US (2019): Percentage Breakdown of Import Value by Country of Origin
  • Potato Starch Imports in the US (2019): Percentage Breakdown of Import Value by Country of Origin

CANADA

  • Canadian Imports of Starches (Inulin) (2017): Percentage Breakdown of Import Value by Country of Origin
  • EXIM Statistics
  • Corn Starch Market in China (2019): Percentage Breakdown of Consumption in Modified Starch, Starch Sugar and Others
  • Canadian Exports of Starches (Inulin) (2019): Percentage Breakdown of Export Value by Destination Country
  • Canadian Imports of Wheat Starch (2019): Percentage Breakdown of Import Value by Country of Origin
  • Canadian Imports of Maize (Corn) Starch (2019): Percentage Breakdown of Import Value by Country of Origin
  • Canadian Exports of Maize (Corn) Starch (2017): Percentage Breakdown of Export Value by Destination Country

JAPAN

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Potato Starch Market: An Insight
  • Starch Sugar Emerges as Alternative to High Cost Edible Sugar
  • Modified Starch: A High Growth Market
  • Corn Starch Market in China: An Overview
  • Cassava Starch Market in China

EUROPE

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Production Scenario
  • Starch Production (in Million Tonnes) in the EU for the Years 2010 through 2018
  • EU Starch Market (2019): Percentage Breakdown of Raw Materials Used in Starch Production
  • A Peek into the Food Starch Market
  • Contribution of the European Starch Industry to the Economy and Environment

FRANCE

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Starch - A High Growth Potential Market
  • Raw Materials for Starch Production in India: A Snapshot
  • Starch Producers in India
  • High-Value Food Processing: A Major End-Use Market for Starch
  • Growing Demand for Modified Starches from Paper Industry
  • Native Starch Market: Strong Growth Potential from Food and Non-Food Sectors
  • High Potential for Starch Extraction from Tuber and Root Crops
  • Indian Starch Utilization by Crop Type
  • Tapioca Starch in India - An Overview
  • Corn Starch Industry: A Highly Fragmented Market

SOUTH KOREA

REST OF ASIA-PACIFIC

  • Philippines
  • Thailand
  • Tapioca Starch Market
  • Cassava Starch
  • Cassava Utilization in Thailand (2019): Percentage Breakdown of Consumption by Segment for Chip & Pellet, Ethanol and Starch

LATIN AMERICA

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA

BRAZIL

  • Brazil Focuses on Development of Waxy Cassava Starch

MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Starch Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
  • Cassava on its Way to Emerge as Food Security Crop in Africa

IV. COMPETITION

  • Total Companies Profiled: 143
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • AGRANA Beteiligungs-AG
  • Archer Daniels Midland Company (ADM)
  • Avebe Group
  • BENEO GmbH
  • Cargill, Inc.
  • Chemstar Products Company
  • Global Bio-Chem Technology Group Co., Ltd.
  • Grain Processing Corporation
  • Ingredion, Inc.
  • PT Budi Starch & Sweetener Tbk
  • Tereos Starch & Sweeteners SAS
  • Tate & Lyle PLC (UK)
  • The Emsland Group (Germany)
  • Zhucheng Xingmao Corn Developing Co., Ltd.
Note: Product cover images may vary from those shown