Gluten-free is a rising trend seen in food starch market, Cargill’s ActiStar is a resistant starch to replace wheat flour and can be added to the products intended to be gluten-free.
Growing Demand for Weight Management Foods
Increasing advancements in the technology of microencapsulation has widened the options for starch industry, which is projected to have a high impact in the coming years. The rising demand for weight management ingredients or foods and functionally diverse ingredients is driving the market. These factors are highly impactful all through and are expected to drive the market at a medium pace during the forecast period.
The increasing prices of agricultural commodities are highly impacting the prices of the final product, which is a major drawback for the market growth. The demand for starch from other industries such as cosmetics, animal feed, and chemicals, is lagging the food starch market growth. However, the rising demand for processed and convenience foods has opened the gates for the market. In addition, the emerging trend of “clean label ingredients” has also triggered the market and is expected to continue the impact throughout the forecast period.
Modified Starch Holds the Major Share in Food Starch Market
Native and modified starches are used as thickeners, binders, and stabilizers in the food & beverage industry. Due to their functional properties, they are considered as indispensable ingredients in the industry. Some of their key functions include the prevention of undesired hydration, rendering the desired texture and mouth feel, shelf-life extension and encapsulation of other ingredients. The use of modified starch as a fat replacer is expected to further increase it usage in the future due to the growing trend of consumers giving preference for health foods which contain substitutes for fat to increase the nutritive value for food.
The food starch market has been segmented by product (native, modified, starch derivatives, starch sweeteners), source (maize, wheat, potato, others), application (beverages, baked goods, confectionery, dairy products, processed foods) and region (North America, South America, Europe, the Middle East & Africa and Asia-Pacific).
U.S Holds Major Share in North America Food Starch Market
Globally, maize has been the most preferred raw material for starch production. In the United States, more than 90% of the starch is manufactured from maize. Asia-Pacific also follows suit and depends significantly on maize for the manufacture of starch. North America is expected to have the highest market share for modified starch market globally in 2017. The US is expected to have the highest share of about 45%. Maize is used considerably in Europe as well, although the dependence is lesser compared to other global markets. This is mainly because wheat and potato are significantly used as raw material sources to meet the starch requirements in Europe. The European starch industry produces over six hundred products, from native starches to physically or chemically modified starches, through to liquid and solid sweeteners. United Kingdom (UK) is one among the prominent countries that have a high market share in consumption of starch in the region.
MAJOR PLAYERS: ADM - ARCHER DANIELS MIDLAND, AGRANA, AVEBE, BENEO, CARGILL INCORPORATED, GRAIN PROCESSING CORPORATION, INGREDION, NATIONAL STARCH FOOD INNOVATION, ROQUETTE FERERES SA and TATE & LYLE - TEREOS SYRAL, amongst others.
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timeline
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. MARKET OVERVIEW
3.1.1 Demand for Functionally Diverse Ingredients Drives the Growth of Modified Starch
3.1.2 Microencapsulation Technology Enhances the Innovations in Starch Industry
3.1.3 Growing Demand for Weight Management Foods
3.2.1 Fluctuating Prices of Raw Materials
3.2.2 Low Level of Consumer Awareness Regarding the Gluten-Free Starches
3.3.1 Rising Revenues of Processed and Convenience Foods
3.3.2 Increasing Trend of "Clean Label Ingredients"
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By Type
4.1.1 Native Starch
4.1.2 Modified Starch
4.1.3 Starch Derivatives
4.1.4 Starch Sweeteners
4.2 By Source
4.2.4 Others (Cassava and Rice)
4.3 By Application
4.3.2 Baked Goods
4.3.4 Dairy Products
4.3.5 Processed Foods
4.4 By Region
4.4.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
4.4.4 South America
22.214.171.124 South africa
5. Competitive Landscape
5.1 Strategies Adopted by Key Players
5.2 Most Active Companies in the Past Five Years
5.3 Market Share Analysis
6. Company Profiles
6.1 ADM - Archer Daniels Midland
6.5 Cargill Incorporated
6.6 Grain Processing Corporation
6.8 National Starch Food Innovation
6.9 Roquette Fereres SA
6.10 Tate & Lyle - Tereos Syral