Food Starch Market - Growth, Trends, and Forecasts (2020 - 2025)

The global food starch market is projected to grow at a CAGR of6.35% during the forecast period, 2020-2025.

The market is competitive and driven by an increase in the trend of “health and wellness” and growing consumer demand for all natural ingredients.

Cereals, particularly breads and breakfast cereals, and potatoes make the major contribution to starch intakes in the western diets. Starch intakes are considerably higher in countries dependent on starchy staples to a greater degree, such as China, and Japan.

Key Market Trends

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.

North America to Dominate the Market’s Growth

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. The United States is expected to have the highest market share. 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 is one among the prominent countries that have a high market share in consumption of starch in the region.

Competitive Landscape

Companies are participating in this market with the focus on establishing themselves as manufacturers of health and wellness ingredients. The major competitive factors in the native and modified starches market are price, product customization, and customer service. Some of the major players in the global food starch market are Agrana, Cargill Incorporated, Grain Processing Corporation, National Starch Food Innovation, Roquette Fereres Sa, and,Tate & Lyle - Tereos Syral, among others.

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