The food starch market was valued at $18.9 billion in 2018, and is projected to reach $29.1 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026. The sweetener segment led the market terms of share in 2018, and is expected to retain its dominance throughout the forecast period.
The global food starch market has witnessed robust growth in the last few years. This is attributed to development of the food & beverage industry, innovation in the food system, improved logistics, increase in affordability, and rise in consumer spending. Furthermore, the demand for convenience food have increased multifold, owing to consumer preference toward ready-to-eat and cost-effective food. Furthermore, widespread expansion of the food processing industry has boosted the demand for food ingredients, which have positively impacted demand for food starch.
The demand for clean label ingredients has increased in the global food & beverage industry. According to AMR analysis, more than 60% Americans consider natural products as better and more than 51% are actively seeking for natural ingredients in their food products while making food purchase decisions. To cater to the growing demand for clean label ingredients, engaged stakeholders in the industry are now venturing for the production of clean label starch. For instance, Beneo-Remy developed natural, native, and clean-label starch having performance comparable to chemically modified starches. Similarly, Cargill is involved in the production of clean-label starch, and is actively marketing the same through SimPure brand. Thus, increase in trend for clean label food from end users is anticipated to provide remunerative opportunities for the players in the food starch industry.
The global food starch market is segmented into raw material, type, end user, and region. Depending on raw material, the market is categorized into across maize, wheat, and others. By type, it is fragmented into modified starch, native starch, and sweeteners. On the basis of end user, it is bifurcated into business to business and business to consumer. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
The report focuses on the growth prospects, restraints, and opportunities of the global food starch market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the food starch market.
The key players operating in the global food starch market include ADM, Cargill, Ingredion, Tate and Lyle, BENEO, Roquette Frères, AGRANA Beteiligungs-AG, SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., and Nutrend Biotech Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
Food starch Segments
By Raw Material
By Type
End User
By Region
The demand for clean label ingredients has increased in the global food & beverage industry. According to AMR analysis, more than 60% Americans consider natural products as better and more than 51% are actively seeking for natural ingredients in their food products while making food purchase decisions. To cater to the growing demand for clean label ingredients, engaged stakeholders in the industry are now venturing for the production of clean label starch. For instance, Beneo-Remy developed natural, native, and clean-label starch having performance comparable to chemically modified starches. Similarly, Cargill is involved in the production of clean-label starch, and is actively marketing the same through SimPure brand. Thus, increase in trend for clean label food from end users is anticipated to provide remunerative opportunities for the players in the food starch industry.
The global food starch market is segmented into raw material, type, end user, and region. Depending on raw material, the market is categorized into across maize, wheat, and others. By type, it is fragmented into modified starch, native starch, and sweeteners. On the basis of end user, it is bifurcated into business to business and business to consumer. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
The report focuses on the growth prospects, restraints, and opportunities of the global food starch market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the food starch market.
The key players operating in the global food starch market include ADM, Cargill, Ingredion, Tate and Lyle, BENEO, Roquette Frères, AGRANA Beteiligungs-AG, SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., and Nutrend Biotech Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global food starch market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Food starch Segments
By Raw Material
- Maize
- Wheat
- Others
By Type
- Modified Starch
- Native Starch
- Sweeteners
End User
- Business to Business
- Business to Consumer
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL FOOD STARCH MARKET, BY RAW MATERIAL
CHAPTER 5: GLOBAL FOOD STARCH MARKET, BY TYPE
CHAPTER 6: GLOBAL FOOD STARCH MARKET, BY END USER
CHAPTER 7: GLOBAL FOOD STARCH MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
Executive Summary
According to the report titled 'Food Starch Market by Raw Material, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global food starch market size was $18.9 billion in 2018, and is projected to reach $29.1 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026.Increase in demand for high-quality food & beverages in terms of taste and nutritional content has been witnessed all across the globe. Consumers are shifting their preference from regular staple food to enhanced food products, which foster the demand for starch in the food & beverages industry.
Owing to versatile properties, starch find its application in the food industry. For instance, starch acts as a thickening & emulsifying agent and a texturant. Moreover, it used in gelling, stabilizing, and adhesion. Furthermore, it has rheology modifying property, which has resulted in its widespread adoption, thereby boosting the growth of the global food starch industry. Major application of starch includes bakery, confectionary, sauces, processed meats, noodles, pasta, dry mixes soups, salads dressings, puddings, and pie fillings. Furthermore, modification of starch has resulted in better heat, temperature, pH, and rheological resistance, which fuels its demand across the globe. In addition, development of the food processing industry is expected to bolster the growth of the food starch market in the upcoming years.
Recent years have seen transition in food consuming habits of the population around the world. People are now becoming concern about the type of food they are consuming along with monitoring calorie and other vital nutrients. Starch is a high-calorie food product. Furthermore, essential nutrients such as protein, fat, vitamins, and minerals are missing from starches. In addition, starch breaks down into glucose, which is expected to increase sugar levels. A study by the Princeton University revealed that laboratory rats that consumed High-fructose corn syrup (HFCS) gained substantially more weight than rats fed table sugar. Such negative health effects of starch and its derivatives negatively impact the overall market expansion.
According to Shankar Bhandalkar, Team Lead-Research, Food and Beverage “The growth of the global food starch market is expected to be driven by expansion of the food processing and food service industries. However, the availability of substitutes is expected to hamper the growth of the market.'
The global food starch market is segmented into raw material, type, end user, and region. On the basis of raw material, the market is fragmented into maize, wheat, and others. By type, it is categorized into modified starch, native starch, and sweeteners. Depending on end user, it is bifurcated into business to business and business to consumer. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
KEY FINDINGS OF THE STUDY
- Maize segment was the highest contributor to the global food starch market, with $13.2billion in 2018, and is estimated to reach $19.6billion by 2026, at a CAGR of 5.3% during the forecast period.
- In 2018, by end user, the business to business segment accounted for about 82% of the global food starch market share in 2018, and is expected to grow at the CAGR of 5.6%. However, this segment is expected to lose market share to business to consumer segment.
- In 2018, depending on type, the sweetener segment led in terms of market share, however, the modified starch segment is expected to garner market share in the estimated forecast.
- Asia-Pacific dominates food starch the market, in terms of share, and is expected to continue this trend during the forecast period.
- Asia-Pacific region is anticipated to grow with robust CAGR of 7.0% during the forecast period.
Some of the key players in the food starch market analysis includes ADM, Cargill, Ingredion, Tate and Lyle, BENEO, Roquette Frères, AGRANA Beteiligungs-AG, SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., and Nutrend Biotech Co., Ltd.
Companies Mentioned
- ADM
- Cargill
- Ingredion
- Tate Lyle
- BENEO
- Roquette Frères
- AGRANA Beteiligungs-AG
- SPAC Starch Products (India) Limited
- Sonish Starch Technology Co. Ltd.
- Nutrend Biotech Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 249 |
| Published | February 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 18.9 billion |
| Forecasted Market Value ( USD | $ 29.1 billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
