Industrial Starch Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2479 | Last Updated On: Sep 02 2022 | Available Formats

> Global Industrial Starch Market Expected to reach a high CAGR of 6.5% By 2029: DataM Intelligence

Global Industrial Starch Market is segmented By Product Type (Commercial Native, cereal starches, Starch Derivatives and Sweeteners), By Source Type (Cassava, Corn, Wheat, Potato), By Region (North America, Europe, South  America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[200 Pages Report] The Global Industrial Starch Market is expected to grow at a CAGR of 6.5% during the forecasting period (2022-2029).

Industrial Starch Market - Strategic Insights

Metrics

Details

Market CAGR

 6.5%

Segments Covered

By Product Type, By Source Type and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Starch is a homopolysaccharide consisting of glucose units and stored in plants in the form of carbohydrates. It is derived from various raw materials used in our day to day life. Industrial starch is produced from fruits and vegetables like rice, corn etc.

Market Dynamics

The major factor driving the market growth of Industrial Starch is the usage of industrial starch in the food and food processing industry and industrial starch is a strong adhesive so it is also used in packaging consumer products across the world. Industrial Starch is also used in packing and processing food to meet the rising global food demand. The market is expected to grow in the future as there is quite a high adoption and potential of cassava and other alternative sources of starch like roots, rhizomes, tubers etc and these could easily replace starch produced using chemicals and can open new markets for the growth of industrial starch. In the tropics, cassava is the third-largest source of carbohydrates after rice and maize.

The demand for convenience or tertiary processed food will drive the market growth

Industrial Starch is used as a food additive in various convenience foods like snacks, beverages, baked items etc. In 2020-2021, Global Wheat consumption was 759.5 million metric tons and in 2019-2020, Global Wheat consumption was 734.72 million metric tons. In 2020-2021, Global Rice consumption was 504.3 million metric tons and in 2019-2020, Global Rice consumption was 486 million metric tons. According to the report by Organization for Economic Co-operation and Development (OECD), the cereal, wheat and rice demand will increase in the future as even during covid-19 the demand for rice, wheat and cereals increased as people preferred homemade food and packed and convenience foods and even pasta, noodles etc were cooked in homes only which is the driving factor for the market growth of industrial starch and starches are also used as thickeners, fat replacers, stabilizers. It is also a strong bonding adhesive.

The use of Industrial Starch in producing bio-based plastics and use in non-food industries is also driving the market growth

The increasing use of industrial starch in the production of bio-based plastics is driving market growth. Global bioplastics production capacity was 2.05 million tons in 2019 and 2.12 million tons in 2020 according to the European Bioplastics Organization. It is expected global bioplastics production capacity will reach 2.85 by 2025. Bio-Plastics are plastic materials that are made from renewable biomass sources such as corn starch, fats and oils, banana peel, potato starch etc. Due to the huge production of bio-based plastics from industrial starch, the market is expected to witness high growth. Starch is also used in making paper, cosmetics, pharmaceuticals, paints and coatings and in construction work. The various uses of starch in food and other industries are the driving factor of the market growth.

Prices and availability of raw materials and growth of the Arabic gum market is hampering the growth of the market of Industrial Starch

COVID-19 Impact Analysis

The covid-19 has a huge impact on all the industries but due to demand for ready to eat foods, packed and packaged foods, the market share of the food industry in industrial starch was the highest in 2020. Even there was a demand for the use of industrial starch in producing bio-based plastics. Global bioplastics production capacity was 2.05 million tons in 2019 and 2.12 million tons in 2020 according to the European Bioplastics Organization so covid-19 could not affect this sector. Even during covid-19 production and consumption of wheat, rice, cereals etc increased as the cassava, corn, and wheat segment was also growing at a faster pace due to rising global demand in the food industry for making baked goods, noodles, shredded cheese, snack foods, processed meats, sauces, gravies, and soups and ready to eat foods were also in demand and it is expected that demand will increase in the future. But the textile and paper industry declined during the pandemic and pharmaceutical even though did not have a large market share but still it was in demand and profit during the pandemic.

Segment Analysis

The Global Industrial Starch Market is segmented based on product type, source type, application and region.

Based on Product Type

Based on Product Type, the Global Industrial Starch market is segmented into Commercial Native, Cereal Starches, Starch Derivatives, Sweeteners.

Among this commercial native segment has the highest share in 2019 owing to the increasing demand for the food and feed industry, due to its properties like high water binding and retention, good feed textures, and provides extended shelf life. According to the International Feed Industry Federation (IFIF) in 2018, commercial feed production has generated a total turnover of over USD 400 billion annually around the globe. Cereal starches, starch derivatives, and sweeteners segment also increasing at the fastest pace owing to a surge in the adoption of renewable energy production for increasing the global industrial starch demand around the globe

Based on Source Type

Based on Source Type, the Global Industrial Starch market is segmented into Cassava, Corn, Wheat, Potato.

The potato segment has the highest market share owing to its high binding properties. Potato starch is used in the food processing industry as a gelling agent, binder, and general thickener. Furthermore, world potato production has also been increased, as per the Food and Agriculture Organization Corporate Statistical Database, in 2019 global potato production was 370 million metric tonnes. However, the cassava, corn, and wheat segment are also growing at a faster pace due to rising global demand in the food industry for making baked goods, noodles, shredded cheese, snack foods, processed meats, sauces, gravies, and soups and ready to eat foods are also increasing in the market due to covid-19.

Geographical Analysis

Based on region, the Global Industrial Starch market is segmented into North America, Europe, Asia-Pacific, Middle East, Africa and South America.

Among all of the regions, North America has dominated the global industrial starch market and is expected to grow at the highest CAGR during the forecasted period due to the rising production of corn-based starch with the presence of advanced technology. According to the U.S. Department of Agriculture, (USDA), the United States has planted around 92 million acres and 14 billion bushels of corn in 2019, 2020 respectively followed by the Asia Pacific. The United States was the major player contributing to the largest market share in this region. Other major countries are Canada and Mexico. Canada and the US are also large wheat-producing states and they process thickeners into intermediate products useful for industries and the increasing demand for meat and poultry products is driving the market growth for Industrial starch as in the feed industry it is used as a filler in animal consumption.

Competitive Landscape

The Global Industrial Starch Market is fragmented with key global players in the market. Some of the major companies contributing to the market's growth are-The Tereos Group, RoyalCosun, Altia Industrial Services, BASF, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Cargill, Roquette Frères, AGRANA Beteiligungs-AG.

Major players are launching new advanced industrial starch for the energy sector. Archer Daniels Midland and Vedan Company both launched maltodextrin ingredients and tapioca starches in July 2018. These starches are used in the production of sauces, ice cream, yoghurts, soups, dressings, bakery products, bakery fillings, and beverages. Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing technology usage in the manufacturing of industrial starch such as BASF partnered Lonping and Win-all for developing a non-GMO rice system in China that will increase the quality of the crop, Cargill and Archer Daniels Midland Company have completed the agreement with Grainbridge for enhancing the digital tools technology. This will help North American farmers to consolidate grain marketing activities and information on production economics with a single digital platform without any cost and Chemical recycling was promoted by BASF and Mitsui chemicals in Japan recently. Many new products are launched by the company such as Tate & Lyle launched non-GMO ingredients which include starch made from dent corn and also BASF introduced herbicide Zidua against resistance phalaris weed found in wheat in 2020 which also focused on increasing the product portfolio of BASF company.

 BASF (Badische Anilin-und Sodafabrik)

Overview:

BASF SE is a chemical company which is headquartered in Ludwigshafen, Germany. It is the largest chemical public company in the world. The full form of BASF is Badische Anilin- und SodaFabrik (Baden Aniline and Soda Factory). BASF acquired Cognis and Ciba in December 2010 and April 2009 respectively. The company has joint ventures in over 80 countries. The company is also listed on several stock exchanges like the Zurich stock exchange, frankfurt stock exchange and London stock exchange. The company deals with many products like resins, amines, plastics, crude oil exploration, industrial starch etc. It is ranked 143rd according to fortune 500. The company various segments of operations like Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas

 

Product Portfolio:

Some of the products of the company are- Amflora, Opera, Zidua, Resin, plastics

Key Development

Some of the key developments of the company are- Chemical recycling is promoted by BASF and Mitsui chemicals in Japan, BASF company partnered with Lonping and Win-all for developing a non-GMO rice system in China that will increase the quality of the crop, BASF introduced the herbicide Zidua against the resistant Phalaris weed found in wheat.

Financial Overview

Blackrock has more than 5% market shares of the company and Institutional Inventors has around 75% market shares. Germany, U.K, US has market shares of 36%, 11%, 17%. It is ranked 143rd among fortune 500 companies. The market value of the company as of 20th January 2021 is USD 7.5 billion. According to CNN business, some of the major stockholders/owners of the company are Todd Asset Management LLC, Parametric Portfolio Associates, Silvercrest Asset Management group with market shares 0.03%, 0.08%, 0.01% respectively.

  Why Purchase the Report?

  • Visualize the composition of the global industrial starch market products in terms of Ingredient product type, and application highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global Industrial starch market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global industrial starch market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The Global Industrial Starch market report will provide access to approximately 53 market data tables, 44 figures, and 200 pages

Target Audience 2022

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Emerging Companies
  • Research professionals
  • Distributors
  • Manufacturers
  • Consultants
  • Defence and Aviation experts

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