Global Industrial Starch Market Insights Forecasts to 2033.

• The Global Industrial Starch Market Size was Valued at USD 56.8 Billion in 2023.
• The Market Size is Growing at a CAGR of 5.32% from 2023 to 2033.
• The Worldwide Industrial Starch Market Size is Expected to Reach USD 95.4 Billion by 2033.
• Asia Pacific Market is expected to grow the fastest during the forecast period.

The Global Industrial Starch Market Size is Anticipated to Exceed USD 95.4 Billion by 2033, Growing at a CAGR of 5.32% from 2023 to 2033.

Market Overview

An energy-storing carbohydrate that is mostly found in plants, particularly in grains like wheat, corn, rice, and potatoes. When refined, starch, which is a combination of two distinct polysaccharides made of glucose units, turns into a tasteless, white powder. Several natural sources, including potatoes, cassava, wheat, and corn, are used to make industrial starch. In the paper and textile business, industrial starch is widely utilized in coating and production processes. The non-food sectors of paper, textile, mining, construction materials, and consumer goods also use industrial starch. The paper industry uses a lot of industrial starch for coating and production. It is utilized in the textile sector for the printing and finishing of textiles. Starch and its derivatives are rapidly being utilized in a wide range of different end-use applications, including paper, construction materials, cosmetics, and medicines, even though the food sector is anticipated to be the biggest end-user. In addition, the food processing industry's explosive growth offers ingredient producers a great deal of opportunity to respond to growing demand by taking calculated hazards.

Report Coverage

This research report categorizes the market for the global industrial starch market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global industrial starch market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global industrial starch market.

Driving Factors

The market is primarily influenced by the rising demand for convenience foods as well as the various uses for starch, starch derivatives, and sweeteners. With starch being used to enhance the mouthfeel, texture, and consistency of a wide range of food items, the food and beverage business is expected to increase significantly. The need for industrial starch as a sustainable and renewable substitute is being driven by the growing use of bio-based and sustainable materials in a variety of sectors, including packaging, textiles, and bioplastics.

Restraining Factors

The cost of raw materials varies based on their source, manufacture, and availability. This may affect the industrial starch market's growth and profitability for the businesses involved. For new players entering the market, the substantial upfront costs associated with the extraction and production of starch derivatives may be a deterrent. Market saturation and competition are two more business market barriers that may impede the industrial starch market expansion.

Market Segmentation

The Global Industrial Starch Market share is classified into type, source, and application

• The native starch segment is expected to hold the largest share of the global industrial starch market during the forecast period.   

Based on the type, the global industrial starch market is divided into native starch, starch derivatives & sweeteners, cationic starch, ethylated starch, and others. Among these, the native starch segment is expected to hold the largest share of the global industrial starch market during the forecast period. This is because Increased uses in processed drinks and confections, medicines, paper manufacture, and other sectors are driving the native starch segment's growth. Producers of native starch have been putting a lot of effort into offering a versatile component to satisfy the rising demand.

• The corn segment is expected to grow at the fastest pace in the global industrial starch market during the forecast period.    

Based on the source, the global industrial starch market is divided into cassava, corn, wheat, potato, and others. Among these, the corn segment is expected to grow at the fastest pace in the global industrial starch market during the forecast period. This is because corn starch is an economical option that is favored by many different sectors. Because it is biodegradable, it meets the growing need for ingredients that are sustainable and natural. It is used in many different sectors, including the food and beverage, paper, textile, pharmaceutical, and beer industries, where it promotes fermentation and raises the overall caliber of the finished product.

• The paper industry segment is expected to grow at the greatest pace in the global industrial starch market during the forecast period.

Based on the application, the global industrial starch market is divided into the paper industry, food, pharmaceutical industry, feed, and others. Among these, the paper industry segment is expected to grow at the greatest pace in the global industrial starch market during the forecast period. As starch works as a binding agent and improves the strength and caliber of paper goods, starch is a common ingredient in papermaking. The robust growth in the market is primarily attributable to the plentiful supply of raw materials and a firmly developed manufacturing sector.

Regional Segment Analysis of the Global Industrial Starch Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global industrial starch market over the predicted timeframe.

North America is anticipated to hold the largest share of the global industrial starch market over the predicted timeframe. This is because of the numerous international food manufacturing and processing enterprises based in the area, there is a greater need for industrial starch. The world's top producer of maize is the United States, specifically, with a considerable amount of its production going toward starch manufacture and other applications. The United States' supremacy in the industrial starch industry is further attributed to its well-established manufacturing sector. Furthermore, North America's highly developed food sector, which makes use of all components, reinforces the region's dominant position in the industrial starch market.

Asia Pacific is expected to grow at the fastest pace in the global industrial starch market during the forecast period. This is due to the region's extensive cultivation of raw materials like cassava, sweet potatoes, and maize in nations like China, Thailand, Indonesia, and India, where industrial starch is widely accessible. Furthermore, the Asia Pacific industrial starch market is expanding due to increase per capita income and rising consumer demand for a wider variety of food and beverage alternatives.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global industrial starch along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cargill, Incorporated
• Tirupati Starch & Chemicals Ltd.
• Archer Daniels Midland Company (ADM)
• Ingredion Incorporated
• Emsland Group
• Avebe
• Grain Processing Corporation (GPC)
• Universal Starch Chem Allied Ltd.
• Penford Corporation (Ingredion)
• Agrana Stärke GmbH
• Visco Starch
• Banpong Tapioca Flour Industrial Co., Ltd.
• Tate & Lyle PLC
• Roquette Frères
• Native American Natural Foods.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2023, the new Customer Innovation and Collaboration Center of Tate & Lyle PLC (Tate & Lyle), a global pioneer in ingredient solutions for healthier food and beverages, will be located in Jakarta, Indonesia.

• In March 2023, Ingredion Inc. invested in a new plant in China to produce clean-label sweeteners and starches in response to the increasing demand in the area for natural and functional ingredients.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Industrial Starch Market based on the below-mentioned segments: 

Global Industrial Starch Market, By Type

• Native Starch
• Starch Derivatives & Sweeteners
• Cationic Starch
• Ethylated Starch
• Others

Global Industrial Starch Market, By Source

• Cassava
• Corn
• Wheat
• Potato
• Others

Global Industrial Starch Market, By Application

• Paper Industry
• Food
• Pharmaceutical Industry
• Feed
• Others

Global Industrial Starch Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa