Due to the increasing demand and wide application of industrial starches in various end-user industries, industrial starch market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Industrial Starch Market Research Report- Forecast to 2023 that the Industrial Starch market will demonstrate an exceptional CAGR.
Industrial Starch is an essential ingredient both for the food and non-food industry. For starch production, raw materials constitute around 60 percent of the total cost incurred. Also, with the advancement of technology, starch manufacturing units have adopted a full set of modern technology, facilitating cost effective production. Various by products were disposed of traditionally, but now as the manufacturers know the value of these by product, they are now processed and used as valuable raw material in various application. There has been huge demand of starch in production of bio-degradable plastic. Industrial players rely on starch to produce bio-degradable plastic as this plastic can be easily degraded by enzymatic & chemical processes and the end product can be used as compost, and hence used as fertilizers.
The leading market players in the Global Industrial Starch market primarily are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and Roquette Frères (France),
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The global Industrial Starch market has been divided into type, form, application, and region.
On The Basis Of Type: Sweeteners, Modified Starch and Native Starch
On The Basis Of Form: Powder, Liquid, and Gel
On The Basis Of Application: Food & Beverages (Confectionery, Processed food, Beverages, and Others) and Non-Food (Corrugation & Paper making, Pharmaceuticals, Textile, Personal Care, and Others)
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
The global industrial starches market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global industrial starches market is highly dominated by North America followed by Asia Pacific. The expansion of production facilities in the emerging economies such as India and China, coupled with increasing demand for the food, paper, and textile sectors is expected to drive the growth in Asia-Pacific region. The textile sector in China, Malaysia, and India further boost the growing domestic consumption coupled with favorable government regulations attracting investments and strengthening the market. European starch industry is also expected to generate high revenue owing to the robust manufacturing base of the food processing industry coupled with the growing demand in Germany. Also, huge demand for modified starch-based products from the convenience and packaged food sector would accelerate the growth of starches, thereby resulting in the improvement of margins of the food processing industry over the past couple of years.
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