SAN FRANCISCO , March 25, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Starch – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.
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Editing: 20; Published: February 2022
Executive Pool: 5337
Companies: 143 – Players covered include AGRANA Beteiligungs-AG; Archer Daniels Midland Company (ADM); Avebe Group; BENEO GmbH; Cargill, Inc.; Chemstar Products Company; Global Bio-Chem Technology Group Co., Ltd. ; Cereal processing company; Ingredion, Inc.; PT Budi Starch and sweetener Tbk; Tereos Starch & Sweeteners SAS; Tate & Lyle PLC (UK); Emsland Group (Germany); Zhucheng Xingmao Corn Developing Co., Ltd. and others.
Cover: All major geographies and key segments
segments: Product Segment (Liquid Starch, Native Dry Starch, Modified Dry Starch, Other Product Segments); End use (food and beverage, paper, pharmaceutical, animal feed, other end uses)
Geographies: World; UNITED STATES; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Starch Market to Reach 160.3 Million Metric Tons by 2026
Starch is one of the most widely available carbohydrates in nature. Growing use of starch in food and beverage processing industry and growing consumption in non-food industries is fueling the growth of the global market. Rapid growth in the food processing industry and increasing demand for starch-based adhesives in industrial products including packaging are driving the growth of the starch market. In the food industry, the demand for starch continues to show strong growth due to the fact that most types of sugars used in various food processing activities are derived from starch. Sweeteners, which are used as sugar substitutes, are particularly showing rapid gains. This tendency is more pronounced in China where isoglucose is attracting the attention of soft drink producers and agri-food groups. Growing consumer demand for convenient and healthy foods continues to drive the use of modified starch in the food industry. The increasing use of starch to synthesize biodegradable polymers has the potential to transform the market outlook. The industry is moving beyond traditional sources of starch such as maize, potato and wheat, towards other economical sources of starch such as cassava and sweet potato.
Amid the COVID-19 crisis, the global starch market estimated at 131 million metric tons in 2022 is expected to reach a revised size of 160.3 million metric tons by 2026, growing at a CAGR 5% over the analysis period. Liquid starch, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.2% to reach 97.6 million metric tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, Native Dry Starch segment growth is readjusted to a revised CAGR of 5.2% for the next 7-year period. This segment currently accounts for a 26.9% share of the global starch market. Liquid starch products are starch derivatives in the form of syrup, which are mainly used as sugar substitutes. These starch products include ethanol, isoglucose and other syrup products.
The US market is estimated at 34.6 million metric tons in 2022, while China is expected to reach 33.1 million metric tons by 2026
The starch market in the United States is estimated at 34.6 million metric tons in 2022. The country currently accounts for a 27% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of 33.1 million metric tons in 2026 growing at a CAGR of 8.1% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 2.8% and 4% respectively over the analysis period. In Europe, Germany is expected to grow around 3.6% CAGR while the rest of the European market (as defined in the study) will reach 35.7 million metric tons by the end of the analysis period. The demand for starch in Asia Pacific country comes from both non-food and food sectors. Strong economic growth, increased employment opportunities and increased per capita disposable income, especially in China and India, contribute to the strong growth in demand for food and non-food ingredients, including starch. Developing economies such as China, India, Russia, Brazil and Africa also create a strong case for starch, especially in paper mills, packaging and some food applications. In North Americathe demand for starch types such as corn starch is mainly driven by the increasing use of gluten-free ingredients by the food industry, given the increasing incidence of gluten intolerance and disease celiac in the country.
Modified Dry Starch Segment to Reach 17.7 Million Metric Tons by 2026
The demand for modified starch comes from the non-food, food and industrial sectors. Key properties driving the adoption of modified starch in these applications include binding water, flocculation, tackiness, pH stability, acid stability, thickening properties, shear stability and film forming properties. modified starch, among others. In the global modified dry starch segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 3.6% estimated for this segment. These regional markets representing a combined market size of 10.7 million metric tons will reach a projected size of 13.7 million metric tons by the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific is expected to reach 2.3 million metric tons by 2026, while Latin America will grow at a CAGR of 4.1% over the analysis period.
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