Market Research Report
Global Industrial Starch Market - 2019-2026
|Published by||DataM Intelligence||Product code||945422|
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|Global Industrial Starch Market - 2019-2026|
|Published: June 29, 2020||Content info:||
Industrial starch is a polymeric carbohydrate derived from various agricultural raw materials used in the everyday food and non-food applications. The industrial starch can be produced from most green plants which is used as energy storage. The most common industrial starch is produced from the fruits and vegetables like cassava potatoes, corn, and rice. These starches have high adhesive binding strength which is used in many applications including paper making, building and construction, paints & coating. Demand for renewable and biodegradable plastic and other product has been increased astoundingly for industrial packaging in the food, feed, and paper industries. The global industrial starch market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for industrial starch in the food and food processing industry as well as for making adhesives in packaging and consumer products around the globe. Industrial starch has significant use in making the packed and processed food with rising global food demand. As per the Organization for Economic Co-operation and Development (OECD), the cereal, rice and wheat demand is projected to grow by 150 Million tone, 50Mt and 50mt respectively during the forecast period from 2019 to 2028.
Furthermore, the increasing the production of biobased plastics using industrial stach around the globe is also fuels the market. According to the European Bioplastics Organization, the global bioplastics production capacities was registered to around 2.11 million tonnes in 2019 and is expected to reach approximately 2.42 million tonnes by 2024.
There is a rise in the invention of biodegradable plastics from renewable biomass sources such as corn starch, vegetable fats and oils, banana peel, and potato starch for various industry verticals may create huge opportunity for the industrial starch market. For instance on 12th April 2018, BioLogiQ Company has been launched 3 new NuPlastiQ grades for the food packaging and other products. The plastic was made from polysaccharides, that is plant starch for sustainability in the environment
The global Industrial Starch market is segmented based on product type, source type, application, and region.
In terms of product type the global industrial starch market is bifurcated into commercial native, cereal starches, starch derivatives and sweeteners. Among this commercial native segment has highest share in 2019 owing to increasing demand of food and feed industry, due to its properties like high water binding and retention, good feed texturiation and provides extended shelf life. According to the International Feed Industry Federation (IFIF) in 2018, commercial feed production has been generated total turnover of over US USD400 billion annually around the globe.
Similarly, cereal starches, starch derivatives and sweeteners segment also increasing at fastest pace owing to surge in the adoption for renewable energy production for increasing the global industrial starch demand around the globe.
Depending on the source type, the global industrial starch market is segmented into Cassava, Corn, Wheat, and Potato. Potato segment has the highest market share owing to its high binding properties. The potato starch is used in the food processing industry as a texturizer, gelling agent, binder, and general thickener. Furthermore the world potato production has also been increased, as per the Food and Agriculture Organization Corporate Statistical Databas, in 2017 global potato production exceeds 388,191,000 tones.
Similarly, the cassava, corn, and wheat segment is also growing at faster pace owing to rising global demand in the food industry for making baked goods, noodles, shredded cheese, snack foods, processed meats, sauces, gravies and soups.
Depending on the application, the global industrial starch is segmented into feed, food industry, cosmetics, paper industry, bio-fuel and biomaterial, pharmaceutical industry and many others. Among this, food industry segment has the highest market share in 2019. This growth is anticipated due rise in global food products demand like bakery products, canned jams and fruits, confectionaries, and commercial caramel around the globe with growing population. According to the UN's Food and Agriculture Organization the global food production demand may increase by 70 percent due to continuously growing population.
Similarly, feed, cosmetics, paper industry, bio-fuel and biomaterial, pharmaceutical industry segment has the highest market share owing to increase in usage of industrial starch for making eco-friendly personal care and bio fuels & biomaterials owing to surge in global population. For instance on 10th December 2019, Nouryon Company had launched natural starch for the personal care market.
By region, the global industrial starch market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America is dominated the global industrial starch market and expected to grow at the highest CAGR during the forecasted period due rising production of corn based starch with presence of advanced technology. According to the U.S. department of agriculture, (USDA), United States has been planted around 92 million of acres with corn in 2019 followed by Asia Pacific.
The Asia-Pacific region is expected to have positive market growth due to the growing rising manufacturing facilities for bioplastics in countries such as China, India, Indonesia, Thailand, Malaysia and the Philippines. Several companies are shifting their manufacturing facilities of biobased industrial starch to Asia Pacific, Middle-East, and Africa region due to the surge in huge population demand. Asia Pacific region is the major production hub for various industries including packaging, bioplastics, chemical and automobile. Most of the key players has developed the bio-plastic with the help of industrial starch. For instance, Cargill Company has been developed bioplastic extracted from Wheat-Based starch for packaging ingredients with name C*iBond 25957. According to the U.S. department of agriculture, (USDA), Asia pacific region has produced around 45 percent of world's bioplastics in 2019 due to surge in demand with rising population. At the same time, production in the Americas has also increased.
The global Industrial Starch market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Cargill, Roquette Freres, The Tereos Group, Altia Industrial Services, Royal Cosun, BASF, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, and AGRANA Beteiligungs-AG are the leading market players with significant market share.
Major players are receiving launching new technology advanced industrial starch for energy sector. For instance, on 26th July 2018 in collaboration between Archer Daniels Midland and Vedan Company had launched maltodextrin ingredients and tapioca starches. These starches have significant use in the production of sauces, ice cream, yoghurts, soups, dressings, bakery products, bakery fillings, and beverages.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing technology usage in in the manufacturing of industrial starch. For instance, on 13th March 2019, Cargill and Archer Daniels Midland Company have been successfully completed 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 single digital platform without any cost.
*The global Industrial Starch market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.