Bharatbook announces a report on “Global Industrial Starch Market”. The report provides a picture on the industrial starch market across different applications verticals and regions..
By volume, the industrial starch market projected to grow at a CAGR of 3.80%
The industrial starch market is projected to reach 113.9 MT by 2022 at a CAGR of 3.80% from 2016. In terms of value, the same market is projected to reach USD 106.64 billion by 2022, at a CAGR of 6.64% from 2016. The market is driven by factors such as growth in demand for convenience foods, and multiple functionalities of starch, starch derivatives & sweeteners in a diverse range of end-user industries. High R&D costs and growing gum Arabic market are the major constraints for this market.
Corn is projected to be the largest segment in the industrial starch market by 2022”
The corn segment accounted for the largest market share in the industrial starch market, due to the large production of cornstarch globally, which is used in a diverse range of applications, owing to its multiple functionalities. It is followed by cassava, which is the fastest-growing segment. The development of both, food and non-food applications of cassava starch, has resulted in its growing demand, which is expected to grow further significantly in the next few years.
Food & beverage segment led the market with the largest share in 2015
The food & beverage segment accounted for the largest share of the industrial starch market, by application, in 2015. The dominance of this application can be attributed to the growing significance of varied functionality and continued usage of starch in a diverse range of food & beverage applications.
The liquid form is projected to be the largest and fastest-growing segment by 2022
The industrial starch market, by form, was dominated by the liquid form and is also projected to be the fastest-growing segment. This is attributed to the wide use of sweeteners such as maltodextrin and glucose syrups in the liquid form in a range of food & beverage, pharmaceutical, and personal care applications due to their functionalities such as thickening, bulking, and stabilizing.
Asia-Pacific led the market with the largest share in 2015
Asia-Pacific was the largest industrial starch market in 2015. The growth in this market is driven by the use of starch in varied applications in emerging Asian economies such as China and India. For instance, the consumption of starch in China is nearly half of the global starch consumption. Countries such as China, India, and Thailand are in a better position to produce starch at more competitive prices than the developed countries of Europe and North America, due to the lower raw materials & production costs as well as less stringent environment regulations.
The above-mentioned companies have collectively accounted for the largest portion of the industrial starch market in 2015. Other players also have a strong presence in this market. These players are as follows:
• Grain Processing Company (U.S.)
• Roquette Frères (France)
• The Tereos Group (France)
• Royal Cosun (Netherlands)
• Altia Industrial Services (Finland)
The key players in the industrial starch market adopted new product launches as their key growth strategy to increase their market share and profits. New product launches accounted for the highest percentage of the total developments, followed by expansions & investments.
The report provides a picture on the industrial starch market across different applications verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as source, application, form, type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall industrial starch market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
Related Reports: Agriculture Market Research Reports