“Latest Market Overview for Industrial Starches Market Research Report 2018-2023 with CAGR 3.5%
Global Industrial Starches Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Industrial Starches market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Archer Daniels Midland Company
- Ingredion Incorporated
- Tate & Lyle PLC
- Agrana Beteiligungs-AG
- Grain Processing Corporation
- Roquette Frères
- The Tereos Group
- Royal Cosun
- Altia Industrial Services
- Grain Processing Corporation
- Manildra Group
- Universal Starch Chem Allied Ltd.
- GreenTech Industries Ltd.
- AMYLCO Group of Companies
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Description of Industrial Starches Market: The global industrial starch market size was estimated to be USD 103.5 billion in 2023 and is anticipated to witness a CAGR of 3.5% from 2018 to 2023 (forecast period). The global industrial starches market has high potential for growth due to the multiple functionalities of starch, starch derivatives & sweeteners in a diverse range of end-user industries.
The extensive range of applications in various industries acts as a driver for industrial starches. Industrial starches are largely used as adhesives in paper and packaging material manufacturing, etc. Growing demand for starch is mainly due to its use in the coating of papers as one of the binders. Coated paper from starch has enhanced smoothness, whiteness, stability, and hence, improves the printing quality, which has boosted the sales of industrial starches. The growing demand for industrial starches as food additives, such as thickeners, are also responsible for the growth of the market.
The global industrial starch market is segmented, by type, into native starch and starch derivatives & sweeteners. The market for starch derivatives & sweeteners dominated in 2018, with the largest share, in terms of volume consumption. The market for native starch is projected to grow at a stable rate, owing to the maturity of its industrial applications.
By source, the industrial starch market in segmented into corn, wheat, cassava, and others. The market for corn was the largest in 2018. The production of cornstarch has increased tremendously owing to its multiple functionalities, such as thickening and adhesion. It is used in food, corrugation & paper making, textiles, etc. Applications, like pharmaceutical, cosmetics, and corrugation & paper making, collectively, accounted as the fastest-growing segment of the industrial starch market.
The industrial starch market, by form, was dominated by liquid form, and is also projected to be the fastest-growing segment. This is due to the wide use of sweeteners, such as maltodextrin and glucose syrups, in the liquid form. Native starch is found in dry form, while starch derivatives, mainly, sweeteners, are largely produced in liquid form. Modified starches are largely produced in dry form.
The industrial starch market is segmented by region into North America, Europe, Asia-Pacific, South America, and Africa. In Asia-Pacific, China has the major market share, followed by India. Asia-Pacific has a dominant position due to the increasing consumption of starch, its derivatives, and sweeteners. Moreover, due to fewer raw materials and production costs, along with less rigid environment regulations, Asia-Pacific is in a better position to produce starch at more competitive prices than developed countries of Europe and North America.
MAJOR PLAYERS: CARGILL, ARCHER DANIELS MIDLAND COMPANY, INGREDION INCORPORATED, TATE & LYLE PLC, AGRANA BETEILIGUNGS-AG, GRAIN PROCESSING CORPORATION, ROQUETTE FRÈRES, THE TEREOS GROUP, ROYAL COSUN, ALTIA INDUSTRIAL SERVICES, GRAIN PROCESSING CORPORATION, MANILDRA GROUP, UNIVERSAL STARCH CHEM ALLIED LTD., GREENTECH INDUSTRIES LTD. and AMYLCO GROUP OF COMPANIES, amongst others.
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The Global demand for Industrial Starches Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Following market aspects are enfolded in Global Industrial Starches Market Report:
- A wide summarization of the Global Industrial Starches Market.
- The present and forecasted regional market size data based on applications, types, and regions.
- Market trends, drivers and challenges for the Global Industrial Starches Market.
- Analysis of company profiles of Top major players functioning in the market.
Industrial Starches Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Industrial Starches Market players in detail. Industrial Starches Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Which are the important factors that are mentioned in the Industrial Starches Market report 2023?
- Key Market Dynamics: The Global Industrial Starches Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
- Major Growth Prospects:The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
- Key Market Highlights: The report gives us an in-depth Market analysis on some of the Industrial Starches Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Industrial Starches Market of many Industrial Starches Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.