Native Starches Market Trends including Regional Demand, Key Players, and Forecast 2030
Native Starches Market Scope
The native starches market to attain a moderate growth
rate of 4.10 % from 2022 to 2030 (review period).
Major Boosters and Impediments
The global native
starches market trends have been performing significantly well owing to the
broad application range in food as well as non-food industries. The food
industry utilizes native starch as a texture enhancer, thickening agent,
stabiliser, moisture controller and dough binding agent. Exploding world population coupled with the
expanding middle-class population has been favorable for the native starch
industry. In view of consumers’ hectic
schedules along with the surge in disposable incomes, there is heightened
preference for convenient and instant food items. This has resulted in
accelerated market growth for native starch over the years, since it is used
extensively in a lot of processed products including salad dressings, dry mix
soups, spreads, pudding powders and processed meats, to name a few.
The global industry is further boosted by native starch’s
burgeoning applications in the textile sector, where it is used as a colour
thickener, sizing agent, and finishing agent. Adhesive and paper industry are
also rapidly emerging as prominent application areas for native starch. With
growing environment consciousness, manufacturers as well as consumers are now
increasingly utilizing potato and corn starch in place of conventional
plastics. Popularly known as organic bioplastics, native starches are now used
in the manufacturing of disposable cutlery and plates, given their disposable
and sustainable properties.
The global market is filled with a number of local as well
as international players who adopt strategies such as expansions, partnerships,
and product innovations to bolster their standings. However, the most preferred
tactic remains product innovations among the top manufacturers.
Top Companies
Top companies active in the global native starches market
include Roquette Frères (France), Ingredion Incorporated (U.S.), Tate &
Lyle PLC (U.K.), Cargill, Incorporated (U.S.), Grain Processing Corporation
(U.S.), Archer Daniels Midland Company (U.S.), Agrana Beteiligungs-AG
(Austria), to list a few.
These companies frequently undertake competitive strategies
like product innovations and new launches as well as divestments to elevate
their business standing, thereby upping their competitive edge.
Segmental Review
Source, form, and application are the top segments analysed
in the MRFR report, in a bid to present a detailed understanding of the global native
starches market report.
The native starch industry, with respect to source, has been
considered for wheat, corn, potato, cassava, and others.
Forms in which the key product is available on the market
include gel, powder, and more.
Major applications of native starches are in food and
beverages, as well as in non-food applications. The food applications are
beverages, processed food, confectionery, and others. Non-food applications are
personal care, corrugation and papermaking, textiles, pharmaceuticals, and
others, which include construction & building, mining & drilling,
chemicals, animal feed, adhesives, and more. Amplified consumption of
confectionery worldwide will ensure that the food and beverage segment captures
a higher growth rate of 3.94% between 2020 and 2027. Pharmaceuticals (non-food
applications) will be able to procure a growth rate of 3.15%, MRFR experts
suggest.
Regional Insight
Asia Pacific (APAC), Europe, North America, and RoW/rest of
the world) are the major regions mentioned in the MRFR report, in order to
extensively detail the growth prospects of the native starch industry.
Asia Pacific is the market leader and should continue to
thrive during the analysis period, in view of the fact that a large percentage
of native starch is used in the production of ethanol, sweeteners, textiles,
and paper. As a result, the escalating demand for the mentioned products in the
region is bound to create a higher use of native starches in the coming years.
Apart from this, native starch is also used for producing biodegradable polymers
as well as plastics, which should also foster its demand in the region over the
years ahead. Currently, Thailand accounts for the biggest native starches
market trends in the region, while China stands at the second position.
North America is another strong market for native starches,
given the heightened product demand in the cosmetic industry in the region.
Corn is one of the chief sources of native starches, therefore, with the US
being a leading corn producer in the world, has procured the lead in the
region. The US witnesses massive corn yield every year, on account of
favourable weather conditions that induce crop growth.
For instance:
January 2021
Ingredion EMEA has introduced an organic functional instant
native starch that can be ingredient in certain organic products, delivering
optimum quality. Known as NOVATION9460, this organic functional instant native
starch is expected to allow the company to make its foray into the organic food
& beverage industry. It also believes that the native starch will help
address almost every stability and processing challenges generally encountered
by the manufacturers in different applications. It offers rapid viscosity and
allowing optimum control of cake batter’s rheological behavior. It also has
applications in sweet bakery including fruit and cream-based fillings.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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