Industrial Starch Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 57.21 Billion |
| Market Size (2029) | USD 74.41 Billion |
| CAGR (2024 - 2029) | 5.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Starch Market Analysis
The Industrial Starches Market size is estimated at USD 57.21 billion in 2024, and is expected to reach USD 74.41 billion by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).
Starch is a carbohydrate extracted from agricultural raw materials, which finds applications in many everyday food and non-food products. Industrial starches are derived from various sources, including corn, potato, wheat, and other sources. With the global economy gradually improving and resulting in an increased intake of processed and convenience foods, the market for industrial starch, which finds substantial usage in these food applications, is finding increased demand, thereby driving the overall market.
The demand for modified starches is increasing in parallel with the rapid development of the food industry. Modified starches offer many functional benefits to various foods, such as bakeries, snacks, beverages, and nutritional foods. Currently, a wide range of starches are available in the market, studied in the form of native starches, modified starches, malt dextrin, starch-based sugars, and others. These starches have expanding applications, primarily in the beverage and confectionery industries and the pharmaceutical and fermentation industries, among others, driving the market.
Industrial Starch Market Trends
This section covers the major market trends shaping the Industrial Starches Market according to our research experts:
Corn as one of the Prominent Source of Industrial Starch
Starch derived from corn is in high demand because of its textural properties, especially as a thickening agent in industries such as dairy and beverages. The ingredient also gains an edge in the development of gluten-free products, which is a challenge for starch sourced from wheat, considering the potential remains of traces during extraction. The trend of clean-label ingredients and products is drastically impacting the global food and beverage industry. Moreover, the rapid expansion of the food processing industry offers a significant opportunity for ingredient manufacturers to adopt strategic measures to cater to the growing demand. When it comes to non-food applications, the paper industry utilizes corn starch as a filler and sizing material. It also finds applications in the textile, laundry, foundry, air flotation, and adhesive industries. The wide applications of corn starch in various industries drive market growth.
North America Holds a Major Share in the Industrial Starches Market
With a highly developed food industry utilizing all ingredients, North America occupies the pole position in the Industrial Starches Market by region. Globally, the United States is the largest producer of corn, with a production of 383.94 million metric tons in 2021-2022, which is utilized in various application areas, including starch production. The market is significantly inclined toward the consumption of gluten-free food, supported by the country's government with its stringent regulations regarding product labeling of gluten-free ingredients. Thus, most modified food starches in the United States are gluten-free and derived from corn, waxy maize, and potatoes. Consequently, the wheat-sourced starches amount to a lower share of the market. The Canadian industrial starches market is growing rapidly, owing to rising consumer demand for healthy and cleaner ingredients. Light-colored applications with subtle flavors especially drive the demand for native starches in the country. Local manufacturers are using it in processed food products, aiding in maintaining the product's appeal.
Industrial Starch Industry Overview
The industrial starch market is highly fragmented, with many local, regional, and international players competing for market share. Some of the major players in the market are Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle PLC, and The Tereos Group. Companies adopt major strategies for expansion, new product launches, and innovations to strengthen their business. The strategy of forming new agreements and partnerships with local players helped the companies increase their footprint in foreign countries and release new products according to the industrial requirements preferences and leverage the expertise of these small regional companies.
Industrial Starch Market Leaders
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AGRANA Beteiligungs-AG
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Archer Daniels Midland Company
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The Tereos Group
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Tate & Lyle
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Cargill Incorporated
*Disclaimer: Major Players sorted in no particular order
Industrial Starch Market News
- In November 2021, Ingredion launched sustainable barrier starch-FILMKOTE 2030 for high-performing oil and grease resistance in food service packaging in the United States and Canada. This helps manufacturers to replace fluorochemicals with a sustainable alternative.
- In April 2021, Cargill Inc. announced its plans to expand its specialty tapioca starch offerings for the Asia Pacific region. Cargill partnered with Starpro, the food-grade tapioca starch producer in Thailand. With this, it plans to expand in the Asia-Pacific region in order to support the product processing requirements of food manufacturers and the expectations of consumers.
- In January 2021, Tate & Lyle, a global provider of food and beverage solutions and ingredients, announced the expansion of its line of tapioca-based starches. The expansion includes the launch of new REZISTA MAX thickening starches and BRIOGEL gelling starches.
Industrial Starch Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Native
- 5.1.2 Starch Derivatives & Sweeteners
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5.2 By Source
- 5.2.1 Corn
- 5.2.2 Wheat
- 5.2.3 Cassava
- 5.2.4 Potato
- 5.2.5 Other Sources
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5.3 By Application
- 5.3.1 Food
- 5.3.2 Feed
- 5.3.3 Paper Industry
- 5.3.4 Pharmaceutical Industry
- 5.3.5 Other Applications
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Spain
- 5.4.2.2 United Kingdom
- 5.4.2.3 Germany
- 5.4.2.4 Russia
- 5.4.2.5 France
- 5.4.2.6 Italy
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 South Africa
- 5.4.5.2 United Arab Emirates
- 5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Cargill Incorporated
- 6.3.2 Archer Daniels Midland Company
- 6.3.3 Ingredion Incorporated
- 6.3.4 Tate & Lyle PLC
- 6.3.5 Agrana Beteiligungs AG
- 6.3.6 Kent Nutrition Group Inc. (Grain Processing Corp.)
- 6.3.7 The Tereos Group
- 6.3.8 Cooperatie Koninklijke Cosun UA
- 6.3.9 Altia PLC
- 6.3.10 Angel Starch and Food Pvt. Ltd
- 6.3.11 Manildra Group
- 6.3.12 Japan Corn Starch Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
Industrial Starch Industry Segmentation
Industrial starch is derived from various natural sources such as wheat, corn, cassava, potato, and other sources. Industrial starch is extensively used in the paper industry during the manufacturing and coating process. The global industrial starch market is segmented by type into native and starch derivatives and sweeteners. Based on source, the market is segmented into corn, wheat, cassava, potato, and other sources. The market is segmented by application into food and beverage, feed, paper, pharmaceutical, and other applications. Also, the report provides global insights into the industrial starches market in the major economies across regions, including North America, Europe, Asia-Pacific, South America, Middle East and Africa. For each segment, the market sizing and forecasting have been done in value terms of USD million.
| By Type | Native | |
| Starch Derivatives & Sweeteners | ||
| By Source | Corn | |
| Wheat | ||
| Cassava | ||
| Potato | ||
| Other Sources | ||
| By Application | Food | |
| Feed | ||
| Paper Industry | ||
| Pharmaceutical Industry | ||
| Other Applications | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| Russia | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle East and Africa |
Industrial Starch Market Research FAQs
How big is the Industrial Starches Market?
The Industrial Starches Market size is expected to reach USD 57.21 billion in 2024 and grow at a CAGR of 5.40% to reach USD 74.41 billion by 2029.
What is the current Industrial Starches Market size?
In 2024, the Industrial Starches Market size is expected to reach USD 57.21 billion.
Who are the key players in Industrial Starches Market?
AGRANA Beteiligungs-AG, Archer Daniels Midland Company, The Tereos Group, Tate & Lyle and Cargill Incorporated are the major companies operating in the Industrial Starches Market.
Which is the fastest growing region in Industrial Starches Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Industrial Starches Market?
In 2024, the North America accounts for the largest market share in Industrial Starches Market.
What years does this Industrial Starches Market cover, and what was the market size in 2023?
In 2023, the Industrial Starches Market size was estimated at USD 54.28 billion. The report covers the Industrial Starches Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Starches Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Industrial Starch Industry Report
Statistics for the 2024 Industrial Starch market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Starch analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
