Industrial Starches Market Size (2024 - 2029)

The industrial starch market is experiencing growth driven by the increasing demand for processed and convenience foods, which utilize starch extensively. This market expansion is further supported by the rising need for modified starches within the rapidly evolving food industry, where they provide functional benefits across various food categories. The diverse applications of starches, including native and modified forms, malt dextrin, and starch-based sugars, are expanding, particularly in the beverage, confectionery, pharmaceutical, and fermentation sectors, contributing to the overall market growth.

Market Size of Industrial Starches Industry

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Industrial Starches Market Summary
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

Industrial Starches Market 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 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
Europe
Spain
United Kingdom
Germany
Russia
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa
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Industrial Starches Market Size Summary

The industrial starch market is poised for significant growth, driven by its extensive applications across various industries. Starch, a carbohydrate derived from agricultural raw materials, is increasingly utilized in both food and non-food products. The market is experiencing heightened demand due to the global economic recovery and the rising consumption of processed and convenience foods. Modified starches, in particular, are gaining traction within the food industry for their functional benefits in products such as baked goods, snacks, and beverages. The versatility of starches, including native and modified varieties, malt dextrin, and starch-based sugars, is expanding their use in sectors like beverages, confectionery, pharmaceuticals, and fermentation. Corn starch, known for its textural properties, is especially sought after in the dairy and beverage industries and is pivotal in developing gluten-free products, a growing trend influenced by clean-label demands.

Regionally, North America leads the industrial starch market, with the United States being a major corn producer, supporting the starch production industry. The market's focus on gluten-free products is bolstered by stringent U.S. regulations on gluten-free labeling, favoring corn and potato-derived starches over wheat-based ones. The Canadian market is also expanding, driven by consumer preferences for healthier, cleaner ingredients. The industrial starch market is highly competitive, with numerous local, regional, and international players like Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle PLC, and The Tereos Group. These companies are actively pursuing expansion, product innovation, and strategic partnerships to enhance their market presence. Recent developments include Ingredion's launch of sustainable barrier starches in North America and Cargill's expansion of specialty tapioca starch offerings in the Asia-Pacific region, highlighting the industry's dynamic nature and ongoing evolution.

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Industrial Starches Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Native

      2. 2.1.2 Starch Derivatives & Sweeteners

    2. 2.2 By Source

      1. 2.2.1 Corn

      2. 2.2.2 Wheat

      3. 2.2.3 Cassava

      4. 2.2.4 Potato

      5. 2.2.5 Other Sources

    3. 2.3 By Application

      1. 2.3.1 Food

      2. 2.3.2 Feed

      3. 2.3.3 Paper Industry

      4. 2.3.4 Pharmaceutical Industry

      5. 2.3.5 Other Applications

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Spain

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 Germany

        4. 2.4.2.4 Russia

        5. 2.4.2.5 France

        6. 2.4.2.6 Italy

        7. 2.4.2.7 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 United Arab Emirates

        3. 2.4.5.3 Rest of Middle East and Africa

Industrial Starches Market Size FAQs

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.

In 2024, the Industrial Starches Market size is expected to reach USD 57.21 billion.

Industrial Starch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)