Global Food Starch Market - Growth, Trends, and Forecast (2017 - 2022)
|出版商||Mordor Intelligence LLP||商品編碼||458466|
|出版日期||內容資訊||英文 145 Pages
|食用澱粉的全球市場:市場趨勢、市場成長預測 Global Food Starch Market - Growth, Trends, and Forecast (2017 - 2022)|
|出版日期: 2017年02月01日||內容資訊: 英文 145 Pages||
The starch market is poised to register a CAGR of 5.85%, to reach USD XX billion by the end of 2022. The market is competitive and driven by an increase in the trend of "health and wellness" and growing consumer demand for all natural ingredients.
The rising demand for weight management ingredients or foods and functionally diverse ingredients is driving the market. These factors are highly impactful all through and are expected to drive the market at a medium pace during the forecast period. Increasing advancements in the technology of microencapsulation has widened the options for starch industry, which is projected to have a high impact in the coming years.
The increasing prices of agricultural commodities are highly impacting the prices of the final product, which is a major drawback for the market growth. The demand for starch from other industries, such as cosmetics, animal feed, and chemicals, is lagging the market. However, the rising demand for processed and convenience foods has opened the gates for the market. In addition, the emerging trend of "clean label ingredients" has also triggered the market and is expected to continue the impact throughout the forecast period.
Increase in the working hours and busy lifestyles have highly triggered the growth of convenience foods; this trend is expected to witness a higher growth rate in the next six to seven years. Thus, the consumption of convenience foods is increasing and so is the demand for starches used in the processing of a variety of these products. The impact of this factor is anticipated to be high throughout the forecast period.
The market has been segmented by product (native, modified, starch derivatives), source (maize, wheat, potato, others), application (beverages, baked goods, confectionery, dairy products, processed foods) and region (North America, South America, Europe, the Middle East & Africa and Asia-Pacific).
Native and modified starches are used as thickeners, binders, and stabilizers in the food & beverage industry. Due to their functional properties, they are considered as indispensable ingredients in the industry. Some of their key functions include the prevention of undesired hydration, rendering the desired texture and mouth feel, shelf-life extension and encapsulation of other ingredients.
Globally, maize has been the most preferred raw material for starch production. In the United States, more than 90% of the starch is manufactured from maize. Asia-Pacific also follows suit and depends significantly on maize for the manufacture of starch. Maize is used considerably in Europe as well, although the dependence is lesser compared to other global markets. This is mainly because wheat and potato are significantly used as raw material sources to meet the starch requirements in Europe.
Cargill Incorporated, Ingredion, Tate & Lyle - Tereos Syral, Roquette Freres SA are the major companies leading the market. New entrants are rare, due to high initial costs and market saturation. Companies are participating in this market with the focus on establishing themselves as manufacturers of health and wellness ingredients. The major competitive factors in the native and modified starches market are price, product customization, and customer service.
Some of the key players are: