Product Code: 49037
The global food starch market is projected to grow at a CAGR of 6.35% during the forecast period, 2020-2025.
Key Highlights
- 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 abundance of raw supplies, integrated supply chain, and diversifying usage of starch across end-user industries are few other factors that further boost the market demand across the globe.
- Cereals, particularly bread and breakfast cereals, and potatoes make the major contribution to starch intakes in western diets. Starch intakes are considerably higher in countries dependent on starchy staples to a greater degree, such as China, and Japan.
Impact of COVID-19 on the Market:
Key Highlights
- COVID-19 has resulted in a devastating impact on the starch market in two main ways: by directly affecting production and demand, and by creating supply chain and market disruption.
- However, starch's potential to fight Covid-19 is being recognised by many research studies, which is thereby creating ample room to rebalance the starch industry even in the face of persistent COVID-19 restrictions. For instance, the Yale University collaborated with the University of Michigan and the University of Minnesota and evaluated the efficacy of resistant potato starch in reducing the rates of hospitalisation and improving time to clinical recovery in non-hospitalised COVID-19 patients. The results stated that the resistane potato starch (RPS) has shown to decrease IL-6 in humans, partly through its ability to increase butyrate levels, that reduces ACE2 receptor expression, which is the main entry mechanism for COVID-19 into epithelial lung cells.
Key Market Trends
Modified Starch Holds the Major Share in Food Starch Market
Native and modified starches are used as thickeners, binders, and stabilizers in the food & beverage industry. Due to their functional properties, they are considered indispensable ingredients in the industry. Some of their key functions include the prevention of undesired hydration, rendering the desired texture and mouthfeel, shelf-life extension, and encapsulation of other ingredients. The use of modified starch as a fat replacer is expected to further increase its usage in the future due to the growing trend of consumers giving preference for healthy foods that contain substitutes for fat to increase the nutritive value for food.
North America to Dominate the Market's Growth
Asia-Pacific also follows suit and depends significantly on maize for the manufacture of starch. North America is expected to have the highest market share for the modified starch market globally. The United States is expected to have the highest market share. 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. The European starch industry produces over six hundred products, from native starches to physically or chemically modified starches, through to liquid and solid sweeteners. The United Kingdom is one of the prominent countries that have a high market share in the consumption of starch in the region.
Competitive Landscape
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 major players in the global food starch market are Agrana, Cargill Incorporated, Grain Processing Corporation, National Starch Food Innovation, Roquette Fereres Sa, and, Tate & Lyle - Tereos Syral, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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
- 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
- 5.1 By Type
- 5.1.1 Native Starch
- 5.1.2 Modified Starch
- 5.1.2.1 Oligosaccharides
- 5.1.2.2 Sugar Polyols
- 5.1.2.3 Starch Sugars
- 5.1.3 Starch Derivatives
- 5.2 By Source
- 5.2.1 Corn
- 5.2.2 Wheat
- 5.2.3 Potato
- 5.2.4 Cassava
- 5.2.5 Other Sources
- 5.3 By Application
- 5.3.1 Confectionery
- 5.3.2 Bakery
- 5.3.3 Dairy
- 5.3.4 Beverages
- 5.3.5 Other Food and Beverage Applications
- 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 United Kingdom
- 5.4.2.2 Germany
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Russia
- 5.4.2.6 Spain
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 India
- 5.4.3.3 Japan
- 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 & Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
- 6.4 Company Profiles
- 6.4.1 ADM - Archer Daniels Midland
- 6.4.2 The Agrana Group
- 6.4.3 Royal Avebe U.A
- 6.4.4 BENEO
- 6.4.5 Cargill Incorporated
- 6.4.6 Grain Processing Corporation
- 6.4.7 Ingredion Inc
- 6.4.8 National Starch Food Innovation
- 6.4.9 Roquette Fereres SA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET