Industry Background:
Food starch refers to a type of carbohydrate that is commonly used in the food industry for its thickening, stabilizing, and texture-enhancing properties. It is derived from various sources, including corn, wheat, tapioca, and potato. Food starch plays a vital role in a wide range of food products, offering functional benefits and contributing to their desired characteristics. The food starch market has experienced steady growth over the years, driven by factors such as increasing demand for convenience foods, expanding food processing industry, and rising consumer preference for natural and clean-label ingredients. Additionally, the growing awareness of gluten-free and non-GMO products has influenced the demand for alternative starch sources.
According to AMA Research, the market for Food Starch is expected to register a CAGR of 5.6% during the forecast period to 2030. This growth is primarily driven by Food Starch provides desired textures, improves stability, and enhances overall sensory attributes
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill (United States), Avebe (Netherlands), Ingredion (United States), Emsland Group (Germany), Tate and Lyle (London), BENEO (Singapore), Roquette Frères (France), AGRANA Beteiligungs-AG (Austria), SPAC Starch Products (India) Limited (India) and Sonish Starch Technology Co., Ltd. (Thailand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2022, Grain Processing Corporation (GPC), a subsidiary of KENT Corporation, acquired Natural Products, Inc. (NPI). Grain Processing Corporation (GPC) is strengthening its commitment to sustainable quality food production through the acquisition of Natural Products, Inc. (NPI). This strategic acquisition allows GPC to expand its portfolio of products, reinforcing its dedication to feeding the growing global population.
In July 2023, Brenntag, a leading global distributor of chemicals and ingredients, formed a strategic partnership with Coöperatie Koninklijke Avebe U.A. Royal Avebe is an international farmer cooperative that specializes in the production of potato starch and potato protein. Their product applications span various industries, including food, animal nutrition, and the construction industry.The food starch market features a highly competitive landscape with numerous players vying for market share. Companies in this industry are engaged in the production, distribution, and supply of various types of food starch. These players strive to differentiate themselves through factors such as product quality, innovation, pricing strategies, customer service, and geographic presence. The competitive landscape is characterized by continuous research and development activities aimed at improving the functionality, stability, and sustainability of food starch. Additionally, market players often focus on meeting evolving consumer demands for clean-label, natural, gluten-free, and non-GMO food starch options. Overall, the competitive nature of the food starch market drives industry participants to constantly innovate and enhance their offerings to maintain a strong position in the market.
Influencing Trend:
Consumers are increasingly seeking food products with clean labels and natural ingredients and The rise of plant-based diets and the growing interest in vegan products have influenced the food starch market
Market Growth Drivers:
Food Starch provides desired textures, improves stability, and enhances overall sensory attributes and Growing preference for gluten-free diets has driven the demand for gluten-free food starch alternatives
Challenges:
Changing consumer preferences and demands can pose challenges for the food starch market
Restraints:
The prices of raw materials used for starch production can be volatile and subject to various factors
Opportunities:
Manufacturers can capitalize on this trend by offering natural and clean-label starch options that meet consumer expectations and Manufacturers can invest in R&D to create starches that offer specific benefits, such as improved texture, stability, or health attributes
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Food Starch Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Food Starch Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Food Starch players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Food Starch Study Sheds Light on
The Food Starch Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Food Starch industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Food Starch industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.