Global Starch Syrup Market Overview:
Starch syrup is a syrup made from the hydrolysis of starch. Corn is majorly used as a source. The rising popularity of beverages and functional foods across the globe is one of the major factor driving the growth of the market. Moreover, an increasing number of government policies to promote natural ingredients is expected to open new avenues for manufacturers during the forecast period.
As per latest study released by AMA Research, the Global Starch Syrup market is expected to see growth rate of 3.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (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 |
Influencing Trend:
Increasing Adoption of Flavored Syrup
Market Growth Drivers:
The Rising Popularity of Beverages and Functional Foods across the Globe and Functional Properties of Starch and Their Ease of Incorporation in a Wide Range of Food Applications
Challenges:
Presence of Large Number of Market players
Restraints:
Fluctuations in Raw Material Prices and High R&D Cost
Opportunities:
Increasing Number of Government Policies to Promote Natural Ingredients
Competitive Landscape:
Market players are focusing on providing starch syrup with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified starch syrup. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market.
Some of the key players profiled in the report are Tate & Lyle PLC (United Kingdom), KASYAP (India), Aston (Russia), Cargill Inc. (United States), Tongaat Hulett Starch (South Africa), Tereos (France), MANILDRA Group (Australia), Gulshan Polyols Ltd. (India), Egyptian Starch and Glucose (Egypt) and Corn Products International (United States). Additionally, following companies can also be profiled that are part of our coverage like COFCO Rongshi Bio-technology (China), Global Sweeteners Holdings Limited (Hong Kong), Luzhou Bio-chem Technology (Singapore), Xiwang Sugar Holdings Company (China), Ingredion Incorporated (United States), Grain Processing Corporation (United States) and Karo Syrups (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Starch Syrup market by 2030. Considering Market by Form, the sub-segment i.e. Liquid will boost the Starch Syrup market.
Latest Market Insights:
In 2020, Cargill South American Holdings has acquired Ledesma’s total interest in Glucovil Argentina. Glucovil Argentina is a corn milling and starch producing company with operations in Argentina’s central San Luis province. This acquisition is representing 30% of shares and votes of the company. This transaction was valued at USD 34.3 million. With this acquisition, company is becoming the only shareholder of Glucovil Argentina.
In 2020, Cargill has invested in USD100 million in its sweetener plant which is situated at , PT. Sorini Agro Asia Corporindo, in Pandaan. This plant is mainly to build corn wet mill and add a starch dryer for offering corn-based starches, sweeteners and animal feed ingredients. With an enhanced product portfolio and substantially more production capacity, company has positioned to support growth plans. This investment also demonstrates the commitment to grow across Southeast Asian region with wide reach across local economy.
What Can be Explored with the Starch Syrup Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Starch Syrup Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Starch Syrup
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Starch Syrup market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Starch Syrup market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Starch Syrup Manufacturers, Starch Syrup Raw Material Suppliers, Starch Syrup Traders/Distributors, Starch Syrup Importer/Exporter, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.