Industrial Starch Market

The global industrial starch market is projected to grow from USD 72.51 billion in 2016 to USD 106.64 billion by 2022, at a CAGR of 6.64% during the forecast period. The increasing demand for convenience food and multiple functionalities of starch, starch derivatives, and sweeteners in a diverse range of end-use industries are the key factors driving the growth of this market.

Starch is a carbohydrate that is extracted from agricultural raw materials, such as corn, wheat, potato, and cassava and is used in numerous food and non-food applications. It is used as a major ingredient in food & beverage, feed, and other end-user industries such as corrugating & paper making, textile, pharmaceutical, personal care, and construction & building materials due to various functionalities such as thickening, binding, sizing, film forming, coating, and stabilizing. Starch is divided into three types, namely, native starch and starch derivatives & sweeteners.

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Industrial starch applications in food & beverage, feed, and other applications to drive the growth of the industrial starch market

Food & beverage

Starch and its derivatives find application in various food applications such as confectionery, processed food, beverages, and others. Native starches are generally used for providing food products the required consistency, texture, and stability. However, these starches are chemically treated to create modified starches for application in a range of food products. Modified starches find increasing applications in food systems, where native starches have not been able to deliver the desired performance.

Feed

In comparison to the food and non-food markets for starch, the feed market for starch is relatively small. While modified and native starches are used as thickeners and binders in feed, other starch derivatives act as a source of fiber and for coloring and sweetening applications in pet food. Pregelatinized and high-amylose starch has useful binding properties and is used in pelletizing and extrusion processes. The use of starch derivatives remains high as it provides features such as enhanced digestibility of feed and protecting the liver functions of livestock.

Other Applications

Besides food and feed industries, the starch, its derivatives, and sweeteners find application in various other industries such as corrugation & paper making, pharmaceutical, textile, cosmetics, mining & drilling, construction & building materials, and chemical. The use of starch in these industrial applications is based on the need for specific functionality and properties among final products.

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High R&D costs associated with the extraction and manufacture of starch derivatives are restraining the market growth. The extraction of starch derivatives from new natural sources for physical and chemical applications in various industries, such as food & beverage, paper, and pharmaceutical has become a challenge for manufacturers. Further, advancements in research have resulted in clinical recommendations with regards to the safe use of starch derivatives in various industrial applications. The use of starch in processed and convenience foods can contribute positively to the health and wellness of the general population in terms of fat substitution and replacing synthetic additives such as emulsifiers. Starch derivatives and their benefits have gained recognition in Europe and North America; hence, manufacturers and marketers are producing and distributing a wide range of starch derivatives & sweeteners for food and non-food applications, with an increased emphasis on the R&D activities. However, more investments are required to support the R&D activities, restraining the growth of this market.

The key players in this market are Cargill, Incorporated (US), Archer Daniels Midland Company (US), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (US), Roquette Frères (France), Tereos Group (France), Royal Cosun (Netherlands), and Altia Industrial Services (Finland). These companies have predominantly adopted new product launches as a growth strategy. In addition, other strategies adopted by these companies include expansions & investments, mergers & acquisitions, and joint ventures & agreements to increase their market share.