Global Thin Boiling Starch Market Forecast 2023-2032: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global thin boiling starch market is on a trajectory of substantial growth, driven by key factors such as increasing demand from the food and beverage industry and product innovations. According to recent projections, the market is expected to reach $13.74 billion in 2023, with a compound annual growth rate (CAGR) of 4.48%. Let’s delve into the driving forces and trends shaping this dynamic industry.
- Growing Demand from the Food and Beverage Industry:
- The food and beverage industry plays a pivotal role in propelling the thin boiling starch market forward.
- Thin boiling starches find versatile applications in thickening, stabilizing emulsions, and enhancing the texture of various food products.
- Global food and beverage sales were $506 billion in 2022, projected to reach $857 billion by 2025, highlighting the robust growth in the sector.
- In 2021, food and beverage sales in Sweden increased by 2.9%, reaching $30.74 billion (SEK 334 billion), a substantial rise from the previous year.
- Key Players Driving the Market:
- Major players in the thin boiling starch market include Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and Tereos SCA, among others.
- The presence of these industry giants emphasizes the competitive landscape and potential for market expansion.
- Product Innovations:
- Product innovation stands out as a key trend shaping the thin boiling starch market.
- Companies like Ingredion Inc. are at the forefront, introducing groundbreaking products to maintain market dominance.
- In March 2021, Ingredion Inc. launched ULTRA-TEX 1311 modified potato starch, offering benefits such as improved clarity, reduced processing times, and freeze-thaw stability.
- This innovative ingredient has transformative potential, especially in dairy, bakery, and confectionery applications.
- Market Segmentation: The global thin boiling starch market is segmented based on various factors, providing a comprehensive view of the industry landscape.
- a) By Product:
- Potato Starch
- Maize Starch
- Wheat Starch
- Other Products
- b) By Form:
- c) By Application:
- Food And Beverages
- Paper And Packaging
- Personal Care
- Other Applications
- Regional Dominance:
- North America emerged as the largest region in the thin boiling starch market in 2022, showcasing the region’s significant contribution to market growth.
View More On The Thin Boiling Starch Market Report 2023 – https://www.thebusinessresearchcompany.com/report/thin-boiling-starch-global-market-report
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The Thin Boiling Starch Global Market Report 2023 provides comprehensive insights on the thin boiling starch market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the thin boiling starch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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