The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Rapid Expansion in Recent Years
The industrial starch market has witnessed robust growth, surging from $90.86 billion in 2023 to $98.43 billion in 2024, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 8.3%. This escalation is attributed to the traditional utilization of starch in various industries such as food, paper, and textiles. Global population growth, increased food consumption, demand for convenience foods, and the expansion of the paper and packaging industry have been pivotal factors in this growth.

Anticipated Growth on the Horizon
The momentum in the industrial starch market is expected to persist, with projections reaching $135.67 billion in 2028, boasting a CAGR of 8.4%. This forthcoming surge is credited to several factors, including the adoption of starch-based biofuels, its expansion into non-food industrial applications (adhesives, textiles), and the rising demand for clean label and natural ingredients across various industries. Noteworthy trends in this forecast period encompass clean label and natural starch products, starch-based adhesives, resistant starch for functional foods, and modified starches for enhanced texture and stability.

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Fueling the Market: Rise in Biofuel Demand

• Biofuel Demand Dynamics: The surge in biofuel demand is poised to be a significant catalyst for the industrial starch market. Biofuels, derived from renewable plant and animal materials, are increasingly sought as alternatives to traditional fossil fuels.
• Industrial Starch in Biofuel Production: Industrial starch, acting as a feedstock, plays a crucial role in the production of biofuels, particularly bioethanol. According to the International Energy Agency (IEA), global biofuel demand is projected to grow substantially, further propelling the industrial starch market.

Key Players in the Arena
Major companies contributing to the dynamism of the industrial starch market include:

• Cargill Inc.
• Archer Daniels Midland Company
• Grain Processing Corporation
• Stereos S.A.
• Malinda Group
• Everest Starch India Pvt. Ltd.
• AGRANA Beteiligungs-AG
• Ingredion Inc.
• Kent Nutrition Group Inc.
• Altia PLC
• Angel Starch and Food Pvt. Ltd.
• Japan Corn Starch Co Ltd.
• Karandikars Cashell Private Limited
• Bangkok Starch Industrial Co Ltd.
• Tate & Lyle PLC
• Penford Corporation.
• The cooperative Royal Avebe U.A.
• Beneo GmbH
• Südstärke GmbH
• Universal Starch Chem Allied Ltd.
• Visco Starch Pvt Ltd.
• SPAC Starch Products Limited

Driving Growth: Product Innovation Takes Center Stage

• Innovation Surge: Product innovation is emerging as a pivotal trend, with companies actively developing new solutions to bolster their market presence.
• Ingredion’s Endeavor: In March 2021, Ingredion Incorporated introduced ULTRA-TEX 1311, a modified potato starch catering to various formulations. It finds application in plant-based, low-fat, reduced-fat, and keto-friendly products, showcasing the versatility and adaptability of industrial starch.

Strategic Acquisition to Expand Portfolio

• Tate & Lyle’s Move: In February 2021, Tate & Lyle acquired an 85% stake in Chaodee Modified Starch Co., Ltd., a Thailand-based starch manufacturer. This strategic move is poised to broaden Tate & Lyle’s offering of tapioca-based solutions, aligning with the demand for better-tasting and clean-label foods.

Segmentation for Precision

The industrial starch market is segmented based on:

1. Product:
   • Cationic Starch
   • Ethylated Starch
   • Oxidized Starch
   • Acid Modified Starch
   • Unmodified Starch
2. Source:
   • Corn
   • Wheat
   • Cassava
   • Potato
   • Other Sources
3. Application:
   • Food
   • Feed
   • Paper Industry
   • Pharmaceutical Industry
   • Other Applications

Regional Dynamics

• North America Leads: In 2023, North America emerged as the largest region in the industrial starch market.
• Asia-Pacific’s Ascendancy: The forecast period predicts Asia-Pacific as the fastest-growing region, underlining the region’s burgeoning influence in the industrial starch landscape.

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The Industrial Starch Global Market Report 2024  provides an overview of the industrial starch market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial starch market forecast analyzes industrial starch market size, industrial starch market share, leading competitor and their market positions.

The Table Of Content For The Industrial Starch Market Include:
1. Industrial Starch Market Executive Summary
2. Industrial Starch Market Segments
3. Industrial Starch Market Size And Industrial Starch Market Growth Rate
4. Key Industrial Starch Market Trends
5. Major Industrial Starch Market Drivers
……
25. Key Mergers And Acquisitions In The Industrial Starch Market
26. Top Industrial Starch Companies
27. Industrial Starch Market Opportunities And Strategies
28. Industrial Starch Market, Conclusions And Recommendations
29. Appendix

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