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2020

Food Starch Market

Food Starch Market Size, Share, Competitive Landscape and Trend Analysis Report by Raw Material (Maize, Wheat, and Others) Type (Modified Starch, Native Starch, and Sweeteners), and End User (Business to Business and Business to Consumer): Global Opportunity Analysis and Industry Forecast, 2019-2026

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Author's: Himanshu Vig | Roshan Deshmukh
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The food starch market size was valued at $18.9 billion in 2018, and is projected to reach $29.1 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026. The sweetener segment led in terms of food starch market share in 2018, and is expected to retain its dominance throughout the forecast period.

The global food and beverage (F&B) market has witnessed robust growth in the last few years driven by the innovation in the food system, improved logistics, increase in affordability, rise in global trade, and increase in consumer spending. Furthermore, the demand for convenience foods has increased multifold, owing to consumer preference toward ready-to-eat, cost-effective food. Furthermore, recent years have seen expansion of food processing industry. Widespread expansion of food processing industry has positively impacted demand for food starch. The next few years is expected to experience robust demand for food starch from developing countries of Asia-Pacific, Latin America, and Africa regions.

Food Starch Market

The global food & beverage industry has witnessed upsurge in demand for clean label ingredients. According to AMR analysis, more than 60% Americans consider natural products as “better” and more than 51% are actively seeking for natural ingredients in their food products while making food purchase decisions. To cater to the growing demand for clean label ingredients, engaged stakeholders in the industry are now venturing for the production of clean label starch. For instance, Beneo-Remy developed natural, native, and clean-label starch having performance comparable to chemically modified starches. Similarly, Cargill has started production of clean-label starch, and is actively market the same through SimPure brand. The trend for clean label is expected to garner wide traction form the end users, and hence provides remunerative opportunities for the engaged payers in the food starch industry.

Segment Review

The global food starch market is segmented into raw material, type, end user, and region. On the basis of raw material, the global market is segregated into maize, wheat, and others. By type the global food starch market is segmented into modified starch, native starch, and sweeteners. Depending on end user, it is bifurcated into business to business and business to consumer. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA 

By raw material, the maize segment led the market, in terms of global demand; however, the others segment is poised to grow with highest CAGR during the forecast period. Cassava starch is extensively used in Asia-Pacific region, owing to the fact that in comparison with its alternatives, cassava is a relatively an economical raw material containing a high concentration of starch. In addition, low residuals in tapioca starch along with its appetizing properties have resulted in widespread adoption of tapioca in the food & beverage industry, which is expected to offer remunerative opportunities for market growth.

Food Starch Market
By Raw Material
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Others segment would exhibit the highest CAGR of 7.6% during 2019-2026.

On the basis of type, the sweeteners segment dominated the market; however, the modified starch segment is poised to grow with highest CAGR in the near future. This is attributed to the fact that modification of starch is done to enhance its performance according to the requirements of its application. Starch is modified to increase its stability; resistance against acid, excessive heat, freezing, or cooling; and to modulate its viscosity. In addition, it is modified to change its texture or to increase its visco-stability or to shorten or lengthen gelatinization time 

Food Starch Market
By Type
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Modified Starch segment would exhibit the highest CAGR of 6.9% during 2019-2026.

On the basis of end user, the business to business segment led the global food starch market; however, the business to consumer channel is expected continue to grow with robust CAGR during the forecast period. 

Food Starch Market
By End User
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Business to Consumer segment would exhibit the highest CAGR of 6.9% during 2019-2026.

Region wise, Asia Pacific leads in terms of consumption, and is estimated to grow with highest CAGR during the forecast period.

Food Starch Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit the highest CAGR of 7.0% during 2019-2026.

The report focuses on the growth prospects, restraints, and opportunities of the global food starch market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the market.

Some of the key players in the food starch market analysis include ADM, Cargill, Ingredion, Tate and Lyle, BENEO, Roquette Frères, AGRANA Beteiligungs-AG, SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., and Nutrend Biotech Co., Ltd. 

Key Benefits for Stakeholders:

  • The food starch report provides an extensive analysis of the current and emerging trends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the current food starch market trends and future estimations that help evaluate the prevailing market opportunities in the market.
  • Food starch market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • The food starch market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Food Starch Market Report Highlights

Aspects Details
Food Starch Market By Row Material
By Row Material
  • Maize
  • Wheat
  • Others
Food Starch Market By Type
By Type
  • Modified Starch
  • Native Starch
  • Sweeteners
Food Starch Market By End User
By End User
  • Business to Business
  • Business to Consumer
Food Starch Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, ASEAN, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Ingredion Incorporated, Starch Products (India) Limited, Sonish Starch Technology Co., Ltd. (SNST), BENEO GmbH, Agrana Beteiligungs AG, Archer-Daniels-Midland Company (ADM), Nutrend Biotech Co., Ltd., CARGILL INC., TATE & LYLE PLC. (TATE & LYLE), Roquette Freres SA

Analyst Review

Globally, a change in consumer lifestyle has been witnessed, which reduces the time for planning & preparing meals. Food preparation at home is considered as a time-consuming process, owing to increase in female workforce, long working hours, and rise in consumer income. Moreover, change in eating habits and busy lifestyle are increasing the consumption for convenience food, which, in turn, is anticipated to drive the growth of the global food starch market.

Corn and wheat were traditionally considered as the major raw materials for the production of starch; however, pea starch has gained wide traction in the last few years for the manufacturing of food starch. This is attributed to the fact that pea starch acts as a rich source of amylose. Furthermore, it has better thickening and gelling properties as compared to its counterparts. In addition, it has higher temperature & acid resistance as well as enhanced shear stability. Furthermore, starch is now been extracted from rice, as rice starch possesses superior freeze thaw stability. Thus, according to the top-level CXOs, expanding raw material base is anticipated to provide flexibility for the manufacturers in terms of verities in the starches and reduces dependency on limited number of crops.

Author Name(s) : Himanshu Vig | Roshan Deshmukh
Frequently Asked Questions?

The global food starch market is poised to grow with a CAGR of 5.8% during the forecast period.

The global food starch market is valued at $19.6 billion in 2019 and is estimated to reach $29.1 billion by the end of 2026.

Some of the leading manufacturers of food starch are ADM, Cargill, Ingredion, Tate and Lyle, BENEO, Roquette Frères, AGRANA Beteiligungs-AG, SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., and Nutrend Biotech Co., Ltd.

The trend for clean label starch is likely to garner wide attraction form the end users in the upcoming years.

The growth of the global food starch market is expected to be driven by expansion of the food processing and food service industries. Furthermore, increasing demand for resistant starch to provide remunerative opportunities for the engagged stakeholders.

Availability of multiple cost-effective and better performing substitutes is expected to hinder market expansion in the years to come by.

Emerging countries in food starch market such as India is poised to grow at a CAGR of 8.6% during the forecast period.

The global food starch market is likely to growth with steady pace amidst expanding food and beverage industry and introduction of modified starch which have better heat, temperature, pH, and rheological resistance. However, presence of alternatives such as carboxymethyl cellulose and xanthan gum to challenge market expansion.

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Food Starch Market

Global Opportunity Analysis and Industry Forecast, 2019-2026