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2021
Starches Market

Starches Market by Type (Native and Modified), Source (Corn, Wheat, Potato, Tapioca, and Others), Application (Food Industry, Industrial, and Pharmaceuticals): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 102 Views
   
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COVID-19

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In terms of collaborating with large-scale manufacturers and acting as contract manufacturers, small-scale mill owners play a significant role. The majority of the market's major players concentrate on R&D in terms of adopting new processing technologies to increase product qualities and expand overall capabilities.
In the food and beverage industry, modified starch products are commonly utilized as emulsifiers, stabilizers, and thickening agents in the manufacturing of bread goods, biscuits, noodles, and other convenience foods.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

  By Type, By Source,  By Application and Region

  Companies Covered

Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères S. A., AGRANA Beteiligungs-AG, Grain Processing Corporation, Beneo GmbH, MGP Ingredients, Inc., Thai Flour Industry Limited, Manildra Group, Gulshan Polyols Ltd

 

COVID-19 Impact Analysis

  • The COVID-19 pandemic is projected to have a significant influence on the MEA starch market's overall supply chain. Due to the commencement of the COVID-19 pandemic, the industrial sector in a number of Middle Eastern countries was temporarily shut down as a result of strict lockdown measures. In addition, transportation and cross-border trade limitations impacted the starch market's supply chain in 2020. The demand for starch has decreased as a result of decreased demand from various end-use sectors. However, trade and transportation limitations in many sectors have been relaxed, and the market is projected to show indications of recovery in the fourth quarter of 2020.

Top Impacting Factors
Consumer Preferences have changed, and have an Impact on Market Growth
Modified starch has become extremely popular in the Middle East and Africa due to starch's weak structural qualities. In addition, demand for modified starch has increased as a result of a growth in focus on upgrading food processing methods, as well as increased knowledge of the benefits of modified starch. Consumer tastes are predicted to have a significant impact on the MEA starch market's growth prospects. The MEA starch market is expected to be directly impacted by the growth in demand for clean label food items. The demand for starch and modified starch is expected to fall in the second half of the forecast period, as consumers in various countries throughout the MEA region are more inclined toward a healthy lifestyle.
Increased R&D to broaden Applications and Drive Demand for Starch
For decades, starch has been one of the most important food items and biomaterials used in a variety of applications all over the world. Starch is increasingly being employed in different industrial areas, including textile, paper, chemicals, agricultural, construction engineering, and healthcare, despite the fact that demand for starch is significantly higher in the food industry. Corn starch accounts for the majority of world starch production.Maize starch is a critical ingredient used in the creation of a variety of food products as a thickening, stabilizer, water retention agent, and colloidal gelling agent in different parts of the world. During the projected period, this factor is expected to boost the MEA starch market.
Market Trends

  • Innovation and changing client needs: The Middle East and North Africa market is expected to develop over the next five years. Premiumization and an increasing number of young urbanized professionals interested in global culinary trends and brands are projected to shape the MEA starch market in more mature markets such as Turkey and the Gulf countries. In the food sector, starch is used as a thickening or stabilizing element in breads, soups, puddings, pies, soy, meat products, and sauces, among other things. Starches are used in the production of vermicelli, ice cream biscuits, instant noodles, sago, and chocolates.The demand for starch is rising as customer preferences shift away from fresh roots and toward nonperishable, processed, and value-added foods.
  • The bakery industry is one of the market's expanding sectors. Baked food products are becoming increasingly popular in developing African countries, according to the MEA. Due to the influence of Western culture, consumer desire for packaged goods has increased, which enhances demand for baked goods and convenience foods. To achieve a major market share in the MEA starch industry, starch manufacturers are focused on bakery and convenience food manufacturers.
  • Apart from the food sector, starch has non-food applications in the glue, paper, and pharmaceutical industries. Thus, the importance of food and pulp applications in the starch industry, as well as strong penetration of food brands across the region has boosted the expansion of the MEA starch market.

Key Segments Covered
Type

  • Native 
  • Modified

 Source 

  • Corn
  •  Wheat
  •  Potato
  • Tapioca 
  •  Others

Application 

  • Food Industry
  • Industrial
  • Pharmaceuticals

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key Benefits of the Report

  • This study presents the analytical depiction of the starches industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the starches market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the starches market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed starches market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Starches Market Research Report

  • Which are the leading players active in the ‘starches market’?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is “starches market“prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "starches market"?
 
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