IMARC Group, a leading market research company, has recently releases report titled “Food Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global food starch market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the food starch market?

The global food starch market size reached US$ 24.64 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.88 Billion by 2028, exhibiting a growth rate (CAGR) of 5.22% during 2023-2028.

Food starch refers to a carbohydrate-based ingredient derived from various sources, primarily plants, and is widely used in the food industry. It plays a crucial role in enhancing the texture, stability, and sensory attributes of a wide range of food products. Food starches are composed of long chains of glucose molecules, which can be isolated and processed from different plant sources, including corn, potato, tapioca, wheat, and rice. Food starch offers several functional properties that make it a versatile ingredient in food formulations. One of its primary functions is as a thickening agent, adding viscosity and improving the texture of foods like sauces, gravies, soups, and puddings. It also acts as a stabilizer, preventing ingredient separation and maintaining uniformity in products such as salad dressings, dairy products, and frozen desserts.

Food starch can contribute to gelling properties in products like jams, jellies, and confectioneries, providing the desired texture and structure. Moreover, it serves as a binding agent, helping ingredients adhere together in processed meats, bakery items, and snack foods. Food starch can undergo various modifications to enhance its functionality and suit specific food applications. Modified starches are processed to alter their characteristics, such as resistance to high temperatures, acidity, or freezing-thawing cycles. This allows food manufacturers to select starches that can withstand processing conditions and maintain their desired functionality in the final product.

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What are the growth prospects and trends in the food starch industry?

• The expansion of the food and beverage (FB) industry represents one of the significant factors driving the growth of the market across the globe. This is primarily attributed to the changing consumer preferences, rising population, and increasing urbanization, which are driving the growth of the market. In line with this, the extensive usage of food starch in various food products, including bakery items, sauces, dressings, confectionery, snacks, and processed meats is contributing to the growth of the market.
• The market is also driven by food starch serving as a multifunctional ingredient, offering various functional properties such as thickening, stabilizing, gelling, binding, and texture enhancement. In addition to this, the increasing demand for clean-label products and natural ingredients is driving the growth of the market. This is primarily due to manufacturers utilizing food starch as a clean-label ingredient, replacing synthetic or chemically modified alternatives which are facilitating the growth of the market.
• The rising demand for convenience and processed food products, along with the increasing need for starches in processed foods for functionalities, such as thickening gravies, improving texture in frozen meals, and enhancing the mouthfeel of soups and sauces is boosting the growth of the market.
• Other factors, including the rising inclination toward functional foods and their potential health benefits, significant advancements in food starch processing technologies, international trade and globalization, and cost-effectiveness, are creating a positive outlook for the market across the globe.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Raw Material:

• Maize
• Wheat
• Potato
• Cassava
• Others

Breakup by Product Type:

• Native Starch
• Modified Starch
• Starch Derivatives

Breakup by End User:

• Business to Business
  • Confectionary
  • Bakery
  • Dairy
  • Beverages
  • Others
• Business to Consumer

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• AGRANA Beteiligungs-AG (AGRANA Zucker, Starke, Starke und Frucht Holding AG)
• Archer-Daniels-Midland Company
• BENEO (Sudzucker Group)
• Cargill Incorporated
• Grain Processing Corporation (Kent Corporation)
• Ingredion Inc.
• Roquette Freres
• Royal Avebe
• Sonish Starch Technology Co. Ltd.
• SPAC Starch Products (India) Private Limited
• Tereos

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