Dublin, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The "Food Starch Market by Raw Material, Product Type, End User, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global food starch market size reached US$ 24.64 Billion in 2022. Looking forward, the market is set to reach US$ 33.88 Billion by 2028, exhibiting a growth rate (CAGR) of 5.22% during 2023-2028.
North America stands as the dominant player in the food starch market, bolstered by a surge in demand for processed foods, rising health awareness, and breakthroughs in food processing technology.
Food starch, sourced naturally from plants like corn, wheat, and potatoes, has cemented its role in the food industry. Its multifunctional properties as a thickener, stabilizer, and binding agent cater to the escalating demand for ready-to-eat meals, snacks, and bakery items. Coupled with the swift adoption of processed and convenience foods, food starch's versatility only underscores its significance.
The modern consumer is informed and health-conscious. This shift towards healthier dietary choices has propelled the market for functional ingredients like food starch. Moreover, the clamor for clean-label, naturally-derived ingredients echoes the sentiment of consumers keen on minimal processing in their food. Consequently, food starch, with its natural origins, is primed to meet this demand.
Another pivotal market trend is the growing preference for gluten-free products. Food starch emerges as a prime substitute for gluten, offering manufacturers a robust ingredient solution for gluten-free foods.
Delving deeper, this report furnishes insights into the competitive landscape of the global food starch market. From market structure to key players' market share, and from top strategic moves to detailed company profiles, the report is a comprehensive guide for stakeholders seeking clarity on the present and future of the food starch industry.
Key Questions Answered in This Report:
- How has the global food starch market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global food starch market?
- What is the impact of each driver, restraint, and opportunity on the global food starch market?
- What are the key regional markets?
- Which countries represent the most attractive food starch market?
- What is the breakup of the market based on the raw material?
- Which is the most attractive raw material in the food starch market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the food starch market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the food starch market?
- What is the competitive structure of the global food starch market?
- Who are the key players/companies in the global food starch market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 148 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $24.64 Billion |
| Forecasted Market Value (USD) by 2028 | $33.88 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Competitive Landscape:
- 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
Key Market Segmentation:
Raw Material Insights:
According to the report, maize represented the largest segment.
- Maize
- Wheat
- Potato
- Cassava
- Others
Product Type Insights:
According to the report, modified starch accounted for the largest market share.
- Native Starch
- Modified Starch
- Starch Derivatives
End User Insights:
According to the report, business to business represented the largest segment.
- Business to Business
- Confectionary
- Bakery
- Dairy
- Beverages
- Others
- Business to Consumer
Regional Insights:
North America
- United States
- Canada
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/gvyp4l
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