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Industrial Starch Market Analysis
The industrial starch market from Corn Starch source segment held over USD 10.3 billion revenue in 2022. Corn is a widely cultivated crop, providing a consistent and abundant source of starch for industrial applications. Corn starch offers versatile functional properties, including thickening, binding, and gelatinization, making it suitable for various industries.
Thickening Agent segment accounted for 32% of the industrial starch market share in 2022. Starch is commonly used to thicken liquids in various food products, enhancing their texture and mouthfeel.
The industrial starch market from native starch segment is anticipated to grow at 5.2% CAGR through 2032. Native starch is perceived as a natural and clean label ingredient, aligning with consumers' preference for recognizable ingredients.
Based on application the Food and Beverage Industry is poised to show tremendous growth till 2032. Starch is used to improve the texture, consistency, and mouthfeel of a wide range of food products.
U.S. industrial starch market size dominated around USD 14.3 billion in 2022. The North American market's preference for processed and convenience foods drives the demand for starch as a thickening, stabilizing, and texturizing agent in various food products.
How big is the Industrial Starch Market?
The market size of industrial starch reached USD 52.6 billion in 2022 and is estimated to cross USD 91 billion by the end of 2032.
What are the factors driving the U.S. industrial starch industry?
U.S. market share was worth USD 14.3 billion in 2022, owing to the consumer preference for processed and convenience foods, that drives the demand for starch as a thickening, stabilizing, and texturizing agent in various food products.
Why is native starch gaining traction?
Native starch segment is anticipated to grow at 5.2% CAGR through 2032, as it is perceived as a natural and clean label ingredient, aligning with consumers' preference for recognizable ingredients.
Who are the key companies competing in the global industrial starch market?
Cargill, Incorporated, Archer Daniels Midland Company (ADM), Ingredion Incorporated, Tate & Lyle PLC, Roquette Fr