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Industrial Starch Market Size
Industrial Starch Market size was valued at USD 52.6 billion in 2022 and is estimated to expand at a CAGR of 5.6% CAGR from 2023 to 2032, driven by the need for thickening, stabilizing, and texturizing agents in processed and convenience foods. Starches are used for their functional properties in various food products, such as improving texture, mouthfeel, and shelf stability.
Starch is used in the paper industry as a sizing agent to improve the printability and writing surface of paper. Starch-based materials are used to develop biodegradable and eco-friendly packaging solutions, driven by sustainability concerns.
The prices of starch feedstock, such as corn, wheat, and cassava, can be subject to fluctuations. Disruptions in the supply chain, including transportation issues, natural disasters, and labor shortages, can impact the availability and timely delivery. Starch faces competition from other functional ingredients, such as gums, proteins, and modified cellulose, that offer similar functionalities.
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