The global native starch market is projected to witness a CAGR of 5.7% and is anticipated to reach a valuation of around US$ 2.6 Bn by 2032, while it is estimated to be valued at US$ 1.5 Bn in 2022.
The increased use of native starch as a stabilizing, thickening, and gelling agent, as well as a diluent, binder, and excipient, is expected to drive the demand for native starch. The expansion of the food and beverage industry is projected to be a major driver of consumption.
The product is used in the production of frozen, packaged, and ready-to-eat foods. The market for such food products is rapidly expanding, particularly in emerging nations, which is projected to have a beneficial impact on the industry’s growth. These impacts are helping the sales of native starch.
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The adoption of native starch is anticipated to rise with a variety of manufacturing ingredients, including corn, potato, and wheat. The United States is projected to be the world’s leading corn producer and exporter in 2022.
The vast supply of raw resources, together with the country’s well-established manufacturing sector, is predicted to be a major driver of industry expansion in the United States, boosting the sales of native starch.
Moreover, the growing food and beverage industry, particularly in rising economies like India and China, has boosted the number of native starch customers in these countries.
The buyer’s decision is likely to be influenced by cost competitiveness and product quality, increasing the adoption rate with rising demand for native starch due to low switching costs and the availability of multiple manufacturers around the world, buyers have a lot of leverage.
Key Takeaways
- The market is segmented based on source, wherein the native starch is anticipated to account for around 31.7% of the market share over the forecast period, thriving the native starch market
- The North American native starch market is expected to witness a lucrative growth rate of 5.2% during the forecast period.
- East Asia is inferred to account for 15.4% of the global native starch consumption through 2032, fueling the demand for native starch.
- The market is segmented based on end-use, wherein food and beverages are anticipated to account for around 31.7% of the market share over the forecast period.
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“To expand their business, key manufacturers are employing aggressive techniques. Product branding and positioning are extremely important to them. Consumer pleasure is being used as a realistic approach for growing their global impact. These are the factors driving the native starch market forward.” – Future Market Insights Analyst.
Competitive Landscape
The growth in the global food and beverage industry is propelled by targeting emerging economies that are creating lucrative opportunities for various global markets. Native starch companies are implementing robust go-to-market strategies such as collaborations, partnerships, M&A, and divestitures in addition to focusing on organic growth, increasing the demand for native starch.
Key players operating in the global native starch market also focus on strategic collaboration with local distributors in the emerging countries to reach a large consumer base.
Key players in the global native starch market include:
- Ingredion Inc.
- Cargill, Inc.
- E. I. du Pont de Nemours
- Tate & Lyle PLC
- Archer Daniels Midland Company
- Roquette Frères S.A.
- Euroduna Food Ingredients GmbH
- BENEO GmbH
- Kent Corporation
- MGP Ingredients Inc.
- AGRANA – Beteiligungs
- AG Tereos Starch & Sweeteners Iberia Sa
- Thai Flour Co., Ltd.
- Manildra Group
- Avebe U.A
- Amylco LLC
- KMC Kartoffelmelcentralen A.M.B.A
- Gulshan Polyols Ltd.
- SPAC STARCH PRODUCTS (INDIA) LTD among other native starch manufacturers.
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Recent Market Developments:
- Ingredion Pvt ltd recenly launched functional native starches that formulates food and beverages with ingredients consumers accept, prefer and expect. This is anticipated to push the competition level and increase the sales of native starch.
- Cargill Inc has included new applications in its native starch batch such as brewing adjuncts, bakery mixes and processed meat. This increases the demand for native starch globally.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Native Starch market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on the native starch market by nature (corn, wheat, potatoes, tapioca, others), by form (powder, liquid), by end-user (food and beverages, paper industry, feed industry, others) & region across seven major regions of the world.
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