The South Korea Arrowroot Starch Market is poised for significant expansion as the demand for natural, plant-based ingredients in food and non-food industries continues to grow. Arrowroot starch, known for its easy digestibility and versatility, is gaining traction across various sectors including food processing, cosmetics, and pharmaceuticals. The push for healthier and natural alternatives in the South Korean market is expected to be a key driver of this growth.
The global arrowroot starch market value is anticipated to total USD 2.8 billion in 2024 and USD 4.2 billion by 2034. Global demand for arrowroot starch is likely to increase at a CAGR of 4.1% during the forecast period.
Demand remains particularly high for organic arrowroot starch owing to its growing demand for natural and clean-label products. The target segment accounted for a revenue share of 62% in 2023 and is set to experience steady growth through 2034.
Several factors are expected to fuel the growth of the arrowroot starch industry during the assessment period. These include increasing demand for natural and gluten-free products and expanding applications of arrowroot starch in industries like food and beverage and pharmaceuticals.
There is a spike in celiac disease cases across nations like the United States, China, and the United Kingdom. For instance, it is estimated that around 1% of the American population has celiac disease.
The growing incidence of celiac disease is generating a higher demand for gluten-free products. This, in turn, is likely to boost sales of arrowroot starch and, consequently, the target industry.
Arrowroot starch is becoming an ideal alternative to traditional wheat-based starches owing to its gluten-free nature. Thus, as the demand for natural and gluten-free products continues to surge, so will sales of arrowroot starch.
Increasing usage of arrowroot starch in food and beverage applications is set to fuel market growth. This natural substance is widely used as a stabilizer and thickening agent in sauces, soups, confectionery, and bakery items.
Growing awareness about the benefits of arrowroot starch is another key factor propelling demand. Similarly, expanding applications in pharmaceutical as well as cosmetics and personal care industries are likely to benefit the industry.
Key Factors Driving Growth of the South Korea Arrowroot Starch Market:
- Rising Demand for Natural Food Ingredients: South Korean consumers are increasingly seeking natural and clean-label ingredients in their food products. Arrowroot starch, which is gluten-free, easily digestible, and non-GMO, is becoming a popular alternative to traditional starches. It is widely used in gluten-free baking, thickening sauces, and as a healthier alternative to corn or wheat-based starches.
- Expanding Use in the Food and Beverage Industry: Arrowroot starch is a preferred ingredient in the production of baby food, dairy products, and gluten-free baked goods due to its neutral taste, smooth texture, and non-allergenic properties. With the rising demand for functional foods, the use of arrowroot starch is expected to grow significantly in food processing industries, offering healthier and safer alternatives for consumers.
- Growth in the Pharmaceutical and Cosmetic Industries: Apart from the food and beverage sector, arrowroot starch is also being increasingly utilized in the pharmaceutical and cosmetic industries. Due to its natural thickening, binding, and stabilizing properties, it is often used in skin care products and cosmetics. Its hypoallergenic and non-irritating nature makes it a preferred choice in topical treatments for sensitive skin and baby products.
- Health and Wellness Trends: With South Korea’s growing focus on health and wellness, arrowroot starch is benefiting from its reputation as a natural remedy for various digestive ailments. Traditionally used in South Korean herbal medicine, arrowroot is known for its soothing properties for digestive issues and as a natural energy booster. As more consumers adopt health-conscious lifestyles, demand for natural ingredients like arrowroot starch is expected to rise.
- Increasing Popularity of Plant-based and Vegan Products: The growing trend toward plant-based diets is further propelling the demand for arrowroot starch. As an entirely plant-based ingredient, arrowroot starch is finding its way into numerous vegan and vegetarian food products, including meat substitutes, dairy alternatives, and vegan baked goods. This is expected to contribute to robust market growth over the forecast period.
Key Takeaways from the Market Report:
- The global market is set to reach USD 4.2 billion by 2034, registering a 4.1% CAGR.
- Based on type, the organic segment is set to advance at a CAGR of 3.9% through 2034.
- By application, the food and beverages segment dominated the industry with a share of 41% in 2023.
- China is forecast to record a CAGR of 4.8% between 2024 and 2034.
- Revenue in the United States is anticipated to total USD 749.1 million by 2034.
“The versatility of arrowroot starch is expanding its applications in various products, ranging from food and beverages to pharmaceuticals. This is expected to boost market growth through 2034.” says Nandini Roy Choudhury, Client Partner at Future Market Insights
Who is Winning?
Companies are also directing investments in research to explore new applications of arrowroot starch. Similarly, strategies like acquisitions, facility expansions, partnerships, mergers, and distribution agreements are becoming popular among players.
Leading Arrowroot Starch Brands
- Bob’s Red Mill
- NOW Foods
- Authentic Foods
- Nature’s Way
- Tropical Traditions
- Pure Organic Ingredients
- Frontier Co-op, Anthony’s Goods
- Health Garden USA
- Arrowhead Mills
- Barry Farm Foods
- Let’s Do…Organic.
Industry Updates:
In February 2024, the Dove Men+Care Whole Body Deo Stick was launched. Containing arrowroot powder, the deo stick aims to reduce chafing.
Want More Insights?
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global arrowroot starch market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights based on type (organic and conventional), application (food and beverages, pharmaceuticals, nutraceuticals, textile, and others), and distribution channel (retail stores and online retail) across various regions.
https://www.futuremarketinsights.com/reports/arrowroot-starch-market
Key Segments of Market Report
By Application:
Based on application, the arrowroot starch market can be segmented into food and beverages, pharmaceuticals, nutraceuticals, textile, and others.
By Type:
Based on type, the industry can be bifurcated into organic and conventional.
By Distribution Channel:
Based on the distribution channel, the arrowroot starch market is categorized into retail stores and online retail.
By Region:
The sector has been analyzed in key countries of North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
Report Preview: https://www.futuremarketinsights.com/reports/arrowroot-starch-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
