During the projection period between 2022 and 2032, there is expected to be a noticeable growth in the demand for moulding starch on a global scale. The market is expanding as a result of the booming demand from the global confectionery sector.
Moulding starch is a white powder that is obtained by the extraction process. Moulding starch is used for moulding, deposition, and drying of gummies, jellies, and other confectionery products. Moulding starch is spread on large trays and then the desired impression is imprinted with the help of mould. Moulding starch absorbs moisture from the deposited confections and it prevents stickiness.
Moulding starch helps in the formation of any shape and then absorbs the moisture from the products as it cools, sets and dries. Moulding starch has a neutral flavour which does not interfere with the original taste of the product. Some companies have developed starch-based molding starch which contains vegetable oil or mineral that aids in holding a variety of imprints.
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Increase in Demand for non-GMO Products is anticipated to Boosts the Moulding Starch Market
The growth in the demand for confectionery products is anticipated to boosts the sales of moulding starch. The rise in income, changing lifestyle, and preference for convenience are some of the important drivers for the increase in demand for confectionery products. The competition in the market is very intense, and therefore, the companies try to develop different shapes and sizes of the confectionery products to attract and increase the consumer base.
Moulding starch is a key ingredient which helps to develop the different shapes and sizes of the confectionery products according to the requirement of the manufacturer. Thus, the increase in the demand for confectionery products is estimated to drive the moulding starch market. The increase in awareness has brought a shift in the preferences of consumers.
The consumers prefer the use of products that contain non-GMO and natural ingredients. Some studies have shown that GMO foods are associated with some health problems such as increased aging, immune disorders, and increased risk of toxicity, etc., and thus, consumers prefer the use of products that contain non-GMO ingredients. Also, the increasing demand for clean-label products is expected to have a positive impact on the moulding starch market. The demand for clean-label products is increasing among the consumers as they are keen to know the product details and the ingredients used in them.
Thus, the manufacturers are anticipated to use moulding starch to develop non-GMO clean-label products. The demand for plant-based products is estimated to influence the sales of moulding starch. The increase in awareness about the side-effects of animal-based or synthetic ingredients and the rise in animal concern are some of the major drivers for the increase in demand for plant-based products. Thus, the manufacturers are expected to use plant-based moulding starch to develop the products according to the consumer requirements, which is estimated to increase the demand for moulding starch.
Moulding Starch Market: Regional Analysis
The demand for confectionery products is anticipated to grow at a high rate in the Middle East and Africa region. The demand for convenience, changing taste preferences, and increasing youth inclination towards chocolates and sweets are some of the drivers for the increase in demand for confectionery products in the MEA region.
The manufacturers of moulding starch have an opportunity to establish themselves in the MEA region as it is an essential ingredient that is required for shaping of the confectionery products. Asia Pacific region is also anticipated to show significant growth in the demand for confectionery products. The large youth population and effect of western culture are expected to serve as drivers for the increase in demand of confectionery products in the Asia Pacific region, which further is estimated to have a positive impact on moulding starch market.
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Moulding Starch Market: Key Participants
Some of the key market players in the moulding starch market are:
- Archer Daniels Midland
- Tate & Lyle PLC
- Tereos Starch & Sweeteners s.a.s.
- Ingredion
- Everest Starch Pvt. Ltd.
The research report presents a comprehensive assessment of the moulding starch market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as end-use.
Key Segments Profiled in the Moulding Starch Industry Survey
By End Use:
- Candies
- Jellies
- Gummies
- Marshmallows
- Others (e.g., Rock Candy, Caramels, etc.)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the moulding starch market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the moulding starch market
- Competitive landscape of the moulding starch market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on moulding starch market performance
- Must-have information for moulding starch market players to sustain and enhance their market footprint
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