Industrial Starch Market
Now use of starch is not limited to just the food industry but, due to its adhesive properties starch is also finding its application in non-food industries like paper, textile, mining, building materials etc.
Drivers and Constraints for the Industrial Starch Market
The main growth drivers for the Industrial starch market are – unanticipated growth in food processing industry, demand for pre-processed food, rising demand for adhesive products in various industries, and the unique property of starch that makes it the most suitable adhesive agent for various industrial applications.
On the other hand, the high R & D cost, availability of alternative adhesive products like glue from resin etc, and a fast growing Arabic gum market likely to hamper the growth of the industrial starch market.
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Industrial Starch Market – Segmentation
The Industrial starch market can be segmented on the basis of type, application, source, form, and functions.
On the basis of the product type, the industrial starch market can be segmented as:-
• Starch derivatives & sweeteners
• Native Starch
• Modified starch
On the basis of the application, the industrial starch market can be segmented as:-
• Food & beverage
• Textile industry
• Feed
• Paper
• Others
On the basis of the source, the industrial starch market can be segmented as:-
• Wheat
• Potato
• Corn
• Cassava
• Others
On the basis of the form, the industrial starch market can be segmented as:-
• Thickening agent
• Stabilizing agent
• Binding agent
• Film-forming agents
• Texturizing
• Gelling agent
• Others
Market segmentation of the Industrial Starch Market Based on Geography
On the basis of the geographical regions, the industrial starch market can be segmented into five key regions. They are:-
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa
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Currently, North America and Europe together holds a major portion of the market share of the industrial starch market, and main reason being rapidly growing industrial packaging industry in both the regions.
Among all the regions, Asia-Pacific is likely to show better growth rate due to high rate of starch consumption in the countries like India, China etc. China alone consumes 50% of the starch production in the region. Also, starch production in India, China, and Thailand is more cost effective as than most developed countries.
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Industrial Starch Market – Key Market Players
Few key players in the industrial starch market are listed below:-
• The Tereos Group (France)
• Archer Daniels Midland Company (U.S)
• Cargill (U.S), Ingredion Incorporated (U.S)
• AGRANA Beteiligungs-AG (Austria)
• Tate & Lyle PLC (U.K.)
• Roquette Frères (France)
• Altia Industrial Services (Finland)
• Grain Processing Company (U.S.)
• Royal Cosun (Netherlands)
Mergers, acquisitions, investments, expansion to new regions and introduction of new products in the market are the strategies being adopted by major players.
Key Developments in the Industrial Starch Market
• May, 2017 – Introduction of seventeen non-bioengineered starches by Tate & Lyle, P.L.C which functions the same way as the earlier versions of starch.
• April, 2017 – Introduction of new texturizer: Precisa Crisp 31 and Precisa Crisp 320 (native corn starch) and Precisa Crisp 130 and Precisa Crisp 151(Modified tapioca starch) for baked chips by Ingredion.
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