The global food starch market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the surge in consumer demand for nutritious food and rising inclination toward fitness activities.
Starch is a source of carbohydrates, also called as amylum. It is a complex form of carbohydrates formed by numerous glycosidic bonds. Starch is polysaccharide of glucose, which is a simple source of energy for human body cells.
Starch is used to thicken processed foodstuffs and make food sweeteners. Therefore, starch is widely used by food companies either as food preservative or additives for thickening food products. It is used as a quality supplement in baked foods such as cakes, cookies, chocolates, and deserts. It is also used in fast food items such as pastas, soups, confectioneries, sauces, and in mayonnaises which is used in hamburgers, sandwiches, and fries.
The COVID-19 pandemic had a detrimental impact on the starch market by affecting the starch production and its demand in the global market. It had shown drastic impacts on food supply chain that resulted into high cost of raw material in several regions. The pandemic situation resulted into slowdown of food production and distribution. Conversely, the dietary supplement containing resistant starch and placebo starch were used in randomized trials to evaluate its efficiency in reducing the rate of non-hospitalized COVID-19 positive patients.
However, the successful outcome of the trial had reduced the rates of hospitalization and improved the clinical recovery of non-hospitalized individuals during the pandemic situation. This resulted in widening the growth of the food starch market at a notable rate in recent years.
Market Trends, Drivers, Restraints and Opportunities
- Rising usage of starch in food processing and sugar production is expected to drive the market growth in coming years.
- Growing trend of healthy lifestyle and balanced diet is estimated to contribute to the market expansion during the forecast period.
- Multiple functional properties of modified starch and its usage in fat replacement, texture improvement, and viscosity enhancement are estimated to positively influence the market growth during the forecast period.
- Increasing concerns regarding dental distress, high blood pressure, and obesity due to consumption of fast food are the major factors that can hamper the market growth in the coming years.
- Inadequate supply of starch sources and high cost of food additives are expected to restrain the market growth in the projected timeline.
- Ongoing investments in preparation of starch derivatives by commercial industries and extensive production of gluten-free products by food & beverage companies at a considerable rate are expected to offer immense opportunities for the market players.
Scope of Food Starch Market Report
The report on the global food starch market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Food Starch Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Starch Derivatives, Native Starch, and Modified Starch [Starch Sugars, Oligosaccharides, and Sugar Polyols]), Sources (Potato, Cassava, Corn, Wheat, and Others), Applications (Beverages, Bakery, Confectionery, Dairy, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Agrana; Grain Processing Corporation; Cargill Incorporated; Roquette Freres Sa; and National Starch Food Innovation
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Food Starch Market Segment Insights
Modified starch segment is projected to hold a major market share
On the basis of types, the food starch market is segregated into starch derivatives, native starch, and modified starch. The modified starch segment is further fragmented into starch sugars, oligosaccharides, and sugar polyols. The modified starch segment is projected to hold a major market share during the forecast period due to its extensive use in stabilizers, thickeners, and binders in food industries. Moreover, rising consumer preference for healthy foods that contain fat replaceable ingredients is expected to increase the use of modified starch as a fat substitute in the coming years, which is anticipated to fuel the growth of the market segment.
Corn segment is anticipated to hold a large market share
On the basis of sources, the market is segregated into potato, cassava, corn, wheat, and others. The corn segment is projected to constitute a major market share during the forecast period owing to its enormous use in diet of several countries as a staple food. On the other hand, the potato segment is expected to grow at a significant rate due to its growing substitution for cereal crop in traditional staple foods such as wheat, rice, and maize. Moreover, the segment is anticipated to grow at a robust rate due to its great nutritive values and higher yields during the forecast period.
Beverages segment is expected to expand at a rapid pace
Based on applications, the market is divided into beverages, bakery, confectionery, dairy, and others. The beverages segment is expected to grow at a rapid pace during the forecast period. Increasing development of modified starches and rising importance of its applications in food & beverages industries are key drivers of the segment growth. Modified starch is widely used in formulation of beverages to enhance the smoothness of mouth-feel in coffee drinks and smoothies. However, the dairy segment is anticipated to hold a key share of the market in the coming years due to the key functionalities of starch in providing viscosity, improving texture, and maintaining stability during the shelf life of the dairy products.
Asia Pacific is projected to expand at a significant CAGR
In terms of regions, the food starch market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is projected to expand at a significant CAGR owing to the rising demand for modified food products, growing adoption of heathy diet, and high stipulation for pre-cooked and packed food products. Moreover, the market in the region is expected to grow at a significant rate over the coming years, owing to the drastic shift in industrial applications and technologies that involves food processing and use of starch as a supplement of fat.
Segments
Types
- Starch Derivatives
- Native Starch
- Modified Starch
- Starch Sugars
- Oligosaccharides
- Sugar Polyols
Sources
- Potato
- Cassava
- Corn
- Wheat
- Others
Applications
- Beverages
- Bakery
- Confectionery
- Dairy
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players/Major players in the food starch market are Agrana; Grain Processing Corporation; Cargill Incorporated; Roquette Freres Sa; and National Starch Food Innovation.
Companies are engaging themselves in collaborating with other industry players to produce modified starches and industrial adhesives in order to expand their market share.
In November 2019, Agrana opened a wheat starch processing plant in Austria to double its wheat gluten production capacity.
In July 2019, Cargill transformed the corn processing facility to wheat processing in Krefeld, Germany to serve the shifts in the market and cater the rising expansion of the packaging industry.
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