The global food starch market size is expected to reach a valuation of USD 20.92 billion in 2023. It is set to accelerate at a CAGR of 3% from 2023 to 2032. The global market is anticipated to reach a valuation of USD 28.83 billion by 2033.
The food starch market is experiencing significant growth and transformation driven by various factors, such as changing consumer preferences, increasing demand for convenience foods, and the growing need for clean-label and natural ingredients.
Food starch, derived from various sources such as corn, wheat, potato, and tapioca, plays a crucial role in the food industry, serving as a versatile ingredient with multiple functionalities, catering to the rising demand.
| Attributes | Key Statistics |
|---|---|
| Food Starch Market Estimated Size (2023) | USD 20.92 billion |
| Projected Market Valuation (2033) | USD 28.83 billion |
| Value-based CAGR (2023 to 2033) | 3% |
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The global food starch market recorded a CAGR of 2.2% between 2018 and 2022. The period marked increasing investments in research and developmental activities by key players.
Consumer preference for health and wellness maintenance is expected to drive the market for food starch globally.
Cereals and potatoes are the key contributors of starch in diets. It is beneficial to include starch in an individual's diet as it has functional ingredients that help to prevent weight gain and can eliminate severe symptoms of obesity.
Consumers also prefer gluten-free products, which are expected to push food starch demand across the globe. To fulfill the rising demand for low-calorie and low-fat products, starch is being used as an additive in breads, cookies, bread rolls, and sauces.
Owing to the aforementioned factors, the global food starch market is anticipated to exhibit a growth rate of 3% during the forecast period (2023 to 2033).
High Demand for Nutritious Food Items
Increasing Requirement of Clean Label Products
Principal Consultant
The United States is one of the leading markets for food starch as it is highly used in ready-to-eat premixes. It is also used in many high-end restaurants and local cafes to make numerous cuisines. Demand for food starch is expected to rise with the growing trend of consumer snacking in the country.
Demand from other countries in North America, like Canada, is expected to grow owing to wide applications of food starch in the chemical, textile, paper, and animal feed industries.
As per FMI, the United States food starch industry is expected to reach a value share of 24.3% in 2023.
The demand for food starch in the United States is influenced by factors such as population growth, changing dietary preferences, and the expansion of the food processing industry.
The food and beverage industry is growing rapidly in India. As a result, demand for cereals, pulses, and carbonated & non-carbonated beverages is rising. Due to rapid urbanization, many people are traveling to cities for work, and it is leading to significant changes in lifestyles.
The high spending capacity of consumers in India is thus set to fuel the demand for ready-to-eat food products that contain food starch. Besides, as food starch can be used as a stabilizer, thickening agent, and emulsifier, its demand is expected to rise in India.
Starch and starch derivatives are considered a key part of staple food preparations like sago, rice, and noodles in the country. As per FMI, the India food starch market is expected to secure a 4.5% CAGR from 2023 to 2033.
Meat is a significant component of daily meals in European countries like the United Kingdom, with consumers allocating a significant portion of their food budget to meat and meat products. However, the health risks associated with fat in meat, such as cardiovascular disease, obesity, and cancer, have impacted the demand for meat in the United Kingdom. Consequently, key players are investing in the development of high-quality fat replacement alternatives in the country.
The United Kingdom food starch industry is progressing robustly, driven by evolving consumer preferences and a focus on innovation, facilitating its projected growth rate of 2.8% during the forecast period.
With increasing awareness about the importance of nutrition, consumers in the United Kingdom are seeking healthier and cleaner-label food options. This has led to a surge in demand for food starches that align with clean-label and organic trends.
Manufacturers are investing in research and development to enhance the functional properties of starches and cater to specific dietary requirements, such as gluten-free and vegan options.
The industry's growth is further supported by ongoing product development, ensuring a diverse range of starch products to meet the evolving needs of consumers in the United Kingdom market.
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By source, the maize segment is anticipated to be at the forefront of the market during the forecast period, with a value share of 34% in 2022.
Maize starch is obtained from corn grains, and they are used in making corn syrups & sugars, soups, and sauces. Many dieticians suggest including corn starch in daily meals as they help to maintain glucose levels in the body. It is also extensively used for the manufacturing of gloves and diaphragms.
Owing to its wide range of utility, demand for maize starch is expected to rise during the assessment period. Key manufacturers are also focusing on developing new functionalities of maize starch to cater to the rising demand across various end-use industries.
By type, the modified starch segment is likely to lead the market by the end of 2033. Modified starch is prepared enzymatically or chemically by treating native starch to alter its properties.
It is showcasing high demand due to its applications across various industries, aiding the estimated value share of 41% in 2022.
It is used to provide stability against extreme heat or cold. Besides, it can control the viscosity of a liquid. Rising consumer preference for natural ingredients is expected to push the demand for modified food starch owing to its functional benefits.
In Europe, this food starch is extensively used as a natural sweetener in numerous carbonated and non-carbonated energy drinks. As consumer demand for low-fat and low-calorie products is surging, the need for modified food starch is expected to rise in the upcoming decade.
Modified starches can be customized to meet specific application requirements, providing tailored solutions for different food products. They also contribute to clean label formulations by replacing undesirable ingredients.
Food starch manufacturers are coming up with new technologies that would fulfill the rising consumer demand for healthy food. Key manufacturers are also developing new varieties of food starch with varying levels of fat content.
Archer Daniels Midland (ADM) and Agrana continue making headways in global food starch. Archer Daniels Midland (ADM) specializes in human and animal nutrients. It has a wide range of human nutrition products, including starches, botanicals, edible oils, colors, pulses, beans, nuts, alternative proteins, and many others.
The company's starches are solely derived from plant-based feedstock such as wheat and corn. It offers a diverse portfolio of starches for every end-use industry- from wallboard construction to papermaking. In addition to that, ADM provides specialty EnviroStrip products that have been curated for innovative dry stripping applications.
The company's transfer stations are strategically located across North America and various other production facilities. It provides unique starches through its robust supply chain and distribution networks. It has an extensive distribution system of barges, ships, tractor-trailers, and railcars. Its robust network ensures that the starches reach customers at the right location and time.
The company's starches perform well in solid-fiber and corrugating applications, in addition to the food space. In May 2022, for instance, ADM announced that it is planning to invest in a significant expansion of starch production at its Minnesota facility to meet the surging demand from the food and beverage sector.
Agrana, on the other hand, is in the second position in terms of revenue, followed by ADM in the starch business. It manufactures top-notch starch products by utilizing environmentally-sensitive and modern methods. It uses raw materials like wheat, potatoes, and corn to make starches.
Agrana’s organic starches help in adding value to almost all organic products in the food and luxury food spaces. As starch is used as a thickening agent in the preparation of jellies, snacks, puddings, gums, sauces, and soups, Agrana is expected to showcase high demand.
The market is slated to attain USD 20.92 billion in 2023.
The market is expected to expand at a CAGR of 3% through 2033.
Increasing demand for nutritious foods and surging preference for clean-label products are stimulating product sales.
Growing competition from alternative ingredients is slowing the market’s pace.
India exhibits a profitable investment opportunity for market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Modified Starch 5.2. Native Starch 6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 6.1. Maize 6.2. Wheat 6.3. Potatoes 6.4. Other 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Animal Feed 7.2. Bakery and Confectionery 7.3. Beverage 7.4. Cosmetics 8. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Offline Sales 8.1.1. Supermarkets/Hypermarkets 8.1.2. Departmental Stores 8.1.3. Convenience Store 8.1.4. Other Sales Channel 8.2. Online Sales 8.2.1. Company Website 8.2.2. E-commerce Platform 9. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. ADM - Archer Daniels Midland 19.2. The Agrana Group 19.3. BENEO 19.4. Roquette Fereres SA 19.5. Grain Processing Corporation 19.6. Royal Avebe U.A 19.7. National Starch Food Innovation 19.8. Cargill Incorporated 19.9. Ingredion Inc. 19.10. Emsland Group 20. Assumptions & Acronyms Used 21. Research Methodology
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