Industrial starch are ingredients extracted from various natural sources of production, such as potato, corn, rice, wheat, cassava, maize, tapioca, and various others. All of these sources provide the consumers with their own different functionalities and characteristics to the product they are included in. Although, the usage of starch is not just limited to food processing industry, a majority of its demand is dominated by this industry.
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The main factors behind the growth of the market are:
The market is segmented on the basis of source as corn, wheat, cassava, potato, others; application as food & beverages, feed, others; form is segmented into dry form, liquid; function as stabilizing, thickening, film forming agents, gelling agent, texturizing, binding, emulsifying, sizing, moisture retention, coating
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global industrial starch market is growing at a substantial CAGR of 7.0% during the forecast period of 2018 to 2025”
Some of the major players operating in the market are Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Agrana Beteiligungs-AG, Grain Processing Corporation, The Tereos Group, Royal Cosun, Altia Industrial Services, Everest Starch Pvt.Ltd., GreenTech Industries Ltd, Bangkok Starch Industrial Co., Ltd., Roquette Frères, Sahyadri Starch & Industries Pvt. Ltd., Nova Transfers Pvt. Ltd, Sanstar Bio-Polymers Ltd, Tantia Agrochemicals Private Limited and SPAC Starch Products Ltd among others.
Food processing and manufacturing segment globally are being faced with rising levels of demand for organic, clean-label ingredient usages. This growing demand is invoking the food ingredient manufacturers to focus on innovations in their product offerings. This focus has given rise to various alternate sources of starch production such as cassava and various others. The availability of these alternative sources comes with a variety of different functionalities and features, which is expected to invoke a greater demand from the market.
Global Industrial Starch Market – Industry Trends and Forecast to 2028
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