Turkey Starch Market is expected to grow with the healthy CAGR of 3.8% in the forecast period 2020 to 2027. The years considered for study are as mentioned below:
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Turkey starch market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments in expanding their production facility for manufacturing of different types of starches, various acquisitions and partnership to enter in specific market have led the manufacturers to established their foot prints.
The major players dealing in Turkey starch market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. In March 2020, Tate & Lyle launched CLARIA EVERLAST starch brand for Freeze Thaw Stability. This clean label starch product offers superior shelf stability which helps to preserve food quality. This new product launch by Tate & Lyle increased its product portfolio in starch market thereby increased demand for its product in market leading to increased revenue in future.
ADM is the dominating player in the Turkey starch market. The other key players existing in the protective films market includes Cargill, Incorporated, Tate & Lyle, Roquette Frères, Avebe, Emsland Group, AGRANA Beteiligungs-AG, Südzucker AG, Omnia Nisasta Sanayi ve Ticaret A.S., Tat Nişasta, Sunar Misir, Beşan Nişasta, GRANDIUM TURKEY, AK NISASTA, and GSF Gıda among others.
ADM:
ADM is headquartered in the U.S and was founded in 1902. The company focuses on commercializing animal and human nutrition products around the world. The company deals in number of business segments are they are Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The market focused business segment for our market is Carbohydrate Solutions. The company provides its products through its product categories and they are Food and Beverage Solutions, Animal Nutrition, Fuel, Industrials, Logistics, Farmer Services and Financial Services. The company takes various strategic decisions in order to enhance their business. For instance
- In January 2019, ADM made a partnership with General Starch Limited (GSL), a leading tapioca starch producer based in Thailand. The company now has exclusive distribution rights of the GSL modified tapioca starch products across the European countries and Middle East and Africa countries. In the second phase of the partnership, the products will be sold under the ADM brand. This partnership has helped company to expand its starch related product portfolio and strengthen its market position in Middle East region.
The company has a wide global presence across the globe such as Africa, Asia-Pacific, North America, South America, and Europe. The company distributes its products through its subsidiaries and they are ADM (Shanghai) Management Co. LTD (Shanghai), ADM (Thailand) Ltd (Thailand), ADM Ag Holdings Ltd - WIL (Singapore), ADM Agro Iberica S. L. U (Spain), ADM Agri-Industries Company (Canada), and ADM Agriculture Limited (U.K.) among others.
Cargill, Incorporated
Cargill, Incorporated is headquartered in the U.S. and founded in 1865. The company is focused on offering products in various industries which include agricultural, food, and financial across the world. The company deals in various business segments and they are Food Ingredients & Bio-Industrial, Animal Nutrition, Protein & Salt, Agricultural Supply Chain, and Metals & Shipping. The market focused business segment for our market is Food Ingredients & Bio-Industrial. The company has taken various strategic decisions in order to enhance their business. For instance,
- In September 2019 Cargill, Incorporated made a partnership with two local firms based in India to increase its manufacturing capacity of corn starch and sweeteners. With this partnership, the company is aiming to be among the top three players in the country over the next three years. This new product launch by DSM will help the company to increase revenue in future
The company has a wide global presence across the globe such as Africa, Europe, Middle East, Asia-Pacific, Latin America and North America.
Roquette Frères
Roquette Frères is headquartered in France and established in 1933. The company focuses on offering best ingredients for nutrition, food, and health markets which enable healthier lifestyle. The company offers its products by number of product categories and they are BioPharma, Pharma & Nutraceuticals, Cosmetics, Food & Nutrition, Animal Nutrition, and Industrial Markets. To enhance its business as well as revenue, company takes various strategic decisions. For instance,
- In August 2019, Roquette Frères expanded its business to India by setting up its production capabilities. The advanced technologies will help the company to offer better products in Food and Industrial markets with high quality plant-based ingredients. With this capacity development, Roquette wants to continue to improve its value added for its customers, particularly in terms of quality.
The company has its strong present across the globe such as North America, South America, Europe and Asia-Pacific. The company distributes its products through its subsidiaries and they are Roquette Korea Ltd (Korea),Sethness Products Company (U.S.), roquette America, Inc. (U.S.), Itacel Farmoquimica Ltda (Brazil), and Roquette (China) Co., Ltd among others.
