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Nigeria Starch Processing Market – Industry Trends and Forecast to 2030

Food & Beverage

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Nigeria Starch Processing Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Published Report
  • Dec 2022
  • Country Level
  • 350 Pages
  • No of Tables: 12
  • No of Figures: 22

Nigeria Starch Processing Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2030
Diagram Market Size (Base Year) USD MILLION
Diagram Market Size (Forecast Year) USD 574.11
Diagram CAGR %

Major Markets Players

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Nigeria Starch Processing Market, By Origin (Imported and Domestic), Input Crop (Cassava, Maize/Corn, Potatoes, Rice, and Others), Application (Food Grade and Non-Food Grade), Form (Liquid and Dry), Category (Conventional and Organic), Industry (Food Industry, Pharmaceutical Industry, Feed Industry, and Others), Industry Trends and Forecast to 2030.

Nigeria Starch Processing Market Analysis and Size

The growing demand for starch in the food & beverages industry and its application in pharmaceutical industries for health-improving drugs and syrups, along with increasing demand for non-food grade starch products, are the main drivers propelling the starch processing market's expansion.

Nigeria Starch Processing Market

Nigeria Starch Processing Market

In addition to the food business, industrial starch is utilized in non-food industries like paper, mining, textile, building materials, and consumer goods. The market for industrial starch is expanding due to rising packaging demand, which is likely to increase demand for starch processing.

Data Bridge Market Research analyses that the starch processing market is expected to reach a value of USD 574.11 million by 2030, at a CAGR of 5.2% during the forecast period.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Year

2021 (Customizable to 2020 - 2015)

Quantitative Units

Revenue in USD Million

Segments Covered

By Origin (Imported and Domestic), Input Crop (Cassava, Maize/Corn, Potatoes, Rice, and Others), Application (Food Grade and Non-Food Grade), Form (Liquid and Dry), Category (Conventional and Organic), Industry (Food Industry, Pharmaceutical Industry, Feed Industry, and Others).

Countries Covered

Nigeria

Market Players Covered

Orient Global Manufacturing, Olo Industries Limited, Greenhills Farmstead, Matna Foods Ltd., Niji Group, FMN Plc., Ekcel Farms Limited, GIVANAS GROUP, Nsmfoodslimited, Ifgreen Industries, Crest Agro Products Farms., GreenTech Industries Ltd., and ACSMIN Nig. among others.

Market Definition

Starch, or amylum, is a complex carbohydrate in many foods, including grains, vegetables, and fruits. Maize, tapioca, wheat, potatoes, and other plant foods are the main sources of starch. Pure starch is extracted from food to create a powder that is white, odorless, and tasteless but does not dissolve in alcohol or cold water. Starch extraction from plant seeds, roots, or tubers is known as starch processing. The entire starch extraction process uses the physical separation method to separate cellulose, protein gradually, and other non-starch elements to obtain a pure and white starch powder. The produced starch powder and the raw starch have the same chemical makeup. The extraction of starch causes no chemical alterations. However, utilizing sulfur dioxide as an acid in the processing could result in a small amount of starch molecular breakdown, which could slightly reduce the starch levels in the sticky paste.

Starch Processing Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers:

  • Increase in the demand for starch in the food & beverages industry

People consumed raw, unprocessed vegetation with high starch content in the past. These starches were fermented or digested by microorganisms in the large intestine, which created short-chain fatty acids that provided energy and supported the microbes' survival and growth. However, when the consumption of highly processed meals rose, it became simpler to digest and release more glucose in the small intestine, which led to less starch reaching the large intestine and more energy being absorbed by the body. Because major players are creating cutting-edge products to appeal to a broad consumer base, this aspect is predicted to drive food starch sales in Nigeria.

  • Growth application in pharmaceutical industries for health-improving drugs and syrups

One of the few naturally occurring products that, with minor processing, satisfies most of the excipient specifications is starch, making it one of the most commonly used pharmaceutical excipients. It is cheap, readily available, odorless, non-toxic, and biocompatible. In its natural state, starch is employed to create various dosage forms, each of which depends on it for its unique functionalities.

Natural resources like starch are freely accessible. Due to its various physical and functional characteristics, it is adaptable and has been used in various sectors. The high density of hydroxyl groups on the surface allows for several modifications or derivatives. This application is based on how it interacts and reacts in moisture, specifically water. This growing application in the pharmaceutical industry may act as a driver for the Nigeria starch processing market.

Restraint

  • Ineffective agronomic practices and inefficient management of production resources

The demand for starch-based crops and their products is growing quickly. However, the sub-population region is increasing geometrically, and current food production is insufficient to meet their needs. Nigeria is currently the world's greatest cassava grower. However, the trend in yield performance (output per hectare) is still negative. This low yield can be attributed to poor agronomic techniques and improper production resource management. In sub-Saharan Africa [SSA], inadequate management of agricultural areas has continually hampered sustainable food production. Despite more than 60% of Nigeria's population working in agriculture, this has significantly contributed to the agricultural sector's poor performance and inefficient use of productive resources.

Ineffective agronomic techniques and ineffective resource management will be key inhibitors for the Nigeria starch processing market.

Nigeria Starch Processing Market

Opportunity

  • Availability of affordable raw materials for the starch manufactures

The agricultural cultivation of plants with a high starch content, such as potatoes, wheat, corn (maize), cassava, and rice, serves as the primary supply of raw materials for synthesizing starch. The choice of raw material will rely on the possibilities for agricultural production in the production locations. Nigeria produces the most starch crops, and many acres are cultivated there. Because of this, starch manufacturers may readily get the highest production raw materials at reasonable costs. This easily accessible and reasonably priced natural resource gives producers many opportunities, such as obtaining more starch from fewer investments and spending the remaining investment on research and product development.

This region's abundance of raw materials is the primary factor driving opportunities for starch manufacturers to grow in the market.

Challenge

  • Limited starch processing mills and manufactures

The majority of the world's cassava is produced in Nigeria. Despite being the world's greatest producer of cassava, Nigeria lacks the factories and industries necessary to process and turn the root vegetable into industrial raw materials; as a result, it is primarily consumed locally as fufu or gari. As a result of the majority of them providing certain essential infrastructures for the day-to-day functioning of their plants, which drives up the cost of production, the government's attempt to support local starch processors is negligible. There are challenges for the starch makers due to inadequate processing facilities and deterioration of raw materials due to the high production costs and limited government support.

Recent Developments

  • In July 2022, Golden Agri Inputs Ltd, a subsidiary under the Agro-Allied Division of Flour Mills of Nigeria Plc (FMN), launched a Maize and Soybean Value Chain Development Programme for farmers called YALWA (Abundance) in Kaduna State following an official MoU signing ceremony with the State Government.
  •  In May 2022, The Greenhills Cassava Farmstead team launched the second scheme at Ihunbo Ogun, State Nigeria. The Ihunbo farm is a 50-hectare farmland with a Certificate of Occupancy from the Ogun State Government.

Nigeria Starch Processing Market Scope

Nigeria starch processing market is segmented based on origin, input crop, application, form, category, and industry. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Origin 

  • Imported
  • Domestic 

On the basis of origin, Nigeria starch processing market is segmented into imported and domestic. 
Input crop 

  • Cassava 
  • Maize/corn 
  • Potatoes 
  • Rice 
  • Others

On the basis of input crop, Nigeria starch processing market is segmented into cassava, maize/corn, potatoes, rice, and others.
Application 

  • Food grade 
  • Non-food grade

On the basis of application, Nigeria starch processing market is segmented into food grade and non-food grade.

Form 

  • Liquid
  • Dry

On the basis of form, the Nigeria starch processing market is segmented into liquid and dry.

Category 

  • Conventional 
  • Organic

On the basis of category, Nigeria starch processing market is segmented into conventional and organic.

Industry 

  • Food industry 
  • Pharmaceutical industry
  • feed industry
  • Others 

Nigeria Starch Processing Market

On the basis of industry, Nigeria starch processing market is segmented into food industry, pharmaceutical industry, feed industry, and others.

Starch Processing Market Regional Analysis/Insights

The starch processing market is analyzed, and market size insights and trends are provided by origin, input crop, application, form, category, and industry, as referenced above.

The country covered in the starch processing market report is Nigeria.

The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Starch Processing Market Share Analysis

The starch processing market competitive landscape provides details of a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies focus on the starch processing market.

Some of the major players operating in starch processing market are Orient Global Manufacturing, Olo Industries Limited, Greenhills Farmstead, Matna Foods Ltd., Niji Group, FMN Plc., Ekcel Farms Limited, GIVANAS GROUP, Nsmfoodslimited, Ifgreen Industries, Crest Agro Products Farms., GreenTech Industries Ltd., and ACSMIN Nig. among others.


SKU-

TABLE 1 NIGERIA STARCH PROCESSING MARKET, BY ORIGIN, 2021-2030 (USD MILLION)

TABLE 2 NIGERIA STARCH PROCESSING MARKET, BY ORIGIN, 2021-2030 (THOUSAND TONS)

TABLE 3 NIGERIA STARCH PROCESSING MARKET, BY INPUT CROP, 2021-2030 (USD MILLION)

TABLE 4 NIGERIA STARCH PROCESSING MARKET, BY INPUT CROP, 2021-2030 (THOUSAND TONS)

TABLE 5 NIGERIA STARCH PROCESSING MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 6 NIGERIA STARCH PROCESSING MARKET, BY APPLICATION, 2021-2030 (THOUSAND TONS)

TABLE 7 NIGERIA STARCH PROCESSING MARKET, BY INDUSTRY, 2021-2030 (USD MILLION)

TABLE 8 NIGERIA STARCH PROCESSING MARKET, BY INDUSTRY, 2021-2030 (THOUSAND TONS)

TABLE 9 NIGERIA STARCH PROCESSING MARKET, BY FORM, 2021-2030 (USD MILLION)

TABLE 10 NIGERIA STARCH PROCESSING MARKET, BY FORM, 2021-2030 (THOUSAND TONS)

TABLE 11 NIGERIA STARCH PROCESSING MARKET, BY CATEGORY, 2021-2030 (USD MILLION)

TABLE 12 NIGERIA STARCH PROCESSING MARKET, BY CATEGORY, 2021-2030 (THOUSAND TONS)

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Research Methodology:

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The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Nigeria Starch Processing Market is projected to grow at a CAGR of 5.2% during the forecast period by 2030.
The future market value of the Nigeria Starch Processing Market is expected to reach USD 574.11 million by 2030.
The major players in the Nigeria Starch Processing Market are Orient Global Manufacturing, Olo Industries Limited, Greenhills Farmstead, Matna Foods Ltd., Niji Group, FMN Plc., Ekcel Farms Limited, GIVANAS GROUP, Nsmfoodslimited, Ifgreen Industries, etc.
The Nigeria Starch Processing Market is segmented on the basis of origin, input crop, application, form, category, and industry.
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