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Market Size in USD Billion
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| USD 574.11 | |
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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.
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.
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.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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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).
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Countries Covered
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Nigeria
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Market Players Covered
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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.
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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.
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers:
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.
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
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.
Opportunity
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
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
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
On the basis of origin, Nigeria starch processing market is segmented into imported and domestic.
Input crop
On the basis of input crop, Nigeria starch processing market is segmented into cassava, maize/corn, potatoes, rice, and others.
Application
On the basis of application, Nigeria starch processing market is segmented into food grade and non-food grade.
Form
On the basis of form, the Nigeria starch processing market is segmented into liquid and dry.
Category
On the basis of category, Nigeria starch processing market is segmented into conventional and organic.
Industry
On the basis of industry, Nigeria starch processing market is segmented into food industry, pharmaceutical industry, feed industry, and others.
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.
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-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF NIGERIA STARCH PROCESSING MARKET
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELLING
2.7 TYPE LIFELINE CURVE
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.9 DBMR MARKET POSITION GRID
2.1 VENDOR SHARE ANALYSIS
2.11 MARKET APPLICATION COVERAGE GRID
2.12 SECONDARY SOURCES
2.13 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 LIST OF KEY CUSTOMERS, BY APPLICATION
4.1.1 FOOD GRADE
4.1.2 NON FOOD GRADE
4.2 LIST OF KEY CUSTOMERS, BY INPUT CROP
4.2.1 CASAVA
4.2.2 CORN
4.2.3 OTHERS
4.3 LIST OF KEY CUSTOMERS, BY ORIGIN
4.3.1 DOMESTIC
4.3.2 IMPORTED
4.4 LIST OF KEY CUSTOMERS
4.4.1 GLUCOSE
4.4.2 SORBITOL
4.4.3 MONO SODIUM GLUTAMATE (MSG)
4.5 NIGERIA STARCH MARKET, CUSTOMER'S BUYING CRITERIA
4.5.1 OVERVIEW
4.5.2 SOCIAL FACTORS
4.5.3 CULTURAL FACTORS
4.5.4 PERSONAL FACTORS
4.5.5 INDUSTRIAL FACTORS
4.5.6 ECONOMIC FACTORS
4.5.7 CUSTOMERS' RESPONSE
4.5.8 CONCLUSION
4.6 LIST OF KEY CUSTOMERS, BY INDUSTRY
4.6.1 FOOD
4.6.2 PHARMACEUTICALS
4.6.3 INDUSTRY
4.7 IMPORTS IN NIGERIA, 2021, (THOUSAND TONS)
4.8 NIGERIA STARCH MARKET, MACROECONOMIC FACTOR COVERAGE
4.8.1 INFLATION
4.8.2 GROSS DOMESTIC PRODUCT (GDP)
4.8.3 POSITIVE FACTOR
4.8.4 NEUTRAL FACTORS
4.8.5 NEGATIVE FACTOR
4.8.6 CONCLUSION
4.9 TOP-5 CASSAVA CROP PRODUCING, STATES OF NIGERIA
4.1 SUPPLY CHAIN OF NIGERIA STARCH PROCESSING MARKET
4.10.1 RAW MATERIAL PROCUREMENT
4.10.2 PREPARATION OF STARCH IN STARCH PROCESSING UNIT
4.10.3 MARKETING AND DISTRIBUTION
4.10.4 END USERS
4.11 VALUE CHAIN ANALYSIS: CASSAVA
5 MARKET OVERVIEW
5.1 DRIVERS
5.1.1 INCREASE IN THE DEMAND FOR STARCH IN THE FOOD & BEVERAGES INDUSTRY
5.1.2 GROWTH APPLICATION IN PHARMACEUTICAL INDUSTRIES FOR HEALTH-IMPROVING DRUGS AND SYRUPS
5.1.3 INCREASE IN THE DEMAND FOR NON-FOOD GRADE STARCH PRODUCTS
5.1.4 RISE IN THE DEMAND FOR CASSAVA STARCH TO REDUCE DEPENDENCY ON IMPORTS AND FOREIGN EXCHANGE
5.2 RESTRAINTS
5.2.1 INEFFECTIVE AGRONOMIC PRACTICES AND INEFFICIENT MANAGEMENT OF PRODUCTION RESOURCES
5.2.2 HUGE ECONOMIC LOSS DUE TO CROP DISEASE, INFESTATION, AND PESTS ASSOCIATED WITH STARCH CROP
5.2.3 SHORT SHELF LIFE AND HIGH FEASIBILITY OF CONTAMINATION
5.3 OPPORTUNITIES
5.3.1 AVAILABILITY OF AFFORDABLE RAW MATERIALS FOR THE STARCH MANUFACTURES
5.3.2 INCREASE IN THE TREND OF CULTIVATION OF STARCH CROP LEAD TO EMPLOYMENT OPPORTUNITIES
5.3.3 RISE IN THE BUSINESS AND INVESTMENT PLANS BY MANUFACTURERS IN THE COUNTRY
5.4 CHALLENGES
5.4.1 LIMITED STARCH PROCESSING MILLS AND MANUFACTURES
5.4.2 HIGH DEMAND FOR IMPORTED STARCH THAN DOMESTICALLY PRODUCED STARCH
5.4.3 FLUCTUATION IN STARCH PRICE DUE TO IMPORT
6 NIGERIA STARCH PROCESSING MARKET, BY ORIGIN
6.1 OVERVIEW
6.2 IMPORTED
6.3 DOMESTIC
7 NIGERIA STARCH PROCESSING MARKET, BY INPUT CROP
7.1 OVERVIEW
7.2 CASSAVA
7.3 MAIZE/CORN
7.4 POTATOES
7.5 RICE
7.6 OTHERS
8 NIGERIA STARCH PROCESSING MARKET, BY APPLICATION
8.1 OVERVIEW
8.2 FOOD GRADE
8.3 NON-FOOD GRADE
9 NIGERIA STARCH PROCESSING MARKET, BY INDUSTRY
9.1 OVERVIEW
9.2 FOOD INDUSTRY
9.3 PHARMACEUTICAL INDUSTRY
9.4 FEED INDUSTRY
9.5 OTHERS
10 NIGERIA STARCH PROCESSING MARKET, BY FORM
10.1 OVERVIEW
10.2 DRY
10.3 LIQUID
11 NIGERIA STARCH PROCESSING MARKET, BY CATEGORY
11.1 OVERVIEW
11.2 CONVENTIONAL
11.3 ORGANIC
12 NIGERIA STARCH PROCESSING MARKET, BY REGION
13 COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: NIGERIA
14 SWOT ANALYSIS
15 COMPANY PPROFILE
15.1 FMN PLC.
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 PRODUCT PORTFOLIO
15.1.4 RECENT DEVELOPMENT
15.2 MATNA FOODS LTD.
15.2.1 COMPANY SNAPSHOT
15.2.2 PRODUCT PORTFOLIO
15.2.3 RECENT DEVELOPMENT
15.3 CREST AGRO PRODUCTS FARMS.
15.3.1 COMPANY SNAPSHOT
15.3.2 PRODUCT PORTFOLIO
15.3.3 RECENT DEVELOPMENT
15.4 GREENHILLS FARMSTEAD
15.4.1 COMPANY SNAPSHOT
15.4.2 PRODUCT PORTFOLIO
15.4.3 RECENT DEVELOPMENT
15.5 EKCEL FARMS LIMITED
15.5.1 COMPANY SNAPSHOT
15.5.2 PRODUCT PORTFOLIO
15.5.3 RECENT DEVELOPMENT
15.6 ACSMIN NIG.
15.6.1 COMPANY SNAPSHOT
15.6.2 PRODUCT PORTFOLIO
15.6.3 RECENT DEVELOPMENT
15.7 GIVANAS GROUP
15.7.1 COMPANY SNAPSHOT
15.7.2 PRODUCT PORTFOLIO
15.7.3 RECENT DEVELOPMENT
15.8 GREENTECH INDUSTRIES LTD.
15.8.1 COMPANY SNAPSHOT
15.8.2 PRODUCT PORTFOLIO
15.8.3 RECENT DEVELOPMENT
15.9 IFGREEN INDUSTRIES
15.9.1 COMPANY SNAPSHOT
15.9.2 PRODUCT PORTFOLIO
15.9.3 RECENT DEVELOPMENT
15.1 NIJI GROUP
15.10.1 COMPANY SNAPSHOT
15.10.2 PRODUCT PORTFOLIO
15.10.3 RECENT DEVELOPMENT
15.11 NSMFOODSLIMITED
15.11.1 COMPANY SNAPSHOT
15.11.2 PRODUCT PORTFOLIO
15.11.3 RECENT DEVELOPMENT
15.12 OLO INDUSTRIES LIMITED
15.12.1 COMPANY SNAPSHOT
15.12.2 PRODUCT PORTFOLIO
15.12.3 RECENT DEVELOPMENT
15.13 ORIENT GLOBAL MANUFACTURING
15.13.1 COMPANY SNAPSHOT
15.13.2 PRODUCT PORTFOLIO
15.13.3 RECENT DEVELOPMENT
16 QUESTIONNAIRE
17 RELATED REPORTS
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)
FIGURE 1 NIGERIA STARCH PROCESSING MARKET: SEGMENTATION
FIGURE 2 NIGERIA STARCH PROCESSING MARKET: DATA TRIANGULATION
FIGURE 3 NIGERIA STARCH PROCESSING MARKET: DROC ANALYSIS
FIGURE 4 NIGERIA STARCH PROCESSING MARKET: MARKET ANALYSIS
FIGURE 5 NIGERIA STARCH PROCESSING MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 NIGERIA STARCH PROCESSING MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 NIGERIA STARCH PROCESSING MARKET: DBMR MARKET POSITION GRID
FIGURE 8 NIGERIA STARCH PROCESSING MARKET: VENDOR SHARE ANALYSIS
FIGURE 9 NIGERIA STARCH PROCESSING MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 10 NIGERIA STARCH PROCESSING MARKET: SEGMENTATION
FIGURE 11 INCREASING DEMAND FOR STARCH IN THE FOOD & BEVERAGES INDUSTRY AND GROWING APPLICATION IN PHARMACEUTICAL INDUSTRIES FOR HEALTH-IMPROVING DRUGS AND SYRUPS ARE THE KEY DRIVERS FOR THE NIGERIA STARCH PROCESSING MARKET IN THE FORECAST PERIOD OF 2023 TO 2030
FIGURE 12 ORIGIN SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NIGERIA STARCH PROCESSING MARKET IN 2022 & 2030
FIGURE 13 SUPPLY CHAIN OF STARCH
FIGURE 14 VALUE CHAIN OF CASSAVA
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF NIGERIA STARCH PROCESSING MARKET
FIGURE 16 NIGERIA STARCH PROCESSING MARKET, BY ORIGIN, 2022
FIGURE 17 NIGERIA STARCH PROCESSING MARKET, BY INPUT CROP, 2022
FIGURE 18 NIGERIA STARCH PROCESSING MARKET, BY APPLICATION, 2022
FIGURE 19 NIGERIA STARCH PROCESSING MARKET, BY INDUSTRY, 2022
FIGURE 20 NIGERIA STARCH PROCESSING MARKET, BY FORM, 2022
FIGURE 21 NIGERIA STARCH PROCESSING MARKET, BY CATEGORY, 2022
FIGURE 22 NIGERIA STARCH PROCESSING MARKET: COMPANY SHARE 2022 (%)
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Nigeria Starch Processing Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Nigeria Starch Processing Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
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