Food Starch Market Analysis By Application (Bakery & Confectionery, Dairy Products, Processed Foods, Beverages, Others), By Type (Corn Starch, Potato Starch, Wheat Starch, Rice Starch, Others), and By Region Forecast to 2032

Report Overview

The Food Starch Market size is estimated to grow at a CAGR of 5.12% between 2022 and 2032. The market size is forecast to increase by USD 8,765.32 million. The growth of the market depends on several factors, including the rising demand for convenience foods, increasing consumer awareness about clean label products, and the growing food and beverage industry. Food starch refers to a carbohydrate extracted from various sources, such as corn, wheat, potato, and tapioca. It is widely used as a thickening agent, stabilizer, and texture enhancer in a variety of food and beverage products. Food starch provides functional properties like viscosity, texture, and stability, making it an essential ingredient in the food industry.

Food Starch Market Overview

Drivers

One of the key factors driving the food starch market growth is the rising demand for convenience foods. With changing lifestyles and busy schedules, consumers are increasingly opting for ready-to-eat and processed food products. Food starch plays a crucial role in enhancing the texture, stability, and mouthfeel of these convenience foods. It helps in maintaining the desired consistency and improving the overall sensory experience of the products. As a result, the demand for food starch is expected to witness significant growth in the forecast period.

Moreover, the increasing consumer awareness about clean label products is driving the demand for natural and organic food ingredients. Food starch derived from natural sources, such as corn and tapioca, is considered clean label and is preferred by health-conscious consumers. Clean label products are free from artificial additives, preservatives, and genetically modified organisms (GMOs). The growing preference for clean label foods is expected to boost the demand for natural food starch in the market.

Trends

A key trend shaping the food starch market growth is the development of modified starches. Modified starches are starch derivatives that have been chemically or physically modified to enhance their functional properties. These modified starches offer improved stability, texture, and thickening capabilities compared to native starches. They find extensive applications in various food and beverage products, including sauces, dressings, bakery products, and confectionery. The demand for modified starches is driven by the need for specific functionalities and performance requirements in food formulations. As a result, manufacturers are focusing on developing innovative modified starches to cater to the evolving needs of the food industry.

Additionally, there is a growing trend of using resistant starch in food products. Resistant starch is a type of starch that resists digestion in the small intestine and functions as dietary fiber. It offers various health benefits, including improved gut health, blood sugar control, and weight management. The demand for resistant starch is driven by the increasing consumer interest in functional foods and the growing awareness of the importance of a healthy diet. Food manufacturers are incorporating resistant starch into their products to meet the demand for healthier food options.

One of the key challenges hindering the food starch market growth is the availability of alternative ingredients. There are several alternative ingredients available in the market that can serve similar functions as food starch. For example, gums, pectin, and gelatin can be used as thickening agents and stabilizers in food products. These alternative ingredients offer similar functionalities and may sometimes be preferred due to specific requirements or consumer preferences. The availability of alternative ingredients poses a challenge to the growth of the food starch market.

Furthermore, the fluctuating prices of raw materials used in food starch production can impact the market growth. The prices of agricultural commodities, such as corn and wheat, are subject to various factors like weather conditions, supply-demand dynamics, and government policies. Any significant fluctuations in the prices of these raw materials can affect the cost of food starch production. Manufacturers may face challenges in maintaining competitive pricing and profitability in such situations.

Food Starch Market Segmentation By Application

The bakery segment is estimated to witness significant growth during the forecast period. Food starch plays a crucial role in the bakery industry as it provides texture, stability, and volume to baked goods. It helps in improving the crumb structure, moisture retention, and shelf life of bakery products. Food starch is used in various bakery applications, including bread, cakes, pastries, and cookies. The demand for bakery products is driven by changing consumer preferences, increasing urbanization, and the growing trend of snacking. As a result, the demand for food starch in the bakery segment is expected to grow significantly.

The snacks segment is another important application of food starch. Snack foods, such as chips, extruded snacks, and popcorn, often require a crispy and crunchy texture. Food starch is used as a coating agent to achieve the desired texture and enhance the sensory experience of these snacks. The growing demand for convenient and on-the-go snack options is driving the growth of the snacks segment, which, in turn, is expected to fuel the demand for food starch.

Food Starch Market Segmentation By Type

The corn starch segment is expected to dominate the food starch market during the forecast period. Corn starch is widely used in the food industry due to its versatile functional properties. It provides thickening, stabilizing, and gelling capabilities to a wide range of food products. Corn starch is used in various applications, including soups, sauces, gravies, desserts, and dairy products. The demand for corn starch is driven by its cost-effectiveness, availability, and wide range of applications in the food industry.

The potato starch segment is also witnessing significant growth in the food starch market. Potato starch is known for its excellent texture, clarity, and neutral taste. It is used in applications such as bakery, snacks, and meat products. Potato starch offers advantages like gluten-free, non-GMO, and clean label, making it a preferred choice for consumers with specific dietary requirements or preferences. The increasing demand for gluten-free and clean label products is driving the growth of the potato starch segment.

Regional Overview:

North America is estimated to contribute significantly to the growth of the global food starch market during the forecast period. The region has a well-established food and beverage industry, which drives the demand for food starch. The growing consumer preference for convenience foods, snacking, and clean label products is fueling the market growth in North America. Additionally, the presence of major food starch manufacturers and technological advancements in food processing further support the market growth in the region.

Europe is another prominent market for food starch. The region has a strong food culture and a high demand for bakery and confectionery products. Food starch is extensively used in European cuisines and food processing. The increasing consumer awareness about clean label products and the demand for natural and organic ingredients are driving the growth of the food starch market in Europe.

In 2020, during the COVID-19 pandemic, the food starch market witnessed a temporary slowdown due to disruptions in the supply chain and changes in consumer behavior. However, with the easing of restrictions and the gradual recovery of the food industry, the market is expected to regain momentum in the forecast period.

Food Starch Market Customer Landscape

The food starch market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Food Starch Market Companies?

Companies in the food starch market are implementing various strategies, such as product innovation, mergers and acquisitions, and partnerships, to enhance their market presence.

Some of the major companies operating in the food starch market include:

• Cargill, Incorporated
• Archer Daniels Midland Company
• Ingredion Incorporated
• Tate & Lyle PLC
• Roquette Frères
• Grain Processing Corporation
• AGRANA Beteiligungs-AG
• Avebe U.A.
• Emsland Group
• Tereos S.A.

The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:

• Kerry Group PLC
• Royal Cosun
• Sudzucker AG
• Manildra Group
• AVEBE
• BENEO GmbH
• China Essence Group Ltd.
• Universal Starch Chem Allied Ltd.
• Gujarat Ambuja Exports Ltd.
• Karandikars Cashell Private Limited

Qualitative and quantitative analysis of the food starch market has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The food starch market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.

• Application Outlook (USD Million, 2019 - 2032)
• Bakery & Confectionery
• Dairy Products
• Processed Foods
• Beverages
• Others
• Type Outlook (USD Million, 2019 - 2032)
• Corn Starch
• Potato Starch
• Wheat Starch
• Rice Starch
• Others
• Geography Outlook (USD Million, 2019 - 2032)
• North America
• The U.S.
• Canada
• Europe
• K.
• Germany
• France
• Rest of Europe
• APAC
• China
• India
• South America
• Chile
• Argentina
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa