Starch is crucial in modern society and an essential ingredient in various industries. 

From food processing to pharmaceuticals, cosmetics to paper manufacturing, starch is a key component in many products we use daily. There are so many starch exporters from India

Global starch consumption is expected to rise significantly by 2024 due to several causes, including growing health consciousness, a growing need for natural ingredients, and expanded application areas. 

Recent reports indicate a promising outlook for the starch market, with expected continued growth in the coming years. 

The growing demand for convenience food items, consumer awareness of clean-label ingredients, and the expansion of industrial applications are some of the reasons propelling the considerable growth of the worldwide starch market. 

Let’s look into the current trends, market size, projections, COVID-19 impact, and more.

Types of Starch

The starch market is segmented by type (native starch vs. starch derivatives), source (corn, wheat, potato, cassava, etc.), and application (confectionery, bakery, dairy, beverages, etc.) 

There are several types of starch, each with its unique molecular structure and functional characteristics. Some of the most common types include:

– Potato Starch: Known for its neutral taste and clarity, potato starch is often used in food applications such as soups, sauces, and baked goods.

– Cornstarch: Derived from corn, this type of starch is a famous thickening agent in cooking and baking.

– Tapioca Starch: Extracted from the cassava plant, the tapioca starch is used in a variety of food products, including tapioca pudding and bubble tea.

Rice Starch: Obtained from rice grains, rice starch is often used in gluten-free baking and as a thickening agent in Asian cuisines.

– Wheat Starch: Commonly used in the production of noodles, wheat starch is also used as a thickener in soups and sauces.

– Arrowroot Powder: This starch, which comes from the arrowroot plant, is frequently used to food to thicken it up while baking or cooking.

– Mung Bean Starch: Made from mung beans, this starch is used in Asian cuisines and is known for its clear, gel-like texture.

– Kudzu Starch: Obtained from the kudzu plant, this starch is used in traditional Chinese medicine and cooking.

potato starch
potato starch

 

Current Market Trends

Market Trends

A number of developments have had an impact on the worldwide starch industry. One of these is consumers’ growing health consciousness, which has increased demand for natural and organic products. Additionally, the expanding application areas of starch, such as in the pharmaceutical and cosmetics industries, are driving market growth. Regional preferences and cultural habits also play a significant role in shaping starch consumption patterns, with certain regions favouring specific types of starch-based on culinary traditions and dietary preferences.

Regional Markets

The global starch market is geographically diverse, with leading regions including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Each region has its dominant suppliers and manufacturers, with local regulations and trade agreements impacting the starch market. For example, there is a growing demand for organic and non-GMO starch products in Europe, leading to increased production in these categories.

Market Segmentation

The starch market can be segmented based on type (native starch vs. starch derivatives), source (corn, wheat, potato, cassava, etc.), and application (confectionery, bakery, dairy, beverages, etc.). Each segment offers unique growth opportunities, with the potential for innovation and expansion in areas such as gluten-free products, clean-label ingredients, and sustainable packaging solutions.

Clean Label Starch:  

Many consumers are increasingly looking for natural and clean-label products, leading to a surge in the demand for clean-label starch solutions.

Sustainable Sourcing:

Sustainability is a key focus in the starch market, with companies adopting sustainable sourcing practices.

Digital Transformation:  

Technological advancements are revolutionizing the starch industry through automation, data analytics, and supply chain optimization.

Impact of COVID-19 and Geopolitical Events

The starch market witnessed disruptions due to the COVID-19 pandemic, with supply chain challenges and fluctuating demand patterns. Geopolitical events also impacted trade dynamics, leading to price fluctuations and market uncertainties.

Segmentation Analysis

By Type

 Edible Starch:  Used in food products like noodles, soups, and baked goods.

 Industrial Starch:  Applications in adhesives, paper, textiles, and pharmaceuticals.

By Application

Food & Beverages:  The largest consumer of starch, driven by the demand for processed and convenience foods.

Textiles & Paper:  Industrial starch finds applications in various industries for manufacturing processes.

Market Drivers and Restraints

The global starch market is expected to experience significant growth in the coming years. According to recent reports, the global starch market size was valued at USD 43070 million in 2023 and is forecast to reach a readjusted size of USD 39.2 billion by 2032, exhibiting a CAGR of 4.56% during the forecast period.

Demand for Modified Starch:  The increasing need for modified starch in various industrial applications drives market growth.

Starch in Food and Beverage:  The shift towards natural ingredients in the food industry is boosting the demand for starch solutions.

Demand for Modified Starch

Regional Insights

North America

The demand for clear-cut labels and organic products drives the North American starch market.

Europe

Europe is a significant market for starch applications in industries like textiles and paper.

Asia-Pacific region 

The Asia-Pacific region is experiencing rapid growth in the starch market due to the increasing population and industrialization.

Future Market Opportunities

The future of the global starch market holds promising opportunities in areas like sustainability, digitalization, and innovative product development. Companies that adapt to these trends will likely thrive in the evolving market landscape.

The global starch market is expected to continue its growth trajectory, with projections indicating steady growth rates and an increase in the total market size. The future of the starch market will be shaped by variables, including legislative changes, shifting consumer behaviour, and technology breakthroughs, which will open up new companies and consumer prospects.

Conclusion

The global native starch market size reached 96.2 Million Tons in 2023 and is expected to reach 111.2 Million Tons by 2032

The above statistics show that the global starch market plays a vital role in modern society, with diverse applications across various industries. 

Customers and organizations hoping to profit from this expanding sector must know the trends, obstacles, and possibilities in the starch market. 

Continued investment in research and development, along with a focus on sustainability and innovation, will ensure the long-term growth and success of the starch market.

Leave a comment