Due to the increasing demand and wide application of
industrial starches in various end-user industries, industrial starch market is
growing at an incremental pace of development on the global stage. Market
Research Future, a firm which specializes in market reports related to the
Food, Beverages & Nutrition sector among others, recently forecasted in its
report on Global Industrial Starch Market Research Report- Forecast to 2023
that the Industrial Starch market will demonstrate an exceptional CAGR.
Industrial Starch is an essential ingredient both for the food
and non-food industry. For starch production, raw materials constitute around
60 percent of the total cost incurred. Also, with the advancement of
technology, starch manufacturing units have adopted a full set of modern
technology, facilitating cost effective production. Various by products were
disposed of traditionally, but now as the manufacturers know the value of these
by product, they are now processed and used as valuable raw material in various
application. There has been huge demand of starch in production of
bio-degradable plastic. Industrial players rely on starch to produce
bio-degradable plastic as this plastic can be easily degraded by enzymatic
& chemical processes and the end product can be used as compost, and hence
used as fertilizers.
Industrial
Starch Market Analysis
Whereas, the non-food applications of starch include
corrugation & paper making, pharmaceutical, textile, cosmetics, animal feed
and other non-food applications. After food industry, the corrugation &
paper making industry is the largest consumer of starch. The increasing cost of
cellulose pulp has encouraged the paper producers to make a rational choice and
look at lower cost fillers. These fillers often require special modified
starches to bind them to the pulp. Along with the use of starches in the paper
and textile industries, it is also finds its application in biofuel and
bioethanol market. There is increasing interest in some starchy crops in the
production of biofuel and bioethanol production. Other non-food applications
include mining & drilling, construction & building, adhesive, and
chemical industries.
Global Industrial Starch Market - Competitive
Analysis
The industrial starch market is competitive with major market
players operating at the global level. Most of the companies operating in this
market are focusing on expanding its operations across the geographies,
augmenting its capabilities and investing in research and development to offer
products with better functionality. With manufacturers aiming to capture a
considerable share of the market segment as early as possible, they are
competing and experimenting with various advantage points from both supply and
demand side. T
Starch industry is fragmented, for instance, the Chinese corn
starch industry is highly fragmented with 14 leading corn-processing companies
accounting for about 50% of China’s total corn processing capacity. The
industry is likely to consolidate into fewer, larger companies through mergers,
acquisitions and closures of small outmoded plants. ADM’s net sales from
starches and sweeteners segment increased by 15.4% to USD 48.9 billion in 2011
from 2010 due to improved US demand from industrial starches. But the operating
profit from sweeteners and starches segment decreased from USD 320 to USD 209
million due to increased corn/raw material prices.
Global Industrial Starch Market – Segments
The global Industrial Starch market has been divided into
type, form, application, and region.
On The Basis Of Type: Sweeteners, Modified Starch and Native
Starch
On The Basis Of Form: Powder, Liquid, and Gel
On The Basis Of Application: Food & Beverages (Confectionery,
Processed food, Beverages, and Others) and Non-Food (Corrugation & Paper
making, Pharmaceuticals, Textile, Personal Care, and Others)
On The Basis Of Region: North America, Europe, Asia
Pacific, and ROW.
Complete Report Details @ https://www.marketresearchfuture.com/reports/industrial-starches-market-2060
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