The global native starch market reached a volume of 88.2 Million Tons in 2018, registering a CAGR of nearly 3% during 2011-2018. Native starch is a fine white powder with a neutral odor and taste, which is derived from maize, wheat, tapioca, potato, waxy maize, and high amylose maize. It is located primarily in the seeds, roots or tubers, stem pith, and fruit, and acts as a major energy reserve for plants. Native starch is employed as a binding, thickening and gelling agent that offers freeze-thaw stability, moisture retention and anti-staling properties. Moreover, it is insoluble in cold water and swells to different degrees depending on the temperature. Owing to these properties, it is currently being utilized in various food and non-food applications.
Starch represents one of the most abundant sources of carbohydrate which is used for preparing dishes such as soups, custard, sweets and sauces. This, coupled with the burgeoning food and beverage industry, is strengthening the growth of the global native starch market. Moreover, due to the increasing health awareness, the growing number of diabetic cases, unhealthy food consumption and sedentary lifestyles, there is a rise in the demand for low-calorie sweeteners. In addition to this, there is a rise in the demand for native starch, emerging especially from developing economies, on account of the growing economy, rapid urbanization, rise in the middle-class population and the increasing trend of westernization of food consumption patterns. Further, the usage of native starch is also expanding to non-food applications. Some of these applications include manufacturing of cosmetic products, pharmaceuticals, adhesives and paper. Looking forward, IMARC Group expects the market volume to reach 98.2 Million Tons by 2024.
Breakup by End Use:
At present, sweeteners represent the largest end-use segment. They are widely utilized in the food industry as a sugar substitute in products such as soft drinks, pastries and canned goods. The rising health-consciousness among consumers and a shift towards low-calorie food represents the major factor spurring the demand for non-sugar sweeteners worldwide.
Regional Analysis (Production):
On the basis of the production, the United States represents the biggest producer of corn and corn starch in the word.
Regional Analysis (Consumption):
Based on the consumption, Asia Pacific accounts for the majority of the total market share. A surge in demand for processed foods, altering lifestyles and inflating income levels is providing a thrust to the market growth. Additionally, the thriving textile industry in the region is projected to drive the market growth.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the key players operating in the industry. Some of these players include:
Key Questions Answered in This Report:
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