The latest report by IMARC Group, titled “Native Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global native starch market exceeded a volume of 87 Million Tons in 2017, growing at a CAGR of nearly 3% during 2010-2017. Native starch is a pure form of starch which is tasteless, odorless and white in color. It is derived from various sources, such as tapioca, rice, potato, corn, amylose, maize, wheat, etc. Native starch is easily available in the market in both powdered and gel form at reasonable prices. It offers thickening, gelling, moisture retention and antistaling properties, owing to which native starch finds applications in various end-use industries ranging from food, paper, textile and cosmetic to chemical, pharmaceutical and petrochemical.
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Market Trends:
In the food industry, native starch has gained prominence as a thickener, stabilizer and dough binder. Due to these properties, it is extensively used in the preparation of creamy spreads and fillings, dairy products, dry mix soups, sauces, salad dressings, custards, processed meat, canned goods, confectionery and bakery items. Some of the other end-users which rely on native starch are cosmetic and pharmaceutical industries where it is utilized for manufacturing body and hand cleansing products, hair care products, etc. and in the formulation of tablets, excipients, and capsule diluents, respectively. Further, native starch is readily replacing modified starch as it can be integrated with other label-friendly ingredients. For instance, a blend of tapioca and potato starch is used to prepare sauces as well as some hydrocolloids to achieve the required texture and stability. Due to the aforementioned factors, the market is projected to reach a volume of more than 95 Million Tons by 2023.
Global Native Starch Market Summary:
Market Segmentation by Feedstock
1. Corn
2. Wheat
3. Cassava
On the basis of feedstock, the market has been segmented into corn, wheat and cassava. Currently, corn represents the most popular feedstock used for the production of native starch.
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Market Segmentation By End Use
1. Sweeteners
2. Ethanol
3. Food Industries
4. Paper Industries
5. Others
Based on end-users, the report finds that sweeteners hold more than a third of the total market share. This can be attributed to the increasing usage of sweeteners as a sugar substitute in products such as soft drinks, pastries and canned goods. Other major end-users include ethanol, food and paper industries.
Market Segmentation By Region
1. United States
2. European Union
3. China
4. Others
On a geographical front, the United States dominates the native starch market, accounting for the majority of the global production. The United States is followed by the European Union and China.
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being Cargill, Ingredion, ADM, Tate & Lyle and Roquette.
Browse similar reports by IMARC Group
Global Potato Starch Market Report 2018-2023: https://www.imarcgroup.com/potato-starch-market
Global Cassava Starch Market Report 2018-2023: https://www.imarcgroup.com/cassava-starch-processing-plant
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