The global industrial starch market size was valued at USD YY billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031, reaching USD YY billion by 2031.
The Asia-Pacific region dominated the market in 2024, accounting for over 40% share of the global revenue. The market growth is driven by the increasing demand for processed food, the growing paper and textile industries, and the rising use of starch in pharmaceutical applications.
Rising demand for processed food drives the industrial starch market growth
The growing demand for processed foods is a crucial factor propelling the industrial starch market forward. Starch is a popular thickening agent, stabiliser, and emulsifier in the food business. The growing global population, shifting dietary patterns, and rising disposable incomes are boosting demand for processed foods, which in turn is fuelling demand for industrial starch. A new analysis estimates that the global processed food business would be worth USD 7.2 trillion by 2031.
Growing Adoption of starch-based biodegradable plastics fuels demand
The increasing use of starch-based biodegradable polymers is a major factor boosting demand for industrial starch. With growing environmental concerns and limits on single-use plastics, the need for biodegradable alternatives is expanding. Because of their eco-friendliness, starch-based polymers generated from renewable sources such as maize and potato are gaining favour. The European Union will ban single-use plastics in 2024, increasing demand for starch-based biodegradable polymers in the region.
Fluctuations in raw material prices hinder the industrial starch market growth
The price variations of raw materials such as maize and wheat are a major constraint on the expansion of the industrial starch market. These agricultural commodities are the primary source of starch, and their prices fluctuate owing to a variety of factors such as weather, government policy, and worldwide supply and demand. Fluctuations in raw material costs can have an influence on starch manufacturers' profitability and impede market growth.
Native starch segment to dominate the global industrial starch market through 2031
In 2024, the native starch segment accounted for more than YY% of worldwide industrial starch market revenue. The segment is likely to maintain its dominance during the forecast period, owing to the abundant availability of raw materials and cheaper manufacturing costs as compared to modified starch and starch derivatives. Native starch's thickening and binding qualities make it widely used in the food and paper industries. In 2024, Cargill, Inc. increased its native starch production capacity in Brazil to accommodate rising food industry demand.
The modified starch segment is predicted to have the greatest CAGR of 6.5% between 2024 and 2031. Modified starch is created by altering native starch using physical, chemical, or enzymatic means to improve qualities like stability, texture, and dispersibility. The increased need for modified starch in the culinary, pharmaceutical, and textile industries is propelling the market forward.
Asia-Pacific to lead the industrial starch market through 2031
The Asia-Pacific region is predicted to lead the industrial starch market during the forecast period, accounting for more than YY% of global revenue by 2031. The region's dominating position is due to its big population, booming food processing industry, and rising disposable incomes. China and India are the primary drivers to the region's market growth, owing to increased demand for packaged goods and an expanding textile industry. In 2024, Roquette Frères constructed a new starch production plant in India to meet the region's expanding demand.
North America is predicted to be the second-largest market for industrial starch, propelled by high processed food consumption and rising demand for starch-based biodegradable polymers. The United States is the leading contributor to regional market growth, accounting for more than 80% of North American revenue in 2024.
The global industrial starch market is moderately concentrated, with a few prominent players controlling a significant portion of the market. The market's main companies are Cargill, Inc., Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, and Roquette Frères. To increase their market position, these companies are focussing on growing their manufacturing capacity, developing new goods, and forming strategic partnerships.
In 2024, Ingredion Incorporated would develop a new line of clean-label tapioca starches to address the growing demand for natural and organic food components. The same year, Tate & Lyle PLC formed a strategic alliance with a major Chinese starch producer to strengthen its influence in the Asia-Pacific region. The market is likely to see increased investment in R&D activities to create new starch products with improved functionality.
The increased demand for processed foods, combined with the increasing use of starch-based biodegradable plastics, is likely to fuel significant growth in the industrial starch industry. The Asia-Pacific region offers appealing potential for market players, owing to its big population and expanding food processing industry. Companies that focus on developing innovative starch products with increased functionality and sustainability are more likely to obtain a competitive advantage in the market.
Cargill, Incorporated
Archer Daniels Midland Company
Ingredion Incorporated
Tate & Lyle PLC
Roquette Frères
AGRANA Beteiligungs-AG
Grain Processing Corporation
Global Bio-chem Technology Group Company Limited
Manildra Group
Tereos Group
In April 2024, Cargill, Inc. increased its native starch production capacity in Brazil to suit rising food market demands.
In July 2024, Roquette Frères launched a new starch production factory in India to meet rising demand in the Asia-Pacific area.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)*
5. COMPANY PROFILES
5.1. Cargill, Incorporated
5.2. Archer Daniels Midland Company
5.3. Ingredion Incorporated
5.4. Tate & Lyle PLC
5.5. Roquette Frères
5.6. AGRANA Beteiligungs-AG
5.7. Grain Processing Corporation
5.8. Global Bio-chem Technology Group Company Limited
5.9. Manildra Group
5.10. Tereos Group (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising Demand for Processed Food
6.1.2. Growing Adoption of Starch-Based Biodegradable Plastics
6.1.3. Increasing Use of Starch in Pharmaceutical Applications
6.2. Market Drivers
6.2.1. Growing Food Processing Industry
6.2.2. Expanding Paper and Textile Industries
6.2.3. Rising Disposable Incomes in Emerging Economies
6.3. Market Restraints
6.3.1. Fluctuations in Raw Material Prices
6.3.2. Increasing Competition from Starch Alternatives
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Native Starch
7.1.1. Corn Starch
7.1.2. Wheat Starch
7.1.3. Potato Starch
7.1.4. Others
7.2. Modified Starch
7.2.1. Physical Modification
7.2.2. Chemical Modification
7.2.3. Enzymatic Modification
7.3. Starch Derivatives
7.3.1. Maltodextrin
7.3.2. Cyclodextrin
7.3.3. Glucose Syrup
7.3.4. Others
8. BY SOURCE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Corn
8.2. Wheat
8.3. Cassava
8.4. Potato
8.5. Others
9. BY FORM (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Dry
9.2. Liquid
10. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Food & Beverages
10.1.1. Bakery & Confectionery
10.1.2. Dairy & Frozen Desserts
10.1.3. Meat & Poultry Products
10.1.4. Others
10.2. Paper & Paperboard
10.3. Pharmaceuticals
10.4. Textiles
10.5. Animal Feed
10.6. Others
11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.2. Europe
11.2.1. Germany
11.2.2. France
11.2.3. United Kingdom
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. India
11.3.3. Japan
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Latin America
11.4.1. Brazil
11.4.2. Mexico
11.4.3. Rest of Latin America
11.5. Middle East & Africa
11.5.1. Saudi Arabia
11.5.2. South Africa
11.5.3. Rest of Middle East & Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
By Type:
Native Starch
Corn Starch
Wheat Starch
Potato Starch
Others
Modified Starch
Physical Modification
Chemical Modification
Enzymatic Modification
Starch Derivatives
Maltodextrin
Cyclodextrin
Glucose Syrup
Others
By Source:
Corn
Wheat
Cassava
Potato
Others
By Form:
Dry
Liquid
By Application:
Food & Beverages
Bakery & Confectionery
Dairy & Frozen Desserts
Meat & Poultry Products
Others
Paper & Paperboard
Pharmaceuticals
Textiles
Animal Feed
Others
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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