Native starch market to be aided by the expected growth in the global starch market at a cagr of 4.5

Author: Mathew Williams

According to a new report by EMR titled, ‘Global Native Starch Market Report and Forecast 2019-2024’, the global native starch market is being driven by the growing global starch market which attained a volume of nearly 89 million metric tons in 2018. The global starch market is further expected to grow at a CAGR of 4.5% between 2019 and 2024 to attain a production volume of 116 million metric tons by 2024.

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Competitive Landscape & Supplier Analysis:

  1. Cargill, Incorporated
  2. Tate & Lyle PLC (LON: TATE)
  3. Ingredion Inc (NYSE: INGR)
  4. Tereos Starch & Sweeteners s.a.s.
  5. Roquette Frères S.A.
  6. The cooperative Avebe U.A.
  7. AGRANA Beteiligungs AG

The global native starch market is being driven by its increased demand in both food and non-food sectors, owing to its favourable properties like water holding capacity and high viscosity, among others. The U.S. is the leading market as well as the major producer of the native starch, globally. The other significant markets for the product are the Asia Pacific and Europe. The starch production in Europe recorded a growth of around 2.3 million tons between 2004 and 2017. Out of the total starch production, native starch accounts for over 35% of the global output. The native starch can be obtained from diverse sources and is available in different forms, thus providing the manufacturers with the greater options.

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The expanding application of starch in the textile industry has increased the demand for the product, globally, thus, providing further impetus to the native starch market. In March 2019, Ingredion Incorporated (NYSE: INGR), a leading global ingredients solutions company, expanded its capacity through its acquisition of the US-based native and modified potato starch producer, Western Polymer. The acquisition has expanded the company’s higher-value specialty ingredients business that align with consumer trends and customers’ needs. To fulfil the increasing product demand, the companies are expanding their market. In February 2019, Cargill, the US-based food to retail company, announced that it will invest USD 22.7 million in its Sas Van Gent starch production facility in the Netherlands, hence expanding its production capacity.

Moreover, the increasing demand for vegan products in food and beverage sector is providing a further boost to the global native starch market. In July 2018, Ingredion launched three functional potato starches for reducing costs and optimising texture in processed cheese, further providing the optimum taste that the consumers demand. The company, with this launch, has tapped into the growing consumer demand for vegan products, which will enhance its business as well.

Market Breakup by Source:

  1. Corn
  2. Wheat
  3. Potato
  4. Cassava
  5. Rice

The different sources to produce native starch are corn, wheat, potato, cassava and rice, among others.

Market Breakup by Types:

  1. Corn Starch
  2. Wheat Starch
  3. Potato Starch
  4. Cassava Starch
  5. Rice Starch

Market Breakup by Forms:

  1. Gel
  2. Powder

Native starch is available in gel and powdered form, among others.

Market Breakup by Applications:

  1. Food Industry
  2. Paper Industry
  3. Textile Industry
  4. Pharmaceuticals
  5. Personal Care

Native starch finds application in sectors like food, paper, textile, pharmaceuticals, and personal care, among others.

Market Breakup by Regions:

  1. North America
  2. Europe
  3. Asia Pacific
  4. LATAM
  5. Middle East & Africa

Region-wise, the global native starch market can be divided into North America, Europe, Asia Pacific, LATAM, and Middle East and Africa.

Key Findings of the Report:

  1. With the increasing innovations in the food and beverage sector, the demand for native starch, particularly in ready-to-eat segment has increased, thus, aiding the global market.
  2. The growing number of vegans along with the rising demand for plant-based products is propelling the market forward.
  3. With the growing middle-class population and rising disposable incomes, the demand for convenient food has increased, which, in turn, aids the potato starch market.
  4. The growth of textile industry, particularly in the developing economies, further aids the market growth.

Key Offerings of the Report:

  1. The EMR report gives a detailed insight into the source, types, forms, applications, and regional markets for the global native starch market for the periods (2014-2018) and (2019-2024).
  2. The global trade data analysis for the year 2018 has been provided.
  3. The EMR report also provides the regional historical (2014-2018) and forecasted (2019-2024) price trends for native starch.

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