What Has Been The Evolution of the Industrial Starch Market in Recent Years?
The industrial starch market has seen considerable growth due to a variety of factors.
• In the past few years, there has been a robust expansion in the size of the industrial starch market. The sector is predicted to grow from $98.43 billion in 2024 to a whopping $106.64 billion in 2025, with an impressive compound annual growth rate (CAGR) of 8.3%.
This historical growth trend can be traced back to the conventional application of starch in industries like food, paper, and textiles, the global population surge and the subsequent rise in food consumption, an increased desire for processed and convenient foods, the extension of the paper and packaging sector, along with growth in utilization of starch in the pharmaceutical and textile domain.
What Is the Forecasted Market Size and Growth Rate for The Industrial Starch Market?
The industrial starch market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the industrial starch market will undergo robust expansion in the forthcoming years, projecting a growth to $147.03 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%.
This predicted growth in the forecast period can be ascribed to the increased use of starch-based biofuels and renewable resources, wider application of starch in non-food industrial sectors like adhesives and textiles, rising demand for clean-label and natural ingredients across various sectors, ongoing research and development in modified and specialty starches, as well as increased application of starch in pet food and animal feed formulations. Key trends during the projected period comprise clean-label and natural starch products, starch-based adhesives and binders, resistant starch used in functional foods, modified starches enhancing texture and stability, and the advent of starch-based biomaterials and polymers.
Which Factors Are Boosting Growth In The Industrial Starch Market?
The growth of the industrial starch market is anticipated to be fuelled by the expansion of the pharmaceutical industry. This industry involves the research, development, and production of drugs and medicines (pharmaceuticals) implemented by both public and private entities. The pharmaceutical field employs starches for various purposes such as an excipient, a diluting agent for tablets and capsules, a disintegrator for tablets and capsules, a glidant, or a binder. For example, in August 2024, the Government of Canada, a federal institution based in Canada, reported that in 2022, domestic pharmaceutical exports expanded to 12.79 from 10.71 in 2021, and imports increased to 30.21 from 26.63 in 2021. Consequently, the escalating pharmaceutical industry will push forward the expansion of the industrial starch market.
What Key Areas Define The Segmentation Of The Global Industrial Starch Market?
The industrial starch market covered in this report is segmented –
1) By Product: Cationic Starch, Ethylated Starch, Oxidized Starch, Acid Modified Starch, Unmodified Starch
2) By Source: Corn, Wheat, Cassava, Potato, Other Sources
3) By Application: Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications
Subsegments:
1) By Cationic Starch: Cationic Modified Starch For Paper, Cationic Modified Starch For Textiles, Ethylated Starch
2) By Ethylated Starch: Ethylated Starch For Food Applications, Ethylated Starch For Industrial Applications
3) By Oxidized Starch: Oxidized Starch For Food Industry, Oxidized Starch For Non-Food Applications
4) By Acid Modified Starch: Acid Modified Starch For Food Products, Acid Modified Starch For Industrial Uses
5) By Unmodified Starch: Corn Starch, Potato Starch, Tapioca Starch
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How Are Emerging Trends Reshaping The Dynamics Of The Industrial Starch Market?
The trend of product innovation is increasingly gaining traction in the industrial starch market. Leading companies in this sector are concentrating on the development of innovative products to reinforce their market standing. To illustrate, Tate & Lyle, in June 2022, launched a novel non-GMO starch specifically tailored for use in sauces and dressings. This product was created with a view of providing stability and imparting a clean flavor profile which aligns with consumer predilection for natural components.
Who Are the Key Players in the Industrial Starch Market?
Major companies operating in the industrial starch market include:
• Cargill Inc.
• Archer Daniels Midland Company
• Grain Processing Corporation
• Tereos S.A.
• Manildra Group
• Everest Starch India Pvt Ltd
• AGRANA Beteiligungs-AG
• Ingredion Inc.
• Kent Nutrition Group Inc.
• Altia PLC
• Angel Starch and Food Pvt Ltd
• Japan Corn Starch Co Ltd
• Karandikars Cashell Private Limited
• Bangkok Starch Industrial Co Ltd
• Tate & Lyle Plc
• Penford Corporation.
• The cooperative Royal Avebe U.A.
• Beneo GmbH
• Südstärke GmbH
• Universal Starch Chem Allied Ltd.
• Visco Starch Pvt Ltd.
• SPAC Starch Products Limited
• Nexeo Solutions
• Penta Manufacturing Company
• Roquette Freres S.A
• Spectrum Chemicals & Laboratory Products
• Universal Preserv-A-Chem Inc.
What Is The Most Dominant Region In The Industrial Starch Market?
North America was the largest region in the industrial starch market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial starch market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
