The global industrial starch market is expected to post a CAGR of nearly 7% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the diverse uses of industrial starch. Industrial starch is extensively used in commercial and industrial applications. It is a polysaccharide found in green plants, and the majority of it is used in the food and beverage segment. In industrial applications, industrial starch is used in paper and cardboard making, fermentation, biofuels, biodegradable plastics, biopesticides, detergents, surfactants, cosmetic applications, textile, mining applications, pharmaceuticals, printing inks, and liquid detergents.
This market research report on the global industrial starch market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the rising consumption of industrial starch due to its functional properties as one of the key emerging trends in the global industrial starch market:
Global industrial starch market: Rising consumption due to its functional properties
Based on the composition of raw materials, raw material source, and the level of processing, industrial starch is available in different forms. The functional properties of industrial starch resemble the properties of amylose and amylopectin. Different raw materials such as corn, wheat, tapioca, potato, maize, rice, amaranth, and arrowroot are used to derive industrial starch. The ratio of amylose and amylopectin, functional properties, and composition of the raw materials regulate the quality, viscosity, solubility, and resistance to high temperatures.
Industrial starch with high concentrations of amylose and amylopectin contains a smooth texture when compared to gelatinized starch. Industrial starch has brilliant gelling properties, viscosity, and strength. It is extensively used as a thickener, sweetener, binder, and stabilizer in food products. It has high resistance towards heating or shearing and prevents undesired hydration, says a senior analyst at Technavio for research on additives, adhesives, and sealants.
Global industrial starch market: Segmentation analysis
This market research report segments the global industrial starch market by application (food and beverage, paper, cardboard and corrugation, textiles, and others) and geographical regions (APAC, EMEA, and the Americas).
The food and beverage segment held the largest market share in 2018, accounting for nearly 38% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2018 with a market share of nearly 40%. This region is expected to dominate the market through 2023.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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