New Delhi, September 07, 2017: The global native starch market is experiencing a stable growth. Its stabilizing and thickening properties have made it extremely popular in the industries such as sweeteners, ethanol, food, and paper.
According to the IMARC Group’s latest report titled, “Native Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global native starch market reached a volume of more than 84 Million Tons in 2016, growing at a CAGR of nearly 3% during 2009-2016. Native starch is a powder obtained from plants containing starch, without altering its chemical structure. It is a white, tasteless and odourless substance that acts as a stabilizer and a thickening agent. The properties of native starch such as its freeze-thaw stability and acid/alkali resistance, extrusion aid, and shelf-life extension make it suitable for various applications. Traditionally, it has been used in food applications, however, due it its abundance, numerous non-food applications of native starch have also evolved.
Highlights of the global native starch market:
- Expanding applications of native starch in the food and non-food sectors remain the major growth driving factor.
- Sweeteners represents the largest end-use segment.
- The United States dominates the global native starch market.
IMARC Group also quoted that the demand for native starch has increased globally due to an expansion in its applications, in both the food and non-food sectors. In the food sector, it is extensively used as a thickening as well as a texturing agent. Additionally, it is used in the preparation of dry soup mixes, food sauces and dessert puddings to control the viscosity. It is an essential ingredient in the confectionary, dairy and bakery products. The growing cosmetics industry is facilitating the demand for native starch as it is present in numerous hair and skin care products. These products are also gaining popularity among the consumers due to a rise in the inclination towards organic products. Apart from these, native starch also finds applications in the pharmaceutical and paper making industries. According to the report, the market is further expected to reach a volume of more than 95 Million Tons by 2022.
On the basis of types of feedstock used, the market has been segmented into corn, wheat and cassava. Currently, corn is the most popular feedstock used for the production of native starch worldwide. Sweeteners is the largest end-use segment, accounting for more than a third of the total market. Other end-use industries are ethanol, food, and paper industries. Region-wise, the United States represents the largest market for native starch, accounting for the majority of the global production. Other major regions include the European Union and China. On evaluating the competitive landscape, it is found that Cargill, Ingredion, ADM, Tate & Lyle, and Roquette are the key players operative in the market IMARC Group further added.
The report by IMARC Group has examined the global native starch market on the basis of:
Type of feedstock used:
- Food Industries
- Paper Industries
- United States
- European Union
- Tate & Lyle