Food Starch is a polymeric carbohydrate consist of numerous glucose units joined by glycosidic bonds. Starchy foods such as potatoes, bread, rice, pasta and cereals are the main source of carbohydrates and have an important role in a healthy diet. The global food starch market is competitive and driven by an increase in the trend of health and wellness. The global food starch market size was valued at $18.9 billion in 2018 and is projected to reach $29.1 billion by 2026, registering a CAGR of 5.8% during the forecast period 2019 to 2026.
Global food starch market is segmented on the basis of raw material, type, end user and region:
- Based on raw material, the food starch Market is segmented on the basis of maize, wheat and others.
- Based on type, the food starch Market is segmented on the basis of modified starch, native starch and sweeteners
- Based on end user, the food starch market is segmented on the basis of business to business and business to consumer.
- Based on geographical region, the food starch market is segmented among North America (US, Canada and Mexico), Europe (UK, Germany, France, Italy, Spain and rest of the world), Asia Pacific ( China, India Japan, ASEAN, and rest of Asia Pacific) and LAMEA (Latin America, Middle East and Africa).
Dynamics of global food starch market are:
The global food starch market has witnessed an exceptional growth in last few years due to development of the food and beverage industry, innovation in food system and improvement in logistics. Increase in consumer disposable income leads to increase in affordability which ultimately increases the demand for food. Moreover, expansion of food processing industry across all over the globe boosted the demand for food ingredients and have a positive impact on the demand for food starch. Moreover, consumer preference towards ready-to-eat, cost effective and clean label products increases the demand for food.
Market players in the Global Food Starch Market are:
Agrana, National Starch Food Innovation, Grain Processing Corporation, Cargill Incorporated, Roquette Fereres Sa, Tata and lyle- tereos syra are some major players included in the research study of the global food starch market.
Snapshot of investment done in global food starch Market:
Archer Daniels Midland Company acquired 50% equity stake in sweeteners and starches business of Aston foods AG’s food and food ingredients. This would help company to expand its business in North Africa and Europe. Cargill invested $15 million in its existing premix and nutrition facility in China. Ingredion Incorporated launched precisa 680 starch which was used in cheese making. Tate and lyle plc completed a major expansion of its laboratory in Singapore which is a hub for food and beverage formulation. Beneo-Remy has developed clean and natural label starch with same properties comparable to chemically modified starches. AGRANA is investing in modern and environmentally sensitive methods of production to manufacture top quality starch products. Cargill industry is focusing on production of clean label starch and also marketing their products through sim pure brand. Novo alpi sri, an Italian food manufacturing company brings Innovation in their product and provide ready to eat cake and slices made by using natural maize starch.
Approval from regulatory bodies— A major challenge for starch manufacturer globally
The US market has strict regulations regarding health claims for modified starch. However, there is no claim for food additives but structural or functional claims are permitted. Whereas, the Asian market are lenient in their regulations. But European Markets have the strictest regulations regarding health claim for modified starch. Manufactures are facing challenges in production and distributers are facing challenges in distribution owing to these strict laws and regulations governing the modified starch market
The global food starch market experienced an expected proliferate growth in the recent years. Advancement in technologies for modification of starch took the growth of the market at new heights. Development of new product proved to be effective and increase demand for starch food in the market. The next few years is expected to experience robust demand for food starch from developing countries of Asia-Pacific, Latin America and Africa regions.
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