Market Scope
Market Research Future (MRFR) expects the native starches market to attain a moderate growth rate of 3.02% from 2020 to 2027 (review period).
Major Boosters and Impediments
The global market for native starch has been performing significantly well owing to the broad application range in food as well as non-food industries. The food industry utilizes native starch as a texture enhancer, thickening agent, stabiliser, moisture controller and dough binding agent. Exploding world population coupled with the expanding middle-class population has been favorable for the native starch industry. In view of consumers’ hectic schedules along with the surge in disposable incomes, there is heightened preference for convenient and instant food items. This has resulted in accelerated market growth for native starch over the years, since it is used extensively in a lot of processed products including salad dressings, dry mix soups, spreads, pudding powders and processed meats, to name a few.
The global industry is further boosted by native starch’s burgeoning applications in the textile sector, where it is used as a colour thickener, sizing agent, and finishing agent. Adhesive and paper industry are also rapidly emerging as prominent application areas for native starch. With growing environment consciousness, manufacturers as well as consumers are now increasingly utilizing potato and corn starch in place of conventional plastics. Popularly known as organic bioplastics, native starches are now used in the manufacturing of disposable cutlery and plates, given their disposable and sustainable properties.
The global market is filled with a number of local as well as international players who adopt strategies such as expansions, partnerships, and product innovations to bolster their standings. However, the most preferred tactic remains product innovations among the top manufacturers.
Top Companies
Top companies active in the global market for native starches include Roquette Frères (France), Ingredion Incorporated (U.S.), Tate Lyle PLC (U.K.), Cargill, Incorporated (U.S.), Grain Processing Corporation (U.S.), Archer Daniels Midland Company (U.S.), Agrana Beteiligungs-AG (Austria), to list a few.
These companies frequently undertake competitive strategies like product innovations and new launches as well as divestments to elevate their business standing, thereby upping their competitive edge.
Segmental Review
Source, form, and application are the top segments analysed in the MRFR report, in a bid to present a detailed understanding of the global native starches market revenue.
Native starches market analysis, with respect to source, has been considered for wheat, corn, potato, cassava, and others.
Forms in which the key product is available in the market include gel, powder, and more.
Major applications of native starches are food beverages as well as non-food application. The food applications are beverages, processed food, confectionery, and others. Non-food applications are personal care, corrugation and papermaking, textiles, pharmaceuticals, and others, which include construction building, mining drilling, chemicals, animal feed, adhesives, and more. Amplified consumption of confectionery worldwide will ensure that the food beverage segment captures a higher growth rate of 3.94% between 2020 and 2027. Pharmaceutical (non-food application) will be able to procure a growth rate of 3.15%, MRFR experts suggest.
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Regional Insight
Asia Pacific/APAC, Europe, North America, and RoW/rest of the world are the major regions mentioned in the MRFR report, in order to extensively detail the growth prospects of the native starches industry.
Asia Pacific is the market leader and should continue to thrive during the analysis period, in view of the fact that a large percentage of native starch is used in the production of ethanol, sweeteners, textiles and paper. As a result, the escalating demand for the mentioned products in the region is bound to create higher use of native starches market share in the coming years. Apart from this, native starch is also used for producing biodegradable polymers as well as plastics, which should also foster its demand in the region over the years ahead. Currently, Thailand accounts for the biggest market in the region, while China stands at the second position.
North America is another strong native starches market, given the heightened product demand in the cosmetic industry in the region. Corn is one of the chief sources of native starches, therefore, with the US being a leading corn producer in the world, has procured the lead in the region. The US witnesses massive corn yield every year, on account of favourable weather conditions that induce crop growth.
For instance:
January 2021
Ingredion EMEA has introduced an organic functional instant native starch that can be ingredient in certain organic products, delivering optimum quality. Known as NOVATION9460, this organic functional instant native starch is expected to allow the company to make its foray into the organic food beverage industry. It also believes that the native starch will help address almost every stability and processing challenges generally encountered by the manufacturers in different applications. It offers rapid viscosity and allowing optimum control of cake batter’s rheological behavior. It also has applications in sweet bakery including fruit and cream-based fillings.
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