Native Starches Market Growing Awareness Booming Growth at a CAGR of 3.02% over the Forecast Period 2020-2022
Research Reports
Jan 05, 2021
Market Overview
Growing demand for convenience food due to rise in the number of fast-food chains has boosted sales of native starches. Native starch is often used in powder form and is extensively used in the confectionery industries as molding powder which is used in manufacturing of jellies, sugar candies, and gums; it is also used in the preparation of pasta, noodles and in the formulation of instant foods and fried foods. Urbanization and diverse application of native starches are major factors supporting the growth of this market. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Native Starches Market Research Report- Forecast to 2022” that the market will demonstrate an exceptional CAGR while achieving million-dollar growth readily in the forecast period.
Native starches are starch granules isolated from plant source used as binders, texturizers, thickeners, stabilizers and setting agents. It is an essential ingredient for the food industry found in huge range of food products, as it improves the nutritional and sensory quality of food. In the food industry, starches are used as a thickener, gelling agent, or as a stabilizer to manufacture snacks, meat products, fruit juices and other food products. Due to its low cost, easy availability, native starch is extensively used in various non-food applications. There is rise in demand from the personal care industry; native starches are widely used in personal care products, in cream emulsions, as talc substitutes, bio-degradable packaging material, and others.
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With changing dietary patterns, growing consumer health awareness and increasing demand of functional food and beverages, has encouraged the use of native starches in preparation of healthy, nutritional, and functional food & beverage products. In the food industry, starch is used in formulations of health, nutritional, and functional products has been considered one of the most promising markets and it has motivated research in development of new products. This trend supports the development of modern products such as frozen, low-fat, organic and gluten-free foods, where starch can be used as the main or co-ingredient.
Major Key Players
The key players profiled in native starches are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and Roquette Frères (France). among many others.
Market Segments
The global Native Starches Market has been divided into source, form, application, and region.
On the Basis of Source: Corn, Wheat, Cassava, Potato, and Others
On the Basis of Form: Powder, Gel, and Others
On the Basis of Application: Food & Beverages (Confectionery, Processed food, Beverages, and Others), Non-Food (Corrugating & Paper making, Pharmaceutical, textiles, Personal Care, and Others)
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
Regional Analysis
The global native starches market is in the entire world; to name few regions where this market exist are North America, Europe, China and Asia Pacific. Among these APAC has the major market share followed by North America. Europe is projected to grow at the fastest rate in the coming years owing to increasing demand for natural and organic food additive. Due to the cheap raw materials & low production costs as well as less stringent environment regulations Asia-Pacific region is in a better position to produce starch at more competitive prices than developed countries in European and North American region.
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