Industrial Starches Market Trend, Future Demand, Leading Key Players Review and Forecast to 2024

Market Overview

There is a rise in the demand of modified starches as there is rapid growth of food industry. Modified starches have remarkable number of uses in a variety of foods such as bakeries, snacks, beverages as well as functional foods. In functional food, modified starches are used as; fat replacer, as texture enhancer, added nutritional properties, high-temperature stability, and flavor and oil encapsulation. Other applications of modified starches are as: stabilizing agent, emulsifying agent, thickening agent, and as freeze-thaw stabilizing agent. The food and beverage have huge demand for industrial starches. Due to huge demand from the food and beverages industries, this demand will drive the industrial starch market in the present as well as in the future.

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Major Key Players

The industry is likely to consolidate into fewer, larger companies through mergers, acquisitions and closures of small outmoded plants.

The key players profiled in Industrial Starches Market report are Archer Daniels Midland Company (U.S.), Tate & Lyle PLC (U.K.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), AGRANA BETEILIGUNGS-AG (Austria), Grain Processing Corporation (U.S.) and Roquette Frères (France) among many others.

Industry Segments

Global Industrial Starches Market has been divided into source, form, application, and Region.

On the Basis of Application: Food & beverages (confectionery, processed food, beverages, and others), Non-food application (corrugation and papermaking, personal care, pharmaceuticals, textiles, and others includes mining & drilling, construction & building, adhesives, chemicals, and animal feed)

On the Basis of Region: North America, Europe, Asia Pacific and Rest of the World

Regional Analysis

Also, the increasing demand for processed food has created a massive demand of industrial starches in North America region. Among the, North American countries, the U.S. is expected to account for the significant market proportion of industrial starches during the forecast period. However, Asia Pacific region is projected to expand at a high pace during the forecast period. Increasing consumption of starch, starch derivatives and sweeteners has increased the demand of industrial starches in the developing economies of Asia Pacific.

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