Global Industrial Starch Market: Overview
Starch and starch derivatives are used in the form of binding agents, fat replacers, sizing agents, stabilizers, and thickeners in a variety of culinary as well as non-food applications. In addition to that, starch derivatives are utilized as an efficient base for fermentation for the large-scale synthesis of biotechnological items such as hormones, vitamins, antibiotics, and organic acids. Although the food sector is expected to be the main consumer of starch and its derivatives, it is also finding its way into a variety of other uses, including medicines, cosmetics, paper, and construction materials. This factor is likely to work in favor of the global industrial starch market in the years to come.
Starch refers to a homopolysaccharide made up of glucose units that plants store as carbohydrates. It is retained in roots, tubers, and seeds, and is produced by sections of vegetable cells. Modified starch is a type of additive that is made by partly degrading starch granules or native starch using enzymes and chemicals. Derivatives are products created by combining starch with a chemical component to create a product with distinct functional as well as physical characteristics.
Transparency market research offers a comprehensive understanding of the global industrial starch market through this report. It offers well-researched data on various facets of the market to offer valuable business input for profit generation.
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Global Industrial Starch Market: Notable Developments
Cargill spent US$100 Mn in a starch plant in Indonesia in November 2020. The addition of a new starch dryer and corn wet mill is expected to boost starch and sweetener output by satisfying rising demand in the feed, industrial, and food sectors throughout the area.
The noted players that are operational in the global industrial starch market are Bangkok Starch Industrial Co., Ltd., Archer Daniels Midland Company, Universal Starch Chem Allied Ltd., Karandikars Cashell Private Limited, Grain Processing Corporation, and GreenTech Industries Ltd.
Global Industrial Starch Market: Key Trends
Below-mentioned market trends and opportunities mark the global industrial starch market:
High Demand from the Food Sector to Drive Demand in the Market
Starch is utilized in an extensive range of industrial applications and is an essential component of adhesive compositions. Maize, potato, tapioca, rice, and wheat are just a few of the natural sources of industrial starch. The most widely utilized industrial starches are from potato, maize, and wheat. In terms of consumption, the food industry has a major proportion of the global industrial starch market. They are utilized in the food sector to make monosodium glutamate (MSG), industrial caramel, canned jams and fruits, confectioneries, and bakery goods, amongst many other things. Non-food sectors such as consumer items, construction materials, textiles, paper, and mining make use of industrial starch.
In the paper business, industrial starch is widely utilized in the production and coating processes. It is employed in the textile industry for fabric printing as well as finishing. Starch is combined with clay in the mining sector and utilized in the well-drilling process to give adequate viscosity and water holding ability. This is done for the purpose of drilling oil wells. The industrial starch market is projected to expand due to the increasing usage of biofuels as well as biomaterials, as well as the usage of starch in this industry.
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Global Industrial Starch Market: Geographical Analysis
In terms of consumption, Asia Pacific is likely to dominate the global industrial starch market. This is due to the expansion of various end-use industries such as food, paper, and textile industries in the region's emerging clusters.
Because of the accelerated growth of industrial packaging sector in the region, North America is likely to account for a substantial chunk of the industrial starch market. Because of the rising demand for processed food products, Latin America is expected to have a high growth over the forecast period, from 2021 to 2031. Brazil is the world's leading producer of corn, and as a result, it produces a significant amount of starch. The industrial starch market in Europe is expected to develop due to the region's rising end-use industries as well as industrial packaging business.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.