Global Starch Market: Synopsis
Apart from being a commonly used constituent in daily human diet, starch finds a wide range of applications in different industries such as pharmaceuticals, processed food, and beverages, which has augmented the growth of the world starch market. The starch industry is foretold to swell its development with the surging demand of starch as a binder, thickening agent, emulsifier, and stabilizer. The demand for industrial starch has risen with the developing trend of biofuels and biomaterials. The sale of corn starch has also seen a rise as paper and textile industries and high consumption of convenience foods are growing substantially.
Product and application are the two main types of segmentation of the global starch market. Each segment of the market is studied expansively in the report to come in line with the current and future trends of the industry.
The report on the global starch market offers an all-encompassing analysis of the key growth factors and restraining elements, market structure, current trends, and market projections of the upcoming years.
Global Starch Market: Trends and Segmentation
With respect to the principal classifications considered while mapping the starch processing industry, food and non-food products could be the prominent ones. According to the product type of segmentation, the international starch market could be divided into modified starch, dry starch, native starch, and liquid starch. The modified starch segment has gained an impressive demand in the recent time on the back of the rising want for convenience, healthy, and nutritious food products on a worldwide platform. Starch is also widely used in beverages and food processing. Besides this, starch finds extensive usage in non-food products such as wheat paste, thickening agent, glue, stiffening agent, and paper.
One of the top drivers of the world starch market is the elevating demand for starch along with adhesives in packaging sectors and other industrial products. As per the different types of application of starch, the global market could be segmented into colors, construction, food and beverages, ceramics, textile, cosmetics, medicines and pharmaceuticals, and printing. Out of which, the food sector has emerged as a dominating starch processing market. Since most types of sugar are a derivative of starch, the growth in the food processing industry will prove vital for the global market.
However, maize, wheat, cassava, sweet potato, and potato are the other sources of starch. Moreover, the market could be restricted by the use of polymers in adhesives. Nevertheless, there are some important trends, such as synthesis of biodegradable polymers from starch, which are envisioned to compensate for the common constraints in the near future.
Global Starch Market: Geographical Analysis
The world starch market has different regions accounting for a significant share in different segments of the market, however, the overall demand in the market is predicted to be stimulated by the U.S., Canada, and Japan. Nonetheless, the starch and starch processing industries are also expected to draw attention from other key geographies such as Europe, Asia Pacific, Latin America, and Rest of the World emerging as good revenue bases.
Asia Pacific is foreseen to exhibit a faster rise in demand for corn starch with significant investments by large manufacturers. Indonesia and Thailand regions of Asia Pacific have dominated the cassava starch market with the presence of large producers, followed by North America and the Middle East. Completely driven by the rise of the U.S. market, North America has significantly influenced the modified starch market.
Global Starch Market: Competitive Landscape
Amongst the important players in the international starch market, Beneo-Remy N.V., Emsland-Stärke Gmbh, Roquette Frères, China Essence Group Ltd., Tate & Lyle Plc, and Cargill Inc. are the prominent ones to look for. Companies associated with the corn starch market are concentrating on cost-effective solutions aimed toward the various applications in frozen food and dairy products. Cassava starch market players are riding their expansion on the development of new products. The advancement in technologies for modification of starches has helped the respective market players to gain an upper hand in the industry.
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.