Asia Pacific Food Starch Market

Asia Pacific Food Starch Market Growth and Forecast (2023 - 2028):

Asia Pacific Food Starch Market is worth USD million in 2022 and estimated to grow at a CAGR of xx.xx%, to reach USD million by 2028. The Asia Pacific Food Starch market is developing at an exceptionally quick pace.

Market Overview:

Starch is a polymeric carbohydrate containing a large number of glucose units which are joined by glycosidic bonds. Starch is produced by most green plants as an energy store. It is the most common carbohydrate in human diet. It is mostly found in staple foods like wheat, potatoes, maize (corn), rice, and cassava. Pure starch is an odorless, tasteless and white powder which does not dissolve in cold water or alcohol. Depending on the plant, starch typically has 20 to 25% amylose and 75 to 80% amylopectin by weight.

Drivers:

The significant driver is the increasing demand for weight management ingredients or foods and functionally varied ingredients. Also growing advancements in the technology of microencapsulation has expanded starch industry, in developed and developing nations. Surge in the working hours and busy lifestyles have highly prompted the growth of convenience foods and the use of convenience foods is increasing. This growth in usage of convenience foods has increased the demand for starch in various products.

Asia Pacific Food Starch Market Segmentation Analysis:

The Asia Pacific Food Starch market is segmented on the basis of Type, source, application and region. Based on type the market is segmented into starch derivatives, starch sweeteners, native and modified. Native and modified starches are expected to have huge market share, they are used as thickeners, binders etc. in the food & beverage industry and are considered as crucial ingredients in the industry. Based on source the market is segmented into potato, wheat, maize and others. Based on application the market is segmented into beverages, baked goods, processed foods, confectionery and dairy products.

Region Analysis:

Asia Pacific is geographically segmented into China, India, Japan, South Korea, Taiwan, Australia and South East Asia. Asia Pacific was the fastest growing segment owing to factors like increasing population and development of food and non-food industries in these regions.

Key Players in the Market:

Major key players in the Asia Pacific Food Starch Market are

Ingredion, AGRANA, Cargill Incorporated, Grain Processing Corporation, National Starch Food Innovation, Roquette Fereres SA, Tate & Lyle - Tereos Syral, Avebe and Beneo are the leaders in the Asia Pacific Food Starch market.