The Europe industrial starch is expected to reach USD 31.40 billion in 2024 and reach USD 43.52 billion by 2029, growing at a CAGR of 6.75% from 2024 to 2029.
The Industrial Starch market is expected to show evident potential in the forecasting period. The market continues to build up momentum with rising efficiency of alternative starch sources, for example cassava. The market has managed to gain attention of various companies from around the Europe region.
Industrial Starch is an important component for the production of adhesive formulations in various industrial applications. It is generally obtained from different sources like cassava, potato, wheat etc. Apart from its use in the food industry, Industrial starch find applications in non-food industries as well. Some of these industries are textile, paper, mining, building materials etc. mainly due to its adhesive nature.
There are various factors responsible for driving the growth of the market over recent years. The major factors include increasing demand for convenience foods, rapid growth witnessed by the food processing industry, varied functions of starch, and lastly, the rise in demand for adhesive materials in different industries. Apart from these, there are some factors that have been hindering the growth of the market. Some of them are ease of availability of alternates like resin glue, high R&D investment costs as well as the growth of the Arabic gum market. These factors need to be tackled for the market to reach its actual potential.
The corn segment dominated the market.
The derivatives and sweeteners segment exhibits the highest market share in type segmentation due to lower limitations and diversified functionality.
The Food and Beverages segment dominates the market share due to an increase in starch usage in food products.
The former leads the market share as a result of easy storage options as well as higher efficiency.
On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major competitors in the market include Cargill, Royal Cosun, Archer Daniels Midland Company, Tate & Lyle PLC, Ingredion Incorporated, AGRANA Beteiligungs-AG, Roquette Frères, Grain Processing Company, The Tereos Group, Altia Industrial Services.
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