The global industrial starch market was valued at USD 96.29 billion in 2023 and is anticipated to reach 102.75 billion in 2024 from USD 172.75 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.71% during the forecast period 2024 to 2032.
The Industrial Starch market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rise in the efficiency of alternate starch sources like cassava and others. Various companies have been showing interest in the market lately. Industrial Starch is generally used for the purpose of adhesive formulations in a wide range of industrial applications. It can be derived from various sources like potatoes, cassava, wheat, etc. Starch is not only used in the food industry but it is used for non-food industries like textile, mining, paper, and building materials as a result of its adhesive nature.
The rapid growth experienced by the food processing industry has in turn, largely helped the growth of the industrial starch market. Other major factors driving the industrial starch market include the rise in demand for convenience foods, multiple functions related to starch, and the growth in demand for adhesives in various industries.
The market faces a few restraints and challenges as well. Some of them include high investments for research and development purposes, alternatives like resin glue being used as adhesives, and growth in the Arabic gum market. These factors have acted as hurdles in the path of the market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.71% |
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Segments Covered |
By Source, Type, Application, Form, and Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Cargill, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Grain Processing Company, Roquette Frères, The Tereos Group, Royal Cosun, Altia Industrial Services. |
The Industrial Starch market was dominated by Asia-Pacific, with an overall market share of over 34% globally. Asia-Pacific was followed by Europe and North America. The Asia Pacific is predicted to grow at a rapid pace, while the European market is expected to be stagnant in the coming few years.
The key market players of the Global Industrial Starch Market are Cargill, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Grain Processing Company, Roquette Frères, The Tereos Group, Royal Cosun, Altia Industrial Services.
By Source
By Type
By Application
By Form
By Region
Frequently Asked Questions
Factors such as the growing population, changing dietary habits, and the expanding food processing industry are major drivers of the industrial starch market. Additionally, the increasing adoption of starch in non-food applications like adhesives, paper manufacturing, and textiles is contributing to market growth.
One notable trend is the rising demand for clean-label and natural ingredients in food products, driving manufacturers to innovate and develop starches derived from alternative sources such as tapioca, corn, and potato. Additionally, there is a growing focus on sustainability, leading to the development of eco-friendly starch production methods and packaging solutions
The industrial starch market is highly competitive, with several key players vying for market share. Companies are focusing on product innovation, expanding their product portfolios, and strategic partnerships to gain a competitive edge. Moreover, mergers and acquisitions are common strategies employed by major players to strengthen their market presence.
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