Thinned Starches Market

Thinned Starches Market Size, Share, Growth (2023-2028)

Thinned Starches Market size was worth US$ 6.2 Billion in 2022 and is anticipated to reach US$ 10.3 Billion by 2028 with a CAGR of 5.4%.

Thinned Starches Market Overview

Thinned Starches are highly starch content widely used in the Food and Beverage Industry applications. Starches have high viscosity levels and high adhesive and binding power. The modification process involves hydrolyzing the starch molecules by breaking down the glucose molecules chain, which reduces the viscosity of starch, making it easy to use. It is mainly used in coated foods like bread, confectionary products, imitation cheese, and processed meat production. Starch was in demand in the Pharmaceutical and Cosmetic industries. When added to creams and oils, starch gives moisturizing effects and is used as a substitute for talcum powder. In the Pharmaceutical industry, starch was used as a binder, glidant, lubricant, and disintegrant. Starch was used in the textile and paper industries in manufacturing. It was used in soups and sauces to modify the consistency and thickness. It was used as one of the ingredients in the infant baby formula. Starch was extracted from various sources such as wheat, potato, corn, cassava, and Sorghum.

Thinned Starches Market Drivers

Starch had immense demand in the Food and beverages sector, driving the thinned starches market. Thinned starches are used in soups, for coated foods such as breads and battered items. These are available in favorable forms like viscosity, stability, gel and film formation, and solubility, enhancing the scope of market demand. Modified starch was widely used in food products to improve the taste and consistency. In soups and sauces, starch was added to increase the consistency and thickness, which the consumers preferred. Thinned starches are modified chemically to decrease the viscosity or thickening properties. Thinned starches are used as emulsifiers and stabilizers in processed foods such as frozen foods. The modified starch results in more solubility and low viscosity, making them easy to use, which boosted the thinned starch market demand.

The demand for starches increased in other sectors, surging the thinned starches market growth. Thinned starches are used in pharmaceuticals as they were used as binder, glidant, and lubricant in manufacturing tablets. Binders increase the binding power between the tablet powder particles so that the tablet does not break during the stability and friability test. Starches were gaining traction in the paper and textile industry, prompting the thinned starches market demand. Starch helps reduce sebum production, which is a good base for powders. It was combined with creams and oils and provided a filming effect. The cosmetic industry was boosting the Thinned Starch's market value.

Thinned Starches Market Restraints

The demand for thinned starches for a particular application or in a specified flavor to obtain the desired end-product was a significant challenge for expanding the market. Thinned starches are altered starch material, and again, altering them according to our customer needs was challenging for the manufacturers. Additionally, the concern over the environmental impact of the chemicals was growing in people where these chemicals are used in the production of thinned starches. There is increasing demand for gum Arabic as beverages with gum Arabic are more stable than starch and even in confectionery.

Recent Developments in the Thinned Starches Market

• In March 2021, Ingredion Incorporated, a U.S.-based food company, announced a modified potato starch called ULTRA-TEX 1311. This move expanded its potato-based food product portfolio across the U.S and Canada. This initiative will expand the thinned starches market in the North American region.

• Nouryon, a chemicals firm, announced the natural starch for the personal care industry. It was an excellent substitute for petrochemical-based products in the personal care industry.

COVID-19 Impact on the Thinned Starches Market

Thinned Starch Market was also altered due to COVID's impact on the businesses. Starch production had been complex due to lockdown regulations where labor had decreased in number. The raw material supply had faced challenges during supply, bringing losses to the manufacturers. The end-product distribution, import, and export were complex during the pandemic, hampered market growth. Post-pandemic, sales are increasing as people try to consume natural and healthy food products. Starch was in demand in other sectors such as Pharmaceuticals and Cosmetics, Textile and Paper industries, and others, which also saw a dip in the market during the first half of the pandemic.

Thinned Starches Market Segmentation

By Form

• Dry Form

• Liquid Form

The dry form segment was the fastest-growing form in the global thinned starches market. The dry form was primarily used in industries as the transportation was easy and comfortable compared to the liquid form. The liquid form was difficult to transport, requiring specific transportation where the loading and unloading process was complex. Hence, liquid starch was used when exclusively required. 

By Source

• Wheat

• Corn

• Potato

• Cassava

• Sorghum

The Sorghum segment had the highest demand in the Thinned Starches Market in 2021 and is anticipated to maintain its domination during the forecast period. The main benefit of this segment was even in countries with low water supply; the sorghum crop could be cultivated. The semiarid climate and high content of starch were fueling the market.

The Cassava segment was expected to have a higher growth rate, followed by Sorghum due to its demand in Latin America and widely grown in African and Asian regions. It was expected to increase in the Thinned Starches market size.

By Application

• Texturizers

• Viscosifiers

• Binders

• Emulsifiers

• Stabilizers

• Film-Formers

The Binders segment dominated the market in 2022, as binders were the pharmaceutical industry's main compound for tablet and capsule binding. Starch was used as emulsifiers and stabilizers in the pharmaceutical industry, increasing the demand for thinned starch market growth. Strach as Film-Formers was used widely in the cosmetic industry and as viscosifiers to increase the viscosity of oil, water, and synthetic fluids. These segments are also expected to have decent growth in the forecast period.

By End-Use 

• Food & Beverages

• Bakery

• Confectionery

• Dairy

• Soups & Sauces

• Textiles

• Infant milk formula

• Paper

• Pharmaceuticals

• Cosmetics

The Food & Beverages segment held a significant market share in 2022. Starch was widely used in Food products as an application on breads, pastries, imitation cheese, processed foods, and battered foods. The availability of starch in different flavors with its favorable and beneficial properties influenced the market demand. The demand for starch in processed meat and fish products was high. Soups and Sauces use starch to modify the soup's consistency and thickness. Textile and paper industries are gaining traction recently, which is expected to have decent growth in the upcoming years.

Pharmaceuticals and Cosmetics are expected to dominate the Thinned Starches Market with a high CAGR during the forecast period. Starch was used in various forms in the pharmaceutical industry, increasing the market demand. Starch was beneficial in the cosmetic industry.

Thinned Starches Market Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa

Asia-Pacific held the largest market share in 2022 and was expected to dominate during the forecast period. There was massive product demand in the countries such as China, India, and Japan. India was the largest producer of Sorghum, which boosted the market's regional trend. Most key players are in this region, impacting the market size. Traditional cuisines using starch as the essential ingredient were highly seen in this region, increasing demand in the regional market. Large companies in other countries process starch processing, whereas even small and medium-sized firms can process starch in the Asia Pacific. The increasing technology and industrial organization are prompting the Thinned Starches market growth.

North America was holding the second position in the global market. The increase in demand for starch in foods was driving the market in North America, the largest food manufacturing firm globally. It was expected to maintain its dominant share in the upcoming years.

Europe was expected to have decent growth in the forecast period due to its urbanization standards, where people are being adopted to try new cuisines with natural ingredients.

Thinned Starches Market Key Players

1. Everest Starch India Pvt. Ltd.

2. Tate & Lyle

3. MGP Ingredients

4. Grain Processing Corporation

5. Visco Starch Manufacturers

6. SPAC Starch Products Ltd.

7. Archer Daniel Midlands Company

8. Angel Starch & Food Pvt. Ltd.

9. Agrana Straske GmbH

10. Roquette Freres