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Native Starch Market to Register 5.2 Percent CAGR to 2026
Illinois Ag Connection - 11/08/2018

Persistence Market Research (PMR) delivers key insights on the global native starch market in its upcoming outlook, titled 'Native Starch Market - Global Industry Analysis and Forecast 2018-2026'. In terms of value, the global native starch market is projected to expand at a CAGR of 5.2% during the forecast period, due to various factors, regarding which, PMR offers vital insights in detail. Global native starch market revenue is projected to reach $26.1 billion by 2026.

The native starch market is segmented on the basis of source, form, end use, and region. On the basis of source, the global native starch market is segmented into, corn, wheat, potatoes, tapioca, and others. The corn segment is anticipated to increase at the highest rate, owing to its versatile nature and wide range of applications in the food and beverages industry. Starches are mostly used for texturizing and thickening purposes. They also help in stabilising the shelf life of food products, dough improvement, increasing the cooking tolerance of food items, and volume expansion. Owing to these properties, corn starch is given preference over other native starches. The rising health conscious population across the globe is one of the major factors that is driving the demand for native starches, as they are free from any chemicals or physical modification. Moreover, manufacturers of native starches are undertaking several research and development initiatives to develop superior and novel quality products to cater to the growing demand from health conscious people.

On the basis of end use, global native starch market is segmented into food and beverages, paper industry, feed industry, and others. Furthermore, food and beverages is sub-segmented into dairy products, bakery, soups & sauces, infant formula, convenience foods, snacks & confectionary, beverages, and others. On the basis of region the global native starch market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East Africa.

The millennial population is becoming concerned about their health and their family's health, which has resulted in the increased expenditure on food products with natural ingredients, as these are perceived to be free from additives, hormones, and antibiotics, and being non-GMO. These products are primarily unmodified, environment-friendly, and produced without the use of any synthetic substances and chemicals. Hence, consumers, especially the millennial age group, prefer natural ingredient-based products, and this trend is expected to increase the demand for native starch in the global market.

This report covers the trends driving each segment, and offers analysis and insights into the potential of the native starch market in specific regions. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the native starch space. Native starch key players include Ingredion Inc., Cargill, Inc., E. I. du Pont de Nemours, Tate & Lyle PLC, Archer Daniels Midland Company, Roquette Frères S.A., Euroduna Food Ingredients GmbH, BENEO GmbH, Kent Corporation, MGP Ingredients, Inc., AGRANA - Beteiligungs AG, Tereos Starch & Sweeteners Iberia Sa, Thai Flour Co., Ltd., Manildra Group, Avebe U.A, Amylco LLC, KMC Kartoffelmelcentralen A.M.B.A, Gulshan Polyols Ltd., and SPAC STARCH PRODUCTS (INDIA) LTD., among other native starch manufacturers.

The growth of the native starch market is supported by the demand for unmodified and chemical-free ingredients; versatile nature; increasing application in the bakery industry; native starch-based food products being at a lucrative nexus of both, health and ethical consumerism; and increasing popularity of private label brands.

On the basis of region, Europe accounts for a higher value share in the global native starch market in terms of value sales, due to the ever-rising demand for food products with natural ingredients, which includes native starches. China has been a dominant region in the native label starch market in terms of consumption and production. APAC is expected to post higher growth, at a CAGR of 7.2% over the forecast period.

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