Native Starch Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Native Starch Market: Snapshot
Native starch is used widely in pharmaceutical, cosmetics, paper making, and food industry all over the world. Native starch is gotten in its most perfect structure with unaltered physical and concoction properties where in unique properties are lost in adjusted starch.
Because of utilization of native starches in different businesses, for example, pharmaceutical industry, cosmetic industry, food industry, and others, the demand in the native starches market is surging with time. Healthcare sector is developing in global market and native starches is utilized in corrective healthy and hair skin products, which thusly builds global demand for native starches. Native starch is accessible in unadulterated form that turns it into mainstream in customers preferring the organic products.
Native starches market is classified based on source into wheat, potato, corn, cassava, rice, and others. Corn native starch have several varieties, for example, waxy, high amylase, and wild type which are utilized in soups and other food applications for improving the flavor and taste of the food. Cassava native starch is extracted in drop formed and unpredictable granules type which is utilized in prepared items.
Geographically, North America leads the global native starches market. Nevertheless, Asia Pacific is estimated to project the highest development in the forthcoming years. Based on utilization North America market is the main market and expected to flourish in the span of coming years. Healthcare sector are also being set up in Western Europe which is fueling the demand for native starch for different cosmetic products in the mentioned region.
The leading players operating in the global native starches market are Cargill, Incorporated, AGRANA Investment Corp., Tate & Lyle, and Tereos Starch & Sweeteners.
Global Native Starch Market: Overview
Native starches, as the name implies, are extracted from natural sources such as waxy maize, maize, wheat, high amylose maize, potato, and tapioca. Such native starches mainly find application in food thickening and texturizing. In fact, one the primary reasons why native starches are seeing uptake is because of their great gelling, thickening, anti-staling and moisture retention properties. Hence they are finding widespread applications in a range of areas. Those include bakery mixes, brewing adjuncts, batters and breadings, dry mix soups and sauces, creamy spreads and fillings, pet foods, licorice confections, pudding powders, processed meat, salad dressing, and others. Hence, the global native starch market could be rising at a steady pace.
Global Native Starch Market: Trends and Opportunities
The massive demand for convenience food worldwide could be providing the biggest support to the growth momentum of the global native starch market. Native starch finds widespread usage in formulating “on-the-go” food and beverages because of its ability to control moisture, manage texture, act as a thickening agent, and others. As the consumer spends rise worldwide, the global native starch market is expected to grow further in the next couple of years.
Another factor that could be majorly boosting the global native starch market is the proliferation of the bakery market.
Despite looking upbeat, a few drawbacks could be hampering the global native starch market. The most prominent among those is the stiff competition from low priced modified starch. Along with that, the strict laws with respect to starch production could be posing a considerable threat to the growth pace of the global native starch market.
Notwithstanding such temporary setbacks, the global native starch market would continue to rise because of the constant thrust on research and development for finding better functionalities of food applications.
Global Native Starch Market: Market Potential
The different sources of native starch can be broadly classified into rice, wheat, cassava, corn, and others. Among them, corn could contribute a significant share in the global native starch market in the near term.
Native starch finds application in beverages, confectionaries, bakeries, and others. Of these, the flourishing bakery industry is believed to be driving most of the demand in the global native starch market. Further, demand and sales is also being boosted by the usage of native starch in binders, texturizers, and stabilizers in a range of food and beverages and processed products.
Global Native Starch Market: Regional Outlook
With respect to geography, the Asia Pacific native starch market could be prominent shareholder. This is because of the widespread usage of the food ingredient in the burgeoning food processing industry in the region. Native starch is used as a thickening and stabilizing agent in products such as desserts, sauces, custard, and others. Going forward too, the Asia Pacific native starch market is set to dominate with respect to value and revenue. This is because of the low production cost, owing to favourable climate in the region.
Europe is considered another prominent region in the global native starch market. This is primarily on account of the growing preference for organic food additives in the region.
Global Native Starch Market: Competitive Landscape
Prominent participants in the global native starch market are Cargill Incorporated, Ingredion Incorporated, and Archer Daniels Midland Company.
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