Some
of the main factors driving the global starch market are higher
standards of living, increasing disposable incomes, economic
development, and increasing population. Starch refers to an odorless
and tasteless white powder that comprises helical and linear
molecules. Green plants store plant food (sap) in the carbohydrate
form with large units of glucose. Glycosidic bonds bind together the
units of glucose contained in starch.
Starch
is a prominent constituent in the dietary structure of humans. It is
mostly derived from sources such as cassava, potato, sweet potato,
wheat, and maize. Different types of sugars are manufactured by
starch processing industrial units. Adhesives, glue-making, and
pastes are the other major starch processing industries. Much of the
demand for starch is derived from the sweeteners industry, since
sweeteners are essentially highly processed forms of starch. In fact,
the starch market is primarily driven by the food industry. Starch as
an input derives its overall demand from food and non-food
applications.
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Global
Market for Sweeteners to Fuel the Global Starch Market
The
global starch market is segmented on the basis of product type,
application, and geography. On the basis of product type, the global
starch market is classified into liquid starch, modified starch,
native starch, and dry starch. The food industry uses starch for
manufacturing processed foods and beverages. The non-food industry
utilizes starch for manufacturing products such as wheat paste,
paper, stiffening agents, glues, and thickening agents.
The
various application segments in the global starch market are
ceramics, cosmetics, food and beverages, colors, pharmaceuticals and
medicines, printing, and construction. The other application segments
of the starch market are fermentation industry, textile weaving, and
biofuels. The main end-user segment that dominates the global starch
processing industry is the food industry; the largest sub-segment
within the food industry according to demand for starch is the
sweeteners segment. Interestingly, the application scope in the
global starch market has been expanding for quite some time now. Due
to rising demand for low-calorie and low-fat foods, several food
manufacturing companies these days are substituting fats with
carbohydrates such as hydrocolloids and starches.
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Asia
Pacific- Dominant Regional Player in the Global Starch Market
Geographically,
the global starch market is categorized into North America, Asia
Pacific, Europe, and Rest of the World. It is anticipated that the
starch markets in Canada, the U.S., and Japan will witness
substantial growth in the forthcoming years. In terms of revenue
generation, the starch and starch processing markets of the Asia
Pacific, North America, Europe, and Rest of the World regions are
expected to grow robustly during the forecast period. Industry trends
conclude that the U.S. is the largest starch supplying market in the
world. The second largest global supplier of starch after the U.S. is
China.
At
present, the global starch market is propelled by the Asia Pacific
market for the same. The Philippines, China, South Korea, India, and
Thailand are some of the main regional markets that are anticipated
to fuel in the Asia Pacific starch market in the forthcoming years.
The global starch market is expected to grow substantially in the
face of scarce inputs at affordable prices, and rising energy costs.
Ongoing
market trends denote that latest developments and innovative steps in
biotechnology will be the prominent driving forces for the overall
starch market. Also, another noteworthy factor driving this industry
is the implementation of government policies that promote the use of
natural ingredients in food products.
The
key companies in the global starch market are China Essence Group
Ltd., Cargill Inc., Roquette Frères, Beneo-Remy N.V., Emsland-Stärke
Gmbh, and Tate & Lyle Plc.
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