May 27, 2020 4:04 PM ET
iCrowd Newswire – May 27, 2020
The Global Food Starch Market is estimated to grow at a CAGR of 5.8% during the forecast period 2019-2026. The market research study presents that the food starch industry accounted $18.9 billion in the year 2018 and is estimated to reach $29.1 billion by the end of the year 2026. As per the research report, the sweetener segment held the dominant position in the global marketplace in the year 2018 and is estimated to continue the dominance over the forecast period.
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The food starch industry is driven by various growth factors such as growth of the food and beverage industry and diversification of raw material base. Whereas, increasing consumer consciousness related to side-effects of starch-based diets and availability of large number of substitute products may impede the market growth over the forecast period. On contrary, growth of resistant starch and clean label starch is gaining high traction amongst consumers are some opportunities for the market players present in the global food starch market.
Segmentation Overview of the Global Food Starch Market
The global food starch market is segmented into raw material, type and end user. These market segments are further categorized into various sub-segments to study the market in detail while considering various market factors.
The Raw Material Segment of the Global Food Starch Market is Sub-Segmented into:
The Type Segment of the Global Food Starch Market is Sub-Segmented into:
- Native Starch
The End User Segment of the Global Food Starch Market is Sub-Segmented into:
- Business to Consumer
- Business to Business
Geographical Overview of the Global Food Starch Market
The global food starch market is segmented on the basis of various geographical regions, such as:
- North America (Canada, U.S. and Mexico)
- Europe (Germany, France, UK, Italy, Spain, and Rest of Europe)
- Asia Pacific (Japan, China, India, ASEAN and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East and Africa)
As per the regional study, the Asia Pacific food starch market accounted to held the highest market share of ~2/5th of the total market share in global marketplace in the year 2018, and the regional market is estimated to maintain the dominance throughout the forecast period 2019-2026. The region is predicted to grow at a CAGR of 7% during the forecast period 2019-2026, the regional growth is attributed to competitive strategies such as business expansion by major companies in the food & beverages sector of the region, rapid industrialization and positive support from regional government. Similarly, as per the research analyst viewpoint, the North America food starch market held the second-highest market share in terms of revenue with ~1/4th of the total market share in the year 2018 and will follow the same trend over the forecast period by the end of the year 2026.
Market Competition Insights
ADM, Cargill, Ingredion, Tate and Lyle, BENEO, Roquette Freres, AGRANA Beteiligungs-AG, SPAC Starch Products (India) Limited, Sonish Starch Technology Co., Ltd., and Nutrend Biotech Co., Ltd. among others. The market players are adopting various competitive strategies to withhold the large market share in the global food starch market.
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Keywords: Food Starch Market