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sjsuraj · 3 months

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Transforming Carbohydrates: Unveiling the Catalysts Behind the Modified Starch Market BoomGlobal Modified Starch Market size was recorded at USD 12.10 billion in 2023, which is estimated to be at USD 12.48 billion in 2024 and projected to reach USD 15.99 billion by 2031, growing at a CAGR of 3.60% from 2024 to 2031.

This comprehensive research study on the global Modified Starch Market market offers detailed analyses of market trends, prominent drivers, and future growth prospects, providing readers with an extensive understanding of the market environment necessary for informed business decisions. Covering various aspects such as estimated market sizing, strategies employed by leading companies, restraining factors, and challenges faced by market participants, the report equips stakeholders with actionable insights.

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Market Forecast and Trends

Precise market forecasts and identification of emerging trends enable stakeholders to anticipate the industry’s future trajectory and develop strategic tactics accordingly, providing a competitive edge in a dynamic business landscape.

Regional and Segment Analysis

The study facilitates industry participants in identifying high-growth regions and profitable market segments through region-specific and segment-by-segment analysis. This information aids in devising effective marketing strategies and product lineups tailored to the preferences and needs of diverse target audiences across major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Investment and Expansion Opportunities

The research report unveils prospective areas for investment and business growth in the global Modified Starch Market market, enabling strategic decision-making for readers seeking to expand into new markets or introduce new products.

Competitive Analysis

In-depth competitive analysis profiles major market competitors and evaluates their strategies, weaknesses, and market shares. Insights into top business strategies employed by key players such as partnerships, alliances, mergers, acquisitions, product innovations, and development empower industry participants to benchmark their businesses against rivals and devise winning strategies for market differentiation.

The major players in the Modified Starch Market Market are:

ADM

AGRANA Beteiligungs-AG

Cargill, Incorporated.

Grain Processing Corporation

Ingredion

Roquette Frères

Royal Ingredients Group

SMS Group

Tate & Lyle

AVEBE

Reasons to Purchase This Report:

Futureproof Decisions: Gain precise market forecasts and identify emerging trends to confidently navigate the future of the Modified Starch Market market.

Competitive Advantage: Outperform rivals with a comprehensive competitive analysis, revealing their strategies and market share.

Growth Catalysts Exposed: Uncover the key factors driving market expansion and leverage them to propel your business forward.

Profitable Opportunities: Pinpoint high-growth regions and lucrative market segments through in-depth regional and segment analysis.

Investment Guidance: Strategically plan investments and expansions in the global Modified Starch Market market with insights on potential growth areas.

Informed Decisions: Utilize precise market forecasts and in-depth analysis to make data-driven business decisions.

Market Expertise: Deepen your understanding of market trends and growth drivers for a comprehensive market landscape overview.

Actionable Insights: Gain practical takeaways from the report's competitive analysis, market sizing, and future projections.

The Global Modified Starch Market is Segmented as:

By Source

Cassava

Maize

Potato

Wheat

Rice

By Application

Food and Beverage Industry

Pharmaceutical Industry

Paper & Textile Industry

Animal Feed Industry

Others

By Region

North America

U.S.

Canada

Mexico

Europe

France

U.K.

Spain

Germany

Italy

Russia

Rest of Europe

Asia-Pacific

China

Japan

India

South Korea

Rest of Asia-Pacific

Middle East & Africa

GCC

North Africa

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

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businessindustry · 3 months

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Waxy Maize Starch Market Revenue Analysis and Forecast to 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Waxy Maize Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Waxy Maize Starch Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Waxy Maize Starch Market?

The waxy maize starch market size reached US$ 3,808.6 Million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6,219.3 Million by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.

What are Waxy Maize Starch?

Waxy maize starch is a type of starch extracted from corn, distinguished by its high amylopectin content compared to regular maize starch, which has more amylose. This starch is known for its clear, neutral taste and excellent thickening abilities, making it a versatile ingredient in food processing. It is commonly used in the production of soups, sauces, and puddings. Furthermore, waxy maize starch finds applications in pharmaceuticals as a tablet binder and in the paper industry for paper coating. In the sports nutrition sector, it is increasingly used as a complex carbohydrate source in sports drinks and supplements for energy replenishment.

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What are the growth prospects and trends in the Waxy Maize Starch industry?

The waxy maize starch market growth is driven by various factors. The market for waxy maize starch is steadily growing, fueled by its diverse applications across several industries. This starch, known for its high amylopectin content, is favored in food processing for its exceptional thickening and gelling properties. It is extensively used in soups, sauces, and desserts. Moreover, the pharmaceutical sector relies on waxy maize starch as a tablet binder, while the paper industry employs it as a coating agent. With the rising demand for natural and functional ingredients, waxy maize starch is poised for continued growth, particularly in the food and pharmaceutical sectors. Hence, all these factors contribute to waxy maize starch market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Native Waxy Maize Starch

Modified Waxy Maize Starch

By Form:

Powder

Granular

By Application:

Food and Beverages

Pharmaceuticals

Textiles

Paper and Packaging

Others

By End-Use Industry:

Food Manufacturers

Pharmaceutical Companies

Textile Industry

Paper and Packaging Industry

Others

By Distribution Channel:

Direct Sales

Distributors

Online Retail

Other Retail Channels

Segmentation By Region:

North America:

United States

Canada

Asia Pacific:

China

India

Japan

Australia & New Zealand

Association of Southeast Asian Nations (ASEAN)

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX (Belgium, the Netherlands, Luxembourg)

NORDIC (Norway, Sweden, Finland, Denmark)

Rest of Europe

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

The Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA (Middle East & Africa)

Who are the key players operating in the industry?

The report covers the major market players including:

Cargill Inc.

Archer Daniels Midland Company (ADM)

Tate & Lyle PLC

Ingredion Incorporated

Grain Processing Corporation

Roquette Frères

Tereos Group

Avebe U.A.

Universal Starch Chem Allied Ltd.

Agrana Group

SMS Corporation

SPAC Starch Products (India) Ltd.

Starch Asia (Thailand) Co., Ltd.

Galam Ltd.

Gulshan Polyols Ltd.

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#Waxy Maize Starch Market share #Waxy Maize Starch Market size #Waxy Maize Starch Market trends

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packaginginsight · 5 months

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Modified Starch Market Global Trends, and Opportunities Forecast by 2031

Modified Starch Market Scope & Overview

The global Modified Starch Market research study offers an in-depth look of the industry's current and future state. The report is based on comprehensive primary and secondary research and includes all market data. The analysis also covers statistics by type, industry, channel, and other criteria, as well as market volume and value for each category. The leading companies in the market, distributors, and the overall structure of the industrial chain are all examined in the report. It also assesses the variables and criteria that may influence market growth.

The world economy was impacted by the coronavirus pandemic. A number of market conditions have changed. According to the Modified Starch research report, the market is rapidly evolving, and the influence is being analyzed both in current phase and in the future scenario. For the forecast period, the report includes accurate numbers for the industry's market size, share, production capacity, demand, and growth. This is the most recent COVID-19 market effect analysis study.

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Market Key Players:

Sms Corporation, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated , Archer Daniel Midlands Company , Cargill Incorporated , Tate & Lyle , Avebe u.a., Tereos , Lyckeby And Avebe).

Market Segmentation

The Modified Starch research study discusses market segmentation by product type, application, end-user, and geography. The study investigates the industry's growth objectives, as well as cost awareness and manufacturing processes. The market study comprises a basic industry overview, as well as classification, definition, and, as a result, the supply and demand chain structure. Global marketing data, competitive climate surveys, growth rates, and crucial development status information are all part of global research.

By Raw Material:

Potato

Corn

Cassava

Wheat

Other raw materials (rice bran, waxy maize etc.)

By Application:

Food & beverages

Bakery & confectionery

Beverages

Processed food

Other food & beverages applications*(desserts, sauces, dressings etc.)

Feed

Ruminant feed

Swine feed

Poultry feed

Other feed applications (cattle feed etc.)

Industrial

Paper making

Weaving & textiles

Medicines & pharmaceuticals

Cosmetics

Other industrial applications(personal care, hygiene etc.)

By form:

Dry

Liquid

By modification type:

Physical modification

Hydrothermal

Non-hydrothermal

Chemical modification

Cationic starch

Etherified starch

Esterified starch

Enzymatic modification

By function:

Stabilizers

Emulsifiers

Binders

Other functions

Regional Analysis

North America, Latin America, Europe, Asia Pacific, and the Rest of the World are the regions that make up the Modified Starch market. Research covers everything from production and consumer ratios to market size and market share, import and export ratios, supply and demand, consumer demand ratios, technological advancements, research and development, infrastructure development, economic growth, and a strong market presence in every region. The geographical research will aid players in identifying lucrative markets where they may cash in on new prospects.

Competitive Outlook

The Modified Starch market study focuses on the most noteworthy acquisitions, collaborations, and product launches in the sector. The study report employs advanced research methodologies such as SWOT and Porter's Five Forces analysis to provide deeper insights into important players. The research offers a detailed overview of the worldwide competitive environment as well as key insights into the major rivals and their expansion ambitions. It also contains crucial information on financial conditions, worldwide positioning, product portfolios, revenue and gross profit margins, as well as technological and research breakthroughs.

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About Us:

SNS Insider is one of the leading Market Size research and consulting agencies that dominates the Market Size research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate Market Size data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

#Modified Starch Market

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marketsresearchinsights · 7 months

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Modified Starch Market Opportunities, Segmentation, and Forecast till 2031

“ Modified Starch Market Size, Trends, and Forecast 2031” is the latest update in The Insight Partners portfolio. This market research report intends to offer details on the present market situation and include predictions for the future. This report aims to help businesses hunting for high returns on investment to unlock new revenue pockets in the forecast period.

By assisting businesses in determining the best product attributes, USPs, and marketing tactics, market research lowers risks. Companies may choose their place in the market by considering important factors like market share, market size, market revenue, and CAGR. The research's sector-specific coverage and analytical data are crafted following a thorough examination of target Modified Starch market participants, industry experts, and demographic groupings.

Key companies in the Modified Starch market are- AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Avebe Group, Cargill, Incorporated., CBH Co. , Ltd., Global Bio-chem Technology Group Company Limited, Ingredion Incorporated, Roquette Fr?res, SMS Corporation, Tate and Lyle PLC . This report's competitive landscape section helps companies address their push and pull forces. Businesses need these insights to succeed and fill up any gaps in their operations. This research presented places where businesses might position their goods, delving further into the organic growth tactics used by major competitors in the industry.

COVID-19 Impact Analysis

For many firms, the current COVID-19 outbreak has been a roller coaster. A pressing issue was the disturbance of supply networks and downfalls in sales. The split of supply and demand was followed by a drop-in investment, which further lowered ROI expectations. This market study provides a thorough analysis of COVID-19's impact on the Modified Starch market. Companies were obliged to become digital during the pandemic under COVID-19. Amidst the fast changes in business dynamics, several organizations adapted successfully, from ubiquitous digital channels to a squeeze in digital infrastructures.

Market SegmentationBased on Raw Material this market is categorized further into-

Corn

Wheat

Potato

Cassava

and Others

Based on Form this market is categorized further into-

Dry and Liquid

Based on Application this market is categorized further into-

Food and Beverages

Animal feed

Cosmetics & Personal Care

and Others

Based on Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World…

Components of Global Modified Starch Market Research:

Market Overview- Our analysts will present their opinions based on industry research and valid facts.

Market Size, Share, CAGR, and Market Projections

Modified Starch Market Segmentation- This section will run through key segments in this market

Comprehensive analysis of Sales, Demand, and Supply with Segment considerations

Regional growth mapping and statistics

Modified Starch Market Analysis by Dominating Market Players

Comprehensive Discussion on Market Trends and Challenges

Value Chain Analysis, Business Environment Analysis

Strategic Recommendations for Business Growth

Strategic Recommendations;

Appendix and References;

How To Get The Business Right Through This Deal?

Know your competition and plan to outperform them

Know your customers and increase your CX

Know your products and revise them timely

We offer customization and consultation

Author’s Bio:

Lisa Thomas

Research Analyst at The Insight Partners

#Modified Starch Market #Modified Starch Market Size #Modified Starch Market Share #Modified Starch Market Forecast

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bizworldinsights · 8 months

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Hydrocephalus Shunt

In 2019, the global starch market is estimated to be valued at US$ 34.0 billion, with the global starch market volume reaching 93.9 million tonnes. Bekryl Market Analysts report a robust growth, especially in the potato and cassava starch segments. The increased demand for high fructose corn syrups (HFCS) across various food and beverage applications, coupled with the steady expansion of the paper industry, is expected to propel the global starch market in the near future.

Key Insights from the 2019 edition of the global starch market include:

The corn starch segment currently dominates the market, holding a 76.3% revenue share and reaching a valuation of US$ 26 billion in 2019.

The global cassava starch market is estimated to be valued at US$ 4.8 billion, with a volume of 10.3 million tonnes.

Potato starch is estimated to be valued at US$ 1.2 billion in 2019.

The global wheat starch market is estimated at US$ 2.1 billion in 2019.

Regional Analysis:

In 2019, North America and Europe are projected to collectively contribute to over 60% of the revenue share, followed by Asia Pacific at 29.7%. Asia Pacific is expected to witness significant growth, driven by the pharmaceutical, textile, and food & beverage industries.

The corn starch segment sees the largest revenue share in the US and China. China's demand for corn starch is notably influenced by its applications in starch sugar, offering a cost-effective sweetening alternative. Additionally, the pharmaceutical industry's increasing demand for corn starch is anticipated to fuel market growth.

In the tapioca starch segment, the US dominates global consumption with over 40% revenue share, expected to experience significant growth due to its affordability in the current market.

Top 10 Starch Manufacturers:

Major players in the industry focus on partnerships, expansions, and new product launches to diversify their product portfolios and expand their presence in emerging regions.

In October 2018, Ingredion Incorporated announced a US$ 60 million investment in APAC to expand modified starch plant capacity and enhance corn wet-milling capacity in China.

In January 2019, Archer Daniels Midland Company (ADM) partnered with General Starch Limited (GSL), a Thailand-based tapioca starch producer, to broaden its starch portfolio, obtaining exclusive distribution rights for GSL's modified tapioca starch products in Europe, the Middle East, and Africa.

In February 2019, Cargill, Inc. revealed plans to invest US$ 22.5 million in its starch production plant in The Netherlands to expand instant starch capacity and meet the growing demand in the convenience foods market.

The top global starch manufacturers in 2019 are:

Cargill, Inc.

Ingredion Incorporated

Tate & Lyle PLC

The Archer Daniels Midland Company

Roquette

Zhucheng Xingmao Corn Developing Co., Ltd.

Global Bio-chem Technology Group Company Limited

Tereos Starch & Sweeteners Europe

China National Cereals, Oils and Foodstuffs Corporation (COFCO)

General Starch Limited

Research Scope:

By Product Type:

Native Starch

Modified Starch

Syrups/Blend

By Source:

Corn/Maize

Wheat

Cassava/Tapioca

Potato

By Application:

Food and Beverages

Paper

Textile

Corrugated Board and Adhesives

Construction

Chemical

Pharmaceuticals

Others

The global starch market continues to exhibit promising growth trends, creating ample opportunities for manufacturers in a variety of applications. As the industry pioneers advancements and innovations, the market is poised for sustained expansion in response to increasing demands across diverse sectors.

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ananya5400 · 10 months

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Modified Starch Market Growth by Emerging Trends, Analysis, & Forecast

The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. Modified starches are manufactured from native starches. Various processing methods, such as physical, enzymatic, wet and dry chemical processes, drum drying, and extrusion, are used to produce different types of modified starch products. These processes are used to change the properties of native starch, such as its freeze-thaw stability, acid or alkali resistance, and shear stability, to meet industrial requirements. Modified starches are used for functions such as thickening, stabilizing, binding, and emulsification. Apart from food products, it is also used in a wide range of non-food applications and in the animal feed industry.

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Cassava is the fastest-growing raw material segment in the global modified starch market

Cassava is one of the world’s major starch crops. It has a long, tuberous starchy root that finds its place as an essential ingredient in many Latin American and Caribbean cuisines. Cassava is a widely grown tuber in most African and Asian countries, and it is also the most economical source of starch at a global level. It was, hence, prudent that, in the wake of the forecasted shortage of corn and wheat as sources of starch, cassava (tapioca) starch would gain attention. Tapioca is the starch extracted from the storage roots of the cassava plant. The similarity of the functional properties of tapioca and corn starch has added to their advantages.

Modified tapioca starch is extensively used in a range of applications, such as food & beverages, paper, mosquito coils, textiles, chemicals, construction, adhesives, and pharmaceuticals. It also has a bland taste and is thus an ideal ingredient for food and feed applications. As Asia is the center for the production and consumption trends for the global modified starch market, cassava starch in Asia is estimated to be the key driver in the future, with a prime focus on convenience foods in China and India.

Industrial application were the second-largest segment in the modified starch market and anticipated to witness decent growth rate over the forecast period

Starch has a wide range of commercial and industrial applications. Modified starch products find applications in the paper & paper cone industries, the glue and adhesive industries, sand binding manufacturing, pharmaceuticals and cosmetics, detergent manufacturing, and several other related industries. The construction industry requires special acid-modified starches to work as protective colloids to increase the strength of wallboards. Starch blends may be used as adhesives for the edges of wallboards. The range of industrial applications for modified starch is gradually increasing globally. Asian countries with rising income levels and industrialization are increasingly using modified starches for these non-food applications, in addition to the existing food applications.

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Asia Pacific is the largest and fastest-growing region in the modified starch market and anticipated to maintain its dominance over the forecast period

The modified starch market in the Asia-Pacific region is the largest. The market is estimated to grow at a significant rate, owing to the rising demand in large economies such as China, India, Japan, and other Southeast Asian countries. The industrial organization and technology of starch processing are changing rapidly in the region. Unlike other regions where starch is processed almost entirely by large companies, in Asia Pacific, starch processing is done by small and medium-sized firms. Historically, native starch has been largely used for food products in the region. The industrial applications and technologies involved in starch processing are changing rapidly in the Asia Pacific countries. Modified starch is increasingly being demanded by many industries in the region. Various industries are incorporating modified starches in their manufacturing processes and products.

The key players in this market include ADM (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Avebe U.A. (Netherlands), Grain Processing Corporation (US), Emsland (Germany), AGRANA (Austria), SMS Corporation (Thailand), Global Bio-Chem Technology Group (Hong Kong), SPAC Starch (India), Qindao CBH Company (China), Tereos (France), and KMC (Denmark).

#Modified Starch Market #Modified Starch #Modified Starch Market Size #Modified Starch Market Share #Modified Starch Market Growth #Modified Starch Market Trends #Modified Starch Market Forecast #Modified Starch Market Analysis #Modified Starch Market Research Report #Modified Starch Market Scope #Modified Starch Market Overview #Modified Starch Market Outlook

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rupalic · 11 months

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Starch Derivatives Market: Business Opportunities and Global Industry Analysis

According to a research report "Starch Derivatives Market by Type (Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, Cyclodextrin), Source, Form (Dry, Liquid), Application (Food & Beverage, Industrial, Feed), Functionality and Region - Global Forecast to 2028" published by MarketsandMarkets, the Starch derivatives market is projected to reach USD 68.4 billion by 2028 from USD 57.9 billion by 2023, at a CAGR of 3.4% during the forecast period in terms of value. The starch derivatives market is experiencing growth due to increasing demand for processed foods, pharmaceuticals, and sustainable ingredients, coupled with innovations in starch-based products and applications.

Asia Pacific dominated the starch derivatives market during the study period.

The dominance of the Asia Pacific region in the starch derivatives market during the study period can be attributed to several key factors. The presence of significant market players like Sukhjit Starch & Chemicals Ltd.(India), Foodchem International Corporation (China), Malindra Group (Australia), SPAC Starch and Products Pvt Ltd(India), and Universal Starch Chem Allied (India) contributes to the region's prominence. These companies play pivotal roles in production, innovation, and distribution, enhancing the market's growth.

Furthermore, Asia Pacific's dominance is reinforced by its large and growing population, which fuels the demand for processed foods and pharmaceuticals, where starch derivatives are key components. The region is also a hub for starch-rich crop cultivation, ensuring a consistent and cost-effective supply of raw materials. Government support, investments in research and development, and favorable economic conditions have fostered innovation and market expansion in the starch derivatives sector. These factors collectively established Asia Pacific as the leader in this industry during the study period.

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The starch derivatives market is expanding due to increased demand for convenience, ready-to-eat foods, and eco-friendly packaging.

The industry is actively promoting sustainable sourcing practices, emphasizing responsible supply chain management, and eco-friendly production. These efforts meet the growing preference for environmentally conscious products among consumers. Clean-label starch derivatives have emerged as a compelling trend within the market. These cleaner and more naturally formulated products, with fewer additives, address the increasing demand for transparency in consumer choices. Furthermore, starch derivatives are pivotal in responding to the health and wellness trend. They are effectively utilized to reduce fat and sugar content in processed foods, catering to health-conscious consumers. The adoption of 3D printing for innovative packaging using starch-based biodegradable materials represents a significant paradigm shift. This pioneering technology not only aligns with sustainability goals but also offers fresh possibilities for enhancing packaging aesthetics in the food and beverage sector.

Asia-Pacific region is experiencing a significant upswing, driven by the increasing preference for gluten-free and reduced-calorie products. Post-COVID, heightened health consciousness among consumers has become a prominent trend. Starch derivatives play a pivotal role in meeting this demand by offering textural and functional benefits in healthier food options. As health-conscious consumers seek better dietary choices, the Asia-Pacific starch derivatives market is poised for substantial growth.

In starch derivatives, corn takes the lead, offering high starch content and clean-label consumer preference.

Corn is a widely cultivated crop in various regions, ensuring a consistent and substantial source of starch. The grain's starch content is higher than many other sources, making it an efficient raw material for starch extraction. Additionally, the corn-derived starch can be processed into a wide range of derivatives, including glucose syrup, maltodextrin, and high-fructose corn syrup, each finding extensive use in food, beverage, and industrial applications. The United States is witnessing a surge in demand for corn due to the availability of non-GMO (non-genetically modified organism) corn varieties. This is in line with the preferences of consumers who are increasingly seeking non-GMO and clean-label products. As a result, corn has become a favored source for starch derivatives in the region, catering to the growing consumer demand for more natural and transparent food choices. Furthermore, the cost-effectiveness of corn-based derivatives and the development of advanced processing technologies have solidified its position as the leading source in the starch derivatives market.

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Primary companies highlighted:

Cargill, Incorporated (US), ADM (US), Tate & Lyle PLC (UK), Ingredion Incorporated (US), AGRANA Beteiligungs-AG (Austria), Roquette Freres (France), Green Processing Corp. (GPC) France, Avebe (Netherlands), Emsland Group (Germany), Foodchem International Corporation (China), Sukhjit Starch & Chemicals Ltd. (India), Universal Starch Chem Allied Ltd (India), Primient (US), SPAC Starch Products (India) Private Limited (India), JP&SB International (Spain).

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marketgrowthstrategy · 11 months

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Corn Starch Market Share, Size, Analysis and Global Forecast to 2027

Rise in the retail market, expansion of the food & beverage industry, and several characteristics of starch have boosted the growth of the global corn starch market.

Rise in the retail market, expansion of the food & beverage industry, and several characteristics of starch have boosted the growth of the global corn starch market. However, availability of numerous substitutes and rise in consumer consciousness about the negative effects of starch-rich diet hinder the market growth. On the contrary, surge in demand for clean label starch and resistant starch would open lucrative opportunities for the market players in the future.

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Covid-19 scenario:

Covid-19 pandemic resulted in rise in demand for packaged food and sweeteners as they have a longer shelf life.

However, the lockdown negatively affected the supply and distribution of packaged food & beverages.

U.S. and China are the major producers of corn starch. However, the declining output growth of corn starch and the pandemic has hindered production.

The global corn starch market is segmented on the basis of type, application, form, and region. Based on type, the modified segment is projected to portray the highest CAGR of 7.4% during the forecast period. However, the sweetener segment dominated the market in 2019, contributing to more than half of the market.

On the basis of form, the liquid segment held the lion’s share in 2019, accounting for more than half of the market. However, the powder segment is estimated to manifest the highest CAGR of 6.9% from 2021 to 2027.

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The global corn starch market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is estimated to portray the highest CAGR of 7.5% during the forecast period. Moreover, the region contributed the highest share in 2019, contributing to more than two-fifths of the market.

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delvenservices · 1 year

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Bioplastics & Biopolymers Market Trends & Revenue Analysis

Bioplastics & Biopolymers Market projected to reach USD 46.1 billion in 2030

Bioplastics & Biopolymers Market, By Type (Biodegradable, Non-Biodegradable, Others), by End-Use Industry (Packaging, Consumer Goods, Automotive and Transportation, Textile, Agriculture, Others), By raw material (Sugar Cane, Potato, Corn Starch, Switchgrass, Vegetable Oil, Cassava, Wheat, Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

Market Overview

The global Bioplastics & Biopolymers market size was estimated at USD 13.6 billion in 2023 and is projected to reach USD 46.1 billion in 2030 at a CAGR of 19.1% during the forecast period 2023-2030.

Moldable plastic made from chemical compounds derived or synthesized by microbes such as bacteria or genetically modified plants. Bioplastic is a durable plastic made from bio-based materials such as sugar, algae and starch. Biopolymers are a broad class of materials that include, in addition to bioplastics, natural polymers such as silk, chitosan and wool. Examples of biopolymers are natural gums (isoprene polymers), suberin and lignin (complex polyphenolic polymers), cutin and cutan (complex polymers of long-chain fatty acids), and melanin. Bioplastics are made from human and animal waste, plant products and agricultural waste, which are then recycled and used to make new products using the latest technology. Bioplastics and biopolymers are widely used in the packaging industry. Therefore, bio-based raw materials such as starch and plant by-products are used to meet strict government environmental regulations. Therefore, the quality of the products in this industry is worse than in the traditional plastic manufacturing industry. Bioplastics are mostly used for food storage and can be stored for longer periods of time without refrigeration while maintaining their chemical properties.

The main factor driving the growth of the bioplastics-biopolymers market is the widespread use of biopolymers in the automotive and construction industries. In addition, growing consumer preference for eco-friendly plastic products, rising waste management regulations in Europe, and governments' focus on green procurement policies and regulations are also expected to boost the growth of the bioplastics-biopolymers market. However, higher prices and performance issues than traditional bioplastics restrain the bioplastics - biopolymers market, while oil price volatility and limited regulations related to bioplastics in developing countries challenge market growth.

The coronavirus pandemic has had mixed effects on the bio-based sector, with some companies helping to combat the epidemic with technological solutions, while others appear to be seeing increased demand for biodegradable carry-on packaging.

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Delvens Industry Expert's Standpoint

The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The bioplastics and biopolymers market is primarily driven by increasing demand for plastic convenience and premium foods, increasing urban population leading to food adoption, increasing consumption of processed or stored foods and packaged foods for consumers worldwide, increasing disposable income of eatable food and versatility of food and packaging. One of the dominant end uses in the bioplastics and biopolymers market is packaging. Bioplastic, especially biodegradable bioplastic, is becoming a substitute for conventional plastic for environmental reasons. Bioplastics are increasingly used in bottles, films, clamshell packaging, waste collection bags, carrier bags, mulch films and serving dishes. In addition, the market is expected to grow due to the increase in demand for packaged foods, innovation and development of bioplastic packaging, increasing healthcare of consumers, and increasing wear-resistant foods by food owners. Changing lifestyles of consumers in developed countries, growing pharmaceutical, food and other industries, and the emergence of new product developments in the field of bioplastic and biopolymer products will create opportunities for manufacturers in the global market during the forecast period. These factors have led to the expansion of the market and increased demand for Bioplastics & Biopolymers solutions.

Key Findings

The type segment is further fragmented into Biodegradable, Non-Biodegradable and Others. The Starch based segment under the biodegradable segment is expected to account for a larger market size during the forecast period. Starch is usually added to conventional plastics to give the resulting compounds some degree of biodegradability. Starch blends are excellent biodegradable fillers due to the poor thermal stability and melting properties of most materials. They can be used to reduce costs and accelerate the biodegradation of composite materials. Low starch content and PP blends increase flexibility and flexibility, making the grade ideal for extrusion applications. The grade's high starch content promotes brittleness, resulting in low tensile strength compared to conventional PP, making it suitable for injection molding applications.

The raw material segment is further bifurcated into sugar cane, potato, corn starch, switchgrass, vegetable oil, cassava, wheat and others. The corn starch is the largest market during the forecast period. Corn starch is obtained from corn kernels, which are used to make polylactic acid (PLA). Corn kernels are the cheapest available and also the most abundant source available. Corn bioplastics made from PLA are a popular alternative to traditional plastics derived from petroleum-based chemicals. Biodegradable packaging materials, food bags and food packaging materials can be made from cornstarch bioplastic. It is also used in medical implants and surgical devices such as sutures, ligatures and mesh. One of the leading manufacturers, NatureWorks LLC, launched Inge's line of bioplastics derived from corn starch for high-value-added applications in rigid and flexible packaging manufacturing.

The end-user industry segment is further bifurcated into packaging, consumer goods, automotive and transportation, textile, agriculture, others. Large enterprises to account for a larger market size during the forecast period. Biopolymers have special advantages such as biodegradability and bio-based content, making them a better choice for agriculture. Farmers used BAT and PBS mulch films to improve crop productivity and soil quality. These polymers are also used in the cultivation, harvesting and processing of agricultural products. Agricultural films can also be used to make pots. Biopolymers such as starch-based plastics, BAT and PBS are used in a wide range of applications, including agricultural mulch films, seed strips, ribbon plantings, planters and cover films. Adding mulch increased biodegradability and water solubility of bioplastic. This has led to an increase in demand for bioplastics in agriculture.

The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe is estimated to account for the largest market share during the forecast period owing to the consumer acceptability of bioplastics.

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Regional Analysis

Europe to Dominate the Market

Europe is estimated to account for the largest market share during the forecast period. In Europe, consumers have started accepting bioplastics for their daily uses.

Moreover, the increasing usage of bioplastics in key end-use industries such as consumer goods, packaging, textiles, automotive & transportation, and medical devices among others.

Competitive Landscape

Arctic Biomaterials

Avantium

BASF SE

Biome Bioplastics Ltd.

Bio-On

Biotec

Braskem SE

Cardia Bioplastics

Corbion

Futerro

Green Dot Bioplasics

Ineos Styrolution

LyondellBasell

Mitsbushi Chemical Group Corporation

Natureworks LLC

Novamont SPA

Plantic Technologies

SABIC

Solvay

Teijin Ltd.

Teknor Apex

Toray Industries

Total Energies

Trinseo S.A.

Recent Developments

In November 2022, Total Energies Corbion announced a long-term collaboration with BGF. Both companies entered into arrangement for application development and the supply of Luminy PLA.

In October 2022, Braskem announced to expand its I'm greenTM biopolymer production capacity by 30%. The company is investing USD 60 million to expand the capacity. Brakem and SC chemicals are the partners for the project. This partnership helps to double the current capacity for I'm greenTM products.

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Reasons to Acquire

Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

Gain authentic and granular data access for the Bioplastics & Biopolymers Market to understand the trends and the factors involved in changing market situations.

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope

The Bioplastics & Biopolymers Market is segmented into various segments such as Type, End-user industry, raw material and region:

Based on Type

Biodegradable

PLA

PBAT

PHA

PBS

Starch Based

Cellulose Films

Others

Non-Biodegradable

Bio-PE

Bio-PP

Bio-PET

Bio-PA

PTT

PEF

Others

Based on the End-Use Industry

Packaging

Consumer Goods

Automotive and Transportation

Textile

Agriculture

Others

Based on the Raw Material

Sugar Cane

Potato

Corn Starch

Switchgrass

Vegetable Oil

Cassava

Wheat

Others

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anyawinget · 1 year

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North America Wheat Starch Market Growth, Analysis and Advancement Outlook 2020-2027

“The North American wheat starch market is expected to reach US$ 161.89 million in 2027 from US$ 187.72 million in 2019. The market is anticipated to grow at a CAGR of 2.1 % from 2020 to 2027.”

The report titled “North America Wheat Starch Market” has recently been added by Business Market Insights to get a stronger and more effective business outlook. It provides an in-depth analysis of the different attributes of the industry, such as trends, policies, and customers operating in different geographies. Research analysts use quantitative as well as qualitative analytical techniques to provide users, business owners, and industry professionals with accurate and actionable data.

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The North America Wheat Starch market following are the manufacturers cover –

Cargill Incorporated

Roquette Freres

The Archer-Daniels-Midland Company

Agrana Group

Tereos SA

MGP Ingredients Inc.

Manildra Group

The leading players of the North America Wheat Starch industry, their market share, product portfolio, company profiles are covered in this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among North America Wheat Starch players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.

North America Wheat Starch Market Segment by Type, the product can be divided into:

Native Wheat Starch

Modified Wheat Starch

Market Segment by Application, split into:

Food and Beverages

Cosmetics

Others

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Research Objectives:

-To study and analyze the North America Wheat Starch consumption (value & volume) by key regions/countries, product type and application, history data.

-To understand the structure of North America Wheat Starch by identifying its various sub-segments.

-Focuses on the key North America Wheat Starch manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.

-To analyze North America Wheat Starch with respect to individual growth trends, future prospects, and their contribution to the total market.

-To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

-To project the consumption of North America Wheat Starch submarkets, with respect to key regions (along with their respective key countries).

-To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

-To strategically profile the key players and comprehensively analyze their growth strategies.

This research report also presents practical and practical case studies to help you get a clearer understanding of the topic. This research report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks in the North America Wheat Starch market.

Finally, North America Wheat Starch Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report provides locales, economic conditions, item values, benefits, limits, creations, supplies, requests, market development rates, and numbers, etc. North America Wheat Starch Industry Report Announces Additional New Task SWOT Examination, Speculation Achievement Investigation and Venture Return Investigation.

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Business Market Insights is a market research platform that provides subscription services for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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businessindustry · 4 months

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Waxy Maize Starch Market Revenue Analysis and Forecast to 2024-2032

Report Highlights:

How big is the Waxy Maize Starch Market?

What are Waxy Maize Starch?

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What are the growth prospects and trends in the Waxy Maize Starch industry?

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Native Waxy Maize Starch

Modified Waxy Maize Starch

By Form:

Powder

Granular

By Application:

Food and Beverages

Pharmaceuticals

Textiles

Paper and Packaging

Others

By End-Use Industry:

Food Manufacturers

Pharmaceutical Companies

Textile Industry

Paper and Packaging Industry

Others

By Distribution Channel:

Direct Sales

Distributors

Online Retail

Other Retail Channels

Segmentation By Region:

North America:

United States

Canada

Asia Pacific:

China

India

Japan

Australia & New Zealand

Association of Southeast Asian Nations (ASEAN)

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX (Belgium, the Netherlands, Luxembourg)

NORDIC (Norway, Sweden, Finland, Denmark)

Rest of Europe

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

The Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA (Middle East & Africa)

Who are the key players operating in the industry?

The report covers the major market players including:

Cargill Inc.

Archer Daniels Midland Company (ADM)

Tate & Lyle PLC

Ingredion Incorporated

Grain Processing Corporation

Roquette Frères

Tereos Group

Avebe U.A.

Universal Starch Chem Allied Ltd.

Agrana Group

SMS Corporation

SPAC Starch Products (India) Ltd.

Starch Asia (Thailand) Co., Ltd.

Galam Ltd.

Gulshan Polyols Ltd.

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#Waxy Maize Starch Market share #Waxy Maize Starch Market size #Waxy Maize Starch Market trends

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pravalika · 1 year

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Modified Starch Market - Forecast (2023 - 2028)

View More @ https://tinyurl.com/2unwy8ab

Modified starch serves different purposes in different industries. Modified starch is majorly used in food and beverages industry as a thickening agent or as a stabilizer. The food and beverages industry is growing at 5.23% CAGR. The modified starch market is predicted to grow at a CAGR of 4.31% in the period of 2017-2023.

Modified starch market Outlook:

The modified starch market can be classified with respect to raw materials used, functions of the modified starch, end user industries using modified starch and different regions’ market. The modified starch is produced using different modification methods like physical modifications, chemical modifications, enzymatic modification and genetic modification. There are different types of modified starch available like Pregelatinized Starch, Cross-Linked Starch, Oxidized Starch, Cationic Starch, Anionic Starch and others.

Modified starch market Growth drivers:

The food and beverage industry uses modified starch as a fat replacer, texture improver and nutritional value enhancer. The demand for packaged food has seen an inclination in the recent period. The global market for packaged food is valued approximately at $ 2.6 trillion in 2017 and it is growing at an estimated CAGR of 4.5%.

Modified starch market Challenges:

Modified starch market has many benefits in various applications. Modified starch has been advancing in terms of its properties because of the improvements in its production technologies. However, modified starch ingredients have been facing competition from specialized ingredients that are used for limited applications. Gum Arabic is one among the specialized ingredients which is used in beverage industry.

Modified starch market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Modified starch market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

Modified Starch (SAP) Market Report: Industry Coverage:

Modified starch market– By Raw materials: Corn, cassava, potato, wheat and others

Modified starch market – By Types: Pregelatinized Starch, Cross-Linked Starch, Oxidized Starch, Cationic Starch, Anionic Starch, Thinned Starch, Acetylated Starch, Dextrin, Grafted Starch, Ethers Starch, Physically Modified Starch, Enzyme Modified Starch

Modified starch market – By Production methods: Physical methods: Heat–moisture Treatment, Annealing, Retrogradation, Freezing, Ultra High Pressure Treatment, Glow Discharge Plasma Treatment, Osmotic-Pressure Treatment, Thermal Inhibition and Gelatinization; Chemical modifications: Etherification & Esterification,Cross-Linking,Acid Treatment,Oxidation,Dual Modification; Enzymatic Modifications; Genetic Modification.

Modified starch market – By Application: Thickeners, Stabilizers, Binders, Emulsifiers.

Modified starch market – By End-User industry: Food & Beverages: Frozen food, Flavor Encapsulation, Dairy Products, Canned foods; Pharmaceuticals: Pharmaceutical excipient, Tablet Superdieintegrant, Controlled/Sustained release polymer, Plasma volume expander; Cosmetics: Creams & Lotions, Anhydrous Products, Antiperspirants, Color cosmetics, Cleansing Products, Dry Shampoos, Powders; Animal Feed: Aquaculture, Beef Cattle, Compound feed, Bulk ingredient for On-farm Formulation, Pet food; Paper Industry, Petroleum Industry, Plastic Industry, Textile Industry, Others.

The Modified starch market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

Modified starch market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: Archer Daniels Midland Company, Cargill, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères, Avebe U. A., Grain Processing Corporation, Emsland- Stärke GmbH, Agrana Beteiligungs-AG, Sms Corporation Co. Ltd, Global Bio-Chem Technology Group Company Limited, Spac Starch Products Ltd. and Qingdao Cbh Co.Ltd.

“As global demand for healthier and tastier food continues to grow, this business has the opportunity to deliver meaningful benefits for our customers, employees, shareholders, and society at large, in the years ahead.” Nick Hampton, chief executive, Tate & Lyle

Market Research and Market Trends of Modified starch market:

Archer Daniels Midland Company has introduced new tapioca starch ingredients in partnership with Vedan international. These new ingredients will help in improving the stability by binding water in food systems.

Ingredion has launched a new modified food starch for yield improvement in cheese products. The new starch solution named PRECISA 680 is based on waxy maize. It is reported that the new starch solution can increase the yield by 8% to 10% in cheese manufacturing.

Tate & Lyle has received verification for 18 Starch Ingredients. These new starches will help in tackling formulation challenges which will deliver their texture goals. Texture is seen as one of the big challenges for formulators to optimize.

Ingredion has announced 17 additions to its wide range of non-GMO ingredient solutions. These newly added modified starch solutions helping in in improving process tolerance and stability in application related to food and beverage industry.

#Modified Starch #Corn #Tapioca #Potato #Wheat #Thickening Agent #Emulsifying Agent #Stabilizing Agent #Carbohydrate #Animal Feed #beverage #stabilizer #enzymatic modification

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chemicaltech · 2 years

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Wheat starch Market is expected to witness Incredible Growth during 2021-2031

Wheat starch is a type of carbohydrate that is derived from wheat flour. It is composed of long chains of glucose molecules, and is used as a thickening agent, binding agent, and emulsifier in food production. Wheat starch can be used in a variety of recipes, including pies, pastries, and sauces. It is also a common ingredient in gluten-free baking mixes and flours.

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Market Segmentation

The Wheat Starch Market is segmented by type, grade, end-user, and region. On the basis of type, the wheat starch market is segmented into native wheat starch and modified wheat starch. On the basis of grade, the wheat starch market is segmented into food grade and industrial grade. Based on end use, the wheat starch market is segmented into food and beverages, cosmetics, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Wheat Starch Market are Cargill Incorporated, RoquetteFreres, Manildra Group, MGP Ingredients, The Archer-Daniels-Midland Company, Agrana Group, Tereos SA, Crespel and Deiters, New Zealand Starch Company and Sacchetto S.p.A.

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joeypetter · 2 years

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Egg Replacement Ingredients Market Expected to reach US$ 1,863.1 Mn with 6.0% CAGR Forecast to 2030 - Reports and Insights

A novel report issued recently by Reports & Insights titles “Egg Replacement Ingredients Market: Opportunity Analysis and Future Assessment 2022-2030” which refers to a detailed market documentation and statistics summarizing factors like market size, market prospects and future opportunities, possible challenges, prevailing trends, leading players engaged in the market developed by the acknowledged market expertise using verified research methodologies and proven analytical approaches. The base year considered for the study is 2021, and the forecasted year is considered 2022-2030. The global Egg Replacement Ingredients Market in 2022 is estimated for more than US$ 1,170.2 Mn and expected to reach a value of US$ 1,863.1 Mn by 2030 with a significant CAGR of 6.0%.

The egg replacement ingredients market is estimated to reach at a value of US$ 1,170.2 Mn by the end of 2022 and expected to reach at a value of US$ 1,863.1 Mn by 2030 with a significant CAGR of 6.0%.

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Egg Replacement Ingredients Introduction

We all are acutely aware that eggs are amazingly healthy and multifaceted, which makes them a well-known food for the significant part of the population all around the world. They are exceptionally regular in baking, where almost every recipe asks for them. Having said that, for various reasons, some people avoid eggs, including egg allergy, vegan diet and many more. Fortunately, in present times, there are abundant replacements one can use as an alternative.

Egg replacement ingredients can be basically perceived as the perfect replacement for eggs and are comprehensively employed to take the place of egg content in the food. These egg replacement ingredients lessen the egg content without impacting the nutritional value and taste of the food products. They are developed from several different constituents such as modified food starch, milk, and much more.

These ingredients are extensively used across cookies & biscuits, chocolate, cakes, pastries, noodles, pastas & bread, and mayonnaise. In addition to that, they are also utilized in spreads, savories, and dressings. The egg replacement ingredients are a low-cholesterol or low-fat substitute to whole eggs and are idealistic for the consumers who do not want to consume meat and choose plant-based products. Owing to which, the global egg replacement ingredient market is projected to rise significantly in the following years.

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Egg Replacement Ingredients Market Segmentation

The global egg replacement ingredients market is segmented on the basis of ingredients, application, form, end use, and region.

By Ingredients

Algal flours

Colorings

Species

Flavorings

Himalayan black salt

Soy Products

Lecithins

Tofu

Tahini

Legume proteins, flours, and aquafaba

Cereal proteins

Hydrocolloids

Starches

Fibers

Flax and chia seeds

Vegetable Oils

Others

By Application

Chocolates

Biscuits & Cookies

Cakes/Pastries/Muffins/Breads

Mayonnaise

Noodles & Pasta

By End Use

Commercial

Large Scale Food Manufacturers

Small Scale Food Manufacturers

Household

By Form

Liquid

Powder

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Egg Replacement Ingredients Market Key Players

Some of the key participating players in global Egg Replacement Ingredients market are:

Corbion N.V.

Archer Daniels Midland

Cargill

DuPont

Manildra Group USA

MGP Ingredients

Hansen

DSM

Kalsec

Naturex

Sensient Technologies

Bell Flavors & Fragrances

Target Flavors

Firmenich

Givaudan

Symrise

Fiberstar

Grain Millers

TIC Gums

BI Nutraceuticals

Devansoy

Ingredion

SunOpta

World Food Processing

AEP Colloids

Cargill

CP Kelco

FMC Corporation

Ingredient Solutions

Tate & Lyle

Fiberstar

Grain Millers

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teeresearch · 2 years

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Functional Ingredients Market - Forecast 2022 - 2027

Functional Ingredients Market Overview

The Functional Ingredients Market size is estimated to reach $117.1 billion by 2027. Furthermore, it is poised to grow at a CAGR of 6.1% over the forecast period of 2022-2027. Functional ingredients are considered as ingredients that have the ability to positively influence health besides their basic nutritional value. They are preventative in nature rather than curative. The rise in demand for fortified food & beverage products and rising health awareness among consumers are the key drivers for the growth of the functional ingredients market. Consumers now expect processed food to be nutritional and sustainable, in addition to factors such as flavour, quality, safety, and convenience. The changing preferences, growing disposable income of consumers, and western-style eating habits boosted the sales for food and beverage industry which in turn augmented the growth of the functional ingredient market as end-users are aware of nutritional benefits, consider food safety important, and are looking for products that possess health-promoting and disease-preventing properties.

Technological advances have aided in identifying which ingredients would enhance fortification, creating further opportunities for stressing the health benefits of functional foods are some of the factors anticipated to drive the Functional Ingredients Industry forward in the projected period of 2022-2027.

Report Coverage

The report: “Functional Ingredients Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Functional Ingredients Market.

By Product- Maltodextrin, Probiotics, Polydextrose, Modified Starch, Pectin, Omega-3 (EPA, DHA, ALA), Omega-6, Protein - Soy Protein, Whey Protein, Rice Protein, Mung Bean Protein and Others, Prebiotics, Vitamins & Minerals, Fibers & Specialty Carbohydrates, and Others.

By Source- Natural and Synthetic.

By Application- Food & Beverages, Personal care, Pharmaceuticals, Animal feed, and Others.

By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), and Rest of the World (Middle East, Africa and South America).

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Key Takeaways

Geographically, North America held a dominant market share in the year 2021 owing to increasing health concerns and awareness among people and the presence of well-established players in the region. The growing demand for convenient food options resulted in the much-needed push for using such ingredients. Additionally, Asia-Pacific is expected to offer lucrative growth opportunities to the marketers owing to the growing preference to outsource the processing/manufacturing aspects to the region owing to cost advantages and trade benefits. Rapidly rising processed food consumption, combined with rising health and fitness awareness in developing nations, is a major element driving the region's functional food industry growth.

Increasing health consciousness and consumption of nutrient-enriched foods to improve overall well-being will augment the market growth. Shifting consumers’ preference to plant-based foods coupled with key market players’ increasing innovative product launches are accelerating the Functional Ingredients Market over the forecast years 2022-2027.

A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Functional Ingredients Market Report.

Functional Ingredients Segmentation Analysis- By Source

The Functional Ingredients market based on the source can be further segmented into Natural and Synthetic. Natural held a dominant market share in the year 2021 and is also estimated to be the fastest-growing, with a CAGR of 7.5% over the forecast period of 2022-2027. Natural sources are the most common source of functional ingredients. Studies have shown that food waste from fruits, vegetables, cereals, and other food processing businesses is used as a source of bioactive chemicals and nutraceuticals, which have important applications in treating a variety of diseases. Using various extraction methods, secondary metabolites, minerals, and vitamins have been recovered from food waste. Traditional personal care products are increasingly incorporating natural functional ingredients. According to SPINS' 2019 State of the Natural Industry study, retail sales of natural food and beverage products are growing at a considerably faster rate than the total food and beverage market this indicates that there is a growing need for natural functional ingredients, which is driving the Functional Ingredients market.

However, Synthetic is estimated to be the second-fastest-growing owing to the presence of major companies expanding their product on global platforms. Synthetic functional ingredients are nearly equivalent to those found in food in terms of chemical composition. Synthetic functional ingredients, on the other hand, are created in a very different way than they are created by plants and animals. The body may react differently to synthetic nutrition while having the same composition. Furthermore, how well synthetic functional ingredients are taken and utilised in the body is unknown. Some may be easier to absorb than others, thereby, driving the segment growth.

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Functional Ingredients Market Segmentation Analysis- By Application

The Functional Ingredients market based on the application can be further segmented into Food & Beverages, Personal care, Pharmaceuticals, Animal feed, and others. Food & Beverages held a dominant market share in the year 2021 owing to consumer preferences for nutritional and convenience foods, as well as an increase in demand for fortified food and beverage products. Also, with the constant expanding presence of start-ups focusing on innovative nutrient-enriched foods and beverages, the growth of the Functional Ingredients Market is expected to increase. Remedy Organics, for instance, is situated in New Jersey and creates beverages with strong super-ingredients, botanicals, herbs, proteins, and probiotics. Furthermore, YoFiit, a Toronto-based company, uses chickpeas' high nutritional value to develop non-dairy meal solutions. Moreover, few manufacturers are also aiming their products at people who suffer from chronic illnesses. For instance, Hapi Drinks makes sugar-free drinks for kids with the goal of preventing Type 2 diabetes and juvenile obesity. The growing application of functional ingredients and the availability of specialty functional foods and beverages in key economies allow the market to maintain a long-term development trajectory.

However, Pharmaceuticals are estimated to be the fastest-growing owing to their growing application scope in the treatment of Cardiovascular Disorders (CVDs) and malnutrition. Over the forecast period, the worldwide functional ingredients industry is expected to be driven by rising healthcare costs along with an expanding senior population around the world. Furthermore, the pandemic is a cornerstone for the beginning to the end of inferior nutrition, invalid claims, and clever marketing claims phrases that have misled customers. In India, for example, the Indian Council of Medical Research (ICMR) and the FSSAI have reached an impasse with the claims and are demanding clinical confirmation of the goods. In 2019, approximately 38 million children under the age of five were overweight or obese, according to a World Health Organization (WHO) factsheet. Owing to the obese population around the world, the market for functional ingredients is expected to rise at a rapid rate, thereby, creating growth opportunities for the segment growth.

Functional Ingredients Market Segmentation Analysis- By Geography

The Functional Ingredients market based on Geography can be further segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a dominant market share of 32% in the year 2021 as compared to the other counterparts on account of increasing health concerns and issues, such as obesity, digestive ailments, and diabetes, increasing ingredient transparency among well-informed consumers, and the presence of giant food companies actively creating products and exploring more opportunities in the functional food and beverage sector. Furthermore, the industry is being driven by increasing R&D and expenditures by key market players in this area. Cargill, Incorporated, for instance, made a strategic investment in Puris, a plant-based ingredients firm based in the United States, in August 2019. A total of $75 million was spent to address the expanding demand for pea protein ingredients in the U.S. market which in turn boosted the functional ingredients market growth in this region.

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Functional Ingredients Market Drivers

Growing Adoption of Plant-Based Products is Fuelling Functional Ingredients Demand.

Consumer preferences for health, ethics, and sustainability are driving a massive shift toward plant-based beverages. Manufacturers are now coming up with innovative ideas on quality and taste upgradation through product launches. For instance, following Yum China Holdings Inc.'s KFC's promising trial of plant-based nuggets in April 2020, REFILE-Cargill expanded its plant-based protein food for China. PlantEver, a consumer brand, will be introduced to both online and offline retailers in China at the end of June. According to research conducted by The Vegan Society, the vegan population in America increased by 600% from 2014 to 2019, generating new potential for plant-based products over the forecast period. Vegans make about 3-4% of the population in the United States, depending on their age group. The significance of vegan supplements in enhancing endurance is predicted to play a part in market expansion, with many well-known athletes adopting vegan dietary trends. As a result of the transition toward a plant-based diet, consumers are looking for plant-based protein supplements, which bodes well for plant-based beverage manufacturers in the long run, thereby, driving the Functional Ingredients Market.

The Use of Probiotics in Niche and Diverse Application is contributing to Functional Ingredients Industry Expansion

The growing use of probiotic ingredients in nutraceuticals, such as fortified food and beverage products and dietary supplements, is driving Functional Ingredients demand. Probiotics are quickly becoming one of the most popular substances that people want to include in their diets. These nutrients have been shown to help with digestion, mental wellness, and heart health. Supplement sales of probiotic components are increasing, as a rising number of customers regard supplements as a handy option. According to Packaged Facts, the age group of 18-34 years had the highest usage of probiotic dietary supplements in the year 2019, indicating a shift in their attitude toward staying fit and healthy. It might also be deduced that, unlike their elders, young Americans do not wish to suffer in the old life. As a result, they're taking precautions to avoid the health problems that plagued them in their younger years. Thus, increasing the growth of the Functional Ingredients Market.

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Functional Ingredients Market Challenges

Stringent Regulatory Approval is impeding the market growth

The stringent regulatory approval is restricting the market expansion. Before being released on the market by the end product maker, all items must go through a rigorous approval process from multiple national agencies that examine the ingredients safety and efficacy. The process is complex and time-consuming, and it requires extensive testing with a minute to large-scale comprehensive observations. Also, advertising and product labelling are subject to stringent rules in many countries which prevents the expansion of the market. The Nutrition Labelling and Education Act (NLEA), which revised the FD&C Act, mandates that most foods be labelled with nutrition information and that food labels bearing nutrient content claims and some health messages meet specified criteria, thereby restraining the Functional Ingredients industry expansion globally.

Functional Ingredients Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Functional Ingredients Market. The top 10- Functional Ingredients Market companies’ are-

ADM

BASF SE

DowDuPont

Cargill Incorporated

Arla Foods

Kerry Group

Omega Protein Corporation

Tate & Lyle plc

Amco Proteins

A&B Ingredients

Recent Developments

In May 2021, Cargill launched EpiCor, is a dry yeast fermentate that has been clinically proved to regulate the gut microbiota and strengthen the immune system in dietary supplement trials. This launch is to meet the growing demand for sustainable proteins and to deliver novel value to the customers.

In June 2020, Kerry introduced 13 new plant-based, allergen-free protein options made from pea, rice, and sunflower protein sources. The ingredients are developed to meet the needs of both vegan and traditional product creation while also providing solubility, dispersibility, and neutral flavour.

In May 2020, Kerry Group expanded its clean-label food protection capabilities through the acquisition of two companies, Georgia-based IsoAge Technologies, and Biosecur Lab, located in Quebec, Food Ingredients First reported.

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