Industrial Starch Market Overview:
Starch is an essential part of adhesive formulations and has a vast number of industrial applications to its name. Industrial starch is derived from several natural sources like rice, tapioca, wheat, potato, and maize. It is primarily consumed the most across the food industry, wherein it is used to manufacture a number of products. This includes bakery products, canned jams and fruits, confectionaries, monosodium glutamate (MSG), and commercial caramel. Its application stretches into the non-food industry like textile, building materials, paper, mining, and consumer products industries. Industrial starch is used extensively in the paper industry for the manufacturing and coating operations. It is used in the textile industry for cloth printing and finishing. It is used for the well-drilling process in the mining industry. When starch is mixed with clay, it provides a mixture that has proper water holding capability and viscosity to be used for drilling oil wells.
South Korea Industrial Starch Market is characterized by rapid growth and innovation, fueled by the country's dynamic manufacturing sector and changing consumer preferences. Corn starch and sweet potato starch are among the key varieties driving market expansion, serving diverse applications in food processing, textiles, and pharmaceuticals. South Korean manufacturers invest in research and development to enhance product functionality, optimize production efficiency, and address sustainability concerns. Factors such as the increasing demand for processed foods, the rise of the cosmetics industry, and government support for biodegradable materials contribute to the vibrant growth and competitiveness of the industrial starch market in South Korea.
Industrial Starch Market Size was valued at USD 82.397 billion in 2023. The Industrial Starch market industry is projected to grow from USD 82.397 Billion in 2024 to USD 124.72 billion by 2032. Industrial starch is firstly transformed into sugars by malting it down. Following this, it is fermented to yield ethanol to manufacture whiskey, biofuel, and beer. When dissolved into warm water, industrial starch has a number of applications such as adhesives, thickeners, emulsifiers, and others. The starch is extracted and refined from roots, tubers, and seeds with the help of various processes such as sleeving, wet grinding, washing, and drying. The global industrial starch market is projected to grow at a CAGR of 5.32% from 2024 to 2032.
According to the latest in-depth research conducted by the Market Research Future (MRFR), there is a rising demand for adhesive from the packaging industry with the proliferating growth of the e-commerce industry. Additionally, the growing demand for fast foods is also growing due to the convenience it offers. These two factors are the major driving forces for the industrial starch market.
Market Segmentations:
Industrial starch market is segmented on the basis of source, type, form, application, and non-food applications.
On the basis of source, the industrial starch market is divided into wheat, corn, potato, cassava, and other sources.
On the basis of form, the market segmentation includes liquid, gel, powder, and others.
On the basis of application, the market comprises of food & beverages and non-food applications. Under food-based applications, the market includes processed food, confectioneries, and others.
On the basis of non-food application, the market includes personal care, corrugation and papermaking, pharmaceuticals, textiles, and others. The other segment includes construction & building, mining & drilling, chemicals, adhesives, and animal feed.
Competitive Landscape:
The global Industrial Starch Market Companies includes Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Roquette Frères (France), Cargill, Agrana Beteiligungs-AG (Austria), Archer Daniels Midland Company (U.S.), Grain Processing Corporation (U.S.), Incorporated (U.S.), and Ingredion Incorporated (U.S.).
Industry News:
Jan 2019, Archer Daniels Midland (ADM), an American food processing and commodities trading organization, announced its partnership with General Starch Limited (GSL), which is a Thailand-based leading producer of tapioca starch. The move is aimed to extend ADM’s specialty and clean label starch portfolio to support customer solutions.
Sep 2018, A team of researchers from the University of Liege, applied CRISPR-Cas9 gene editing technology to engineer cassava plants which produces a modified form of starch and can be used in demand for both cooking and industrial processing purposes.
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