Industrial Starch Market Key Factors, Size, Dynamics, Segments and Forecast Predictions

 


Industry Analysis

Industrial starch market to be growing at a CAGR of 6.4% in the forecast period of 2021-2028 and is expected to reach the USD 148.85 billion by 2028.

Starches are widely obtained from food sources such as wheat, potato, maize, among others, and they are used in a variety of sectors including paper, food, printing, textiles, and many others. Starch is an edible polymer obtained from plants. It is commonly utilized in the culinary and pharmaceutical industries. Corn, rice, potato, tapioca, and wheat are the most common commercial sources of starch. Gluten-free starch refers to the five starches listed above. Corn starch is mass-produced for industrial application on a vast scale.


Market Insights and Scope

The industrial starch market’s growth is being fuelled by rising demand for starch in non-food applications such as snacks, bakeries, drinks, and functional foods, as well as increased use of starch in biodegradable plastic and food products and additives. Furthermore, the rising pharmaceutical and biotechnology sectors, upsurge in the demand for convenience food and growing demand from the paper and wallboard industries for wheat starch due to its adhesive properties, consistent viscosity, and better performance, are propelling the market forward.

Moreover, improvements in the production process and the development of wastewater treatment technologies will boost the opportunities for the growth of industrial starch market.


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