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