New York, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Industrial Starch Global Market Report 2022" - https://www.reportlinker.com/p06318583/?utm_source=GNW
Ltd, Japan Corn Starch Co.
Ltd, Karandikars Cashell Private Limited, and Bangkok Starch Industrial Co Ltd.
The global industrial starch market is expected to grow from $75.60 billion in 2021 to $83.60 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The industrial starch market is expected to grow to $111.18 billion in 2026 at a CAGR of 7.4%.
The industrial starch market consists of sales of industrial starch by entities and related (organizations, sole traders, and partnerships) that are used in food and non-food products.Starch is a polymeric carbohydrate that contains glucose units joined by glycosidic bonds.
Industrial starch is extracted from various natural sources such as rice, wheat, potato, maize, and tapioca.
The main types of products in industrial starch are cationic starch, ethylated starch, oxidized starch, acid modified starch, and unmodified starch.The cationic industrial starch refers to the slurry of partially swollen granules of starch that are produced by treating with a reactive compound.
The various sources include corn, wheat, cassava, potato, others that are used in food, feed, paper industry, pharmaceutical industry, and other applications.
North America was the largest region in the industrial stratch market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the industrial stratch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The industrial starch market research report is one of a series of new reports that provides industrial starch market statistics, including industrial starch industry global market size, regional shares, competitors with a industrial starch market share, detailed industrial starch market segments, market trends and opportunities, and any further data you may need to thrive in the industrial starch industry. This industrial starch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rise of the pharmaceutical industry is expected to propel the growth of the industrial starch market.The pharmaceutical industry refers to the discovery, evolution, and manufacture of drugs and medications (pharmaceuticals) by public and private organizations.
Starches are being used in the pharmaceutical industry for numerous reasons, such as an excipient, a tablet and capsule diluent, a tablet and capsule disintegrant, a glidant, or a binder.For instance, according to the Indian Economic Survey 2021, India’s domestic pharmaceutical market reached US$ 42 billion in 2021 and is expected to reach US$ 65 billion by 2024 and would further expand to reach around US$120–130 billion by 2030.
Therefore, the rising pharmaceutical sector will drive the growth of the industrial starch market.
Product innovation is a key trend gaining popularity in the industrial starch market.Major companies operating in the industrial starch sector are focused on developing new product innovations to strengthen their position.
For instance, in March 2021, Ingredion Incorporated, a US-based food company, launched a new addition, ULTRA-TEX 1311, to its extensive range of potato-based solutions for the U.S. and Canada. ULTRA-TEX 1311 is a modified potato starch used in a large variety of traditional and alternative formulations for creating indulgent textures, improving stability vs. native potato starch, or replacing oil without sensory appeal. The starch is mainly ideal for plant-based, low-fat, reduced-fat, and keto-friendly applications.
In October 2020, Tate & Lyle, a UK-based provider of food and beverage ingredients, acquired an 85% stake in Chaodee Modified Starch Co., Ltd. for an undisclosed amount. The acquisition is expected to enable Tate & Lyle to offer a broader range of tapioca-based solutions to meet customers’ needs for better-tasting and clean-label foods. Chaodee Modified Starch Co., Ltd. is a Thailand-based starch manufacturer.
The countries covered in the industrial stratch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Read the full report: https://www.reportlinker.com/p06318583/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
