
Published On: Oct 2022
Published On: Oct 2022
At 4.7% CAGR, the SAM Industrial Starch Market is projected to be worth US$ 7,063.80 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the SAM industrial starch market was valued at US$ 5,353.58 million in 2022 and is expected to reach US$ 7,063.80 million by 2028, registering an annual growth rate of 4.7% from 2022 to 2028. Growth in the food and beverage industry and increase in demand from packaging industry are the critical factors attributed to the market expansion.
The food & beverages industry has witnessed significant growth for clean label ingredients such as starch. Starch has been extensively used by food industries worldwide, with maize, potato, and cassava starch the most common sources. Starch is used in the food and beverage industry either as food products or as additives for thickening, preservation and quality enhancer in baked food products, confectioneries, canned jams, juices, soups, pasta, sauces, and mayonnaise. The growing population around the world is increasing the demand for food and beverages. These factors are driving the demand for ready-to-eat or convenience food and beverages. Starch is one of the primary ingredients used in bakery products, confectioneries, dairy products, fruit drinks, alcoholic beverages, savory snacks, and processed meat products, among others. In these formulations, it serves as a binder, thickener, stabilizer, and gelling agent. There is a strong demand for starch and its derivatives such as maltodextrins, isoglucose, and polyols in the food & beverages industry. Thus, the increasing demand for starch with flourishment of the food & beverages industry is driving the growth of the industrial starch market.
On the contrary, demand and supply gaps hurdles the growth of SAM industrial starch market.
Key players dominating the SAM industrial starch market are ADM; AGRANA Beteiligungs AG; Cargill, Incorporated; Grain Processing Corporation; Ingredion Incorporated; Roquette Frères; Tate & Lyle PLC; Tereos Group among others.
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