North America Industrial Starch Market Outlook
According to the report by Expert Market Research (EMR), the North America industrial starch market size reached a value of USD 24.05 billion in 2023. Aided by the escalating demand for starch and its derivatives in a myriad of industrial applications, the market is projected to further grow at a CAGR of 6.7% between 2024 and 2032 to reach a value of USD 43.36 billion by 2032.
Industrial starch, extracted from various plant sources including corn, wheat, cassava, and potato, is a critical ingredient in numerous sectors such as food and beverage, paper and packaging, pharmaceuticals, textiles, and adhesives. Its versatile properties, such as binding, thickening, stabilising, and film-forming abilities, make it indispensable in these sectors.
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The North America industrial starch market growth is primarily driven by the robust food and beverage sector, where starch is extensively used in products like bakery goods, confectioneries, beverages, and convenience foods. The rising consumer demand for natural and clean-label ingredients has further bolstered the demand for starch as a food additive. Additionally, the paper and packaging sector plays a pivotal role in the market’s expansion. Starch is employed in this sector for its adhesive and strengthening properties, essential for corrugated boards and paper-based packaging solutions. With the increasing environmental concerns and the shift towards sustainable packaging options, the demand for starch-based packaging solutions is on the rise.
The pharmaceutical sector’s growth also poses a positive impact on the industrial starch market in North America. In this sector, starch is utilised as an excipient in tablet manufacturing and as a disintegrant, offering biocompatibility and non-toxicity. Moreover, advancements in starch modification techniques have led to the development of modified starches with enhanced functionalities, catering to specific industrial requirements and this innovation has expanded starch applications.
The market is poised for significant growth, driven by the expanding applications of starch across various industries and the rising demand for natural and sustainable ingredients. As per the North America industrial starch market analysis, despite facing challenges related to raw material supply and environmental regulations, the market holds promising prospects, fuelled by innovation and the development of eco-friendly starch-based solutions. As the market continues to evolve, stakeholders in the market will need to adapt to the changing landscape by embracing sustainable practices and investing in new technologies to stay competitive and meet the demands of a dynamic market.
As per the North America industrial starch market outlook, consumer demand for clean label and natural products has led to a preference for ingredients like starch derived from natural sources such as corn, tapioca, and potato. Manufacturers in the food and beverage sector are reformulating their products to replace synthetic additives with natural alternatives, driving the demand for natural starches in North America.
Starch-based feedstocks, such as corn and wheat, are utilised in the production of biofuels such as ethanol. Government mandates and incentives promoting the use of biofuels as renewable energy sources, along with volatility in fossil fuel prices, have stimulated investment in biofuel production facilities in North America. This has, in turn, bolstered the demand for starch feedstocks, supporting the North America industrial starch market expansion.
Industrial starch manufacturers are responding to the demand for functional ingredients and clean-label solutions by offering a diverse range of starch-based products tailored to specific customer requirements. These include speciality starches with unique properties such as resistance to high temperatures, shear, and acidity, as well as organic and non-GMO options to meet clean label preferences which also contributes to the North America industrial starch market share.
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North America Industrial Starch Market Segmentation
The market can be divided based on source, type, form, application, and country.
Market Breakup by Source
- Corn
- Wheat
- Cassava
- Potato
- Others
Market Breakup by Type
- Native
- Starch Derivatives and Sweeteners
Market Breakup by Form
- Dry Form
- Liquid Form
Market Breakup by Application
- Corrugation and Paper Making
- Pharmaceuticals
- Textiles
- Mining and Drilling
- Construction and Building
- Chemical
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America industrial starch market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cargill Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Tate & Lyle PLC
- Roquette Frères
- Grain Processing Corporation
- AGRANA Beteiligungs-AG
- Tereos S.A.
- Emsland Group
- Others
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