Introduction
Industrial starch is a type of carbohydrate-based substance that is derived from various plant sources, primarily corn, wheat, potatoes, cassava and other. Starch composition includes long chains of glucose molecules and is a common energy storage molecule in plants. In industrial applications, starch is processed and modified to obtain specific properties that make it useful in a wide range of industries. Industrial starch can be modified through physical, chemical, or enzymatic processes to achieve different characteristics such as viscosity, gelatinization, stability, and more.
Industrial Starch demand is in making thickening agent, stabilizer, and gelling agent in food products like sauces, soups, dressings, and bakery goods. Industrial Starch is consumed as a surface sizing agent in paper manufacturing to improve paper smoothness, reduce ink penetration, and enhance print quality. Industrial Starch can be applied to fabrics to improve their stiffness and enhance the weaving process. Starch is used as an excipient in pharmaceutical formulations to aid in the binding, disintegration, and controlled release of tablets. Starch is used in cosmetics and personal care products for its absorbent and texture-enhancing properties.
Modified starches can be used in the production of adhesives for various applications, such as packaging and woodworking. Starch can be modified to create bioplastics, which are more environmentally friendly compared to traditional petroleum-based plastics. Starch can be included in animal feed formulations as a source of energy and as a binder for pelletized feeds. In some cases, starch can be used in the production of construction materials like gypsum boards to improve their properties. The versatility of industrial starch arises from its ability to be modified to suit specific purposes in different industries. The modifications can alter the size, structure, and properties of starch molecules, leading to a wide range of functional possibilities.
Industrial Starch Market Overview
Global industrial starch market was estimated to be around 92,000 kilo tons annually which is consumed majorly as modified starch or hydrolysed starch. Modified starch market segment is expected to grow faster in terms of demand as compared to that of native starch market segment. Demand from modified starch segment is projected to grow at a CAGR of 4.5%. China is one of the largest producers of industrial starch, primarily from corn. It has a significant role in both domestic consumption and export markets. The U.S. is also a major producer of corn starch and accounts for a substantial portion of global starch production. Corn is a key feedstock for starch production in the U.S.
EU countries, including France, Germany, and the Netherlands, produce a substantial amount of starch, mainly from wheat, corn, and potatoes. Thailand is a major producer of tapioca starch, derived from cassava. Tapioca starch is widely used in various industries. Indonesia is another significant producer of tapioca starch, driven by its large cassava production. India produces starch from sources like cassava, corn, wheat, and potatoes to meet domestic industrial and food demand.
Corn starch is the most widely produced and utilized starch globally. It s used in various industries, including food, paper, textiles, and industrial applications. The United States, China, and the European Union are major producers of corn starch. Tapioca starch, derived from cassava, has been growing in demand due to its gluten-free and versatile nature. Countries like Thailand and Indonesia are significant producers of tapioca starch. Wheat starch and potato starch are also produced on a substantial scale. Wheat starch finds application in the food industry, especially in Europe, while potato starch is used in food and industrial applications.
Industrial starch market in Asia Pacific is the largest regional starch market globally in 2022 with share of more than 50%. The industrial starch demand in the region is projected to grow at a faster rate as compared to western world. Asia pacific followed by USA, and Europe in terms of industrial starch demand. The Global industrial starch market growth is majorly driven increasing spending power of the population in developing countries, rise in developments in FMCG industry and paper & packaging industry segments. Asia pacific industrial starch market has created ample of opportunities for growth and is expected to be the fast-growing market till the end of forecast period.
Industrial Starch Applications Overview
Starches are finding new applications in various sectors. For instance, they are being explored in the production of adhesives, construction materials, and even as a raw material for biochemical and biotechnological processes. The starch industry involves significant global trade, with some countries being major exporters while others are importers. Demand for specific types of starches can influence trade patterns. Ongoing advancements in processing technologies are improving the efficiency of starch extraction and modification, leading to better quality products and increased supply.
The food industry's starch demand remains robust due to its widespread use as a thickening agent, stabilizer, and texturizer in various products like sauces, dressings, confectionery, and bakery goods. As urbanization and changing lifestyles drive the demand for convenient and processed foods, the need for starch as a functional ingredient continues to rise. The paper and packaging sectors require starch for surface sizing, which improves print quality, ink absorption, and paper smoothness.
The Fast-Moving Consumer Goods (FMCG) industry encompasses products that are consumed frequently and have a relatively short shelf life. This industry is characterized by rapid product turnover, high competition, and the need to cater to evolving consumer preferences. Consumers are increasingly seeking healthier food options, which has led to a demand for cleaner labels and more natural ingredients. This trend affects the choice of starches used in food products, pushing manufacturers to opt for minimally processed and naturally sourced starches. The demand for gluten-free and allergen-free products has grown substantially. Starches like tapioca starch and potato starch are utilized as alternatives to wheat-based ingredients in gluten-free products. Consumers desire specific textures and mouthfeel in their food products. Modified starches are used to achieve desired textures, enhancing the sensory experience of the products.
The FMCG industry is increasingly focusing on sustainable packaging solutions to reduce environmental impact. Starch-based bioplastics are gaining traction as a renewable alternative to conventional plastics, contributing to the reduction of plastic waste. Starch-based coatings and films are used to extend the shelf life of perishable products, reducing food waste and ensuring the products reach consumers in optimal condition. Technological innovations have enabled the production of modified starches with specific functionalities. These starches can enhance product stability, texture, and appearance, leading to improved consumer satisfaction.
Advances in processing technologies allow for the creation of starches with clean labels, meeting the demand for transparency in ingredient lists. As economies develop and disposable incomes rise in emerging markets, the demand for FMCG products is increasing. This growth drives the starch demand, which is used in various food and beverage products.
Rapid urbanization and changing lifestyles drive the demand for convenience foods and packaged goods, contributing to the FMCG industry s growth. The FMCG industry operates in a regulatory environment that impacts the choice of ingredients, including starches. Regulatory changes related to food labeling, nutritional content, and sustainability can affect product formulations. The FMCG industry relies on efficient supply chains to meet consumer demands. Fluctuations in starch supply or disruptions in production can impact the availability and cost of raw materials.
As consumers become more informed and environmentally conscious, the industry is adapting by incorporating starches that align with these trends. The FMCG sector s ability to respond to changing consumer preferences and navigate evolving regulatory landscapes will be key in driving its growth while contributing to the demand for specific types of starches. Starch is also used for fabric sizing in the textile industry to enhance weaving and finishing processes.
The trend towards sustainability and reduced reliance on petroleum-based plastics has led to an increased interest in bio-based plastics, many of which are derived from starch. Starch is utilized in pharmaceuticals as an excipient and in cosmetics for its texturizing and absorption properties. Starch-based adhesives, coatings, and binders are used in industries such as construction, woodworking, and adhesives. The use of starch in animal feed for energy and ethanol production from starch-rich crops also contributes to industrial starch demand. Increasing populations and economic growth in emerging markets are expected to drive demand for various starch applications.
Historical Industrial starch prices for industrial starch has fluctuated between USD 0.4 to 0.8 per Kg. In the coming years, Average Starch Prices are expected to to cross USD 1 per Kg due to on going Russia Ukraine war and rising inflation.
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