Growing End-Use Applications to Drive Demand for Starch, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Starch markets. Global market for Starch is projected to exceed 150 million metric tons by 2020, driven by rapid growth of the food processing industry, increasing demand for starch-based adhesives in industrial products, and growing popularity of starch-based biodegradable polymers.
San Jose, California (PRWEB) April 04, 2014
Follow us on LinkedIn – Starch and starch derivatives play a major role in food and non-food industries. Refining technology developments over the years have transformed starch into a valuable, eco-friendly ingredient with numerous potential end uses. Applications of starch have evolved from simple use in the food industry to shape puddings, to cutting edge applications as biodegradable polymers in biomedical and environmental fields. Development of new starch products with health and performance benefits is fuelling its use in several day-to-day products such as medicines, cosmetics, toothpaste, building material, polish, and paper, among others. In particular, starch is finding use as a renewable raw material for use in the production of packaging materials and biodegradable plastics. Additionally, manufacturers are focusing efforts on developing ‘clean-label’ starch solutions for the food and beverage sector, driven by the growing consumer demand for healthy and natural ingredients in food products.
As stated by the new market research report on Starch, Asia-Pacific represents the largest as well as the fastest growing market worldwide. Growth in the region is driven by strong economic growth, increasing employment opportunities, rising per-capita income levels particularly in China and India, and the ensuing growth in demand for food and non-food products. The low per capita consumption of starch in the region offers huge untapped potential for growth. Developing countries such as China, India, Russia, and Brazil are also offering lucrative opportunities for demand growth particularly in paper mills and packaging end-use sectors.
Liquid starch will continue to remain the largest market over the analysis period. The market for modified starch is expected to witness strong growth in the coming years, with demand emerging from food, non-food, and industrial sectors. Cost effectiveness, growing awareness, and enhanced functionalities offered over native starches are factors expected to stimulate growth in the modified starch market. In view of increasing health awareness, changing consumer food habits, and growing functional and nutritional needs of the global population, demand for innovative modified starches is expected to increase rapidly in the coming years.
Major players covered in the report include AGRANA, Archer-Daniels-Midland Company, AVEBE Group B.A., BENEO GmbH, Cargill Inc., Chemstar Products Company, Global Bio-Chem Technology Group Co. Ltd, Grain Processing Corp., Ingredion Inc., Penford Corp., PT. Budi Starch & Sweetener Tbk, Roquette Frères, Tereos Syral S.A.S. , Tate & Lyle Plc, The Emsland Group, and Zhucheng Xingmao Corn Developing Co.
The research report titled "Starch: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, raw materials scenario, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in volume (thousand metric tons) for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also analyzes the global market for Starch by Product Group/Segment – Dry Starch (Native, Modified and Other Dry Starches) and Liquid Starch.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Starch_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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