Speciality Starches Market

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Market Analysis and Insights: Speciality Starches Market
Global Speciality Starches Market By Product (Cationic, Starch Esters & Ethers, Resistant, Others), Function (Thickeners, Stabilizers, Binders, Emulsifiers, Others), Type (Large Granule Size, Medium Granule Size, Small Granule Size), Source (Corn, Potato, Wheat, Tapioca, Rice, Others), End User (Food & Beverage, Medical, Pet Food, Pharmaceuticals, Paper, Textiles, Others), Distribution Channel (B2B, B2C), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Global specialty starches market is expected to register steady growth rate during the forecast period of 2019-2026. The report contains data from the base year of 2018 and historic year of 2017. This rise in market value can be attributed to rising demand for packaged food and the booming growth of the bakery & confectionary products.
Market Definition: Global Speciality ...
... Starches Market
Starch is a carbohydrate that is used in food manufacturing for several years serving as an essential nutrient in the body. It is a white granule, organic substance naturally available that is stored by almost all plants for energy. Speciality starch is the modified form of traditional starch that is modified for a specific requirement. Speciality starch is versatile, and is soluble in water, which makes it fit for several function including thickening and stabilizing. Due to its versatility it is widely adopted by several industries including food & beverages, pharmaceutical, paper, textiles, etc.
Market Drivers:
• Rising demand for new and innovative flavours and variants in products due to changing tastes and preferences, high competition and increased consumer awareness
• Developments in food processing techniques boosts the demand for speciality starch to ensure flexibility of ingredients
• The advantages and advanced features of speciality starch ensures quality and cost effectiveness which boosts the growth of this market
• Rising demand from pharmaceuticals industry fosters the growth of this market
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Market Restraints:
• Absence of adequate technology, infrastructure and raw materials hampers the growth of this market
• Lack of availability of infrastructure, raw materials and advanced technology is expected to restrain the growth of the market growth
Segmentation: Global Speciality Starches Market
By Product
• Cationic
• Starch Esters & Ethers
• Resistant
• Others
By Function
• Thickeners
• Stabilizers
• Binders
• Emulsifiers
• Others
By Type
• Large Granule Size
• Medium Granule Size
• Small Granule Size
By Source
• Corn
• Potato
• Wheat
• Tapioca
• Rice
• Others
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Key Developments in the Market:
• In March 2019, Ingredion purchased the business of Western Polymer. With this acquisition, Ingredion would expand it potato production capability and its customer base by expanding its speciality starch ingredients portfolio, due to the capturing of manufacturing sites situated in U.S. This will also help in further innovations for the product and overall expansion of the organisation.
• In July, 2018, Archer Daniels Midland Company partnered with Vedan international to launch its innovative line of specialty tapioca starches. Tapioca starches have a neutral taste which enables them to be used effectively in various applications including bakery, dressings, beverages, yogurt, soups etc. Thus with this launch, ADM has expanded its starch ingredients to include tapioca starch, thereby enhancing the production and sale of new and innovative speciality starches globally.
Competitive Analysis: Global Speciality Starches Market
Global specialty starches market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of specialty starches market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Speciality Starches Market
Few of the major competitors currently working in the specialty starches market are Archer Daniels Midland Company, Koninklijke DSM N.V., Tate & Lyle, Cargill, Incorporated, Givaudan, DuPont de Nemours, Inc., Sensient Technologies Corporation, INGREDION, Chr. Hansen Holding A/S, Kerry Inc., MK Ingredients, Santosh Group, Birkamidon, Starch Europe, Tongaat Hulett, Roquette Frères and AGRANA Beteiligungs-AG amongst others.
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