Organic Starch Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2026
According to the current analysis of Reports and Data, the global Organic Starch market was valued at USD 36.27 Billion in 2018 and is expected to reach USD 52.19 Billion by year 2026, at a CAGR of 4.6%. As the lifestyle of people today comprises of long working hours, there is a surging demand for ready-to-eat convenience foods, that are easily available in retail stores. Organic starch is an important bulking, sweetening and binding agent in such applications. It also finds important applications in the textile and pharmaceuticals industry, in applications like textile sixing of cotton clothes and diluting, binding and lubrication processes. It is due to such desirable properties that organic starch is observed to be gaining a significant traction on a global level.
While the developed European
and American economies currently hold a large market share both in production
and consumption of organic starch, the Asia Pacific region along with other
emerging economies is expected to grow strongly over the following decade.
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For
the purpose of this study, Reports and Data have segmented the Organic Starch
market on the basis of product type, distribution channel, application, end
use, and region:
Product Type (Revenue, USD Million;
2016–2026)
- Potato Starch
- Corn Starch
- Arrowroot Starch
- Tapioca Starch
- Others
Distribution Channel (Revenue, USD
Million; 2016–2026)
- Direct
- Indirect
- Store-based selling
- Online retailing
Application (Revenue, USD Million;
2016–2026)
- Bulking Agent
- Anti-Caking Agent
- Sweetener
- Stabilizer
- Fat Replacer
- Others
End Use (Revenue, USD Million; 2016–2026)
- Baking Industry
- Meat Industry
- Animal Feed Products
- Textile Industry
- Pharmaceutical Products
- Personal Care Products
- Others
Regional Outlook (Revenue in USD Million;
2016–2026)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Further
key findings from the report suggest-
- Rapidly changing consumer lifestyle that
demands an increased availability of ready-to-eat convenience and packaged
foods is propelling market growth. With an increasing number of
restaurants and food outlets serving these products, the demand for
organic starch is going up.
- A high demand for natural and clean product
labels along with rising sweetening requirements are leading the corn
starch market globally. The market is expected to expand at a CAGR of 4.6%
over the forecast time frame.
- Organic Arrowroot Powder finds popular
application as a thickener in fruit gels and fruit sauces. It is preferred
over corn starch in specific uses as it creates a perfectly clear gel and
does not break even after being combined with acidic ingredients.
- Potato starch has numerous applications in
ready-to-eat, ready-to-mix and convenience food products globally, and
especially in emerging economies because of its ability to form clear
pastes and solutions. This is fueling the potato starch market growth.
- Geographically, North America is expected to
lead the global organic starch market due to extensive demand for packaged
and processed foods. Potato starch is used widely to produce wiener, meat
balls and hamburgers, and hence the strong demand.
- Poland and other eastern European countries
will be leading the market for organic starch in the European region,
which is already a mature production share holder. This is due to the
fertile resources and a burgeoning demand.
- Nations like India and China are leading the
textile industry growth in the Asia Pacific region. The applicability of
starch in textile sizing is leading the product demand in these markets.
- The organic starch market is winning over
conventional alternatives such as regular starch or gelatin due to properties
like the provision of ubiquitous texture that is product appealing.
- Changing climate conditions, erratic rainfall
pattern and other seasonal variations often deter the crop quality. This
has implications on the quality of organic starch, and therefore, its
market demand.
- Product innovations drive this market that is
based on a favorable combination of many product qualities. Avebe is a
large producer of functional and healthy ingredients based on starch
potatoes. They have provided clean label meat solutions as a range of
functional potato proteins with excellent emulsifying and gelation
properties.
Scope
of the Organic Starch Market Report:
The report offers an extensive
assessment of the growth rate and the market size based on the dynamics of the
industry and the factors influencing the growth of the market. The report is
formulated through authentic sources and verified and validated by industry
experts. The report has been formulated through extensive primary and secondary
research. It also covers the evaluation of market and competitive landscape
along with SWOT analysis and Porter’s Five Forces analysis of the leading
companies.
To
know more about the report, visit @ https://www.reportsanddata.com/report-detail/organic-starch-market
Moreover, the report
offers an accurate forecast estimation through a thorough analysis of the
historical data (2017-2018) while considering 2019 as the base year. The data
offers a panoramic view of the market, assisting the readers to gain valuable
insights into the Organic Starch market. To impart better understanding of the
market, the key statistical data is organized into pictorial representations
such as charts, graphs, tables, diagrams, and figures.
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